Expenses & Suppliers
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How do you assign different accounts for expenses for a single item? We are in the trucking industry and would like to be able to report on what type of expenses each item has. For example, Truck 1234 has expenses for tire repair and engine repairs. Tire repairs and Engine repairs are set up as individual expense accounts. We would like to report on the P/L for each type of expense and also track the expenses for each item.
Hi there,I am new to using Quickbooks online. I am using Sage50 in a different company before. For the credit card transactions, both companies set it up as suppliers which is fine. However, in QBO, they are entering the overheads (gas, entertainment, etc.) as different supplier so currently, we have 1000+ suppliers. We would no twant this to increase anymore and I think it is logical not to put this company expenses as suppliers. Since the credit card is already a supplier in QBO, I tried entering an expense but it is not showing in the balance. I tried to post it as bill and it did show in the balance. My question is, is it fine to post these credit card expenses as bill instead of expense so it will clearly show in the balance of the credit card (as supplier) and we can allocate the payment accordingly? Thank you so much in advance everyone!
How do I track employee expenses
Hello,We have a customer who is also a supplier who would like to use thier current invoice to offset a bill we had previously sent them.For example purposes, lets say they owe us $10,000, but have also sent us an invoice for $15,000.They have requested for the $10,000 to be taken from thier bill and to pay them the remaining $5000.How in the world do I enter this in QBO?Sorry folks, I'm a rookie! :)
Good Day, Can someone be so kind as to let me know what general ledger account I should post repairs to fitness equipment. We had to replace the cabling on gym equipment.
I use MYOB in AUS, but that is not available in Canada. In MYOB I am able to enter the suppliers bank details and at the end of the day, produce a report that I import in to my bank account and it pays all of my bills that are in the batch report. I can't see where that is possible in CAD. It looks like you can only pay by cheque, or go online to my bank and pay each of the bills individually
Ideally I would like to have the total amount of the lease, and record monthly payments to track where the lease is at.
Hi I paid a utility bill using owners credit card in QB, a reimbursement was made to owner for credit card payment and reconciled last month. The bill was actually paid via direct payment thru bank. Now I need to correct the error and take back the amount given as a reimbursement. Not sure how to do this to reconcile this month?? Hope this makes sense!Thanks
I am using QuickBooks 2016.I have received a second Bill from the same Vendor. When I try to add the second bill, the screen pulls up the first bill.
We own a heavy duty mechanic shop. We just purchased a small fleet of highway trucks.I have two questions:1-what’s the best way on quickbooks to record expenses (ex. Parts) for each truck?2-Is there a way to record the mechanic labor for each truck? This is an internal expense. Thanks in advance!
How do I added a suppliers invoice to quickbooks online that I pay COD via either Visa or Debit
If I add new payment methods or suppliers in the app as prompted to do, I then have doubles of suppliers and incorrect payment options online.
Hi there, we have one vendor that invoices us for a large amount at the beginning of the year and then we pay the invoice off in multiple installments each month. After I've entered the invoice, is there a quick and efficient way to enter the 12 monthly cheques? Currently, I go to Pay Bills, select the invoice, enter the monthly amount to pay, and enter the date (ex. Jan 1, 2022), then Pay Selected Bills. Then I go into Pay Bills again, select the same invoice again, enter the monthly amount and enter the next date (ex. Feb 1, 2022) then Pay Selected Bills. Repeat this process 10 more times and then print all the cheques and mail them. I'm hoping that there is a faster way to do this. Can anyone help? Thanks!
Hello, what’s the proper way to enter WCB in the chart of accounts for my quarterly payments?
Hello: I have a rental building jointly owned personally with a partner. We have a joint bank account dedicated to the revenues and expenses of that building. I sometimes use my personal credit card to pay for some expenses of the building, and I then get a reimbursement of the said expense from the joint bank account. The fund is then deposited into my personal bank account. Note: both my personal bank account and the joint bank account are in the same QB file. What is the best way to record these transactions so I can keep track of these expenses so that 1) I will not forget to get claim the reimbursement, and 2) don't double claim the refund? Thank you.
I purchased some inventory on credit card. I have now received the product and I am trying to put it in QuickBooks. I created a Purchase Order and have also creased an Expense. When I add the PO to the Expense, nothing fills in the line item area. I tried to add a line item in my Expense to my Inventory Asset account but this did not move the inventory items from the PO into actual inventory. How do I receive inventory and get the items from my PO to show up in inventory?
