clients property: We add our clients property to our master policy and pass the actual cost on to the client. When they pay us their premium, what type of account do I record it in?
You are right it is not COGS
Book the overall insurance bill to a liability account you create using enter bills.
Invoice your client using a service item which has that same liability account selected on the item screen. That will lower the amount in the liability account and you deposit the […]
Resolution for 'clients property issue: 'We add our clients property to our master policy and pass the actual cost on to the client. When they pay us their premium, what type of account do I record it in?' available: Yes.
The clients property 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 clients property issue yourself by looking for a resolution described in the article. If it is a complex clients property issue or you are unable to solve the issue, you may contact us by clicking here or by using other clients property support options.
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