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Using Services with CIS
HI all, Hope your keeping well and safe
I am setting up CIS and noted that Income and Expense accounts are created specifically for it.
Does that Mean I can not now use income accounts to track different sales that I make (below)?
I already have 'Services' (that I sell) setup so that they post to different Chart of accounts Income accounts i.e. a Service named 'Mechanical' that posts to a 'Mechanical Contracting' Income account then a service named 'Electrical' that posts to a 'Electrical Contracting' Income account because I want to see the sales for each separately in my Profit and Loss report.
And similarly with different discipline sub contractors in COG's accounts.
Can I no longer use this if I use CIS? i.e. Do all CIS Sales and COG's go to these new CIS accounts?
Any help would be appreciated or pointing in the right directions for resources to learn. The QBO CIS learning resources are short in detail.
Thank you
Solved! Go to Solution.