Did you receive the same email as Jason asking you to prepare for GST InvoiceNow? Like Jason, you may wonder what InvoiceNow is and how you must prepare.

A deferred income is a current liability on the balance sheet. It remains unearned until goods and services are fulfilled and recognised in the sales revenue account.

You do not need a lengthy paragraph explaining why you pay or receive; you need concise information of what and where to explain the why.

Are advance payment, deposit, and prepayment any different?

QuickBooks Online does not have a salesperson field by default; however, you can create one.

Instead of having a job feature like QuickBooks Desktop, QuickBooks Online uses projects and sub-customers. Are they the same?