Expenses & Suppliers
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I uploaded my expense via snap receipts, and select create expense, but it doesn’t show up under my expenses ,
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Good day QuickBooks friends,Example, I buy a job lot on eBay consisting of 10 items for a total price of £100 which I will then sell on to my other customers, I can only see what some of the items are so I can't create a PO. Do I create the PO once the items are received and enter the average price (100/10) in the rate box? Or do I create all the inventory first and then the PO. Am I going about this the wrong way?
I've seen numerous threads saying the receipt feature take blurry images. Please, can QuickBooks fix this? This was one of the main features I purchased Quickbooks Online ($85/month) for and it doesn't work! And YES, I have uninstalled and reinstalled the app. That did not fix anything. It is obviously a BUG inside of the app. Please escalate this issue and provide support. And please do NOT tell me this is not a reported problem. A quick search of the forum shows it has been reported by a dozens of people. And the moderators keep writing back to reinstall the app and this is not a reported problem so it's a non-issue. For the #1 software app in the United States of America, can we please get support on this issue?
How can i download a single general ledger account
We have been paying more and more vendors using online banking instead of issuing physical cheques. This works well except that the vendor no longer receives a cheque stub with the details as to which invoices we are paying.What I have been doing is printing the payment records from print forms to pdf, saving it to the hard drive and then emailing each vendor individually with the form attached. This is tedious as under print forms you can only select one at a time otherwise you get one document with multiple payment records for mutliple vendors. And then we have to create a separate email with their own form attached which can only be done manually.Is there not a way that we could send emails directly from QuickBooks (desktop)? Similar to sending invoices to customers. If we could mark each payment with a "send email" indicator and then run a batch at the end of the day this would reduce the workload significantly.Thanks for your helpJoanne
I'd like my item receipts to only post to Inventory and AP, and not post the GST until the invoice is received and paid. Is this possible? Receipts and invoices may cross period ends and it doesn't seem correct to claim the ITC when the invoice hasn't been posted.
I have a client whose work is being done by a subcontractor. I invoice the client based on the subcontractors time and I pay the subcontractor based on their invoices. The subcontractor has sent me some travel expenses that were authorized by the client. How do I invoice the client for these? A new "Other Charge" type called expenses? What account would I use (my income account related to Consulting Income)? And would I charge GST on the expense? (I am not marking them up but just passing them through) Thanks
Hello, my spouse and I just started up an LLC. I am just wondering what the best practice is for capturing paying business expenses with personal money. We as shareholders will be covering the startup expenses (quickbooks subscription, business insurance, licensing and fees etc) until the business has enough revenue to cover. Ideally I would like to pay for these business expenses via personal credit card so that I get the rewards. Should I pay these expenses with personal credit card and then enter the amount as Shareholder Loan? If it's a shareholder loan, can it still count as business expense that I can write off? What is the best practice in QuickBooks? Thanks so much!
I am following the instructions to add daily sales, but am missing the categories I need!
We just successfully finished migrating our inventory from an old Wasp database into Quickbooks. In Wasp, when adding new inventory without a current line item, it automatically generated a new item number. I was able to give it an initial counter of 100000. When adding a new line item it would automatically generate the number. We're on 104353 currently. Is there a way to have Quickbooks continue on this item number counter?
HelloWe are looking at automating more of our accounts payable processing - with OCR recognition on bills, approval workflows, expense report and payment processing. Hoping to find a single tool that does it all; we currently use Dext and not extremely happy with that for Expense Reports. Has anyone used Beanworks by Quadient? Or how's everyone liking Exp reports and workflow in QBO? Would love to hear your feedback on those tools, or recommendations for other similar tools. Thanks!
I prepay for inventory coming from overseas. It usually arrives a month later and then I receive it in inventory. Somehow I have double entered transactions so that even though the goods were prepaid, they still show as owing in my accounts payable. The steps I have done are as follows; 1. issue purchase order. 2. enter proforma invoice. 3. pay proforma invoice. 4. receive items into inventory. Can anyone help me to see where I have gone wrong so that the proforma invoice is still shown as outstanding?
Hello, I am in the process of setting up a company (partnership) and there are no employees as the partners are the only "workers". CRA advised that you cannot be an employee and pay a salary if you are also the owner. Obviously the owners want to earn a wage and we were advised that to do this you would set up a "owners draw" and not a salary. How do you set this up and can you set up tax deductions for this (EI, CPP, Income Tax). Thank youLeah
I believe advances to suppliers, for example paying a lawyer a retainer, should be recorded as an asset. Until the invoice is received, you don't know how much the final cost will be or the HST that would apply. Am I correct in assigning the retainer paid as an asset? What tax-line mapping would apply?
Hello QBO community! I run a contracting business and purchase most of my job materials using my business credit card. I've been recently refunded on my credit card for materials I've returned. How can I record this transaction? Thanks!
A new client has hundreds of expenses charged to his personal accounts that need to be recorded in QB. I posted them to a cash account but now it shows a deficit and I don't know how to handle it! Help! Thank you.
Hi there, How do I record Prepaid Expenses (first and last studio rental payment) that was partially paid by our company and partially by an employee.And then later, how do I reimburse that employee for the amount he paid.Please advise.
When I began with this company, I replaced the previous bookkeeper with no prior QBO experience. Somehow when the company was started, there was a shareholder loan account set up for the owner. It appears on QBO as a bank payment account if that makes sense. Importantly, right now the owner and business do not owe each other anything; this account was set up for the owner to loan money to the company to help with cash flow during the pandemic. It has all been repaid. A lot of transactions have been misassigned to this account - anytime the owner purchased something on his personal credit card for the business and was reimbursed, both the expense and reimbursement were assigned to this account. My question - how do I keep track of employee expense reports? In this case, all of the personal credit card charges should have been assigned to an expense report and then the employees expense report would be paid off. Do I make another bank payment account for the owners expens
