Do unpaid quarterly projects roll over to next quarter?
I have an unpaid quarterly projection for Q3 on quickbooks. Instead of paying through quickbooks, I went directly through EFTPS. My Q4 projection is now SIGNIFICANTLY higher than the previous quarters, almost double. Does quickbooks account for “unpaid” quarters and roll them over to the next quarterly projection?
You've come to the right place. I'm here with some insight to provide on your question regarding your quarterly projections.
Yes, you are correct, we do account unpaid projections and carry them over to the next quarterly projection. However, we're not technically adding them to your fourth quarter projections.
To put it simply, they'll remain open up until you've recorded the complete payment to settle it. Since you've mentioned that you already paid for this through EFTPS, let's go ahead and record it to correct your records.