mrselise
03-27-2002, 12:47 PM
My first questions is this- we recieved payment on an invoice and I deposited the check -2000.00 which we will use for the "Cash on Hand" account. How do I show that I did this? I went into the reciepts and made one out for the customor but it was for the full amount of the check, I was unable to brake it down.
My second question is we are a general contracting business. Most of the payments we recieve are all from one invoice, since the homeowner pays in stages. I have the payments go into the "work in progress" A/R account. But when the job is complete and we will have recieved all our payments how do I convert it then from "work in Progress" to the "Residental Sales"? Or do I even need to to that??
Thanks,
Elise
My second question is we are a general contracting business. Most of the payments we recieve are all from one invoice, since the homeowner pays in stages. I have the payments go into the "work in progress" A/R account. But when the job is complete and we will have recieved all our payments how do I convert it then from "work in Progress" to the "Residental Sales"? Or do I even need to to that??
Thanks,
Elise