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HelloI am doing the books for a playschoolWe recently received funds from the Govt which are a subsidy for two specific children at the playschool Those families applied for the subsidy based on their income We, in turn, write them a cheque for that exact amount sent to us by the Govt Would I enter that money as a liability since we owe it to the parents or as revenue ?ThanksB MacDonald
Hello, We started using Quickbooks Online in the middle of our fiscal year; therefore, we were using two accounting systems. I would now like to bring my Balance Sheet balances from our previous system over Quickbooks which we have been using throughout. I'm struggling because it seems like I need to do a journal entry to get my balances brought over to Quickbooks but then that will leave a balance in my Opening Balance Equity Account. Can I do the journal entry and then remove the balance from the Opening Balance Equity Account? Is there another, better way to tackle this?
Hi, How can I run an A/R report by class in Quickbooks Online?
Copy CC charge that includes AP (financing) and expenses . Suddenly, CC charges do not accept AP. I don't want to journalize it because I need it to show in the Vendor transactions.
Can you please find my account for me and send me an email to xxxx@xxxxxxxxxxxxxx.xxx. It will be under Kiddies Fun Trak Inc.
I am averaging about 14 or 15 transactions per hour including creating a new chart of accounts, and all transactions including opening balances, creating templates for repeat transactions, reconciliations, etc. Is that a reasonable rate of input?
The prompt that comes up in the YouTube video does not appear for me. I've tried at least 10 times.
Is there any way that I can have all my LISTS come up AUTOMATICALLY " NOT SORTING EVERY TIME" LAST FIRST (recent needed often) OLD (rarely needed) LAST. It seems to me that this would be the automatic setting as who needs to see a 10 year old item on a daily basis.
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Hi, Re: Multi-Currency, what is a "second best" solution for when you have a parent account that's in CAD (or home currency) and a subaccount that's in USD (functional currency)? QBO is telling me my sub-account needs to be in same currency as my parent account, however the sub-account in reality is USD denominated then rolled up along with the other CAD denominated subaccounts into a Core parent account (that's in CAD). The parent-sub account relationship is accurate in that this USD sub-account is part of the parent account (i.e., parent account is a portfolio/core investment account). Why I am Iooking into this is because to date we've needed to reconcile the entire portfolio/parent account in CAD which includes having to convert the USD subaccount into CAD. Yes, everything is given to us on the statement, however sometimes transactions straddle the month end close and a FX fluctuation results - something I was hoping to start avoid having to do by setting up the
I'm having issues with T-sheets syncing and T-sheet wants you to move Primary Admin role to my account.
QBO - Payment method not showing in reports even though the transactions have a payment method selected IE: Transaction Detail by Account Report
Hi there, I have enabled multi currencies. I have multiple PayPal currencies and I can transfer between CAD and other currencies but cant seem to transfer between USD and other currencies?
Foe example many clients need to allocate line in an invoice/Bill to program and a project. this will be location-class. However it only works for the whole invoice/Bill.
When the payroll is run, the process is manual and I cannot see any option to use epay.
Has anyone have experience with exporting bills/expenses from Expensify to QBO? Even though there is a merchant name on the bill in Expensify, in the export to QBO the employee name who entered the bill is being used in QBO, not the merchant's name? How to get QBO to recognize the merchant name used in Expensify for payables?
Hi, I am trying to import invoices in USD to QBO by CSV files, but QBO doesn't let me and keep showing undefined errors. I think it might be something wrong with the exchange rate. The exchange rate isn't auto-filled as usual when I change the transactions' dates. I don't want to manually enter 100 invoices in QBO - it is a nightmare. Import invoices function in QBO sucks. Can't import with the negative amount (so how about the discount and credit memo???). Please help.
I received a tip as an over payment for a invoice. To record the tip, I created a new invoice for it as per QBO instructions however it will not let me save the invoice without selecting a sales tax amount. Which sales tax category should I select to not alter the tip amount?
QUICKBOOKS 2021 PREMIER DESKTOP INSTA;;ED, ASK FOR MATHEMATICA5 FONT EVERY TIME PRINT
We use QB Desktop. When creating an Invoice for a customer we have Billable Expenses via "Add time/Cost". The "Expense" Tab is where we are picking up these billable items. They originate from Journal Entries where line items are Ticked as billable to a specific Customer Job. What is occurring is not only are these line items appearing in the Billable Expenses list but so are payments made by the Customer.How is this occurring? When entering a Customer payment, we are not indicating it is a Billable item. I don't even see the option to make it billable. Somehow the system is doing this on it's own. Does anyone know how to stop this?
We are using QBO multicurrency. We invoice in USD, however, the customer is paying us in CAD.Here's how I've accounted for this;1) Determine FX actually incurred2) Received USD invoice into USD bank account using FX determined from 1)3) From bank feed, transfer the CAD funds actually received to USD bank account, again, using FX determined in 1)Using this method, there is no way to account for FX realized gain/loss. Does anyone know how to do this correctly?
We currently have subcontractors working for us that we want to bill to clients as if they were staff, by tracked time by project. We pay these subs as vendors by creating a bill based on the timesheets they have submitted. I have set up an item to use when inputting their time so that it is expensed when input but posted to income when we invoice them to the client. When I create a client invoice that includes a sub's time, I add their time using 'adding time and costs' and selecting their time from the 'time' tab, but because I've also created an invoice for the sub in order to pay them as a vendor, their invoice also shows up under 'items', which I assume I also have to import onto the client invoice. Because I don't want to double-bill the client, I delete line item showing the sub's invoice. But should that invoice be showing up as billable to the client at all? When I use the sub's time to create their own invoice to pay them, should I be using th
