I set up the items for my company incorrectly and I am trying to fix it. I've just recently started using QB:Premiere Contractor's Edition 2018 (desktop) but I have quite a number of transactions in it that would be a total headache to have to start over from scratch on.
What I did wrong: I made all of the items in my item list so that they booked to a single account.
What I should have done: After some online research, I realize that I should have set the items up so that they book into a " Construction In Progress" account in order for them to show up as a fixed asset while the project is under construction. I should have checked the "This Service is Used in Assemblies..." box and designated the CIP account.
What I am trying to do: So I am trying to go back into each item and check the "This Service is Used in Assemblies..." box and designate a CIP account. When I do this QB asks me if I want to do this change for past transactions. I would like to have it done for past transactions so I click "yes". It does indeed move the transactions into the CIP account and I can see them in the ledger but the problem is that when I go and look at a job profitability report for the purchases under that item they no longer show up for that customer/job. I've checked the transaction and the "Customer:Job" is still properly filled in. It does show that there is a split on the transaction when I look at it in the CIP account leger.
Does anyone have an idea of why the transaction is disappearing from my job profitability report? Please let me know if I need to clarify anything.
Thank you!!!
