Banking & Currency
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Avoiding duplication of Payments received?
Do I need to review each trip in QB online or will my app do it automatically?
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How would I check the foreign currency (USD) balance of an Accounts Receivable USD account as of a specific date? Note: I only have one foreign customer (and they have thousands of payments) When I go in through the chart of accounts, no running balance is shown.
My accounts are all reconciled up to the end of the month. I want to inactivate undeposited funds and clear the amount in undeposited funds. How do I do this? Can I do this?
Accounts Payable - GBP has a foreign currency value of £0 and the balance on Trial Balance (in home currency) is $0.01DR. This problem happened when converting from Desktop to Online back in 2019. How do I clear this error in Quickbooks Online? In Desktop I would have simply done a home currency adjustment at the account level. It looks like in Quickbooks online I have to revalue the currency in all accounts... I tried and no effect. Also, is there an easier way to see the home currency balance of a foreign account than running the trial balance?
I processed a refund to 1 customer via Quickbooks Payments and then received payment from another customer on the same day. This resulted in a negative Quickbooks Payment Deposit and Quickbooks wont' let me match it because the deposit is a negative.
I ended up doing 3 'adjust' postings and now i have several lines in my bank rec that do not match. What do I do to correct this before my next filing, and will these O/S amounts throw off my next HST report?
I want to receive donors cheques in bank deposit but a name is already entered and I can't clear it
I opened a bank account so I can transfer my sales/payroll taxes to it to hold until quarterly payment. Once I did this, I noticed in my COA QBO placed that same amount into "Opening balance Equity". I am new at this. Can someone explain to me if this is OK? Or is this being counted as income? Thank you!
I linked my account, but feel it will be too confusing. I want to unlink it.
I need 2 seperate cash flow reports etc.
yes
Non Profit Society: The members raise money through various fundraising. We have in the bank account $10,000. However, $7,000 of that money belongs to the member’s, not to our society. I’m not sure how to show the member’s portion. Can you show me how to set up a “payable to member’s” in Quickbooks so that members understand that not all the $10,000 belongs to them but only $7,000?
Also, I connected my CIBC account, however the transactions are not reflecting on QBO. How can I troubleshoot this?
Let's say I received USD 100 from a client. The bank deposits USD90 deducting USD10 as Bank Fees. I match it as a split. However under reconciliation there are 2 transactions, one which I matched and another as USD100 as A/c Receivable. The one I matched with bank statement is selected but the other one is not. Even though the reconciliation is reconciled, the A/C receivable shows USD100. This is messing up the Tax and other financial reports. Alsi, please include email address of the expert so I can communicate with him/her as the reply is from do-not-reply email. It is waste of my time as I have to repeat the question again in a new email.
