How would I enter an expense for a period that has not yet started.
We received a bill while our vendors prepare to begin working. We do not have to pay the bill until their work actually begins which could be a month from now. How would I enter this bill into our accounting software? It is an Accounts Payable, but I do not want to expense it until work begins and I can't mark it as prepaid until it is actually paid.
What is your recommendation?
We received a bill while our vendors prepare to begin working. We do not have to pay the bill until their work actually begins which could be a month from now. How would I enter this bill into our accounting software? It is an Accounts Payable, but I do not want to expense it until work begins and I can't mark it as prepaid until it is actually paid.
What is your recommendation?