I have read that when logging payment for insurance you have to log it in a particular way. If the premium is due in June and that the accounting period is at the end of the year, then only 50% of the insurance premium is logged. That’s the easy part to understand. What happens to the remaining 50…

Paul_Courtier 16 February 2020 20:09 3

You can follow this link but edit it to account for the months remaining in your case

Logging payments for Insurance