QuickBooks Q&A
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Suspecting fraud, I received a credit card chargeback from a customer after receiving their $1000 payment via QB Payments. The chargeback amount was $1025 (including a $25 fee). The issue was eventually resolved in my favor and I received another $1000 payment via QB Payments. In my customer's transaction list I have the original $1000 payment and in my bank feed I have the $1025 chargeback expense and the second $1000 payment. How do I record the three related transactions in QBO?
Background: last year I transitioned my business' accounting system from a discontinued Microsoft Small Business Accounting 2008 to QuickBooks Desktop Pro 2020. I made initial entries to my balance sheet to match my old system as of FYE2019--including Retained Earnings. Now a year later I want to close my books for FY2020 and I see on my FYE balance sheet my FY2020 Net Income as Equity, which is fine. But, when I run a balance sheet report for FY2021, I see that my FY2020 Net Income has been transferred to a new Members Equity account rather than adding it to Retained Earnings. Why is this happening? And, better still, can this be changed? Everything I've researched thus far says that QB automatically transfers Net Income to Retained Earnings (not Members Equity) in the new FY--and that's what I actually want to happen. Thanks in advance for any insight and assistance.
My bank accounts randomly lost their connection to QB the other day. They are failing to reconnect and showing a blank field after processing the connection (I am getting an email from my bank stating they are sharing data with QB, though).I spoke with QB support over the phone, ran through all troubleshooting methods, including having them remote in to observe the issue. The conclusion: "we'll wait 24hrs". They scheduled a time to call back and never did. The following day (outside of our scheduled call) they called me, and hung up when I answered. With taxes coming up, and all my QBSE data lost, I am reaching to the community for a solution. Has anyone ran into this issue before? Who can I contact to take action and solve this issue, and report a support complaint? This company and their support has failed me miserably, and left me with no solution... Beyond frustrated.
When are you going to let us edit the email that goes with our invoices that are emailed from QuickBooks?The email automatically take our QuickBooks Company file name which is not in the correct format. This makes our invoices look very unprofessional. This has been asked of your before from several others. PLEASE LET US KNOW HOW TO GET ACCESS TO EDIT THIS. Thank you [email address removed]
I am being constantly over charged on all my ACH transfer fees I am so upset right now. I have to go through all my books now and see how much quick books as over charged me and I will be contacting my lawyer.
While preparing the 940 for year end, we got an error of overpayment. The FUTA paid for the first 3 quarters of the year totaled an mount that was $0.01 more than the amount that was calculated as due for the year. We did not have any new employees in Q4 and all the other employees had met the base calculation numbers which generated a $0.00 payment due for Q4. In processing for the final 940, QB is showing an overpayment of $0.01 and dropped a -0.01 on line 16d. of the 940. This causes an error message: "Form 940 Quarter 4 liability should not be negative or have a zero." How do we make this -$0.01 go away so we can complete and submit the form 940?
No need to mention that 1099s are not required for less than $600. I'm aware of that. I have a client that is requesting one although the total amount is less. I'd like to make my clients happy, which is a lost art these days. How can I generate a 1099 for this and other clients that want one? I've struggled trying several avenues only to come up empty. Thanks!
DEAR TEAM, I AM USING QUICKBOOK DESKTOP EDITION FOR OUR COMPANY I NEED TO MENTIONED OUR COLLECTOR OR PAYMENT RECEIVER NAME IN PAYMENT DETAIL BUY I AM UNABLE TO DO. PLS HELP AND SOME ADVICE. BR RAZEE [removed]
I am seeking recommendations for processing 130+/- W2s. My new bookkeeping client used ADP, Decision HR, and an online payroll calculator at different times during 2024. Since I cannot add last year’s payroll data to their new QuickBooks Online account, I need to merge different data sources for each employee and use a W2 processor. I saw SSA has a free service but for only 50 W2s. Plus, I have seen ads for TurboTax (which would be my preference if easy and inexpensive), Tax Bandit, and more. Any thoughts in terms of ease and cost? Also, they have minimal access and reporting available from previous payroll services. Would I need the Payroll Summary and/or Payroll Register to complete data collection and process the large W2 batch? Any other guidance would be very appreciated!
Hello,A shareholder of the corporation I’m doing the books for regularly pays for company expenses with his personal accounts and then e-transfers himself the amount from the company. How to I record these transfers in QBO, I’m not sure which accounts to use. thank you.
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I tried to connect to my bank Mercury and used Connect To Paypal app, but no matter how I tried I always got like wrong credential. I'm not really what the hell happening in the Quickbook backend when the next tab on my browser just using exactly the same credential I entered, feel kinda wasted money when I have to upload things manually.
Thank, Rich
How do I set up an employee who works and is paid in two different states?
I'm confused on modifying screens and invoices or other documents. When I open a template, it shows me what the printed form will look like, but not the screen for creation of the printed document. What am I missing to see the screen image so I can modify that? The actual screen I see when entering an invoice doesn't look exactly like the image of the screen in the template. And I have looked at every template and don't see a match anywhere. It has to be me ... somebody slap me upside my head and point me in the right direction! Thanks.
Trying to file 1099s and I noticed an INDIVIDUAL contractor's address and name were not capitalized/ spelled incorrectly. I edited them by only capitalizing letters (not changing any pertinent information) and now I am getting "Missing company name" message and cannot file her 1099. Her company name, ie display name was included and correct and had not been altered at all. I found this topic in the general forum but the page redirected back to the main page and did not give the solution. Is this a glitch of some sort or is there a way to address the problem and proceed without involving my contractor and a new W9 because she had a typo?
I purchased moneythumb onetime purchase. It’s easy to use and set up however I am about to lose my mind because when I go to import it says"QuickBooks is unable to verify the Financial Institution information for this download."If I could just figure out how to resolve this issue I would 100% recommend moneythumb. I can not tell you how many hours of my life I have spent trying to resolve this. I use qbdt 2024 enterprises for contractors and I am trying to import a years worth of credit card transactions one month at a time using the web connect so that I can assign the correct accounts to each transaction and set up rules for future imports. Fifth Third corporate credit card with multiple sub accounts but only interested in uploading everything under one credit card account since moneythumb allows me to select the card user and add there name too the end of the memo line. If anyone knows how to resolve this error I continue to receive, I would be so appreciative of your help. Fingers
Here I am again, spending hours on the software I pay hundreds of dollars for each month-but I cannot find my employees' W2s anywhere. I have tried every possible troubleshooting mentioned by the Google searches I've done and nothing is coming up-there are simply no W2s. Anywhere. My New Year resolution is to get rid of Quickbooks Payroll because it's not worth the hassle and stress this platform causes me on a regular basis. This is maddening to an already very busy business owner.
Sometimes when emailing invoices via Outlook, I get a message that says email cant be sent to outlook and I need to close windows inside outlook and retry. This happens even when there are no windows open in outlook other than the program itself. Any suggestions?
DOES ANYONE KNOW HOW CAN I GET THE LBS FOR MY INVOICING I RUN A MEAT COMP AND I DNT SEE ANY OPTION SO I CAN PUT THE WIGHTS AND THEN IT GIVES ME THE TOTAL
Form NYS45 Part C employee information and wage information is blank and Form nys 45 ATT is missing after payroll updated
Trying to set up empolyee union dues. don't know if it pretax or after tax deduction
On Intuit Online Payroll there was a simple button to export your payroll data into an IIF file for Import into Quickbooks Desktop. In the Quickbooks Online Payroll I was switched to, there does not seem to be that feature?
How and where do I record a loan we gave someone?I'm specifically asking about a loan we GAVE, not one we received.
