Manage Suppliers and Expenses for
Recently active
Original commenter did not share additional details
How to record loan to a vendor and then do the payment as cash directly in qbo? Ive found some articles but they all end up paying by bank or cheque. sorry Im new to quickbook and trying to learn it. if i pay them regurly like every week or month how to record that in qbo, thanks in advance.
I tried to make payment multiple times using credit card and debit card, but failed. I am getting message as "recurring is not enabled on the card". I contacted my HDFC bank and they are telling everything is enabled on the card. My both credit and debit cards are working on all the websites except yours which is not good sign. There is some problem with your payment method. Please resolve this issue soon. Thank You.
Hello, I have a question regarding the impact of the sale of my stock products in the P&L. Let's take an example : - On February 2020, I place an order with a factory in China to buy products that I will sell in my shop. The bank flow will be reconcilied with the factory invoice and categorized as 'Purchase' (and will, therefore, impact my P&L)- Then I create each product sheets in the inventory part on Quickbooks (impact on my 'Inventory Asset' - Balance Sheet)- Finally, I sell these products in my shop and, with each customer invoice created, here is the impact on my accounts : 1. Decrease in 'Inventory Asset' (Balance Sheet) 2. Increase of 'Cost of Sale' (P&L) 3. Increase of 'Sale' (P&L) So, I see a double impact in my P&L : 1. Increase of my Purchase : with the Bill payed to the China factory, on february 2020. 2. Increase of my Cost of Sale : each time I sell a sto
