Royalty Income? How entered?

Jeff,

One way to possibly do this is to set your Publisher up as a Customer.

When your royalty check shows up and you see how much it is... create an invoice to the Publisher and then receive payment for it immideately.

Basicly, your Publisher is your Customer.

I assume you are setup as a 'service company' and not an 'inventory company'

Another thing to think about is that your Publisher is probably going to send you a 1099 at the end of the year... unless you set up a company to publish your book and you can provide them with a tax number.

Hope this helps.

Thanks, I'll see how it works. Jeff

~~~~~~~~~~~~ Jefferis Peterson, Pres. Web Design and Marketing

Works as a work around thanks. Jeff

~~~~~~~~~~~~ Jefferis Peterson, Pres. Web Design and Marketing

Jeff,

I guess you could also just "Receive Payment" and apply it to your Royalty Account and skip the Invoice...

Like the small retail stores do when they use QB at the cash register...

Is that more like you were thinking about?

If not what? Just wondering.

Will

That's the simplest way; I would have suggested it, too.

On the Mac, it wouldn't allow me to apply it to the Royalty account. I am not sure why. It is listed as an income account.

~~~~~~~~~~~~ Jefferis Peterson, Pres. Web Design and Marketing

Use "Make Deposits" (under the Banking menu) instead of "Receive Payments" under the Customer menu. The latter transaction type is reserved for payments received against invoices.

Thanks Thomas!

~~~~~~~~~~~~ Jefferis Peterson, Pres. Web Design and Marketing