QuickBooks Q&A
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Hello, We have two company instances in QBO (Company A and B). In company A, I am able to record, for example, a $1,000.00 bulk deposit into our bank by matching and selecting all the customer invoices that comprise that $1,000.00 bulk deposit. In the bank general ledger, the deposit appears as a single line item of $1,000.00. In company B, however, the same situation as the above will appear as multiple customer deposits that comprise the $1,000.00 in the bank general ledger as opposed to a single "debit" to our bank balance. Is there a setting in QBO that allow company B's treatment of the customer deposit to mirror company A's deposit presentation (as a single). Please see the attached image as an example of what I want the genera ledger to look like.
WE USE AN ITEM "PERIODIC CHARGE" AT 0.00 TO LET THEM KNOW WE WILL CHARGE THEIR CREDIT CARD. I WOULD LIKE A REPORT THAT SHOWS THE WHOLE INVOICE TOTAL - OF JUST THE CUSTOMERS WITH THE PERIODIC CHARGE ITEM. I AM HAVING AN ISSUE SINCE THAT IS ZERO.
With the latest update how do I transfer cash from my Quickbooks checking account to my local business account?
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
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.
