How to process unpaid billable expenses when migrating from Quickbooks

[Bizman]

@Patch

Basing your accounting on earlier information gives a more up to date assessment.
However for it to be more representative, you need to consistently enter information earlier across your business. Entering some parts earlier and others only when money comes into / out of your bank account my not give you a more accurate overview of your business financial status.

I think I follow. It’s pretty clear to me that you have to choose a method and stick to it. As for timely entries, I’m not the greatest with that. I usually lag for a few days and then catch up all at once. Quickbooks made it pretty easy for me to enter transactions in a timely manner since my automatic bank feed was activated. QB also made it easy to accidentally duplicate entries.