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Work on Our Own Vehicles - Suggestion for Accounting?

Work on Our Own Vehicles - Suggestion for Accounting?

Postby peacevans » Sun Oct 29, 2017 12:58 pm

We do a lot of work on vehicles we own as R&D - new motors, modded suspension, etc. We keep accurate ROs, but need to start closing them out.
I think the process is to keep actual costs and discount it all down by 100%. But. I'd like this to show up in Quickbooks as a R&D expenses vs. income. Is there a way to do that or should it be done manually within QB on the backend?

Thanks
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Re: Work on Our Own Vehicles - Suggestion for Accounting?

Postby Pauls Automotive » Mon Oct 30, 2017 3:45 am

I could be wrong of just don't see the way to do it in mitchell but definitely it would have to be done in the back end in QB
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