QuickBooks Products Use the Right Income Account
Hi there,
Products sent to QuickBooks Online now land in the correct income account, keeping your rental and sales revenue properly separated.
What's New:
• Rental products use your Rental income account, and sale products use your Sale income account.
• If one of those accounts is not set, the default income account is used instead.
• The same rule applies when a product is first created in QuickBooks and when an invoice sync updates it.
• Updating a product's income account no longer rewrites the account on past QuickBooks transactions, so closed periods stay unchanged.
How It Works:
• Your income account choices from the QuickBooks settings page are applied automatically during sync.
• No action is needed; your next invoice sync uses the corrected accounts.
Benefits:
• Accurate rental vs. sales revenue in your QuickBooks reports.
• Historical transactions stay exactly as you booked them.
• Less clean-up work for your accountant.
If you have any questions, please reach out to our team through the chat or by emailing [email protected].