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QBO Subscriptions

  • Member PM.Dip
  • Practice Licence
  • 9 posts
  • # 117435

Hi 

just trying to gauge some opinions really for this one.

 

i have taken out the 10 for 10 deal with QBO, however I am using Xero for my own accounts and I was wondering how to post the invoice and I was hooding somebody could point me the right direction? 

I think I may have got myself confused with all the discounts named.

Thnaks, Tony 



Edited at 10 Jan 2019 07:53 PM GMT

  • Member PM.Dip
  • Practice Licence
  • 36 posts
  • # 117436

Hi Tony,

Congrats again on obtaining your practice licence!! Laughing

I too have purchased the subscriptions and have created a nominal code for software and subscriptions and just post the full invoice amount there.

Hope this helps!

Kind Regards,

Jaye



Edited at 11 Jan 2019 10:53 AM GMT

  • Member PM.Dip
  • Practice Licence
  • 9 posts
  • # 117437

Thanks Jaye, 

That was my thinking,

At the moment I have put it under costs of sales, although I am going to have to add an account code just for this one I think and any other which may need to use. I really neet to set up my own chart of accounts Wink 

 

Thanks again 

  • Fellow PM.Dip
  • Practice Licence
  • 400 posts
  • # 117454

Hi Tony

 

I post under COS as I sell it onto my clients. Software and subscriptions I use for my practices software that I use but dont sell on as this is an expense to the business.

 

Regards

 

Liz

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