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Posted by Laura on May 24, 2007, 5:32 pm
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> QB Pro 2005 - I have an insurance policy with an annual premium of $1,000,
> payable in four equal quarterly installments of $250. I could post the
> full premium as a payable. But then, how would I handle the quarterly
> payments so they reduce the payable each quarter?
> Also, I'd like to set this up in QB pro 2005 so that the payments show up
> as reminders.
>
> I don't want to bother with adjusting for prepaid insurance. That can
> wait until year-end. when I can make an appropriate GJE.
>
> Any suggestions?
How about memorizing a quarterly bill for $250? When the bill comes up, just
pay it.
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