1. Go to QBO. Create a bill for prepaid expense.
2. Fill in all info: Vendor, Mailing Address, Bill Date, Due Date, Category (Prepaid Expenses) , Description, Amount. Click on Save.
3. Go to TWC and then Prepaid Expenses
4. *Click on SYNC NOW. This is a quick way to trigger TWC to create Prepaid Expense Schedule for the bill you added.
5. TWC identified the new prepaid expenses Venmo in IDENTIFICATION
6. Then, it's ready to create Prepaid Schedule for Venmo. Click on CREATE
7. Fill in the info: Service Start/ End Date, Expense Account, Capitalized Amount, Amortization Convension, Notes Click on SAVE SCHEDULE
8. Go to REPORTING
9. The prepaid expense schedule for Venmo ready to post to QBO
10. Drag highlighted element
