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.
  1. Deliver oil (probably in fall).
  2. Journal Entry made after delivery Unearned Income, Short term liability, sales.. Is this correct or the best way to do this in QB?.
Reply to
Dave
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Get software dedicated for your industry.

Reply to
Haskel LaPort

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.

Reply to
Karl

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.

Reply to
Haskel LaPort

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