QB Issue Resolution:

I would have two income accounts set up – one for the service provided (i.e. consulting) and one for materials. This way this means that when you run a Profit and Loss at the end of the financial year this will allow you to show a clear breakdown and percentage of where your revenue streams are the strongest. It may also help you make comparisons period by period and be able to make executive decisions in regards to improving a certiain revenue stream that maybe isnt doing as well as another.


In this scenario you can use the split button to apportion part of the income to the service and part of the income to the materials.


I always say to my clients that QuickBooks reports are only as good as the information you enter into them. This may take a little longer for each transaction but the data you can extract at the end is priceless in decision making scenarios in the future!


I hope this helps.


If you have any questions please do not hesitate to private message me.

Resolution for Issue 'Questions about reconciling money deposited for client equipment' available: Yes (Solved).
Source: Intuit Community forum.

Questions about reconciling money deposited for client equipment: 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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