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MONTHLY DIRECT DEBIT PAYMENT

Cchristine5y ago
Hi, Can you please help. We have received invoice from insurance company for £60000 and this is payable by DD at £5k per month. Do I post the whole £60,000 to the supplier account in which case the whole £60k would post to the insurance nominal which I do not want. I only want to show the £5k per month. Is this a prepayment or accrual. I am getting muddled. Thank you.
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