We use QuickBooks to keep up with all our businesses' accounts, finances and revenue. In years past we have done everything on a cash basis just because it is so much easier to keep track of. However, this year we will have passed the legal limit for the cash basis of accounting.
The problem is, we don't know how switch things over to an accrual method. No accountants we have consulted near us are familiar with our line of business. We have 10's of thousands of customers and the vast majority never come back for a 2nd purchase due to the nature of what we sell. As such, it would be extraneous to create an entry for each of them in QuickBooks. Instead we just made the batch settlements we get from the likes our credit card processor, American Express, Amazon.com, etc etc, as the only clients.
How can we move this over to an accrual method of accounting? Surely this isn't something others have faced but I don't know if anyone has taken the same approach at keeping it all manageable.
Any assistance would be greatly appreciated. Any questions, just ask and I will do my best to clarify.