Wait, wait, are we talking about the same thing?
While I have 4 streams (domestic and foreign billable time, and domestic and foreign fixed price) I only need (or rather, it is required) to report them on two accounts (or possibly two account groups (domestic income and foreign income).
So for example if I make an invoice with two items as below:
and assuming I rename the “Billable - time invoiced” account to something like “Foreign income” – at least this is what I thought you were suggesting in previous posts – then I can have an account that represents my foreign income on the PL statement. Then, I can create another account for domestic income and after I generate another invoice from billable time I just change the account so that this money goes to “Domestic income”, like so:
Did I got this right so far?
However, it seems to me that this set up (again, if I misunderstood your suggestions I apologize) result in a misrepresentation on the billable time asset account as it shows that I have written-off the billable time that I moved away from the Billable time account, and written-on non-billable time on it:
Now, I’m not sure if this is a big issue or not. The account is balanced to 0 but, this is what I meant when I said ‘using the feature for something that it wasn’t designed for’. Maybe someone doing an audit will say why so many billable time write-offs etc. I don’t know, it just doesn’t seem right.