Topics:

  • Setting Up Revenue Categories

    In "Step 10" of the getting started guide: Revenue Categories - Do I have to set up accounts to be posted to for all the hard-coded categories? Is there any reason to set up accounts for the revenue categories I ever use, such as gtax4 or otax4? (DMIE)
    (This is Step 11 in the Getting Started Guide for Version 3)

    You only need to select an income account for the revenue categories that you will be using. If you will never use OTAX4, then you needn't select an income account for that revenue category. The income account selected will be the account where the system will post just your company's share of that type of revenue to in QuickBooks instead of creating a check for you. This is if you have selected the option in your Owner Information record to 'Post this Owner to QB Income and Expense Accounts'.

    Top

    Return to Entering Revenue