SaaS
Prepaid Annual SaaS Tools (Notion, Figma, Slack)
Paying for annual subscriptions to productivity tools used by the team.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid Software Subscriptions | Asset (+) | 4,800.00 | - |
| Cash / Credit Card | Asset (-) | - | 4,800.00 |
💡 Accountant's Note
Annual tool subscriptions covering more than one month are prepaid assets. Each month, $400 is recognized as G&A expense. This is the same principle as any other prepaid expense.
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