Insurance Payment

I have an insurance payment that goes out once per year for Public Liablity insurance etc.
I am not sure what account to allocate this to. Should it go in Accounting, Legal and Professional Services ?

Posted by Mark on Feb 9, 2011 10:59 AM GMT

Hi Mark,

You should choose whatever account you think makes the most sense. In this case I would create a new expense account called 'Insurance Costs'.

Regards

Posted by Mark McLaren (Solar Accounts) on Feb 9, 2011 11:22 AM GMT