Discuss Your Business

When drawing my own salary, do I register that in QB under Personal?  Or is it regarded as Business transaction “Owner withdrawal”?

Hi I’m currently renting a studio from a third party which is an ongoing business expense. Me and my business partner are setting up a studio together which is a limited company would I still need to pay rent to my company or would I just stop paying rent and keep the rent of this new studio as an expense on this company?

For the last couple of days I've been unable to raise an invoice, everything else is working fine except invoicing. Tried New->Invoice and Getting Paid->Create Invoice, but nothing happens just stays on the same page

Hello, I work self employed and have been using Quick Books to record all my business transactions as intended. However I want to know if I'm recording tax contributions correctly. At present when I receive my gross income for any particular job I'm due, I immediately set aside 30% into my allocated tax account. This transaction immediately shows in my Quick Books transactions page as the business account is linked. This is where I need some guidance. In terms of categorising this amount, I've selected it as 'Business' & 'Taxes'. However I'm not sure this is correct as this tax allocation appears to come under as an expense. Is this correct or do I need to record these contributions differently? Many thanks, Rich

I have been using Quickbooks desktop for 25 odd years and I am gutted that the desktop version is no longer available in the UK although for some reason it is still available elsewhere. I have moved my business accounts to the online version now,  which is fine, but I am curious if anyone else used the desktop version to manage their own personal finances as well, as did I?.I have been trying to find an alternative product that looks or is similar to desktop that I can use to keep track of my personal finances, I don't want to have to pay a monthly subscription for this as I usually have three separate companies set up, to separate different finances that I look after.Any alternative products or even better, any way I can get a functioning copy of Quickbooks would be greatAny help greatly appreciated.   

Hi,I use (and have used for many years) multiple bank accounts to pay for personal and business expenses. Moreover, as I work from home, many of the expenses that I incur need to be split between business and personal use. I have just switched to QB online and it's apparent that this is not possible. As far as I can tell the only product that does do this is QB Self Employed. The problem is I can't create different bank accounts in QB Self Employed without linking them digitally to my actual bank accounts, something I do NOT want to do. I want to manually upload bank data monthly using a CSV file. Does anyone know if QB has a product that can do this?I am beginning to think that it doesn't.

We always deposit sales receipts to our "Till" account AND I want to enter the amount inclusive of VAT every time.  Is there a way of setting a default to always do these two things without having to chose them every time I creater a sales receipt?  You could do it in Desktop, so I hope so! Thanks

Hi,I have GoCardless all set up ok, and the clients are in QB. What I REALLY want is when an invoice is created in QB, and that client has a valid DD mandate, is for the payment to get collected by GoCardless automatically.When my system goes through its invoice run, I have to EDIT loads and loads of invoices and change the payment method for them to be collected via DD.

When i send an invoice to my customer, it shows to them as Quickbooks, how to I change that to my business name so they know who is sending the invoice?

How do I check an emailed invoice I have sent- specifically want to check the email and not the invoice 

Hi, We have loan that is paid back as a % of income rather than a fixed amount. This is deducted before the funds reach our bank account through our card machine provider. How do I enter this in quickbooks as the amount recieved does not match the customer invoice totals. 

I have turned on the automatic toggle for credits to be taken off of invoices. But with the customer showing as -£6 for example (with credit)When I raise an invoice for them the credit is not being taken off. I would be really grateful for any help with this please.

Good morning community, I live in Curacao, a small island in the Caribbean. I noticed that our currency is not in the list of available home currencies. What can I do to add the currency of Curacao. Our currency is the FLORIN. please help me out. Im stuck. Is there another way to add this currency, so it can appear on my invoices? Thanks in advance, Abi

Hello, I am a Pet Portrait artist and require a 20% deposit from my customers to secure their commission. I am looking for a way to send  my customers a request for the initial 20% payment of the overall invoice. Then I can request the remaining 80% upon completion of their painting. At the moment I am sending two separate invoices, but it is getting confusing when I have a few on the go.  I did notice the deposit function can be added to the invoice, but this appeared to deduct the deposit amount from the invoice. Rather than charge the customer the deposit amount.

