Banking
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Hi, I have one bank account connected to my quick books account - but it is somehow split into two (chequing and chequing 1234). How can I combine these two without losing all the data entered? Thanks!
I feel like this is a simple question, but I'm having a hard time wrapping my head around it. I am using Shopify POS with QBO. I have the connector, so all of my sales and fees are coming over automatically. Fees go to an account called SHOPIFY FEES; payments go to a SHOPIFY CLEARING ACCOUNT. I have no refunds or adjustments. I've checked the balances in the above accounts for the period in question (my first weekend open), and they balance against the Shopify Finances Summary. I've received my payout for that period. Again, it matches the Shopify Payout Report and all is good with the world. But here's where I'm stuck: What do I do in Banking with that payout? To what accounts am I allocating that payment? Am I selecting categorize or split or find match or what? I feel like I'd know what I was doing if Shopify hadn't already made all the entries, but now I'm stumped. Thanks!
I am a newbie to QB-SE and am trying to clean up any errors. I think i am recording double Materials as I have broken down invoices by individual customer (put into materials) and then when check is sent to vendor it appears I put into Materials again ..... where should I put them not to double?
I want my bank transaction to update automatically I do not want to upload manually, can this be done?
I brought transactions from my bank into QB Desktop Pro 2020 via a QBO file. QB somehow treated three of the deposits as transfers. I need to create a split transaction with these deposits and I can't do that as these entries now stand. Is there a way to convert the transfers to deposits without deleting the transfer entry and creating a new deposit entry? I see all kinds of similar questions online, but they all refer to QB Online and not QB Desktop. I've certainly tried to find an answer. Thank you so much. David
Please help me, I'm new in the Quickbooks Desktop Pro 2021 and I didn't match the payment received from my clients from the bank feeding before registering them, there is any way to fix it to avoid duplicate payments?
We are exploring changing our banking provider. I'm still learning QuickBooks, and am just curious how difficult a changeover would be.
Hello, We recently took out a loan and the first payment was just automatically withdrawaled from our bank account. I am not sure which category the expense should go in. Please advise.
I am currently on QuickBooks Online Advanced and would like to 1.) have a copy of my data file and 2.) hopefully import just the 2022 data into QuickBooks Enterprise hosted with Right Networks.
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How do I record cash deposits into the company's bank in Quickbooks online if the bank account is not linked in quickbooks?
I am basing my estimated tax payments on the quarterly vouchers that turbotax generated for me. The QB self employed calculation is way less than what I need to pay.
Is there a way to manually enter a cleared date for checks and/or deposits in the bank reconciliation screen in Quickbooks Online? The user guides/help screens tend to suggest that the only way this information can be entered is via bank feeds (and perhaps via statement uploads). But I am trying to verify whether this information can be entered by a user manually if need be or desired?
Has anyone ever taken a bank account they had linked to one QBO account and switched it to link to a different organizational QBO account? Our company is looking to start a second QBO account (keeping the first one for historical data), and we are curious about the process of making sure our bank data gets shifted from account #1 to account #2. Anyone done something like this before?
I was told I would have instant credit deposits and mobile check deposit if I opened an online checking account. I've done that and I have neither one. Can somebody help me?
My first loan payment is due in May. It is a 0% interest loan. The origination and filing fee are combined in the payment. To record the check the first line would be 120.64 Liability The second line would be the fees 2.89 Expense ? 123.51 Monthly payment Correct?? Which expense account should I choose for the fees? Does it matter? I scroll through the chart of accounts and I do not see an appropriate account for loan fees. Should I just create a new one??
The online payroll transition from intuit to quickbook. I cannot download the payment portion for those taxes.
In the words of the letter we later received from our bank: an item was processed for an incorrect amount in June 2021, an item (the check we mailed) in the amount of $4103.35 was processed for $410.35. In August 2021, we removed $3693 from your account to correct the error"So when we try to reconcile the June statement, there is a difference of $3693 between our Quickbooks records and our bank statement due to their error. What should be done to show that only $410.35 of that check was actually deducted from our account for that June statement/reconciliation period, and how do we show that the remaining $3693 from the same check was deducted several months later in a separate reconciliation period? We've been trying to figure out how to fix this issue caused by an error on the bank's part to be able to reconcile for months and are still unsure of the correct way to record this situation in QuickBooks (Desktop). Any advice would be greatly appreciated! Thank
In QB 2019, I've been using a Chase credit card for years. No issues doing direct connect and entering charges that way. A couple months ago, the direct connect failed for an unknown reason and now the account in QB is stuck. It keeps saying the last connection attempt failed, do you want to try again. I enter the password (it has not changed and I can log onto the Chase website with it just fine) and the dialog box goes away, but nothing ever happens after that. IT says I can't disable feeds or do anything with the account until it completes that failed attempt, so I'm stuck. Is there a way to reset the account in QB or something? Disable/reenable the bank feed for it without completing the communication it's stuck on?
