Department Income Statement

SUGGESTED

is there any way to set up income accounts to a specific department so the revenue shows on the department income statement

Parents Reply Children
  • 0 in reply to stanleycon
    SUGGESTED

    Once you have transactions on an account, you can't add subaccounts to an account until you do a fiscal year close.

    So if you want to record revenue to departments in the current year, you will need to create a new income account and assign department subaccounts to it before you enter any transactions.

    Then, if you want, you could create monthly journal entries to move your previous income for this year into your new income account.

    That is what I did.  Years ago, when we started using Sage 100 Contractor, our default income account was 4000.  But I wanted to add subaccounts mid-year, so my default income account has moved to 4030.

  • 0 in reply to Richie

    Thank you.  This should work.