Construction Trust Accounts QuickBooks® Desktop *Cancelled*

Description

• Setting up a liability account in QuickBooks® to track the retainer from each separate client/project • Receiving a retainer-deposit from each client/project through a Sales Receipt • Paying client/project expenses using the retainer-deposit, detailing, direct and indirect costs with supporting documentation • Using the retainer-deposit received by turning it into a credit on an invoice and receive it like a payment • Running a report to verify what the balance is for each client/project on all your trust accounts