QuickBooks Q&A
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Transactions from the bank and the invoices from a third party app are being counted as sales. My revenue is showing double the actual amount. I only need the bank transactions reported in the P&L how can I correct this?
I am a CPA who has a small business that does sales via Shopify as well as custom invoices/sales in Quickbooks. For the Quickbooks invoices, sales tax transactions appear to be recorded correctly. For the Shopify transactions, so many things are incorrect: 1) The interface has all of the tax owed to Texas sitting in the "Shopify Sales Tax" liability account instead of the "Texas State Comptroller Payable" account. 2) The Sales Tax Liability Report is INCORRECT and should not be used for sales tax filings. It has the following 3 things wrong: #1 It is including all of Shopify revenue in Gross Total, including NON-TEXAS sales. #2 It is also including sales tax collected in the Gross Total, which is incorrect. #3 It is including all Shopify revenue that had $0 tax collected (ie: in other states where we don't have nexus, which is why $0 was collected) in the "Non-Taxable" column)3) After a painful manual calculation, I paid the state comptroller what was
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I am new to accounting and I am asking for assistance on my inquiry, please. On my balance sheets, section of assets > cash on hand; it shows a value in ( ) ?Does this mean that it's a negative number or more cash on hand ? I'm really confused... Please assist
Background: we use Quickbooks Desktop for payroll and Quickbooks Time for employee timecard tracking, to calculate time off earned and manage/approve requests for time off. We only have 1 bank called Paid Time Off, we do not track vacation or sick separate. I have turned OFF the sick or vacation amounts in QBD, so it does not show on the paycheck as I am not sure which systems (QBD or QBT) balances or accruals will print on the paystub. We track time accruals on an anniversary basis, NOT calendar year. Scenario: in Quickbooks Time our PTO policy is set up as the following: Earn 2 minutes 53 seconds for every hour worked with a maximum accrual of 100 hours per anniversary year. Math = (40 hours x 52 weeks) x .0481/hour = 100 hours earned Many of our employees work more than 40 hours per week which means they meet their maximum earnings of 100 before the end of their anniversary year. The only solution I have found is to manually subtract the
Hello, I am rather new to QBO as a business owner and have taken a couple of college courses but am stumped. Hoping to get a little help. We have a number of bills that come from the same suppliers and get billed to different customers as line items and attachments on invoices. One supplier sends 4 or 5 unique bills a month for 2 or 3 different clients, but when I go in to allocate the bills to a specific client, the billable box is already checked off and the client is selected. It's as though there is a rule set up that when supplier A sends a bill, allocate to client B, but there's no rule in the list. Help!! I have to be so careful that we're not billing this one client for charges that aren't theirs. Any advice would be appreciated.
Hello - I have a negative $75 sitting in my Undeposited funds account back from 2016. I attempted to create a JE to Debit Undeposited Funds and Credit Misc. account. It will zero out my Undeposited Funds, but requires me to make a deposit. When I do this the balance returns to a negative $75. I tried reversing the debit and credit, Reversing the entry, many things - but the balance always returns
QUICKBOOKS CHECKING IS A SCAM RAN BY GREENDOT We made a payment to amex from QB (not QB apparently) checking and it did not go through. It then re tried and the second time it went through on QB checking $15k but Amex never got it. It has been over 3 months and we have received 0 help. Literally NONE. QB checking is a scam. Ask anyone from actual QB and they will tell you.
Hi, The customer wants to cancel the order and I have explained there is a restocking fee of 20% he has agreed to pay for the restocking fee.I'm just a bit confused about the final total charge to the customer. I have created an "other charge" item called "Restocking fee" and set it up in the chart of account as income. The Subtotal of the items is: $610.75The Restocking fee is: 20% ($122.15)Is the customer paying only the $122.15 or $488.60 ?
I am new to the use of Spreadsheet Sync. I took substantial effort to format the data once it was downloaded, but much to my dismay I found that upon Refreshing the report all of my formatting was lost.Is there a way to do a Refresh without using the formatting?
On the Products & Services page the Income accounts are not visible....is there a way to correct this?
