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How do we segregate the annual subscription charges to monthly in quick book invoice?

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Question added by Khaliq Raza MBA MS CFE AFA , Finance Manager , Vertex Trading
Date Posted: 2016/04/26
Joyce Chamas
by Joyce Chamas , Part-Time Professor , Algonquin College

Hello, this question has nothing to do with segregated funds. It is an accounting question.

Thanks,

Joyce

Faizan Ul Haq
by Faizan Ul Haq , Accountant , Bahawalpur Cancer Society (Inside BINO Hospital Bahawalpur)

If in charts of account there is separate account is made, then there will separate representation of both items.

Moazam Tariq
by Moazam Tariq , Manager Finance , Eastern Drilling Services (Private) limited

It depends on the chart of account created for the company.

If there are separte accounts being created in the chart for annual and monthly subscription charges, both can be represented as separate line items.

If no segregation exists, they can still be shown separately in the invoice by adding them separately and writing in the memo line for the details.

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