Manage suppliers and expenses
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I have to include GST to the expenses. How do I do that? Are these the right steps? Select - 'Amounts are': 'Inclusive of tax',Then - 'GST on purchase: 'GST on purchase 10%'
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Hi guys, first post, would love to get to the bottom of this. So I use ezzybills to bring my invoices through to qbo which I love but I am having a couple of issues. Ezzybills brings through my construction business materials invoices through in detail, there are often 10 or more lines. I have set them to come through to products and services as this is how they need to come through to my project management software for tracking. Ezzybills also applies the product/service to the line items as, without this, qbo deletes the line if I try to change it but that's an issue for another day. What I am hoping is that there is a way to apply a customer to multiple line items within a bill in bulk as, at the moment, I have to do it line by line. I do not use projects atm, just subcustomers.
HiWas hoping someone could tell me what category do I select for paying a subcontractor. Ive added Subby as a supplier but unsure what to catorgory to select for it.thank you in advance
Hi, I'm self-employed, sole trader working from home (based in Australia) - I'm trying to calculate a rough estimate of my income tax I need to put aside from business earnings - so I can start making regular payments towards my income tax. I understand the basics of how much I can deduct for tax purposes (what I can claim etc) and know I need to go over these with a tax accountant near tax time etc. However, I'm confused about how to record these in Quickbooks in the meantime - as they are only partially allowed for tax deductions (a percentage) because I run a website e-commerce business so I work from my home (use the same computer etc. for business and private use). For example: Home Utilities - like electricity are used for both personal and business use. My question is: When I go to transactions in banking and say make a payment to my electricity bill that was due e.g. $150 - only a portion of this amount is allowable tax deduction -
Hi, I am self employed (sole trader/Australia based) and have been making regular personal contribution to my Super account by transferring money from my gross earnings from the business to my super account. I'm using 'Quickbooks online' (not the self-employed plan). I'm wondering how I set this up in 'chart of accounts' to categorize it correctly and then also so I can record these payments I make to super from my business when they show up as transactions in banking. But set up and recorded correctly for tax time etc so I can claim tax deductions on these super contributions as I think this is allowed? Thanks
Hi, I've just started using the 'Capture and categorise expense receipts and bills' function. I've noticed that when it converts the date from the receipt, its changing it to the American format, ie. mm/dd/yy instead of the Australian standard of dd/mm/yy (which is what is on the receipt). For example, Quickbooks has picked up the date of 12/03/2020 for an expense which was actually an expense on 03/12/2020. This results in a no match to the expense in banking. I then have to manually change the date to 03/12/2020. Is there a setting that can be changed so that when it scans in it uses the standard dd/mm/yy format? Note that my preferences in main settings for Quickbooks is set for dd/mm/yy. Its only in the capture + categorise expense function that it changes it. Thanks,Bec
