Banking
Recently active
Original commenter did not share additional details
In the past one could not import Venmo transactions easily, but now on can set up Venmo as a pseudo-bank and import the transactions, either automatically (which I DO NOT recommend) or manually from a downloaded CSV file.The issue arises with how QBO handles payments you make out of Venmo that are really transfers to your bank account. QBO views payments out of Venmo as an expense item and catetorizes them as such, assigning them automatically to Uncategorized Expense and there is no way to turn this into the transfer that it really is. This is a good reason no to use Venmo as a connected account but to import the transactions from a downloaded CSV file. And when you code the Venmo payment as a transfer to your bank account, don't do it directly but put the transfer dollars into a holding account - an Other Current Asset account which you use to hold the money. Why? Well when you do the actual bank transfer in the real world, you end up with a deposit transaction in you
If you've created a bank account with an incorrect opening date, is there a way to change that date? I linked a bank account during my QuickBooks Online account setup and it pulled in 90 days worth of transactions. I only wanted to pull in transactions since January 1. I've tried to delete all the transactions prior to Jan 1, and changed the Opening Balance Equity transaction to Jan 1, 2022, but on the Business view, in the Overview page, when I choose the "Cash balance" on the "Cash flow" widget, it shows a cash balance starting in Nov: However, I have zero transactions that are in any account register prior to Jan 1, 2022, as evidenced by this report: My best guess is that somehow the Cashflow widget is checking my Opening Balance Equity account and pushing that amount out to Nov 15, 2021, when it thinks my first bank account was opened. So... is it possible to change that op
When QBO automatically downloads bank account transactions, and sees the memo field as a Zelle Transfer it encodes the transaction as a Transfer to some undefined category. This is wrong.In my case the Zelle Transfer from a tenant is incoming rental income, and not a transfer. Again there's no easy way to change a mis-coded transfer as an income transaction. QBO is applying some 'smart rule' which in this case is wrong.
When I am in Accountant view, if I Navigate to Banking->Banking, it only shows me bank accounts I have linked to bank feeds. I currently have four bank accounts, all of which show up in my chart of accounts. Two of them are "manual," in that transactions are only posted to them in QuickBooks Online (i.e., they are not connected to a bank feed). Those two do not show up when I navigate to Banking->Banking. I have to go to my chart of accounts to find them, or I can switch to "Business view" , navigate to "Business overview", and there is a "Bank accounts" widget which shows all my accounts. Both of these are rather inconvenient. How can I get all my bank accounts to show up under Accountant view, when I navigate to Banking->Banking?
I started a new account in 6/20. The account wasn't connected to QB until 9/21. I need to get the transactions in QB between 6/20 and 8/31.
Trying to do pull up or download older transactions?
QB posts both transactions (deposit and payment) in the checking acct. One clears the other doesn't so the acct won't reconcile. What do I do??
The bank account is connected to QB. Not sure why I can't get the transactions to pull in.
I have a $300.00 debit entry from my Bank for a deposit that the bank ran as $1800.00 when in fact it was for $1500.00. How do I categorize this item on Quickbooks Online.??
My bank is limited to exporting transactions as .csv files only. Quickbooks says there is information missing. I have double checked to make sure the fields are correctly matched/defined. I also had this problem when trying to import .csv files from another bank (fortunately had a .qbo export option for that one and it worked). How can I add missing transactions without importing when I cannot import files and the bank link is updated?
i used my personal checking account for a little while before setting up a true business account. i know, it's sloppy, but just want to make sure i'm catching all business related transaction.
My boss sometimes transfers money from his business account to his personal account. How do I categorize that?
I need to allow for some interest income that was not entered earlier in the year. How do I decrease my money market account and increase the interest income account?
For my above question, I meant "instead of 02/28/2021". I cannot proceed with the 03/31/2021 reconciliation because the system is defaulting to 03/31/2022. Shown below is the screen shot of the status of my reconciliation report: Checking Statement ending date: 02/28/2022 01/31/2021 12/31/2020 11/30/2020 10/31/2020
I have created the excel sheet formatted from download of QBO. There are duplicates coming in and missing items. Also my income and expense accounts show as errors. COA has been entered, copy and paste doesn't work, very frustrated
I am sure this question has been asked 1000's of times, but I can't find an answer to fit my circumstance.My QBO balance shows about $1600 less than my bank balance, and it has been this way for a long time. I believe that the issue arose from when we first set up QBO and it was done incorrectly. There are several uncleared transactions from 2016/17 (although the amounts do not match this discrepancy). I would like to get the QB balance to be more inline with what we actually have in the bank so that budgeting and p/l reports better reflect what we have going on. Is there a way to mitigate this issue with a journal, or some other accounting entry that will not mess up reconciliations or anything else of importance?
