Payments
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I am flipping my first house. I paid a contractor from my personal funds. I paid him in cash without depositing it into the business account. I was not thinking about how I would put this into QB. At a loss as to how to account for this when I didn't have any record of it in my bank account. I have to send this contractor a 1099 Misc. I entered an "other current liablility" as a shareholder loan. Made a journal entry for the payment to the contractor. However, the payment doesn't show up on his 1099 summary. Any help would be appreciated.
hello, I am the financial analyst for a company where we do contracted general management operations for other businesses. What this means is that we get paid in bulk at the beginning of the project and we use this resources in order to manage their hiring processes, casting and training, etc... We make a profit out of the payment, but most of it just covers cost. I am worries that this will bump our gross income to an unreal amount. How can I categorize this in quickbooks so that it doesn't show as income? let me know if I have explained myself correctly. thanks
Can I put people on reoccurring monthly subscriptions with the online app? If I want someone to be on the subscription last three months or four months or 12 months etc., can I customize how long their charge before it ends?
The setting for Selecting Echeck Processing as my landing page does not stick. The Charge a Card screen automatically pops up when I log in, despite many efforts to change that.
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I went to search for my last month invoices and it says that I have no history of any customer invoices. I have no idea how to get them back under the customer transaction section.?????
How to charge for a percentage of an estimate? I sent an estimate for a large project and it was accepted. We need to bill for 10% of the original amount. Is there a way to charge just a percentage of the original amount? When I tried doing a balance Fwd statement, it includes other open invoices for the same customer. How do I limit it to just this transaction/project for this customer? Or is there another way to charge a specific percentage at a time?
We bill on the 1st and 16th, and include a current statement with invoices. The statement shows transactions just fine within the date specified. But, the statement does NOT show the status of an invoice, either paid or open. So customers often phone in claiming that invoices shown on the statement "have already been paid, so why is it showing up on the statement". It would be best to show the status (paid or open) of the invoice on the statement. Can someone please explain to me how to show invoice status on a statement? Or if it is not possible, any suggested workarounds to make it clear to customers which invoices have been paid and which are still open. We are using QB Pro 2016 desktop Thanks! Mark
Looking for recommendations for a POS system that integrates with QBO, tracks inventory, and is scale (weight) capable.
How and where do you enter a reimbursed expense?
I set up a new reoccurring payment on client's Amex. Do I need to generate a reoccurring invoice too? ...and then tie the two together?
Hi, I have some limited accounting experience and am setting up a business account in Quickbooks. My question relates to rental properties. I purchased a property all cash in 2017. Once the property was fixed and rented, I obtained a mortgage to pull out some cash. How do I account for this? In my banking account linked to QB I have: Cash in (wire from lendor / bank)Cash out (paid to my personal banking account) Would this be categorized as mortgage, owner's investment or something else? If anyone has experience with this I would appreciate it. Thanks!!! Chris
I do not want my invoices to reflect partial payments and to only show the balance owed. Please advise on how to fix the template.
I have a client (Company A) who has an American Express (AmEx) credit card setup in their QB company file. Since the beginning, when the Company A company file was created, the owner has been making payments on the AmEx card using their Company A business checking account. The owner of Company A recently opened another business (Company B). In June the owner made the AmEx payment from the Company B bank account instead of from the Company A bank account because she didn’t have enough money in the Company A bank account. Going forward the owner said the source of the AmEx payment will depend on the month, based on which account has the funds to pay so this scenario could happen again. Since the AmEx account is set-up in Company A's QB company file how would I make the entries in Company A and B’s QB files when the payment comes from a company file that doesn’t have the AmEx card account in it? Company A and Company B have separate checking accounts. &
