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QuickBooks Journal Entries

3 bytes added, 20:28, 24 November 2014
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# In QuickBooks, open the '''Chart of Accounts''', create a new account, set the type to '''Other Current Liability''', and name it '''Advance Customer Payments''' or something similar.<br>[[File:Advance Customer Payments Account.png]]
# In Fishbowl, open the {{Module|Accounting}}, 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 {{Module|Part}}, click the {{Button|New}}, enter '''Prepayment''' or something similar in the '''Number''' field, and select '''Service''' as the '''Type'''. Create a corresponding product and then click '''Next'''.{{Vertical Spacer}}[[File:Create Prepayment Part.png]]
# On the '''Default Accounts''' step of the wizard, map both the '''Expense''' and '''COGS''' accounts to the same '''Service''' account. Map the '''Income Account''' to the newly created '''Advance Customer Payments''' account.<br>[[File:Map Prepayment Part Accounts.png]]

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