Hello! Need to set up a company in QB for LLC, Cash accounting, international sail yacht refit project that most likely will not be done by the tax year-end. Equipment will be purchased in advance, so might need to be recorded in WIP, my guess? If any funds left at the end of the year unused, means for the next year work- were to record so it is not considered an income to owners for 2018? All those questions from owners and I want to get a proper presentation on financials. One more- yacht is under custom, temporary in country for refit- how properly to record sales tax for equipment installed and labor/service? Please help to properly set up a COA. Thanks much.
USA COA for LLC
- Thread starter elle414
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