QB Issue Resolution:
create a current asset account called pre-paid travel and use that account as the expense
in march do a journal entry, debit travel expense, credit pre-paid travel
Resolution for Issue 'How to record travel expenses under accrual method? I paid $1700 when booking for hotel and airfare in Nov 2018. But the “actual travel” will not occur until March 2019. My company is C-corp taxed as S-corp. Should I record this travel expense in Nov 2018 or March 2019? How to record it correctly? I’m new to quickbooks online, I really need detailed step by step instructions. Thank you very much.' available: Yes (Solved).
Source: Intuit Community forum.
How to record travel expenses under accrual method? I paid $1700 when booking for hotel and airfare in Nov 2018. But the “actual travel” will not occur until March 2019. My company is C-corp taxed as S-corp. Should I record this travel expense in Nov 2018 or March 2019? How to record it correctly? I’m new to quickbooks online, I really need detailed step by step instructions. Thank you very much.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.
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