Good afternoon, @EBFinancials.
My short time spent studying Accounting was as much a gift as it was a curse when it came to learning QuickBooks. The idea of a transaction which straddled two fiscal periods has always complexed me and my limited understanding of an Income Statement. Thankfully, the Community is here for just these sort of inquiries.
I stumbled onto an old discussion between @Rustler and @john-pero about this very topic. Do either of you gentlemen have any insight to provide here?
Looking forward to hearing your thoughts on the matter!