I'm creating rules for each of my suppliers and customers. However, when I look back at the transactions added and then also at the rules created it has not kept the Payee I have created. If I then re-add it then save, then add another to another, when I go back to the first it now displays the payee I added for the second one. I cannot tell if the Payee is being saved or not. I'm new to this platform and cannot understand how such a simple thing is so wrong. Maybe it is me. I have tried clearing the cache and making sure that wasn't the issue but it seems more inherent to the web app programming.Any help?Sean

"Why are my customers not receiving my invoices in their emails?"

Hello! Until recently, I've been keeping my incomings/outgoings in a Google Sheet myself, and I'm giving Quickbooks a go. One thing I've always found useful in my method has been logging future income/payments for confirmed projects later in the year – this gives me peace of mind knowing there's money coming in, allows me to gauge how much tax I will need to pay, and reminds me how much I've agreed as a fee and if I have an outstanding invoice. Is there a simple way to do this in Quickbooks Self-Employed? For example – it's currently April and I have a confirmed project in November with a fee of £2,000. I'd like to factor this into my income for the year to help me manage my cashflow. Any suggestions would be greatly appreciated! Thanks 🙂

Made a custom invoice template on quick books online on my laptop. Logging into the app in my phone: no custom template. Where do I find this? And if it’s not possible, customising a new template within the app doesn’t work. So buggy, and logo doesn’t upload. thanks

Hi there, I'm having trouble figuring out how to categorise personal expenses made on my sole trader account - there doesn't seem to be an option for "personal expense", or I'm just completely blind. Can anyone help? Thanks

I have around 200 invoices set to auto generate as scheduled recurring invoices on the last day of each month - however today they have failed to generate.  They all have a few months left to run, so not at their end date. Any help or advice? 

I saw the thread but am none the wiser. Why wouldn't the uploaded information directly insert into the company template for sales, which is set as the default.  If this doesn't work then can QB add in another field on the import template  so we can add this in quickly and easily without having to manually go into each invoice to add it? Is there any other work around?

Hi, I had a customer pay me last week by cash. However she had (conveniently) forgotten that the price excluded VAT. She then made the VAT payment by bank transfer.The cash was deposited by me into the business bank account via the Post Office, who charge a fee for the deposit. This fee is of course deducted prior to its arrival in my account.As a result, I have 2 transactions in my bank and quickbooks for the one invoice: one for the cash deposit minus the Post Office fee, and one for the VAT via bank transfer.This produces 2 problems for me:1. I can't get the transactions to match.2. As VAT registered company, I don't know what to set the VAT as when reconciling as the cash transaction is the client's payment for services excluding VAT and the post office fee, while the bank transfer is essentially purely VAT. I have marked the invoice as paid and then generated a bank deposit where I minus the fee from the Post Office, but because I have 2 transactions for the same invoice

Hello, Here's a question that I can not seem to get a straight answer on and I am in desperate need of some help. I use my quickbooks online mainly for my payroll and to keep my banking synced with all my records. I recently decided that I wanted to keep all of my customers and invoices logged into my quickbooks to eliminate all the paper stacking up on my desk. I figured out how to do all that, but here's my problem. When they are paid obviously all of those checks get deposited into my account and synced to my quickbooks register. So when I go into receive a payment on the invoices, how can I make it so that it doesn't go into my bank account as accounts receivable? That just makes it so that my income is doubled if that makes sense? I just want to somehow mark that they are paid for my own personal reference. So basically I am just logging all of these invoices & payments for my own personal reference trying to avoid all the paperwork.

how do i get my estimates list in date sent order ?rather than a-z - i have no options at all to filter or change this 

How do you manage inventory quantities when importing from ebay?I have multiple variations of various items and if I add stock to each of them my value would be ridiculous?TIA