yearly subscription expenses

Look no further, @SParikh.

Thank you for providing additional details of your concern. This helps me to come up with a solution appropriate for your problem. You can create a recurring expense transaction to amortize the monthly expenses for your subscriptions. Follow along below to get this done right away:

1. Click the +New button and choose Expense.
2. From the Payee field, select the vendor and then, select the account you used to pay for the expense, in the Payment account box.
3. Enter the date and choose the payment method.
4. In the Category details/Item details section, enter the expense info. 
5. Input the Amount and hit Save when done.  
6. Then, tap Make recurring option.  
7. Fill in the fields for the recurring expense template.
8. Once finished, tick Save template.  

Here's the article that will provide more info about the process: Create recurring transactions in QuickBooks Online.

Then, to check for the recurring transactions or template created, you can pull up the Recurring Template List report. Just go to the Reports menu and scroll down to the For my accountant section and look for Recurring Template list. 

Let me know how this goes and leave a reply below. I'm always around to help you record your monthly expenses in QuickBooks. Have a good one.