Hi Cameron. We see you're venturing into webinars - that's exciting. We understand you want to keep your books organized as you add this new revenue stream.
Let's say you're selling your tickets at $100 each. That's potentially $6000 in revenue (for 60 tickets) per webinar every two weeks. In order to handle these webinar ticket sales, first, let's create a dedicated income account for them:
For QuickBooks Desktop for Windows:
- Start by clicking on Lists menu, then look for Chart of Accounts.
- Look for the Account drop-down arrow, and click New. (You can put 'Webinar Revenue' or 'Training Income' for account name.)
- Select Income for Account type, then 'Training & Education Income' for Detail type and hit Continue. (Alternatively for Detail type, options could be Sales of Product Income (if you're including materials) or Other Service/Fee Income (if you prefer a more general category))
- Complete the account details.
- When you're done, just click Save & Close.
After doing it, you can now create sales receipt for your 60 tickets but make sure to categorize them under an existing item or create a new one.
If you offer other training/consulting: you can put 'Webinar' for item name, 'Service' for item type, and 'Your Webinar Topic/Title' for the Description.
If you primarily sell computer support: you can put 'Remote Consulting - Webinar' for item name, 'Service' for item type, and 'Your Webinar Topic/Title' for the Description.
For more generic category: you can put 'Training/Webinar' for item name, 'Service' for item type, and 'Your Webinar Topic/Title' for the Description.
Moreover, for more accurate accounting of your webinar income, you can always consult a professional accountant.
Additionally, we've got you some informative articles to assist you in adding a new chart of accounts or generating sales receipts in QuickBooks Desktop:
Need to clarify anything? Just let us know. We're glad to help you.
