We recently switched insurance companies and the new company billed us for January and February on January 15th. I entered the bill as of that date. It was paid in full for both months by ACH on 2/1/24. For the month of March, we received the bill on 2/9/24 and it was paid on 3/1/24. When I run our Statement of Activities for February, it shows 3 "expenses" in our insurance expense account even though one of them is actually just a Bill for March that was received in February but hadn't been paid as of 2/29/24. This is a problem for our Executive Director because he says it isn't accurately reflecting our expenses in February if it's showing a Bill that hasn't been paid yet. He said at the end of the year it will show 13 payments to insurance instead of 12 the way QB is currently showing it. Is there a way to avoid this or a way to fix/adjust it? Hopefully I explained the situation clearly enough.
