 Okay, so that should do it. And so let's save it. Boom. And then let's go to the balance sheet and see what happens. K-Passo. K-Passo! We're going to go down to the prepaid insurance has now moved down to 11,000. That makes sense because now if one month has passed, there was 12,000 for 12 months divided by 12, 1,000 a month. 11 months have not yet expired. Therefore, 1,000 times 11 is 11,000. That's how much of the insurance policy value that we're still going to be consuming in the future. If I go into this, that takes us to our journal report. It doesn't take us back to the register. It takes us to the good old journal entry. I'm going to copy the adjusting entry down here too. So we have it on both lines. Save it and close it. There we go. And then the other side back to the balance sheet is on the income statement. Let's run it to refresh it. And then down here we have now our expense has been allocated. I would assume there it is. Insurance, liability, $1,000 insurance has been allocated. So there we have that. So that looks good. And so just remember that you want to make sure whatever system you're using, you're in conjunction with like the CPA or accountant. What you don't want to have happen, for example, is you're on a, is you have a schedule C business, for example, and you record your information as prepaid insurance thinking that your accountant is going to make the adjusting entries at the end of the period and then they don't. They just take your income statement and plug it into the tax return without doing any other kind of thought process involved. Because what you want to do is if you're working with an accountant when you have a business oftentimes that's going to help you possibly to do those period and adjusting entries, double check things like the payroll and possibly help you with the adjusting entries for any kind of prepayment accounts, especially like insurance and see what's going to be relevant on a tax return type of situation rather than just, you know, taking, just taking the income statement and whatever you give them and plug it in to the system. If you're working with someone that's just taking the income statement and plug it into the system, then you got to make sure that you're doing the periodic adjustments at the end of the period and you still might use the same system. You just want to make sure that whatever system you're using and whoever you're working with to do that system and implement it, everybody has is in the loop on what needs to be done. Okay, so let's open up our reports, right-click, duplicate our tab over here and we've got our journal reports. Let's take a look at those first scrolling down reports on the left, closing the hand boogie, type it in journal, the journal and let's go from 022823 to 022823 and then I'm just going to search for the journal entries by customize and filters and transaction type. We want the journal entry run it. So there we have it. So these are the adjusting entries we've done thus far. This is the one we just did here. These two are not adjusting entries. We would have to delete them. Maybe we'll do that and show you how to do that at the end by just exporting it to Excel possibly and removing them in Excel. And then if I take this up one notch, there's where we are with the reversing entries. Note that the entry we just did here is not a reversing entry. It's a permanent kind of process. So it's not something that we're going to say, hey, the accounting department is doing their thing, but we need to make a temporary adjustment. It's a planned adjustment, which is a permanent adjustment as opposed to a temporary adjustment. So next year we'll have to do the next one allocating the expenses as time passes. So that's the other thing we got to keep in mind, which of the of the entries that we're putting in place are reversing entries and which of the entries are permanent. And this happens to be a permanent one.