I’m a little confused about how to get monies received showing in the correct income accounts.
At the moment, I’m tracking time with Billable Time (love it!), and then issuing invoices from there. This all works fine. When a client pays, I’m receiving the money, but have to do it into the ‘Fees from work in progress’ account. If I put it into the income accounts I’d like to use (for the different services I provide) — via editing the Sales Invoices directly (editing the ‘Account’ item for each line entry) then all the items under ‘Billable Time’ no longer show up as having been invoiced. And sometimes the invoices then show as being Unpaid.
Also, if I edit the individual Billable Time entries to say that their status is ‘Invoiced’ — it does provide me with the correct invoice to link them to, but then it doesn’t change anything in the main Billable Time screen, and they still come up as being ‘Uninvoiced’.
So, now I have all these ‘Fees from work in progress’ (and they are fees from work that has been completed) — but I can’t separate this income into the appropriate categories within my income accounts, without the invoices then showing up as unpaid.
I’m also a bit confused that both paid and unpaid entries are showing up under the ‘Fees for work in progress’ tab within my Account Summary.
Is there any way around this? Am I doing anything wrong?