is there any way to set up income accounts to a specific department so the revenue shows on the department income statement
is there any way to set up income accounts to a specific department so the revenue shows on the department income statement
Income accounts don't have the option to set up subsidiary accounts. It is grayed out. That is a good thought. I will contact Sage help to see if that field can be opened up.
Once you have transactions on an account, you can't add subaccounts to an account until you do a fiscal year close.
So if you want to record revenue to departments in the current year, you will need to create a new income account and assign department subaccounts to it before you enter any transactions.
Then, if you want, you could create monthly journal entries to move your previous income for this year into your new income account.
That is what I did. Years ago, when we started using Sage 100 Contractor, our default income account was 4000. But I wanted to add subaccounts mid-year, so my default income account has moved to 4030.
Thank you. This should work.
*Community Hub is the new name for Sage City