Banking
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I am trying to create a project and link existing sales to the project, but the system says I can't update the customer name on the sales receipt since it's already deposited. However, I can't undo the deposit in order to adjust the sales receipt, so I want to know how I can link the income to the project.
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Hi,I’m not really sure how to ask my question. I’m doing a Year End on a rental property and a few of my rental payments are dropping off my report - P&L by class. Each month I create a sales receipt for each tenant for the month and include the class. The type of payment is “rent”. When I receive the payment, I use Make Deposits and apply it to my account. Most show up under the correct class, but the some are being listed as “unclassified”. I can’t figure out what is causing this. There could be something wrong with my “Undeposited Funds” but I have been confused on how that account is supposed to work. I’m not creating Sales Receipts for any other reason other than rents. Tenants are my only customers. This seems more like a Banking question than a Reports question but let me know if I'm wrong. Any input is appreciated.
Hello,I was wondering how do you record transaction going out of our credit card/bank acct/etc & going in. From what i found online is that all transaction going into my bank/financial account will need to be categorized as regular income (assuming other income & not sales income) transaction regardless of loss/profit within that. Then I will need to separately record the losses as an deduction expense and make sure it's itemized and not a standard deduction as I found that you cannot standard deduct gambling losses. if all this is true, my one question is how should i record/categorized money going out when doing the books each month since im categorizing all money going in as income transactions. EDIT: or the better question is what type of chart of account should i use for each of them Thank you guys
Hi Everyone I joined a new company a few months ago, and we use two software programs QuickBooks Online and MS Dynamics GP. The problem is that all bank ledger balances do not match bank statements. The difference is not new; it has existed for more than a year. Many of our colleagues left the organization and many newcomers have joined the company. I am looking for a shortcut solution to the adjustment balance difference. We can't reconcile because this will disrupt everything in our accounting software. Kindly guide me on how I can adjust the difference. I have ideas like adjusting our ledger balance with expenses through a journal entry creating a new account and adjusting the balance or adjusting the balance against owner equity. I am looking for suggestions. Kind Regards
Hi there Our Quickbooks can not collect the full transactions from Bank of America . there are a lot of transactions that were not updated to QB since Dec.2022. Now we need to add it one by one according to our bank statement. Usually we go to the Banking page to tick the transactions . Also we find out that the reconcile page shows : Your statements haven't come in yet, but we're working on it.Check back in a few days. Refresh nowwe followed the tips to refresh it ,but it still not work.
Some QuickBooks Payments deposits weren't automatically recorded. After you receive the funds in your account, record them manually as a Bank Deposit.Take Action
Let's say you buy a $1000 CD. That shows as a debit to the account. But there isn't another account for the CD. It's an asset that will eventually be redeemed.
I can not figure out where these other items are coming fromany ideas?
Hey,How do I remove checks that didn't clear after seven months? Thanks
It's been five days
How can I set up a monthly recurring transfer between bank accounts?
I recently sync Clover to the QBO and the feeds from the bank doesn't math. How to reconcile and make sure that I am not duplicating the sales?
for example, I have a dispersement to my IRA every month for 50 and it is showing at 4k
Hi all, Hoping to connect with somebody that might have encounter similar error we are encounter and hopefully find a solution, before I am embarked with calling QB and spend hours on the phone with someone that might know less than I do from QB. Unfortunately, we have always had issues with bank reconciliation with QB.Our problem is in the bank reconciliation screen appears a few transaction from previous years. Specifically employees checks done manually via a Payroll YTD adjustment due to some problem with the checks on QB. I can't remember why it has this adjustments. Probably an issue with Payroll. We used Quickbooks payroll.Now the problem is the beginning balance is correct on the account, reason why discrepancy report is 0 and can not do a mini reconciliation to fix this because the beginning balance is correct. I am very disappointment with QB Enterprise, don't know why they don't have a feature like online that you could marked it as reconciled and be done. It should be
I connected my bank account to QBO and it send two tiny deposits to verify the account and also withdrawal the deposits the same day from the account. Now they are sitting there waiting to be review and I don't know where to put them.
Can I simply make a current bank register inactive and make a new one so I don't have to see years of transactions?
I have looked at the importing older transactions guide. I have made sure the csv file contains all the information necessary. I have tried downloading only a month of transactions at a time to negate a large file. How can I get my csv file uploaded so that I can get my transactions from 1/1/2022.
Is there a way to manually address this?
