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don't do this in QuickBooks Online! get the Bookkeeping Foundation Kit before you login to QuickBooks again. linked in my shop or just go to BookkeepingFoundationKit.com #bookkeepingfoundationkit #bookkeeping #bookkeeper #quickbooksonlineexpert
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For US HVAC companies: maintenance plans paid up front, and how to book them in QuickBooks. How to book it: 1. In QuickBooks Online, create an Other Current Liability account called Unearned Plan Revenue. 2. Point your maintenance plan item at that account, so plan sales land there. 3. Each month, move one twelfth of each running plan into income with a journal entry. For example, $54,000 sold in one month is $4,500 a month. 4. Keep a simple list of plans, start dates and visits still owed. 5. A
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