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December 10, 2020
Question

How can I change service account on paid invoices and direct to the correct income account? Several different services for business and direct to specific income account

  • December 10, 2020
  • 1 reply
  • 0 views
Some invoices are going to "Services" and need to differentiate which Income Account to already paid invoices.

1 reply

December 10, 2020

I'll be glad to assist you in categorizing your invoice to a correct income account in QuickBooks, @smcgregor.

 

All you have to is to edit your income account in your service item. Let me show you how:

 

  1. Go to Sales and select Product and Services.
  2. Look for the service item and click Edit.
  3. In the Income account section, choose the correct account.
  4. Click Save and close.

 

In case you want to apply these changes to all of your recent transactions, simply mark the checkbox in the "Also update this account in historical transactions" when updating your income account.

 

In addition, you can run the Invoices and Receive Payments report in QuickBooks. This will show the list of payments that you’ve received and the invoices that go with them. Simply go to Reports and open the Invoices and Receive Payments report.

 

I'm still here if you have other questions managing your accounts in QuickBooks. Just post your questions here, I'll respond as soon as possible.                                             

smcgregorAuthor
December 10, 2020

It doesn't work - I don't have Sales and "Also update this account in historical transactions" doesn't appear.  I have multiple invoices that have been paid and need to go to a different income account I created.  Ultimately need to capture the income in the correct account.