This is the second article in a series on setting
up and using QuickBooks Pro (QBP). In the
first article (see "Setting Up QuickBooks Pro
for Construction," 9/97), I described the
step-by-step procedure for setting up the software
using either Items or Classes, and offered suggestions
on how to organize job costs into phases that match
your estimating categories. In this article, I'll show
you how to enter expenses and deposits.
QBP can perform both cash- and accrual-based
accounting. Accrual accounting requires you to
record expenses when they are incurred, whether or
not you've paid them yet; you must also record
income when the statement is sent, whether or not
you've been paid. Cash