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Get 50% OFF QuickBooks for 3 months*
Buy nowPlease add my vote in for statistical accounts in QB!
I use two kinds of statistical accounts:
--Volume accounts: Act like revenue and expense accounts that accumulate via transactions over the month and clear out at the end of the month.
-- Balance accounts: Act like balance sheet accounts that are measured at a point in time like month end.
Transactions (whether expenses or sales or journal entries) can book to both money and statistical accounts. Examples: booking hours worked AND billings or Inventory units AND cost.
Waiting with breathless antici...pation!
Johnpc58