Payments
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The corporation owes the shareholder $10,000. I also created an account for the shareholder loan for $10,000. Now, the corporation is paying back the shareholder loan through a salary of $1,000 per month in chequing account. How can I record this transaction in QuickBooks after finished bank reconcile?
I don't want to have to pay for both payment portals if I can just use my QB payment portal because it is integrated with my squarespace.
I am having a terrible time with QBO trying to be "smart".When I receive a partial payment for an invoice, I click on the Receive Payment and if the payment is less than the balance due (which the field automatically defaults to), I change the amount to the amount of the check I have received.Thinking everything is fine, I click Save. Now I do realize (now) I need to pay more attention before I click Save, but is there anyway to turn this "smart feature" off? My books are really messed up now... It makes no sense to me, that QBO would think that after I have selected a specific Invoice to receive a payment against, that I actually want to split the payment across multiple invoices. What is the logic here?
It's bad enough that QB steals $15 per ACH payment from a client, which adds up to multiples $ of the annual subscription for the whole software. But now, I see a double ACH fee ($30) even though the actual ACH transfer has been 'bundled'. For example, two invoices are paid to us on the same day. ACH transfer combines them into ONE transfer. QB still gets a double ACH fee - 30$. IF the transfer fee is for the TRANSFER, and there is ONE transfer. Charge me one time. Class action stuff right here, QB legal team. F you QB greed heads. Stop stealing. n
account is on hold
I have QB Enterprise Mfg & Wholesale Desktop 24 with the latest update. We recently switched vendor payments from checks (too many were stolen in the mail) to 100% ACH. So far, so good. Now the problem: We've created Vendor Credits as always but cannot apply them using ACH online payments. ACH Payment Method "Schedule Onlne Payment: Set Credits generates a warning "You can't set discounts or credits to pay bills through QB Bill Pay Service. Payment Method "Check: Set Credits works at first, but generates a "You can't use QB Bill Pay Service to make partial bill payments." when changing back to ACH online payment. How can we apply vendor credits to the ACH payment? Nothing seems to work.
We are an animal rescue. Our veterinarian bills us weekly. We have a grant that pays for spay/neuter of dogs, with a $75 copay. Instead of simply deducting the $75 from the total bill, and billing me for the balance, they credit me the $75 for each downpayment, then bill me for the total bill. This makes it complicated for me, but easier on them.This past week, I had 2 - $75 credits. I already had 2 credits waiting to be used. They deducted $150 from my total payments. After entering everything, I realized I used the wrong 2 credits. How do I go back and undo the credits, so I can apply the correct ones. I can't seem to find how to show where a credit was applied, after the fact.Thanks
I have an expense to a vendor that has been match to banking. but the bills never got linked to the payment. Show they are showing unpaid. How to I fix this
I have a client who wants me to give her a summary of what she has paid to us by year for three of her companies. What report would I run?
The unable to process a payment warning is constantly present on my home page. Why and how do I make it go away? Obviously it's paid up to date otherwise I wouldn't be able to use it.
What to when?a) a vendor sent two invoices for two separate servicesb) each invoice got entered to QBO Plus as a separate Billc) the invoices later got paid by ACH at the vendor’s website BUT the website would only accept a SINGLE payment for both invoices combined, sod) QBO Banking then added the single payment to the account register as an Expense. e) so now in QBO there are two “unpaid” bills and a corresponding single Expense that in real life paid them. WHAT SHOULD BE DONE TO RESOLVE THIS?
I Invoiced and received a payment for $13,000 from a Client who wants me to hold it until they decide what - if anything - to do with it next year. When they issue me my 1099 I don't want to have to pay taxes on the amount I'm sitting on because it may or may not be spent or credited next year, or it may go to pay fees or hard costs, etc. How to I treat this in QB Self-employed so it doesn't count as income until / only if it actually gets spent next year?
I only opened the account to be able to charge a few clients that I have out of my state and at the 3rd charge I am already having problems, a client of mine is trying to pay me with CC, but the payment is rejected, my client contacted his bank and they told him that there was no attempt to be charged nor was it rejected by them.I try to communicate to ask for help through my dashboard but I always get an AI bot that doesn't solve anything. I don't want to talk on the phone, I don't feel comfortable doing it and I prefer to do it by email or chat. Can I get help or am I doomed for not wanting to have phone support?
Our company only creates final invoices online in Quickbooks but we receive 50% down payments in order to move forward with a job. We might receive that deposit months before the final invoice is created, so when I create the final invoice I put the deposit amount in the corresponding field and QB's records it as if I was receiving that deposit in that moment when in reality I have already received it months earlier. This makes it very tricky when reconciling because I can never clear that deposit because I already cleared it months earlier when the actual deposit was made. How do I stop this from happening?
I purchase some inventory to sell with an Affirm payment plan. How would I record the inventory purchase when purchasing with Affirm. There is some interest that will also be charged depending on how long it takes to pay off Affirm. Also, I use the accrual accounting method for COGS. I typically purchase all my inventory with my business debit card but in this case I used Affirm so I am not sure how to record this properly.
We receive subsidy money for improving/renovating homes for first time homebuyers. Can someone tell me how to record a subsidy payment and the related expenses? We use QuickBooks desktop premier.
First off, I am not an accountant, and have limited QB skills. I took over as Treasurer for my church when our accountant abruptly left, and I am trying to find my way. When everything goes as planned everything reconciles and my reports are spot on. This is a rare case where I am stuck. We keep no balance on our credit card, and pay it off monthly. For some reason our payment was made twice in July, effectively giving us a negative balance, or credit, on our card. I have found when going to "Enter Bills" there is an option to change the radio dial button to "credit." Here I am able to put in the amount, and then I go down to a box called "Account", which is where I normally apply whatever expense I have to their specific fund in our budget. But since this is not an expense, but a credit, I don't know what to apply this to. Can anyone help make sense of this for me? Or am I trying to account for this "credit" incorrectly?
I have a customer that overpaid on a previous invoice. Rather than return they asked me to apply it to a future invoice. I am using QuickBooks Online and I do not see an option to apply credits to an invoice which will reduce the balance the client owes on the invoice. For example: balance owing of $75.00 but client has a previous credit memo of $37.50. I would like to reduce the balance left on the invoice by using credit. They would only owe $37.50 instead of the original $75
I'm going to try this a different way. I'm not an accountant, I'm a QB novice who does fine so long as I am not taken off course. A "Vendor" accidentally processed a double payment from my business (a church). It happens to be our credit card company, but don't fixate on the credit card part. In the end, our credit card now has a negative balance, and I need to account for this. Our credit card is not set up in QB as a Credit Card, but rather as a vendor, just like any bill from the water company or Insurance company. I get that I can apply a credit to this vendor, and have found the way to do so: enter bill > Change radio dial to credit > Choose vendor > enter credit amount > add memo if necesary. The problem I run into is the next part. Under "account" I need to choose an expense account to apply the credit to. But unlike water or electric, which have a very specific account to choose, our credit card could have an expense from a dozen or more di
Hello,I need to record a check payment to a supplier for various jobs in QuickBooks Desktop. The supplier is set up as a parent account, with different jobs listed as sub-accounts. Is there a way to allocate this check payment across the different sub-accounts?
Hello: Whats the best order to download Credit card payments into QB Desktop so the system matches everything in the right way. Download the Credit Card transactions first or download the bank account deposit of the Credit Card payements first?
