Multiyear Library Subscriptions

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

1. Register as Bank transfer to Supporting Library Membership
2. First entry whent the payment is made: year:
   
   • Debit all except first year to the Other Current Assets/Prepaid Library Subscriptions account
   • Credit to cash (this should be a transaction in the banking data dump that you will recategorizetransfer to theSupporting PrepaidLibrary account)Membership
     
3. SetNext up journal entries for each year: years:
   
   • Debit the annual due/expense to Library Subscriptions Program
     
   • Credit the Other Current Assets/Prepaid Library Subscriptions account for the annual amount due

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