Banking
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Currently, I only have my business bank account synced with Quickbooks Online (QBO). However, there are a few transactions from the beginning of the year on my personal bank account that would qualify as a business expense. How do I record these transactions in QBO? Should I simply sync my personal bank account?
Hi there!I have in my reconciliation tab 3 transactions that were not reconciled 2 years ago. I had some outstanding invoices and the customer paid for them, but only paid a part of the amount. The remaining balance was added manually. the money did not come through the bank. what can I do in this case?
I've scanned my signature into the quickbooks file and when I go to add it in the printer setup the signature is to small to see. When you look at the saved file it meets the requirements for size but when the file is added you can barely see it. The actual signature is 3" x 3/4" but the image when adding it to the checks is maybe1-1/2 x 1/8". Does anyone know how to fix this. Thank you in advance.
My bank allowed a check for $2,350.00 to be posted against my account twice. The payee deposited the check using online banking in September 2021...the bank cleared it, and I reconciled it against my bank statement. The payee deposited the same check a second time in December 2022 using online banking and the bank cleared it a second time. When I reported this error to the bank, it took them over a week to credit the money back to the account. Here is the problem: The bank deducted the money in December 2022 and credited the money back in January 2023. What entries can I make to satisfy an end of year reconciliation? I thought about posting a payment to the bank (not the payee) with the same check number on 12-29-22, reconciling December to the bank statement Ending Balance....but then how do I post the credit for when the bank corrected the mistake in January? The cleanest answer to this problem does not seem obvious to me so thank you for the
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I have a primary credit card account and 2 secondary CC accounts that get paid from the primary account. How do I reconcile the secondary accounts when the charges all show the primary account to be paid. So the credit card bank statement for the primary has all the charges on it yet in Quickbooks I have the secondary accounts with charges and the primary account's charges Primary Account CC - charges for all 3 accounts in QB, but only the primary accounts shows charges on the cc bank statement. What can I do to reconcile all 3 accounts
I use my QB App to upload receipts to transactions and categorize them, and then I later go into QB Online and I see the items are their under "For Review" but they don't show the categorization or the attachments I uploaded. I sometimes would see them there waiting for "confirm"...but why am I only seeing some and not others?
I have three transactions 'hanging out' in my reconcile mode from 2021. (after our accountant has completed taxes.?) I would LOVE to get rid of those- not sure why they are still there. BUT most pressing is I have several transactions that have 'popped up' AFTER I have reconciled January 2022 and started going into Feb 2022. Now before I finish a reconcile I know I can delete 'duplicate' transactions. I did that, but somehow when I went bank in to work on February I have more in January even though they were not there upon completing the reconciliation!! This is so exhausting to me how can go into my bank account Bank of America and get an immediate assessment of my income and outgo but when I go into QBO I feel like I am wading through mud? I want to be able to reconcile my bank account successfully, so I can hand my taxes over to our accountant. That's all simple right? HELP.
Hello Community! I am having an issue with Bank Connections. I recently disconnected my Bank Account from a Quickbooks account and now I'm trying to connect the same Bank account to a newly purchased QuickBooks Account and it's giving an Error "You're already sharing data from these accounts". Do anyone know the solution?
Hi there, I imported all of my business's transactions into QB. As a part of our business, we purchase a ton of random inventory from a host of suppliers. We manage several client online stores and sell this inventory on their behalf. At the end of each month, we invoice our clients for the COGS along with a labor fee and profit split. My issue is this: The payments we receive are a combination of those elements so I need to split the payment transaction. I also need to credit our inventory account for the amount of COGS we invoice our clients, but I have to use a non-inventory account when transaction splitting. What is the work around for this? Should I create a client COGS Revenue account, have the portion of the payment attributed to that, and then create a journal entry to COGS Expense account (and thus decrease the Inventory account by the amount of COGS invoiced to the client without affecting our P&L)? Or perhaps first JE our COGS Account for the invento
I don't use online banking. I only do banking in-person and don't have a login. How do I connect my account?
I have just purchased quickbooks mac desktop and web connect and wells fargo bank are not working, I can not download and import transactions. Quickbooks keeps saying to setup the online banking- I have too many times to count. What's the deal? Why don't these work? And from what I am reading while researching for help, these problems are old. Is there a way to download transactions with web connect and wells fargo that does work? Wells Fargo is my main bank and I have a ton of transactions. I wanted a helpful automated solution NOT more work and wasted time. Very disappointed with this service.
The how-to under the Q&A section did not work. I followed it to a T several times. The names of accounts were added but no transactions or balances. Isn't this something QB should mention up front?
monthly deposit reports i can cross reference to my bank statement
Taxes on a paper check that was cancelled. But funds were withdrawn. But not returned to my bank. But QBO shows reversal.
So I end up with multiple transactions that are inclusive of all previous expenses
l have check number 1104 in the amount of 3190.00. The check has cleared the bank and has been reconciled. The check was paid to a vendor but when I run the statement of financial position the 3190.00 appears as earned income. When attempting to update the check in the register. I get a message that says the check is connected to a deleted account. I can't find the deleted account that the check is connected to. I need help figuring this out. Osborne
My company is a two-member LLC. We contribute equity to the LLC from a jointly-held bank account. I need to set up a banking rule that automatically assigns 50% of the deposit to the account "Member 1 Equity" and 50% of the deposit to "Member 2 Equity". Is there a way to do this automatically with a rule?
Hi, We have a linked Chase Credit Card account. The account has two users but our QBO is only pulling the transactions for one user, but it's pulling the balance for the entire account. When I try to link an account, I'm not able to add the additional user to the existing account. Is there a way to do this? Thanks,Jason
forget it
I cannot connect a bank subaccount (listed as "parent account:subaccount") to a bank feed because I get an error: Invalid character ':' - From what I see the colon is added by QBO between the parent account and the subaccount. The colon is not part of either name. How do I connect the bank feed?I already have other subaccounts connected. This is the first time it will not allow me to connect.Do I have to take the subaccount out from parent account, connect and then place the account back underneath parent as a subaccount?
Stopped updating on 12/1. Disconnected account but can't add it back. Saya Fidelity is not available. No issue logging directly into my Fidelity account.
