Multiyear Library Subscriptions

1- You set up an asset called "Prepaid Expenses" under "Other Assets". The first entry would be Debit to the Prepaid account, and a credit to cash (this should be a transaction in the banking data dump that you will recategorize to the Prepaid account)
2- Every year, you'll need to book a journal entry that debits the annual due/expense, and credit the Prepaid asset account.