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Sage software - how to expense

We signed up for 1 year contact at 35k. Monthly expense is 2800/mo. if the vendor is invoicing us quarterly 12k on first two quarters and 3rd and 4th, they will invoice 4600.

Dr Accrued expense: 35000
Cr A/P : 35,000

What accounts do i use or how do i make monthly expense?

I appreciate any feedback.

Thank you.


(Controller) |

If I understand you right, you get invoiced the first month of every quarter.
For example... January 1, 2019 - Invoice for $8,400 (3 x $2,800) received from vendor

On January 1, 2019 ---

DR Prepaid Expense $5,600
DR Software Expense $2,800
CR Cash $8,400

Each month after...

DR Software Expense $2,800
CR Cash $2,800

Until April 1, 2019 ---

DR Prepaid Expense $5,600
DR Software Expense $2,800
CR Cash $8,400


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