Banking
Recently active
I cant use a negative amount on QBO like you could in desktop version on a split. Sometimes I want one amount in one Expense account and then a negative amount in a second account to arrive at the net amount for a check or deposit. Example is a Square deposit to the bank that has fees deducted from it. I want to show the whole deposit to give customer credit in receive payments, but record the fees charged in the deposit screen to reduce amount rec'd by the bank. Same for writing a check. If I am refunding a customer for a deposit paid but I am not giving them back the whole amount I want to charge the difference to an income account or expense account (credit)
i have online qb and a rule that i want to match for the following transaction description "ORIG CO NAME:WATER EPAYS REOC ORIG ID:99999 DESC DATE: CO ENTRY DESCR:DWU WEB SEC:WEB TRACE#:222222 EED:11111 IND ID:000100777888" I tried a "contains" rule with text "ID:000100777888" or with text ("ID:XXXXXXX7888" <= the exact text that qb shows me not the original bank desc as well with just "7888". All three tests do not work. Any idea what I am doing wrong.
Original commenter did not share additional details
Using QBO Advanced.In Banking screen to review/match/add bank entries.I select bank Account to work withI have one Undeposited Funds account. (This gets debited from daily sales journal for cash received)The synced entry from the bank is the cash deposit into the bank account which shows as received.I now categorize (with a rule), that allocation is to Undeposited Funds.On ADD the entry I get error message "select a bank account for this deposit" - I am already reviewing synced bank entries?Anyone that can advise on this error message. Will greatly appreciate.
I am using Desktop Mac 2021 Version 20.0.12 R13.2 I am trying o reconcile a bank statement with a beginning balance of $2,492.23 and an ending balance of $2,653.17. When I enter the ending balance and click "Go" I see that the "Cleared Balance" field is filled in with the "Beginning Balance" amount. I tried to reconcile anyway, thinking that the end result would be a discrepancy equal to the beginning balance and that I could enter an adjustment. (Yes, I know that's not preferred, but . . .) Instead, after clearing the credits and debits I see a discrepancy of $2967.84 What's going on? How can I correct the problem?
I am moving my files from Enterprise to Online and there is no option to export to Online like they say. So how do I do this?
Implementing new website and I know QB online already is pulling info from our linked bank account. But wanting to import the sale, discount and refund transactions need to be imported from MC Professional website into QB Online. The article states that this importer app is still needed but wanting to confirm as it's an additional cost.
I just started using QB and have not signed up for Online Banking until I become more familiar with the product. I need to know how I can enter credit card interest charges so I can reconcile my credit card.
Got an email that I should be able to connect my AMEX Business Checking account to QBO Banking... I was able to link my AMEX CC but NOT my Business Checking - I keep getting an error "We're SorryYour selected American Express account(s) information cannot be made available to Intuit at this time. For more information, please call the number on the back of your Card.Click RETURN to go back to Intuit, where you will be governed by and subject to their commercial, privacy and security policies and practices." Anyone else having this issue?
The owner of this company would like to remove a bank account from her list of accounts. The account has a balance in it. Should I do a JE from cash to Owners Equity and make the account inactive?
Our three existing bank accounts - with transactions downloaded and categorized over the past three years - have suddenly disappeared. They are not in Chart of Accounts or banking app. The bank rec history only shows the last three reports of the most current one, and it is described as deleted. The audit report shows that this occurred at 4:46pm today, in between two actions in a journal entry (editing the JE and added an A/R account). The other two bank accounts are ones that were closed at the bank a few months ago, so bank feeds are were no longer active. There were several years of transactions that had been downloaded and categorized. It's a mystery how three bank accounts with all their transactions could suddenly be deleted (unknowingly, unintentionally) when doing something completely unrelated in QBO. Does QuickBooks have any kind of backup in the cloud that could restore our company records as they were, say, yesterday?
Added Quickbooks payroll to my QB online. Frustratingly, QB is making me verify the very same bank accounts I use for QB for QB payroll. Fine, but it never makes the two deposits in my account, so I can't verify the deposits and am having to do the payroll manually.
I use QB Desktop. We recently opened an automated investment sweep with our existing banks checking account.I did not see any articles or help topics on sweep accounts. I am looking for an overview of how to set up my chart of accounts and debit/credit/transfer funds within those charts in order to account for the sweep transactions as well as the checking account transactions. Ex: Sweep credits, what acct type and what postings, Sweep debits, what acct type and postings?Is there a standard setup in bookkeeping for sweep accounts? I am unable to get my checking account to reconcile because of the newly added sweep transactions which are included within my checking account statement figures. Thank you.
Mac
Hi,I don't understand why the ending and cleared balances don't match. The beginning month balance in QB matches the bank statement. There are four deposits in both QB and the bank statement and the totals match. There are four debits in both QB and the bank statement and the totals match. The bank balance matches QB cleared balance. The ending balance is $60 higher. I don't understand where the difference comes from.
I am assuming this came with a software update. It is frustrating.
Hi all, I migrated my accounting tool from Quickbooks for Mac 2020 to QuickBooks Online yesterday and my anxiety level started to rise for a few issues. When I went to Reports/Company Financials/Balance Sheet and clicked a checking account "Checking_721", it showed me many line items in the Bills that have not been paid, which never happened in the Quickbooks for Mac. The following is one example. Checking_721 | 08/23/2023 | Bill Payment (Check) | 10057 | XYZ Plumbing | Accounts Payable | -$7,032.50How do I fix this? I do not wish to see transactions that has not occurred in the bank account yet. Let the billing items stay in the bills or Account Payable. The other annoying issue is the new item "Unapplied Cash Bill Payment Expense" in the P&L, which never shows up in the Quickbooks for Mac version. I didn't change the rules for this company account so why would QuickBooks Online treats it differently? Do I need to open a
I am receiving what appears to be an erroneous message when attempting to save a banking rule. I have set up a rule within Quickbooks that produces the expected result upon testing. However, when I attempt to save the rule, I get the following error: "Amount conditions cannot be negative or contain invalid characters." The amount condition I have established is expressed as a positive number (not negative), and I have not used any special characters within the field. Any assistance/advice would be greatly appreciated!
I enter all my sales using invoices. Then I manually receive payment into undeposited funds. For credit card payments I use Intuit merchant account. Intuit merchant is automatically creating a sales receipt for the credit card charges. Since I already have invoices and payments manually added, the deposits are duplicated in Quickbooks Online. How do I stop Intuit merchant from automatically creating sales receipts?
