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Hi, I tried to post opening balance for inventory plus tax from statement of adjustments which we received when we bought Business.The issue I faced is that when I enter below JE QBO enters tax to HST payable default account( liability account) instead of HST(ITC). The HST is not payable but paid with purchase which we will be claiming to CRA as ITC.JE as per statement of adjustments:Dr EquipmentDr Leasehold improvementDr GoodwillDr CashDr ARDr RentDr InventoryDr HSTCr LoanCr Owners equity.... This doesn't seems right to me for inventory since I won't be able to track cost of goods sold...so I'm thinking of posting inventory as a bill in QBO to allows to put HST ITC in right account and create fictitious Bank account called owners contribution to pay bill ( inventory) without touching actually bank and once everything is entered I can post JE to transfer oweners contribution account balance to owners equity( ultimately I paid for this)..I tried i
When I click to add it won't go further when I click my firm name. Nothing happens. Have had client delete and resend. Tried to open in new browser and in incognito mode. Is this going to be fixed soon? Chat said it is a known issue. Need to access asap for filing tax return
we have two computers connected to quickbooks file. athough they are the exact same companies and are connected they have different closing dates..
My inital e-transfer bank transfer to a vendor failed due to incorrect password entry. How do I clear the additional entries in my banking feed?
I have been unable to add an existing customer to my practice for over 2 weeks. Every time I try to add I get this error-"Something’s not quite rightAn unexpected error occurred. Please try after some time." I called last week and was given a case number which today I was told it is still under investigation. I need to add this client as a new QB subscriber and find it too hard to believe that there is no wat
Hello, In the latest release for QB 2020 there was a Batch Release added: Users are now able to batch delete unlinked sales orders similar to the batch delete for invoices, bills, and checks. How does this work? I can't find anywhere that explains what or how this will work. I desperatley need to delte old files (10 yrs +) that is slowing doen my QB and duplicatin
there are duplicated bank accounts, how do i delete one of them? making it inactive,,, it still shows up on reports.
I am having enormous difficulty to access the QuickBooks addin in excel and run the update report in a macro.What is the VBA code to call this function?ThanksAuro
Hello. I’m starting to enter items for my husbands business. He mostly used his personal cards up until July so I have entered all purchases he paid for under an owners equity account. My question is how do you document the GST paid on those purchase? Right now I have the sub totals debited under purchase account and credited to owners equity account. Do I do the same for the GST in the same journal entry?
Hi allI have questions in regards to categorizing a reimbursement to an employee.1)We have made a reimbursement to the employee for purchasing promotional gift cards on behalf thru e-transfer. Since we have already reimbursed the employee-Under the banking transaction tab, how should we record this? Can I categorize this as expense and put it under the category of Promotions expense.2) Given that I have updated the banking transaction (from #1), Do i still need to create additional entries on this?(Other processes that i need to undertake) If so, how to do it and will this double count given that we have already recorded in question 1?Thank you very much for your help on this!Many thanks
I have lost thousands of my transactons from bank.Need help
