Because retainers are not income. They are a liability until the service has been rendered.I have tried to book the retainer to the liability account, but Quick...
I have never understood why QuickBooks insists on doing retainers this way. Its a pain.The way we have learned to do this:1. When a retainer has been received, ...
If I use an income account when receiving the retainer, then it will recognize the retainer as income. It's not. It's a liability until we have performed the wo...
Thanks for the clarification on the "create a sales receipt". That made no sense to me.So., to get the cash income statement to be correct, it sounds like I nee...