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May 17, 2022
Question

My GIC matured. I have it set up as a GIC Savings account. It shows up in my sales/revenue number for the year. How do I make sure it doesn't appears as revenue?

  • May 17, 2022
  • 1 reply
  • 1 view
Can I record my GIC Savings account in a way it does not appear as income, or revenue? 

1 reply

Level 6
May 17, 2022

Hello lessman67, 

 

Welcome to the QuickBooks Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.

 

Making sure you're recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here

 

I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back.