QuickBooks Q&A
Recently active
What's the difference between bank reconciliation and categorizing transactions?
Hi! We just upgraded to QBs Desktop for Mac 2019. I was tasked with doing so, and was therefore forced to make myself the admin. I need to switch the admin role to another user that already exists. How?
Why is QB stating I need to pay April 941 tax.. I did not issue a paycheck in April
Original commenter did not share additional details
I would like to change the account that receives the payment when my clients pay their invoice but I don't see a clear way to achieve that.
Please help.
Home based business invoices
I have a sole proprietorship. I just closed my books for 2021 (I know it's February, I'm a little behind) and now I want to close out my owner's equity temporary accounts into retained earnings. I have two equity accounts: owner's draw and owner's investment. I know I close them out with a journal entry (or journal entries?) on the first day of the new year. I have seen several posts like this one about closing owner's equity accounts in QuickBooks, but the answers are too brief for me to understand. I'm brand new to accounting and really need each step spelled out for me explicitly. I also found this video, which is very helpful, but it only addresses owner's draw, so I'm not sure what to do about owner's investment. Can anyone explain step-by-step how to close out both owner's draw and owner's investment at the end of the year? To make things more concrete, my owner's draw account is at -16,596.84 and owner's investment is 15,610.49. Thanks!
HiI am trying to import sales invoices for projects. For the "customer" import field, i am using the format "customer:project". This seems to work correctly as the invoice is imported an assigned to the correct project. However the only problem is the bill-to address on the invoice is being filled from the customer bill-to, and not the project bill-to. Is there any way to import project invoices and have it use the project's bill-to address. Thank youRobert
One of the projects that was part of our Company is breaking off to establish themselves as a separate company . . . I will be using QB for the new company's finances. I have duplicated my QB File, renamed it with the new Company's name . . . how do I delete all the financial data? I don't want to start from scratch. I've built various reports and have a Chart of Accounts / Class List that I want to keep. Is there a simple way to purge all of the financial data, but leave the QB "framework" in place? What if I take a snapshot of the Chart of Accounts, delete each entry, and then recreate it, would that erase the financial data? (I'm wanting to get rid of all invoices, expenses, income, etc.)
I have QB Online and no longer need QB Enterprise Desktop. But I occasionally have to access my Desktop version for reports. After cancelling the Desktop can I still go in and access information if needed?
Hi all, We have processed payroll for a few employees with a day on the 30th May. The payroll was processed 7 days before the pay date. We want to delete the pay checks for a couple of employees as we have some amendments but I have tried contacting support who have said nothing can be done? I was hoping we would have enough time given pay date is 7 days away.
I'm using 2020 QB desktop. How can I bundle/merge/combine all the items on an invoice into one line? My contractor wants to see all items charged to a client but only wants the client to see one line of materials totaled with a brief description.
I'm getting this error when trying to match a check to a credit memo on a customer account. It worked two weeks ago but I can't figure out how to fix the issue.
I have gotten all but 1 of these a few times from the reports but never everything I need.
I was trying to apply a payment to a receivable invoice but I selected the wrong invoice, however, I don't know how I deleted the actual reconciled payment, so now my ending bank balance is wrong.
i don't have any deductions so why do i need to set up? especially when none is not an option in the dropdown
If I put an invoice in the account it doubles the amount in the vendor to $800.00. Even though it was in there as a $400.00 Credit
How do you link a deposit created from a bank feed back to the customer?
After reading some of the documentation it looks like this type of reimbursement might not be available through payroll in QBO, is that correct?
