John_M

Thanks so much.  Yes.  I ended up doing the same as you have suggested.  I was used to using Quickbooks so I have had to come up with work arounds so that I can still do the same kind of tasks. eg.  inventory, working with cash payments made that I need to deposit etc.

Hi.  How does anyone know how I change which of my multiple businesses are the primary business?

Thanks.

Hi.  My business bank account has accrued interest.  Can anyone advise me of how to show this accrual within Express Accounts?

Thanks.

Thank you.  I have worked out that what I see is normal.  Express accounts obviously works as an accrual basis (invoice is the income) and not as a cash basis (actual payment is the income).

Hi.  I am new to setting up my business through Express Accounts having just moved from Quickbooks (an old version).  When I create my own or use the default chart of accounts, I find the same problem.  I set up a customer and create an invoice for them.  Within the invoice I created an item for "Tuition Fees".  When I go back into the Chart Of Accounts, everything looks good.  Under journal, the general sales account shows a credit and the accounts receivable shows a debit for the same amount.   This is exactly what I expected however, if I look at the income statement, it declares the unpaid invoice amount as total income as well as net profit.  Why is this?  Even if I input the customer as having made a partial payment, the income statement still declares the whole invoiced amount as total income.  I would expect to see it as an Asset but surely not all income.  Any suggestions?