QuickBooks Q&A
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What is the correct journal entry accounts to use to record the initial advance to fund the LOC? Thanks!
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There is not an option to input a foreign address in Quickbooks Online 1099 tab
I just ran my first payroll for period ending 12-31-2024 with a check date of 1-3-25. The GL mapping is set, however no journal entry to post payroll has come through. Do I manually have to do a journal entry to accrue the expenses and liabilities in December?
I have a client who also uses QBO for their personal finances. They have a 401 (k) and a few IRA’s. How would I record their contributions, employer matches, dividend and interest, and the gains and losses? What accounts do I need to create in the COA?
Happy New Year! I have a payment in undeposited funds that was posted to a customer's account, however the funds were never received due to customer disputing the payment (an invoice was created and payment was posted to the invoice in Nov.) A new invoice was created and the customer has since paid the new invoice and payment was posted to the new invoice. How do I clear out the payment in undeposited funds that was never received?
I have two payments received in late December that I am just sending the receipts for, now, in Early January.Can I date the receipts in late December even though I am sending those receipts in early January?
Intuit e-filed our year-end 2023 form 940 which indicated that a payment of $420 was due (FUTA tax credit reduction payment). But Intuit said they could not pay it and I should pay it directly to the IRS. Now I need to update the payroll liability account so I can categorize the tax payment that I made. But there is no entry for $420 in the liability account. Since I am using quickbooks on-line full service payroll, there is no option for me to adjust payroll tax liabilities
I would like to see where all of my money went last year, broken down by the company or contact that was paid, with total$ for each company or contact. Is that possible? I want to see what to cut out in 2025.
I purchased an existing business Jan 1, 2023. Their existing QB was "imported" over to QB online. There are many entries that no longer apply, such as liabilities that didn't transfer with the sale, etc that do not accurately represent the business financial records. To get a fresh baseline with QB, Should I 1. Delete or otherwise remove entries that no longer apply i.e a cleanup and keep moving forward with this QB online file 2. Do I purchase a new QB online subscription, export the only the entries I need and then delete the old QB online and start off with the starting balance back on Jan 1, 2023? Is there another option here I'm not aware of to clean up QB for my company?
Can I remove this total?
Hi, I'm trying to reconciliate my bank feeds, but I get this error once i add up the total transactions associated with this
I would like to know why my unapplied cash payment income has about 20K in there. Here is my situation: I collect a retainer from my clients for the services and post it to their account as credit. I create an invoice at a later date and apply the credit from my client as a payment and send the invoice to the client for the balance amount. I have been doing this for the last 4 years. I did not have a problem in QB desktop. But even though I apply the payment to the invoice and make sure it is matched to the right one, it still shows a lot of them as under unapplied cash payment income. I called QB support and they said they have to do something in the backend and waited for them to call back. But nothing happened. I got an email saying that they closed my case. The support team have no clue as to why this is happening and cannot help me. I have called them numerous times. Is there anyone who can help me fi
desktop premier 2024, windows, all software up to date1-2-2025, updated our prices, then updated price levels for special customers. this was done on client pc to a server pc in same office.tested invoices for customers with price levels and it calculated the correct % but it draws from the 2024 (old) prices! On 12-31-24 these price levels were all working perfectly.tested invoices on customers without price level assignments and it correctly drew the 2025 prices.spent 45 minutes "verifying" data, no problems there. Intuit now recommends rebuild.Any suggestions appreciated!
**INFORMATION ON W-2 FORMS IS INCORRECT**Box 3 only allows the maximum social security wages of $160,200 which is the 2023 maximum and the calculated amount for box 4 of $9,932.40.The correct maximum for the 2024 year is $168,600 and the calculated amount for box 4 should be $10,453.20. The software does not allow me to override box to the correct maximum of $168,600, it states that Box 3 is too large.Intuit support for that software seems to be non-existent. Any advise would be helpful.Thanks for your help.
I recently received a letter from the IRS that said, I needed to file my W-2s trough e-file and that I also needed to create a TCC, in order to e-file. I also created an account with ID.me. I have never utilized the option to e-file through QB, I have always mailed them. So, my question is if I e-file through QuickBooks now, do I need to file again using my TCC number or does that cover everything, just filing through QB?
I am constantly updating client email addresses (building managers change often), and lately, when sending invoices, the system will revert to old client emails that have been deleted from QB entirely. How do I purge these old emails? Clients are getting annoyed with constantly telling me so-and-so doesn't work here anymore.
Quickbooks online... I can log in but my company will not come up. Anyone else?
Logged into QBOP to update my new WA State PFML Rate for 2025 this morning. Went to Settings->Payroll Settings->Washington Tax->Paid Family and Medical Leave. The good news is it notified me I had to update my 2025 rate before running payroll and the drop down menu allowed me to choose an effective date of 1/1/25. The bad news is the rates presented in the other drop down menu are still the rates for 2024 (Employee = 71.43%) not the rates for 2025 (Employee = 71.52%). Also, since it doesn't display the overall premium rate, which also increased to 0.92%, I have no way of knowing if that rate remains the incorrect 2024 rate or the updated 2025 rate. I've attached my notification letter from the WA ESD office which shows the new 2025 rates. Intuit, please fix this before I run my first 2025 payroll in a couple days! This is especially important as WA doesn't allow employers to retroactively withhold from employees due to incorrect rates on
I upgraded from QB 2019 to QB 2022 since 2019 wasn't going to be supported past May 2022. Soon after I did the upgrade I started having problems with company file corruptions (rebuild did no good) that led to a point where as soon as I started QB and logged in, the program immediately terminated. I was told my company file was corrupted so I sent it to data services for repair. They returned my "fixed" file but the file was missing quite a bit of data like social security numbers for my employeese and other important fields such as my bank feed information. I entered all the missing information and reconnected the bank feed to my bank accounts. Now the problem I'm having is that when I do a bank feed, the transactions downloaded from my bank (as old as two years) duplicate the transactions already in my check register that were downloaded before my company file was fixed. I suspect there is a hidden field associated with bank feeds or the
For some reason, some of my employee pay stubs have Qty instead of Hours on them. I've checked everything and it says Hours everywhere it should say it. Employees are always set up the exact same way and I've even looked in Company Preferences. Any idea why this would happen for hourly employees?
