Expenses & Suppliers
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Hello, I made a payment to a vendor by cheque and then a direct payment was made to them for the same amount. They will be putting the overpayment towards future bills. How do I record the second payment and how do I record future bills from that payment?
I'd like to be able to pay my bills via QBO CAD but cannot find a way to set that up.
How do I post the transaction for the equipment I purchased through my business credit card for my daughters sole proprietorship business? I have the Invoice of the equipment purchased. She needs to pay me back for the amount of the Invoice for the equipment.How do I correctly post this in QuickBooks?
We have integrated our payment processing system with QuickBooks Online. We are using QBs APIs to fetch the 'bills' and then 'bill payment' API to post the bill payment. We come across a scenario where after posting the bill payment at QuickBooks, some payment is getting failed at payment processor side (say ACH payment got failed after 20 days). Now which API and the provision we can use to mark that bill as reversed in the QBs which was earlier successfully posted?
My expenses transaccions are not showing up under the expenses tab, it was before ,how I do correct this?
My home currency is set to CAD.Vendor charged $100 USD (Invoice in USD) from my Canadian credit card and the total amount on statement was CAD $130after few days vendor refunded the total amount of USD $100 to my Canadian credit card account which was $115 CAD.I created the vendor bill and marked as paid in QuickBooks for CAD $130 but now they refunded the total amount of $115 CAD, how do I link the bill and refund transaction in QuickBooks so that it can be shown in CAD visa chart of account, vendor account and system can calculate the net exchange loss/gain of $15Tried putting it as a credit card expense but system is not picking gain/loss currency exchangeThanks
I created a workflow for bill approvals, and I can see that bills got marked waiting to be approved when saved (when I go to Pay Bills I see the message that it still needs to be approved). I also received an email with the bills that are waiting to be approved. However, when I go to tasks there is no open tasks. And I can't find anywhere else to approve them either. Is there something that I'm missing? The only alternative I've found is to turn off the workflow and it sends me a warning of bills still waiting to be approved, which I can do at that point.
I have a customer that was taken over the restaurant recently.He paid the stock expense stored in the refrigerator to the previous owner.The stock is the food ingredients for cooking.Usually, I put this expense into COGs whenever they spend the money on groceries.But I don't know where to put this initial expense for food ingredients.If I just put it in COGs, the cost for this month will be too high. Would it be okay?Please help me. Leah
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I need to know what account and how to record a late fee or finance charge that one of my suppliers charged me. We have an online account with the company that gives us credit. We were late paying and were charged a fee for that. I have searched high & low for an answer to this question and all I can find are answers for applying a late fee to a customer invoice. Do I create a new account like Penalties and Late Fees, if so what type of account should it be? Or what do I do? Please help me!
REPORT BANKS AND EXPENSIVE
When I open a check that has paid a bill I would like to see the Customer Job below with all the other details like Date Due, Vendor, Ref Number, Bill Amt, Amt Due, Disc. Date, Amt Paid... Is there a way to customize this? Thankyou.
We recently converted from a sole proprietor to a corporation at the beginning of the year. However, our new corporate business account could not be set up until February so for the month of Jan we were paying expenses for the new corporation out of the old sole proprietor accounts. We paid off the credit card balance and repaid the sole proprietor bank account for all the expenses in a couple of lump sum e-transfers. Now our accountant is telling me that anything I paid to those accounts needs to be set up as an expense and to allocate those payments to the proper expense accounts.What type of expense account would I need to set up to record these repayment transactions?
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I have taken pics of over 700 reciepts and they are not showing up in the graphs
Hello, Could someone show me how to mass-updating the "class" section in QBO? RoseRocket won't import the "class" to QB and I am trying to find a way to updating all the bills at once. I see that we have the option to import new bills but not exporting current bills, updating the class on the spreadsheet and importing all the updated bills back in QBO. Thank you kindly for your time.
QB Online does not yet have a print function for vendor bills as is available in QB desktop. This is a mandatory function for our business. We need to print our vendor records to PDF files. I tried converting to QB online many years ago and had to abandon it for the above reason. I just checked in a tested it again and there still isn't a print function but there are lots of complaints over the years I see. Can Intuit please advise if this function will or will not be added so that we can make alternative plans. Thank youDon C
I am company A, donated non inventory items to Company B/Charity, how do I record the transaction? Thanks
Is there some place to find descriptions for each of the standard account numbers? For example, I'm trying to figure out whether computer software subscriptions need to go under 61700 Computer and Internet Expenses or 62500 Dues and Subscriptions. I often have questions like this, so I would love to be able to find a list of the account codes with descriptions of what should be included in each.Thank you.
i have contracat with company i am working for and the payment is include the all invoice bill to customers and reimbered mileage and expenses which is my own money and should be exclude from buniess income , that the payment is going to my buniess account. how can i recrod reimberesd mileages and expenses in quickbooks which is paid to me with invoices in my buness account?
I recently started using the receipts function in QuickBooks Online to photograph and review receipts to enter them into the correct expense category. I've noticed a small problem with this process though. Upon assigning the expense, it asks me for a Bank/Credit account. If I use an accrued liability account here, for example, I haven't paid the expense yet but am planning to later, some strange behaviour begins. Initially, the liability and expense are appropriately updated, but if I then subsequently edit the expense to update a date, fix an amount or tax association, it requires me to enter a Payment Account at which point the original accrual / liability account entry is lost. Is there another way I should be approaching this transaction instead when using the receipts function?
I use QB Online. I want to enter our furniture purchase in 2022 as fixed asset but I don't see a Fixed Asset Account. When I go to Chart of Accounts to create one, Fixed Asset doesn't show in the drop down menu. The instruction says in the absence of Fixed Asset, I should select Other Asset. That doesn't show up either. Can anyone help please?
