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Good evening, I seem unable to find an answer to this question elsewhere in the community so apologies if it has been asked and answered before. I have connected all of my banking transactions and it has pulled through almost all of the data since we have been trading. The big question is do I have to manually create every expense and then match the banking transactions to this. Or can I just use the "add" feature to create the expenses which match with the transactions? I have manually gone through and created the invoices so I can match the incoming payments to these but for the outgoing payments we have made can I just use add or should I create the expenses and then match the transactions to them? From what I can tell it has the same end result but the software is still new to me and I would rather get it right first time round. I am almost at a point of creating and matching as I know this will definitely work but obviously it would save me a lot of time i
It has been linked to QuickBooks in the past but is now not wanting to allow access. I am unsure if this is because yorkshire bank is in the process of changing to Virgin bank.
I have entered payments from the bank account for travel and owner's drawings and I used the No Vat code. I see this says it will not appear on the vat return but they are showing up as No Vat(Purchases) with a 0% rate. They are not purchases and also do not come into the 0% rate category so what do I need to do to keep them off the vat return
My partner started a security company just over a year and a half a go and this month we have started to use Quickbooks to start tracking expenses/sales etc. Even though the company was started a year a go, he had not started trading, however he invested money to start it. He has only just opened a business bank account, however all previous investments/purchases have been made over the past year using his personal account which is therefore mixed in with all of his personal outgoings. My first question is, how do I record expenses that have been made using his personal account? (this is not connected to Quickbooks, nor will it be reconciled) My second query is, the business bank account does not allow £1000 cash deposits. He had a cash sale of £1000, which he deposited into his personal account and is going to transfer to the business account. What is the correct way of showing this on Quickbooks? Thanks,Chloe
I just set up a new company in Quickbooks 2016 to start the year off with a clean account. In the file I am currently using there is an option on my sales receipt for "Deposit To" that is not on the sales receipt for the newly created company. I am a small 1 man operation and 99% of my revenue comes in via PayPal so I want to just create the sales receipt to generate the receipt to include in the customer shipment and have it write an entry to the PayPal account ledger in one step. How do I add the "Deposit To" drop down on the Sales Receipt?
