Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
If a company made a contract with an insurance company for health and paid for 1 year for all of it's employees
How to records this expense in odoo? Since this is paid upfront, does odoo create a journal every month with the insurance cost (what the company paid / 12)? and how to do that?
see
www\.odoo\.com\/forum\/help\-1\/question\/9\-0\-how\-to\-record\-prepaid\-office\-rent\-102701
\As you figure it out in your case, the upfront payment is a cash issue, whilst the expense recogniton is a P/L issue that is done for every accounting period
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