more-arw search

Q&A Forum

Recording Benefits in Month of Coverage

I currently have 2 insurance invoices for August coverage, payment due 8/1.

If I enter with invoice date of 7/19, it will show the expense on my July P&L - it should show on my August (PLUS as a non-profit, I will class out per august timesheets.)

Can I record the bill today with a Aug 1 date? Seems wrong. And not worth creating a prepaid for 2 weeks. Please advise.


Betsy Brycki
Title: Accountant
Company: Informed Systems
(Accountant, Informed Systems) |

My ERP software allows me to enter in AP with one date and post to GL with another. I can print two different AP aging reports, one with AP posting date and one with GL posting date. Is that an option for you?


Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.