Our company has QBO advance subscription. Sometime in January, we were going to review all vendors and file the 1099s, but when we logged in, we noticed that all 1099s had already been filed. No one from our team is saying they filed those. There are several mistakes and many vendors who did not get the 1099s. I am wondering how those could have been filed - automatically?
Hello,I am a super admin on QB. I added a user with role that includes 1099 workflow, access to all vendor details, etc. However, the user is not able to access the 1099 section at all. It says they have no permission when they click ont he 1099 tab.
Is anyone using these 2 products together (QB Time & QB Desktop Payroll) ? My problem is with the hourly employees. QB Time has the option to "Hours worked on Paycheck" while QB desktop payroll has the option to "Hours Paid on Paycheck". These are not the same options and they come up with different answers. One includes sick/vacation in the calculation and one does not. Both are options but they both should be available in both products.
How do I move non-reportable payments to reportable payments for 1099's?
Is there a way to use a Star TSP100 POS receipt printer in QuickBooks Advanced Online to print invoices for customers? We were using QuickBooks POS and have now moved to QuickBooks Online Advanced to do our retail and back-office processing. I have attempted to print, and the results are compressed and unreadable. Thanks in advance for any assistance or solutions.
I am wondering if anyone has ran across this issue: We recently found that QBO ran into some kind of a "glitch", after spending 6 hours on the phone with support trying to figure out what happened with no answer other than it must have been a glitch and I am going to have to do a journal entry to fix it. What has me concerned is that information in our system was edited by this "glitch" sometime after 11/01/24 that affected payroll information from 09/13/24. If I had not found it thru doing job costing this information would still be inaccurate in QBO without us even knowing. How can information be pulling into QBO from QuickBooks Time correctly and verified at the time that it is correct only to have it changed without our knowledge months later?
I use the same Credit Union for my business (corporation, NOT a sole proprietor or LLC) and personal accounts and they are connected. I am able to transfer funds from my business checking account to my personal savings account using the same dashboard. I do this weekly to cover my personal income tax. I do NOT write a check to do this. And I do NOT have banking connected to QB, so all the guides out there are supremely unhelpful. How do I record this as an owners draw? Is it an expense with the payee being the IRS and the category being owners personal pay? Or should it be a transfer because that is how it appears on my bank statement? Thanks in advance!
Please bring back the subject line memo in receipts! I finally nailed down a system for emailing receipts to QuickBooks, and I would put all the pertinent info in the subject line of the email (vendor name, date, invoice number, invoice or receipt amount, and customer name, and any other helpful info that may not be on the receipt itself). This was important because the information doesn't automatically populate in all the fields, or sometimes the digits were read incorrectly (or not at all). It was perfect because this subject line would show up in the memo section of the receipt or bill, so it was right there where I needed it.Well, as of maybe a couple weeks ago, presumably after one of the myriad updates, this disappeared!! I am really hoping it's a glitch because it was immensely helpful, and I don't understand why it got taken away if it was a conscientious decision. Please please please bring it back. I've gotten used to little updates messing me up in one way or another, and wo
During reconciliation, I discovered the tax payments per Intuit's tax history does not match the debits listed in our PNC bank account statement. Of the $90K+ of tax and withholding payments reported by Intuit, approximately $30K agrees to what PNC has listed in January, meanwhile $60K+ does not. PNC Bank has $98K of debits initiated by "Tax Intuit" that do not agree with the amounts listed in Intuit. It's a mess!
HelloI still have an issue with price rules. Setting the correct price rule for a customer, it gives me a too low priceIf I check in the customer center that customer and check the price rule, two customers come upAny idea?Thanks!Jurg
I have an invoice that was for the item shown. There is only one line on the invoice for the hydrocloric why is it divided up so many times?
For reporting purposes, how to get payroll pay types to report by type under Wages after having recently upgraded to Premium, statement of activity reports all payroll as a lump sum under wages. I need to see each account reported individually.
I reconciled and entered the wrong ending date. I researched what to do and everything says to go into the register and find the transactions and change the R to a C and then reconcile again. The problem is In that month there were no transactions. I just want to change the ending date.
