Accounting Talk Accounting Talk    FAQ   Search   Memberlist   Usergroups   Register   Profile   Log in to check your private messages   Log in  QBP2007 Unearned Income Heating Oil Distributor/Sales          Accounting Talk Forum Index -> Quickbooks View previous topic :: View next topic   Author Message Dave Guest Posted: Sat May 24, 2008 2:36 am    Post subject: QBP2007 Unearned Income Heating Oil Distributor/Sales Have started a new service for home heating oil customers. Customer is put on a budget per month to pay for oil delivery at future date. 1. Deposit customer monthly checks to Unearned Income. 2, Short term liability set up. 3. Deliver oil (probably in fall). 4. Journal Entry made after delivery Unearned Income, Short term liability, sales.. Is this correct or the best way to do this in QB?. Back to top   Ads Advertising Sponsor Haskel LaPort Guest Posted: Sat May 24, 2008 6:32 pm    Post subject: Re: QBP2007 Unearned Income Heating Oil Distributor/Sales "Dave" <dlcopesr@yahoo.com> wrote in message news:k-SdnelxpLkmparVnZ2dnUVZ_qXinZ2d@comcast.com... Quote: Have started a new service for home heating oil customers. Customer is put on a budget per month to pay for oil delivery at future date. 1. Deposit customer monthly checks to Unearned Income. 2, Short term liability set up. 3. Deliver oil (probably in fall). 4. Journal Entry made after delivery Unearned Income, Short term liability, sales.. Is this correct or the best way to do this in QB?. Get software dedicated for your industry. Quote: Back to top   Ads Advertising Sponsor Karl Guest Posted: Sat May 24, 2008 8:07 pm    Post subject: Re: QBP2007 Unearned Income Heating Oil Distributor/Sales You can create an Other Charge item to add to a customer invoice created based on delivery. Point this item to Unearned Income and add it to the invoice as a negative amount. "Dave" <dlcopesr@yahoo.com> wrote in message news:k-SdnelxpLkmparVnZ2dnUVZ_qXinZ2d@comcast.com... Quote: Have started a new service for home heating oil customers. Customer is put on a budget per month to pay for oil delivery at future date. 1. Deposit customer monthly checks to Unearned Income. 2, Short term liability set up. 3. Deliver oil (probably in fall). 4. Journal Entry made after delivery Unearned Income, Short term liability, sales.. Is this correct or the best way to do this in QB?. Back to top   Ads Advertising Sponsor Haskel LaPort Guest Posted: Sat May 24, 2008 8:28 pm    Post subject: Re: QBP2007 Unearned Income Heating Oil Distributor/Sales "Haskel LaPort" <QBFanBoy@gmail.com> wrote in message news:4838190d$0$11601$607ed4bc@cv.net... Quote: "Dave" <dlcopesr@yahoo.com> wrote in message news:k-SdnelxpLkmparVnZ2dnUVZ_qXinZ2d@comcast.com... Have started a new service for home heating oil customers. Customer is put on a budget per month to pay for oil delivery at future date. 1. Deposit customer monthly checks to Unearned Income. 2, Short term liability set up. 3. Deliver oil (probably in fall). 4. Journal Entry made after delivery Unearned Income, Short term liability, sales.. Is this correct or the best way to do this in QB?. Get software dedicated for your industry. Perhaps you do have industry specific software (as you should) then your method is fine. There are hundreds of thousands of QuickBooks users that use special industry specific front office software and QB just for their back office operations. Prime examples of these are medical care providers, veterinarians, and home and office oil delivery companies and many others. Quote: Back to top   Ads Advertising Sponsor Display posts from previous: All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First         Accounting Talk Forum Index -> Quickbooks All times are GMT Page 1 of 1   Jump to: Select a forum Accounting Talk----------------Accounting TalkPeachtreeQuickbooksQuicken  You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum 68 Attacks blocked Powered by phpBB © 2001, 2005 phpBB Group