KEY-OFF CAR BATTERY DRAIN. If your car battery is less than six years old and tests okay, and the charging system is working normally, your battery may be running down because of a key-off current drain (also called parasitic battery drain).
Return To Tutorial. The Chart of Accounts is normally arranged or grouped by the Major Types of Accounts. The Balance Sheet Accounts (Assets, Liabilities, & Equity) are presented first, followed by the Income Statement Accounts (Revenues & Expenses).
That's a great question! Begin by creating an asset account. Go to the chart of accounts and create a new Asset account. Under Category type, choose Current Assets; Detail Type is Prepaid expenses. Name it Prepaid Insurance. Leave the opening balance blank and click Save.