Banking
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I entered a deposit of $556. The bank said I made a mistake and changed the deposit to $576. They called later and said I was right and then they entered a correcting debit of $20. How do I reconcile those three entries so they match on QB?
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delete bank rule
I purchased some items at home Depot. I took back some of the items and they were returned onto the credit card we used to purchase them. QuickBooks records the return as a debit instead of a credit. Every article I read gives this long drawn out explanation on how to fix it and 20 different ways. My question is why doesn't QB just show the transaction as it truly is? A lot of the explanations given don't seem to answer the question directly, not to mention that you can't even add transactions if you have simple start.
I record payroll via ADP GL ledger download when its issued - ADP uses a clearing account during this process. Occasionally the owner cashes his or one of the other employees payroll check from cash funds that come from our POS sales, and than he will deposit the check to our bank so it shows as cleared. When I record our POS sales, I use a 'undeposited funds' account per QB setup recommendation. For some reason, this has me all confused on how to post the cashing of the check, as I know it needs to come out of the 'undeposited funds' account - but if I post it to checking, than it will be coming out of the checking 2x's - once as the payroll check issued and once as the cashed check. But if I don't do anything, than my undeposited account is off by the deposited check amount. Can someone please walk me through how to handle this or at least help me be less confused? Thank you in advance
One paycheck was split into two checks, so Quickbooks can't match it automatically. I tried to match the existing transaction, but the system won't allow me to choose two checks. If I choose one, the amount doesn't match.
Initiated transfer from a linked external account to QB Checking 4 days ago. The transaction has cleared and posted in linked account but still shows “pending” in QB Checking. How long do transfers typically take to process? I’m assuming up to 7 business days?
can i call quickbooks?
My problem is relatively straight forward.I linked by QB online account to my bank, and it somehow pulled in my credit card twice. I tried to delete the second card, and it has been removed as an account to review transactions, but all of the old transactions are still in my chart of accounts.Essentially, I have a few months of duplicated transactions. I can see them, all linked to the card that should not be on the account.How do i delete this duplicated card and all the associated transactions?Thanks!
I just upgraded to QB for Mac 2022. It seems to be doing a better job of auto-matching items when downloading them from my bank, but it's doing a very weird behavior when trying to input payee names. Rather than pull suggestions from the list of payees, it is only autocompleting with items from the Chart of Accounts. The only way around it is to go through a dropdown of every payee in my list and select one, which is cumbersome. For example, I start typing Chase and as soon as I type "C" it autocompletes with "Computer Expenses" which is not a payee, and is an account in the chart of accounts. It does the repeatedly and annoyingly every time I try and enter a Payee. Any ideas why that's happening?
I set up a number of recurring transactions for monthly bills. For the ones that change amount each month (like credit card bills) I set them up as a reminder so that I can create the bill once we've received each month's statement. Last week I received a credit card statement, so clicked "use" next to my recurring bill to add this month's amount. I wanted that bill to now show up in my list of upcoming bills due, but for some reason it put it on my bank feed instead. When I logged in this morning, but "bank balance" vs. amount "in quickbooks" was different because of this. I don't want it to show in my bank feed until I have paid it, it should just be in my list of upcoming bills. Why did it do this and how can I fix it?
Seeing if I can defer my monthly loan repayment for one week extension
Hi,I am new to Quick books and I am trying to reconcile for tax purposes. There are three business Credit Cards and none of them have ever been reconciled. I don't know if I am supposed to just record them as credit card transactions and reconcile or if they are supposed to be categorized as an asset?? Also, the payments on the credit cards are made via transfer from other accounts. How does all this affect the balances on the different accounts? I'm sorry for not knowing exactly how to word or ask these questions but I hope it makes sense to someone who could answer for me. Thank you in advance :)
I have 20 years worth of a particular credit card account. trying to zero in on December 2020
Using QBO Accountants.Is there a way to change in bulk transactions posted to the wrong bank account? It does not seem to be possible through Reclassify Transactions. I can't download from bank as the account is closed. Besides, I'd have to delete each transaction already posted. It's taking me forever to open each item and change it. I would just make journal entries, but there's other stuff posted to the bank that does not belong there. Just hoping there is an easier way I don't know about.
I just added a new Barclays credit card account. I had forgotten I used to have a previous Barclays account and 18 transactions from that were added to Quickbooks so I deleted them. I know. Big Mistake! I reconciled Barclays but it threw off my bank account reconciliation which the payments to Barclays came from. I've checked the audit log to get the original info so I can add back in the transactions, but there is no info about the dates of the transactions which took place over a two years period. I'm stuck. Can anyone help with this? Thank you
Beginning balance, deposits, checks and ending balance all in balance and correct. How is it possible to have a difference?
My beginning balance and ending balance entered per bank statement are correct, cleared deposits and checks are all in balance with bank statement. Ending and cleared balance match, but there is a difference. How is that possible?
all check have been cleared
how to import payroll iff file
