Year-end JV to defer income to next year where work will be complete. Payment not received nor work complete, invoice sent. A/R or liability?

Hi there jewel-anstett,

Thanks for reaching out about entering your year-end adjustments. QuickBooks Online is a great tool able to help you keep track of sales and expenses so you know the profitability of your company. I can point you in the right direction for assistance with this adjustment.

For assistance with if you should be differing this income as well as which accounts you should be affecting, I recommend speaking to your accountant. They'll be able to make sure the adjustment is entered correctly so that all your books can be well balanced. You can invite your accountant to your QuickBooks Online account by clicking on the My Accountant tab. There's also an option to find an accountant near you in that section by clicking on the Find a Pro to help button.

If you have any other questions, feel free to reach out here.