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Hi I really need some help with my reconciling. The last 2 months I have reconciled my credit card and they have both had a difference of £88.86 but I have checked and double checked all of the transactions on bank statement, checked the credit card register and still cannot find this amount anywhere. My accountant told me to just put it down as a expense discrepancy , which I did and it went to zero, but when i went to do the next month the amount was there again so I did the same again. I am now trying to do the next month and it is there again !!!!! The details at the top of the screen regarding the amounts is correct, the transactions amount, the payments amount and how many transactions are all correct, also the start and ending balance are correct. Please please help !!!!
HiI have a longstanding client who, because of the new IR Off payroll roll, is now having to deduct tax and NI at source so that for a £1200 invoice (£1,000 + VAT) we are now being paid a total of £975.60.Miraculously Quickbooks seems to be allowing me to 'match' this new amount of £975.60 payment with the £1200 invoice without my having to make any adjustments. (Normally if there is a discrepancy between the amount on an invoice and the related payment, Quickbooks alerts me to the 'difference', but in this case QB isn't highlighting a difference). Does anyone know if this is really as seamless as it seems?ie. will Quickbooks (and hence eventually HMRC) automatically know that we have already paid tax on this invoice and adjust all relevant calcs accordingly?(I am not financially minded so please feel free to talk in very basic terminology!!)THANK YOU!Claudia
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I am trying to categorise a banking transaction. It's an expense which has three different VAT codes in it. I am trying to split them but I get the error 'Something's not quite right. Please choose a VAT for all the lines with amount.' I have selected the VAT code for each line. I don't know what I'm missing.
HiCould someone please help me with a credit card reconciliation problem !I am trying to reconcile for the end of the month and it keeps showing i have a difference of £88.00, but i have checked and double checked all of the transaction to the credit card statement and also through account history in chart of accounts but i cant find where this amount has come from and no transactions of that amount, but i did notice if i uncheck all the transactions i know i do have, then this amount shows, also when i reconcilled last months there was £00.00 difference. Please help as this is driving me crazy
Hione of my clients paid an invoice but omitted the vat element. they have now paid the vat owed so i have two records to match to one invoice. how do i do this please ?thanks
Regarding matching bank deposits to invoices when the bank screwed up the amount. We deposited $5,353.23 worth of checks, but the bank accidentally typed in $5,355.73 ($2.50 extra). Then they later created a separate transaction to withdraw that extra $2.50 from the account.My question is as follows:In the Banking - For Review section: when we try to "Find Match" for that deposit (showing for the $5,355.73 amount),I can match everything to the correct invoices, however, there is $2.50 left over that I can't match to an invoice because of the Bank's error. Therefore, the "Selected Transactions" total does not match the "Downloaded transaction" total. There remains a difference of $2.50. How do I get that leftover $2.50 to link to the other $2.50 charge/transaction the bank made to correct their error in this deposit? It is only letting me "Match" to other invoices, not to another bank transaction. How am I supposed to match this or reconcile it in QuickBook
