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Steadfasthome
October 8, 2021
Solved

Invoices sent showing on Expenses in QB Dashboard

  • October 8, 2021
  • 1 reply
  • 0 views

I am just starting off, and I have sent 2 invoices to different clients, each one for $1,000. One has been paid, one is pending payment. I have had no true expenses that I can think of so far.

 

On my quickbooks dashboard it shows as an expense.

 

Why would an invoice paid or pending payment be classified as an expense?

 

Best answer by Test2Go

@Steadfasthome, I would agree with @LieraMarie_A. 

 

and when you change the income account of an item, you'll see a checkbox that says "Also update this account in historical transactions". Be sure to put a check in it to retroactively update your transactions. that's all you wanna do

1 reply

LieraMarie_A
LieraMarie_A
October 8, 2021

I'm here to help you classify your items properly, @Steadfasthome.

 

The account tied to that specific item may be an expense account. Let's verify the information on the Products and Services page.

 

Here's how:

  1. Go to the Gear icon and select Products and Services.
    Capture.PNG
  2. Find the item and click Edit under the Action column.
  3. Click the Income account dropdown. Make sure choose an income account you want to use to track the sale.
  4. Click Save and close.

 

You can find these instructions from our guide: Add product and service items. You can also add, edit, or delete accounts to make sure your transactions are categorized correctly.

 

I'm only a few clicks away should you need further assistance with tracking your accounts. Have a great day.

Test2Go
Test2GoAnswer
October 8, 2021

@Steadfasthome, I would agree with @LieraMarie_A. 

 

and when you change the income account of an item, you'll see a checkbox that says "Also update this account in historical transactions". Be sure to put a check in it to retroactively update your transactions. that's all you wanna do

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