Tag: income accounts
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In Chart of Accounts I do not see any that’s fit for R&D. Which account detail type do I enter our R&D expenses in new QuickBooks Online?
It requires that R&D generally be expensed as incurred now. So, in QBO, it should be considered an Overhead Expense, not a Direct Cost or COGS. How to set up R&D as Overhead (O/H) in QuickBooks Online? Figure out the main primary operating costs for R&D and categorize expense types. In the QBO Chart of…