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Aug 22, 2022 4:02 PM UTC
Question

How is deferred revenue entered in quickbooks online?

The company collected revenue in the current fiscal year that belongs to the following fiscal year

1 reply

Aug 22, 2022 4:54 PM UTC

Hi pricelesswisdom-,

 

Welcome to Community!  It's essential that you're able to record your transactions accurately in QuickBooks Online, and keep in good standing with Government guidelines.  I'd be happy to point you in the right direction so you can accomplish your goals with peace of mind!

 

Based on the information you've provided, I recommend reaching out to your accountant for their expertise and the best course of action, to ensure a positive outcome on all areas of your books.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

Please feel free to reach back out if you have any other questions.  We'd be glad to assist!