We need somewhere to bill out items that are neither service or projects. Some examples: We bill out: Rent, administration services to other companies, we have also have inter-companies that I bill phones, office supplies, wages, benefits etc. These do not fall under the service or project departments and we don't want these "revenues" to positively or negatively impact any reports. If you aren't going to off a misc A/R billing area then I'm open to suggestions that will actually work.
by: Michelle P. | over a year ago | Accounts Receivable
Comments
We do the same and just use a job starting with 999. We've setup separate GL accounts for the income also which is recommended if you're cross-referencing between the companies.
If you are collecting Rent, you should be setting that up as a client and a job and billing it as rental income. The recurring receivables is a great tool for this