Learn QuickBooks
Expense Adjustments

In this QuickBooks video you will learn how to record and adjust for prepaid expenses. These types of prepaid expenses are “time based” expenses. That means there is no specific event where you use the service. The service is used over time like prepaid rent or prepaid insurance. You make one large advanced payment, then the value is decreased month by month. You must know how to make journal entries to make this adjustment in quickbooks.

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