Hi,

1. A vendor issues a bill valid for next 18 months

2. While recording the same, this amount should be split in 18 months and then be posted in the P&L (accrual basis)

How can this be done in Zoho Books to be compliant with GST as well as Accounting standards?

Most common types of such expenses are

1. Insurance Premiums paid in advance for the whole year

2. Service agreements for longer periods, but paid in advance