How to you record CERS?

Hi there White Lung,

Making sure that your transactions are entered correctly is important so that your books are balanced. QuickBooks Online gives you the option to create Journal entries in order to create money movement between two accounts from your chart of accounts. I can point you in the right direction.

In order to enter such a transaction, a journal entry may be required. You can create it by navigating to the +New button, then select Journal entry. To know which accounts to affect using this journal entry, I recommend reaching out to your accountant. Their accounting knowledge as well as an understanding of best business practices will be able to guide you in selecting the accounts that need to be affected to correctly represent the money movement in your books.

If you want to invite your accountant, you can do so by navigating to the My accountant tab and entering their contact info. You can also find an accounting professional near you by clicking the Find a pro to help option on that page.

If you have any other questions, feel free to ask them here.