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QuickBooks Journal Entries

83 bytes added, 17:13, 5 September 2013
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The following steps only need to be performed once.
# In QuickBooks, open the '''Chart of Accounts''', create an a new account, set the type to '''Other Current Liability''' type account, and name it '''Advance Customer Payments''' or something similar.<br>[[File:Advance Customer Payments Account.png]] # In Fishbowl, open the [[Accounting]] module and , click the checkbox to import '''Accounts''', and then click the '''Import''' button to the left of the checkboxes.<br>[[File:Import Accounts from QuickBooks.png]]# In Fishbowl , open the [[Part]] module, click the {{Button|New}}, enter '''Prepayment''' or something similar in the '''Number''' field, select '''Service''' as the '''Type''', and then click '''Next'''.{{Vertical Spacer}}[[File:Create Prepayment Part.png]]
# On step 3, click '''Sell this part as''' to create a corresponding product and then finish the wizard.<br>[[File:Create Prepayment Product.png]]
# On the '''Accounts''' tab of the newly created part, map both the '''Expense''' and '''COGS''' accounts to the same '''Service''' account in QuickBooks.<br>[[File:Map Prepayment Part Accounts.png]]

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