When I receive and enter a payment for an invoice it goes to undeposited accounts. When using the Payments to Deposit window the deposits show up in my register but I am then unable to assign them to an individual income account. This is making my profit and loss reports incorrect. How do I assign my deposits to income accounts?
The income accounts come directly from however you have it classified on your invoice. If you need income broken down then you need to create items for each type of income that you are invoicing for. Then on your invoice you would enter a separate line for each income item. Then when payment is received the correct incomes will be reported on your P/L based on how you broke them up on your invoice.
-Huntingtax Accounting
"QuickBooks Training in Mesa, AZ"
