If the rent paid does not exceed one year, the accounting treatment is as follows

Debit: advance payment

Loan: cash (bank deposit)

If the rent paid exceeds one year, the accounting treatment is as follows

Borrow: Long-term deferred expenses

Loan: cash (bank deposit)

When amortizing expenses on a monthly basis, the accounting entries are as follows

Borrow: management fee

Credit: prepaid account (long-term deferred expenses)