How would I keep a record of payments with an insurance supplier (Zego if that helps) if they bill on the basis that the account gets topped up with credit, then they deduct from the credit on a pay as you go basis?
I.e: Top up so you have £100 credit, they then deduct £x here and there when the vehicle is used, then when the credit falls below £5 you would top up again.
To further clarify this is for working with Deliveroo/UberEats in the UK among others, on a sole proprietor basis
Prepaid Expenses
class which is countered by a reduction inCash
. Each time a chunk of that prepaid expense is used, it is countered by anExpense
entry. – RonJohn Dec 11 '20 at 18:58small-business
tag. – RonJohn Dec 11 '20 at 20:53