Multiyear Library Subscriptions

For library subscribers who pay their multiyear dues all at once:

1. Register as Bank deposit to Prepaid Library Subscriptions
   
2. First year (same date as bank deposit):
   
   • Debit  first year to the Other Current Assets/Prepaid Library Subscriptions account
   • Credit to transfer to Supporting Library Membership
     
3. Next years:
   
   • Debit the Other Current Assets/Prepaid Library Subscriptions account for the annual amount due
   • Credit the annual due/expense to Library Subscriptions Program

This is what the Prepaid Library Subscriptions chart of accounts should look like: