Banking
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Error 350 - What is this ?
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Just read this on my HSBC business account, am I going to lose my bank feeds. "The HSBC BIB Manage Bank Feeds service for business UK accounts with Intuit QuickBooks is being discontinued on 1 August 2021. Intuit QuickBooks will contact customers who are connected to this service with the process for updating account connections to use Open Banking, where available.If you haven't terminated your HSBC direct bank feed to Intuit QuickBooks before 31 July 2021 we'll automatically terminate the feed on 1 August 2021."
Anyone else getting repeated Error 355 on banking feeds? QBO banking is completely unusable.
Hello folks I've been doing some consulting work recently and it's nice to see money coming in. Just before the FY end, my accountant ran payroll and issued dividends so that my wife and I could draw some of the funds out of the company as income. We are both directors of the company BTW. So now there is cash in the bank, I'd like to allocate the nett salary and dividend figures to the Directors loan account, so that I can draw the income from that account as and when we want it and the relevant transactions are nice and clear. Does this make sense? What Journal entries do I need to make: -a) When crediting the nett salary and dividend figures to the Directors' Loan account andb) When drawing cash from the company's bank account, debiting the Directors' Loan account accordingly Finally, am I over-complicating things? Thanks in anticipation!Jez
I am using the app. I'm a sole trader and will have a low income.
Hi, (Using Quickbooks Online)I have been promoted to reconnect my bank and have done it wrong. (Quickbooks call back doesn't seem to be working!) When I reconnected my bank it didn't offer me 'Current account' as one of the options on the dropdown menu. So I used 'accounts receivable' which was clearly a mistake as I now have a 'current account' account with transactions up to the 30/07/2021 and an 'accounts receivable' account with transactions from the 01/08/2021. How do I undo this and get these transactions back into the current account? And any thoughts on my the dropdown menu didn't offer me current account? (My other two accounts that I needed to relink - a prepay and a reserve account - named by me in the past) were both there and have relinked. Many thanks in advance!Kate
Hi. Is anyone else experiencing issues with the open banking bank feed coming from Starling? It seems like it's currently only importing the secondary data for each transaction (like reference etc). The more important Payee data is completely ignored :-/
I need phone help
The bank recommended us to choose an accounting system prepared/ready to use ISO20022 XML standard, which is the joint European format standard used between banks today. They said that all developments within formats are moving towards XML because all European banks can receive and accept files in XML. What you think, does Quickbooks supports this standard well? It is not sure if our bank is supported and automatic bank feed is not possible. Therefore, we would like to know if we can still import bank statements manually using ISO20022 XML standard. Does anyone have a experience of that?
Can anyone help... So clients pay into a separate bank account and I transfer that to my personal to pay bills. Should I just link up my main personal one or do I need to connect both? As I am transferring the money over, I don't know if that is going to mess things up.
