Banking
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Hello! I have 2 bank fees that show on my credit card statement, but I was never charged by the bank. When I try to reconcile my credit card register, it won't balance due to these 2 uncharged fees. Has anyone had this happen, and if so how did you rectify? I thought about adjusting my beginning balance, but am concerned that may cause more problems.
My bank account is reconciled through August 2021. I was out sick and couldn't reconcile the last 4 months of the year until this month. However, when I click register, it says the last date reconciled is "date ending 12/31/2020". BUT the history shows the reconciliations complete through August 2021. Any ideas how to fix this? I'm not planning to re-reconcile everything because the history shows the account is mostly reconciled - so somewhere the system knows it was completed (plus the 'un-reconciliaiton nightmare' we all know about). To recap: account reconciled through August 2021. History confirms reconciliations complete. When attempting to reconcile the rest of the year, the system says last reconciliation was 12/31/2020. Thanks in advance.
I've been using QBO for quite some time and lately (past week or so) using the bank feeds has been painfully slow. The transactions take a while to load to begin with, but not so bad. Matching anything is very slow though.I just timed a few. I had some downloaded transactions and they matched to checks in the bank feed. All I had to do was hit "Match" on the transactions to apply them. I just timed a few - all spun in a circle for roughly a minute and ten seconds. This translates to an hour of waiting to apply 50 transactions. Is anyone else having this issue?
When updating bank feed, it is pulling post date instead of transaction date. How can change?
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I took a personal loan to use for business only. How would I categorize this in quickbooks? I understand this is not taxable (except for the interest because its business purpose). Would this just be categorized as a transfer in, since I am paying it back monthly?
i do not have direct deposits and ING doesn't work
The Money out number doesn't equal to my real Money out (expenses), and there's a real big gap ($50k vs $8k). The "Money out" in the diagram probably includes even my internal transfers, for example, from checking account to saving account. I can't get a straight answer from the customer service line, wasted an hour today and was told I put in the wrong number to begin with. I tried to ask what number I put in may affect it, so I could look into them and correct them, but the rep kept telling me I was doing things wrong so they can't help. I hope I could get some help here. Thanks.
The expenditures and deposits are showing in the register but when reconciled the sum of these are not showing on the reconciled report. How does this get fixed?
In March 2021, my boss switched from QB Desktop to QB Online. It looked as though everything moved over correctly initially. The account was reconciled the first full month (April), but not after that. Fast forward to January 2022, the accountant needs the reconciliation report for December 2021 (there isn't one) and when I attempt to reconcile the account, it is showing that the beginning balance is off by $30,000+! I have followed the tips through QB Online and see that there was no "opening balance" entry made. The very first statement for this account shows an opening deposit, which matches the first transactions made in January 2020. and it appears that this account was reconciled correctly up through April. There are many more issues with reconciling this account. However, can I get some advise on this first? Do I still need to enter some sort of "opening balance" entry in the journal? Unfortunately, I am not an accountant so I need every
I have 3 issues going on in one CC reg. First off, it does not have an opening balance. Second it has a historical transactions that were added after 6 months of reconcile have been done and finally there is a journal entry for a balance adjustment. How is it best to proceed? Un-reconcile everything? Do a mini reconcile? Also, how should I handle the journal entry if the balance adjustment is no longer needed? Thanks
I recently started having an issue with my QuickBooks desktop bank feed. I get an error message saying the bank password in incorrect. However, I can log in directly to the bank with no issues. I have deactivated the bank feed and reactivated it. I have changed the the bank login password and entered the new password into QuickBooks. This has not solved the problem. Has anyone else had issues? I have called the QB help desk twice and both times the customer service rep hung up before the issue could be resolved.
I have 4 bank accounts linked to my QBO account. I routinely transfer funds between all of these accounts. Do I need record every transfer under NEW-OTHER-TRANSFER? Or do I just make the transfer with my banking institution and wait for it to appear in my transactions to match up?
I am taking a college course for this and the book just has a random list of things it wants us to input for our fake business, but absolutely no details on where to go in QuickBooks to do what it wants. Really frustrating, especially since this is an online college course with no teacher to help, ever! The only thing I see on the website is the option to link your bank and of course the fake bank info provided in the textbook doesn't work for the linking.
I am moving to QBO and have about a year data in Wave Apps. Can I import it easily or is it by transaction?
Banking has imported my personal banking transaction into the business accounts I have. I don't have my personal account linked to Quick Books, how do I fix this serious breech?
I have billable expenses for a customer I purchased from my checking account. Part of those materials were returned to the supplier. How do I mark this credit to my checking account as a billable "expense" credit?
