Banking & Currency
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I selected a wrong date when import the bank transactions by bank feed. For example, the bank transactions data start from Mar 2022, actually I need the bank transaction data start from Jan 2022. How can I deleted all imported data in " For review" and "Excluded" tab without affect any accounts or financial reports in QBO, then redo the bank feed? Thanks
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Hello, I'm a newbie to this program.I'm using QuickBooks pro desktop 2018, and I have a question.I have two Bank accounts, which is USA and CAD dollar account.I usually use the CAD account for bill payments, but receive the account receivable as the USA account.In this situation, the CAD account got a lot of minus numbers, so I want to split the incomes and expenses when I confirm the AR.Is there a way to split the incomes and expenses when I deposit the AR?
Posted transactions to undeposited funds to group in a deposit. When I go to deposit the account does not show up.
It is prompting me to create new entries in QB for these transactions but they already exist and were previously cleared.
My home currency is CAD and I have both CAD and USD deposit accounts. When I compare bank statements with the QB chart of account for my USD Deposits account (both shown in USD) everything lines up. All the transactions match, the balances in USD match. It's all good. The problem comes when I run a balance sheet report. My initial thought was the USD account balance would be converted to CAD at end date exchange rate and put on the balance sheet. For example if the bank statement and QB chart of account both said USD 1,000, the balance sheet would show CAD 1,280 or something. Instead, the balance sheet is showing a notably higher value: CAD 1,550. From what I've been told by support, this is capturing the gain on forex. Where we just happened to transfer CAD funds into the USD account when USD was weaker, and we had USD outflows timed when USD was stronger comparatively. I understand forex gain, but I don't understand why it's included in the asset balance. Is there a wa
Solved by performing a mini reconciliation. I have deleted a cheque from july 2019 and then recreated, went back in the bank account, and ticked the transaction so it would show as clear again.I assume it was all ok until I started March Reconciliation and noticed that the beginning balance was off and the cheque I have deleted and recreated now shows in the list of march reconciliation.I know in Quickbooks online you can mark with R but I use QB Desktop Enterprise 2020.Undo the reconciliations isn't' an option, I have thousands of transactions from July 2019 to Feb 2020, I know I can fix the opening balance but there should be an easy way to do this....Any help is appreciated
Started new Quickbooks account Apr 23/22. Bank connection successful. However bank transactions from Jan 1/22 (no transactions period) will not populate on Quickbooks. Does quickbooks only populate bank transactions from the day I signed up?
I have a client that has 2 chequing accounts with the same bank, one is Canadian Funds and the other is US funds. Instead of transferring funds between the two accounts they have decided to use a foreign exchange to get a better exchange rate. So they send a wiretransfer to the foreign exchange from their canadian bank account. The foreign exchange then deposits the US funds into their US bank account (taking their fee of course). I'm struggling with how to record these transactions. Its like a transfer between accounts however there is a middle man in the process. The first transaction, for simplicity is like this.1) Send $20,000CDN from canadian account to purchase $17,000 US. So payment of $20,000 comes from Cash but they haven't really purchased anything. They have a credit to their cash, an exchange loss/gain and then - really nothing. I suppose the foreign exchange is technically an A/R at that point as they owe them the funds.2)
what do you do when quickbooks says to update bank sign-in info, but it won't work even though all the passwords are correct etc. (I can log on to my online banking fine through their website)
I've managed to create a business account but I'd like to convert that to a personal account.
We have 24 cheques that were not reconciled at our last bank reconciliation before transferring all of our data to Quickbooks Online. In order to do the next bank reconciliation, I need those cheques to show in my register without affecting any account balances. Thank you.
In the bank feed, I excluded and deleted transactions but they keep showing up again in the bank feed when I update the bank.
I by mistake added 2 business they are the same business . Just with different names
If i cancelled my Quickbooks account the same day as opened, will they credit me the fee? I opened a duplicate account in error. Dont want to pay twice
When reconciling our bank account we end up with duplicate quickbooks fees for each and every payment we receive through Quickbooks. Only one is being paid through the bank and is matched with the quickbooks expense, the other we have to delete during reconciliation. Help, please!
