Thank you for the responses. I'm all set up for this however I do have a related question. While my new business is not set to open until September, I'm currently paying my lease. What I would like to do is enter this as a prepaid expense and recognize it starting October. I tried to enter an expense using the Payment Account Prepaid Expenses but I'm getting an error. I'm not sure if I'm doing this the correct way. Please advise. Thanks.