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Manage Suppliers and Expenses for

Manage Suppliers and Expenses for

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2274 Topics
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benicasim88
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converting an asset into a receivable

Hello! I am a little confused with a new project we have so hopefully you guys can help me.I have a new project for a new building. Last fiscal year I was paying this new project from my operations account so at the end of the fiscal year the book looked like I lost funds. I just created a new subscription with quickbooks so this project is completely separate from the operations and I would like to reclassify those expenses as receivable so the book show that the "project" owes the operating account and also set a payable on the "new project" subscription for all the money spent. Would anyone know how to do this? (I am subscribed to quickbooks online plus so I think I have to do one expense by one but that's not a problem, I just don't know how to do it) thank you in advance!!    

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