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Irene R
QuickBooks Team

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Hi there, Kathy. 

 

I appreciate you coming back and asking us about further concerns in the Community. Allow me to share details about handling existing revenue recognition invoices in QuickBooks Online (QBO).

 

When using QBO, you can have detailed tracking by creating separate items from different terms, and liability accounts. Furthermore, if you want it consolidated, you can do that with one item and accounts. 

 

I highly recommend consulting your accountant regarding this matter to obtain more detailed guidance.

 

I'll be able to help you locate an accountant if you don't have one. If you're looking for an accountant for your business, visit this page: Find a QuickBooks ProAdvisor.

 

Moreover, you can read more about revenues in QBO in this article: Set up a revenue recognition schedule in QuickBooks Online.

 

Feel free to comment below if you have additional questions about the QBO revenues feature. I'll be here to assist you at any time. Have a great day ahead!

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