Reference no: EM132789889

Abe's Alarms leases a fleet of vehicles with separate payments for each vehicle. The payment for each vehicle is the same amount each month.

Problem 1: How would you advise Abe to streamline these entries?

1. Set up a recurring Invoice for each lease payment and have it automatically entered monthly

2. Set up a recurring Accrual for each lease payment and have it automatically entered monthly

3. Set up a recurring Expense for each lease payment and have it automatically entered monthly

4. Set up a recurring Bill payment for each lease payment and have it automatically entered monthly

5. Enter an Expense for the first vehicle every month and make a copy of the transaction for the other vehicles