I held an event where we hired staff, there were entry fees and winnings paid. How would I log that all in QuickBooks?
It was other people who won. So we put on an event with the company where people came and competed, while paying entry fees, and in the end those that won were paid out. All winnings were paid by the company. I guess what I am asking is how would I log this event, with the paid contract labor, people who paid entries, and people who won money back?
I appreciate you for coming back to QuickBooks Community to add clarification and detailed information about your concern. I'll help sort this out and provide the necessary steps, so you're able to record transactions in QuickBooks Online.
You can enter those entries by recording a Check in the QuickBooks system. This ensures your accounts are up-to-date and all of your business transactions are accounted for.
Select the New button.
Choose the Payee from the drop-down.
From the Bank account drop-down, select the account the check withdraws money from.