- Knowledge Base
- QuickBooks
Which information goes into the accounts that we select in AdvancePro for QuickBooks export?
Invoices: Invoices that are exported by AdvancePro only contain a reference to an Accounts Receivable account. This is a record of money owed to a business, that is, invoices for which a business has not received payment.
Products: All Products that AdvancePro adds to QuickBooks contain references to three different accounts: An Income Account: QuickBooks uses this account to track the income you earn from sales of this item. A COGS Account: QuickBooks uses this account to track how much you paid for goods and materials held in inventory that you eventually sold; and Asset Account: Refers to the account QuickBooks uses to track the current value of the company`s inventory.