Banking & Currency
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I can't change the paydate under the employees, nor should I change the date the funds were taken from our account.
I am assisting in cleaning up a set of books and I have many uncleared transactions due to the original transaction incorrectly being recorded, I have to re-enter properly and delete the incorrect one, the amounts did not vary. Also nothing had been reconciled from the beginning in 2018 when the account was opened so, the accountant did a entry to Shareholder at the end of 2018, bank balances did not match when I commenced 2019 Reconcilation. I called QBO agent talk me through a Opening Equity Balance however that just increased my running register balance. My bank rec balances match the actual bank statements. Reconcilation Report balances do not match the GLQuestions1. Is there a quick way to clear out all Uncleared items ?2. Or can I create anther bank account and move all the 2018 so that they are not effecting the cleanup co
Sent an etransfer to a supplier - it expired. I entered a journal entry for the expired etransfer: dr bank; cr the expense account and cr the GST account. Also entered the Supplier's name in the name field. All the accounts are being reflected accurately (bank, expense, gst); however, the Supplier account isn't showing that we still owe that amount. What am I doing wrong?
I have PaypalBank Account where my PayPal is deposited.Now, how do I classify it? It is asking me to add tax to it, well it is just a bank account where my activity is. Did I set it up wrong?
My client is a Power of Attorney (POW) for his mother who became incompetent this fall. As the POW, he asked me to track her income/expenses starting this fall and to prepare regular financials which he can give his siblings.The issue I'm having is that my client has some personal loans and mortgages that his mother has co-signed. Since these are HIS loans/mortgages (not hers), he is making all the payments on them. She receives monthly bank statements on these accounts since she has co-signed on them. As a co-signer, his mother is equally liable for those accounts in the event that her son can no longer make his payments. As such, those accounts have to be recorded on the mother's financial statements. How do I do this without making his payments into those accounts appear as income on his mother's financials, and also not coming from any of her accounts? I've hunted online, but can't find any clues to answer this. I'm thinking I ne
why is there a difference between the bank balance and QuickBooks balance?
For example, my bank account is 10K. My Quick book is negative -2K. I have a 12K Cash deposit sitting in the bank feed. |When I record it into Quickbooks as a deposit to the bank account COA, nothing changes. The quickbook balance is still -2K. Please help.
