Accouting entry

AS PER ACCRUAL CONCEPT WE HAVE TO RECOGNISE THE INCOME AS AND WHEN WE RECIEVE

Since no services have been received and also no payments have been made made, it seems there is no need to pass any journal entry at this stage.  If some advance payment is made, then you can pass entries for advance.  In case you receive some services and don't make any paytments, then you must pass entries on accrural basis for whatever amount has become due.

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No need to pass any entry in your books as long as you do not book the invoice. As and when you book the invoice, you would accrue the expense and will pass the following entry:

Prepaid Expense Account                            Dr

Bank Account                                                  Cr

As and when you receive the services, you will be passing the following entry every year:

Expense Account                                           Dr

Prepaid Expense Account                            Cr