Banking & Currency
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Hello, I have items showing in the Downloaded Transactions portion of the screen as unmatched, when they already have been matched and also exist at the top (related bills are also showing as paid). I'm not sure if this is a glitch in the bill payment process or in the bank statement updating process, but how do I get rid of them at the bottom so they're no longer visible (and I can properly keep track of what is still outstanding to deal with)? Thanks in advance,
HiI have opened a Direct Investing Account (Questrade) for my company, and I am not going to frequently buy and sell stock. Now I transferred money from company bank account to company direct investing account. (please note it's not my own money, it's company money)Now my question is how should I record this in QBO?I have seen similar question about owners investment but the difference is it's company money investing by company and at the end profit and loss goes back to companyThank you
Hello, I was hoping someone could help me. I am new to this position and I am currently trying to reconcile 2020 for my employer. For background knowledge, we use ReceiptBank (now Dext) to upload receipts and we use QuickBooks Enterprise Desktop. I have noticed there are times that a credit card receipt is uploaded to ReceiptBank, not marked as paid, and then synched to QBE as a bill (instead of a credit care charge). There are times when there is a credit card payment AND times where the credit card specifically links to the bill. I’m sure that the ‘bill payment’ is the correct way so that there is a path of bill and then payment, and moving forward that is how it will be done. My question is more for the transactions that I see where there is a bill, and then there is a credit card payment, but they aren’t specifically linked. Does this still reduce the ‘bill’ technically, even if it’s not specifically linked to the bill? For example, let’s say there is a $500 ch
I had a bank trust account linked to QB but deleted it for reasons I can't remember. Now, my accountant says that I have to re-link it. I set up the bank account again (Trust Account) and set the starting balance as the balance on December 31, 2019. I then downloaded the transactions but only January, February and part of March along with December 13th 2020 onward were pulled in. I am missing most of the year and I don't know how to manually enter transactions that were transfers to and from my checking account without creating a second entry in the checking account.Help!
I am a construction company with a main management class and multiple construction projects broken down by classes. Each one of the projects has a lender or is funded by a client. I have a management bank account and each project has their own bank account. How do I show the following:1. Lending money from from management account to the project account. Ie. If I buy material using my cash, then the project will owe be for that purchase.2. I also have a single credit card that I use for everything. How to I track how much each project owes the credit card. Example I buy $100 of lumber for project A and $50 of nails for project B. I need to be able to see how much of the $150 each project owes the credit card. Thanks I've had two bookkeepers mess up my account, so I am starting from scratch and want to ensure I get it right this time.
My company deposits cheques to the bank weekly every Friday in a bulk run. But the individual cheques are entered throughout the week (as they are received) into the undeposited funds account. I entered one into the undeposited funds with a date of June 28th. It was not included in the cheque run as it was received after, however now it is July and there is a balance in the undeposited funds account when the accountant runs the monthly balance sheet. My accountant tells me to switch the date on the entry to July 1, so there will be no balance in the undeposited funds account showing in June. Is this really necessary or is it okay to have a balance in the undeposited funds account at the end of the month since the cheque has been received, yet not deposited.
When I get money paid to me through Quickbooks, right now it takes two weeks to put in my bank. QB charges a monthly fee to upgrade to have it released to my bank sooner. How do I do this upgrade?
I have a US bank account and have set up the Vendor for US currency. When I enter in the invoice, do I need to create an expense account in US currency or does the system convert US to Canadian when I post the invoice?
I'm very new too this and in the beginning there was no business bank account so all my e transfer payments I would receive would go into the personal account.. now i have a business account linked and my future e transfers will go directly into my business account, but as for my previous payments I received thorough E transfer into my personal bank account and since i cant link my personal acct how do i input those payments that were deposited into personal bank account via e transfer in quickbooks online
I'm attempting to do my first bank reconciliation and hadn't yet put in the open balance for my bank account. I created a deposit for the amount and set the account to Opening Balance Equity. When I reopen the bank reconciliation workflow, it's not registering my beginning balance (still showing as 0.00). What do I do next to fix this? Thank you,
