About Rainflurry

Level 13

Latest badges earned

Member profile

About Rainflurry

MS in Accounting. Corporate controller for almost two decades. Founder and seller of 5 businesses.

Replies
Posts

Re: Cash Basis Accounting - invoicing work spanning 2 fiscal years

@crhambrick"I still have $20,000 on the invoice that I have to deal with that of course cannot be considered 2024 revenue."Why do still have to deal with that i...

Rainflurry

Updated Apr 25, 2024
Re: Cash Basis Accounting - invoicing work spanning 2 fiscal years

@crhambrickCan you explain more about what you're trying to do? You're on cash basis so you need to recognize the income in Year 1 when the payment is received....

Rainflurry

2

Updated Apr 25, 2024
Re: MOVING INVENTORY ITEMS TO COGS

@NEEDGUIDANCECreate a $0 invoice for the items you want to move from inventory to COGS. That will allow you to assign a project to the invoice. It will also rem...

Rainflurry

Updated Apr 25, 2024
Re: When entering bills in QB Online the only option it to enter tot...

@jbkdistributors-"My vendor bills look like this:500 Boxes @ 24.95200 Boxes @ 22.95350 Boxes @ 28.00"The way to enter the formula for 500 boxes@ 24.95 is 500*24...

Rainflurry

Updated Apr 24, 2024
Re: When entering bills in QB Online the only option it to enter tot...

@UnimpressedwithIntu1t "So historically when entering these bills, I enter the one with the most line items LAST. This is because I won't have to total up 30 or...

Rainflurry

Updated Apr 24, 2024

Membership stats

Quick links

Need to get in touch?