QuickBooks Desktop for Windows Create an account to track the prepaid expense. Sign up. Forgot Password Don't have an account? Sign In to Post a Comment. Good morning!
When expensing prepaid expenses, is it best to do a journal entry or just change the expense account? Click the "Paid Status" filter and select "Closed" to filter only those expenses that have been paid.
At the time of prepaying I created a bill for the amount of prepay and used prepaid expense to put the money to amount to the vendor. Showing results for.
Retrieved from http: How to handle Vendor prepaid expenses. The entries will record according to the frequency you selected, reducing the Prepaid Expenses account each period. Joe Williams. Did you mean: Join Date: Contact Us - QuickbooksUsers. You can create an expense report on an account by account basis.
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By Ruth Perryman. Select "Multiple Transaction Types" if the expense was paid via check. Follow these steps if you have a customer who wants to spread the expense of an item paid in a single amount i.