QuickBooks Q&A
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Let's say I have a client that pre-pays $10,000 paid by check for pre-paid IT consulting service at the beginning of each year. So I create a Sales Receipt for $10,000 for the customer.Since this is a pre-paid credit to be applied later, then I create a Credit Memo for the $10,000.For the next 10 months, I Invoice the customer $1,000 monthly for my IT consulting service and then apply Payment for the Invoice from the Credit Memo balance. Throughout the year there will be other invoices for other sales and services to the customer with separate payments by check and credit card. I'm using QBO. I need a Monthly report to send to the customer that shows:The $10,000 sales receipt paid by check at the beginning of the yearThe $10,000 initial credit memoThe invoices for which ONLY credit was appliedThe applied credit memo payments for the invoicesThe remaining credit memo balance *** I don't want to show any other invoices or payments that are not related to the credit memo!&n
In my payroll item list I just want to make sure I have the correct items when starting 401k next year. I have: 401k Emp.Roth 401k Emp.401k Co. Match As an employer we are offering both so when I set them up (payroll item list) on the employee's paycheck I will use either401K or Roth 401K and both of them using 401k co match?
How do I record a partial credit for an inventory item? For example, a customer purchases an inventory item for $500. The sale has been completed, money has been deposited. They get home and notice damage and I need to enter a credit to their account. I cannot return the item because it is not returning to my inventory. How do I create an account to track this accurately (including any applicable sales tax)? This is not a service, but a tangible product.
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I have an order that has been cancelled. How do I put the sales receipt/ upfront deposit from the cancelled order, and apply it as a payment to another order with an outstanding balance from the same customer? Ive used the drop down on the project and marked it as cancelled. Im not sure if that has cleared the sales receipt/ upfront deposit from the upfront deposit (liability) acccount ? the sales receipt/ upfront deposit has been reconciled , so i cannot make any direct changes. thank you
We have the DESKTOP version and I want a report that shows what our profit margin is by date combined with BY CUSTOMER. How do I find this report?
We have a customer that is a government entity that we had to assess late fees on a number of past due invoices in order to get them to pay. We have decided to forgive the late fees but are not sure how to remove them without affecting the P&L. They were assessed back in June and we need to remove them before the end of the year. QB desktop 2018.
Currently using QBO essentials with QB-PayRoll. Our main bank account is synch'ed to QBO. I want to disable this, but am wondering if that will disconnect QB's access to auto-withdrawal payroll taxes on paydays? I appreciate (in advance) any help I can get on this
We are using QuickBooks Enterprise Desktop 24. For 2025 we are making many changes to our chart of accounts. After the new accounts are entered, we will need to go in and update all of the items COGs accounts and Income accounts. Is there a quicker way for this process than editing the items one by one?
I have an existing vendor, City of Madison Wisconsin. Now I have done work for it but can not create an invoice since your system says the Name is already in Use. How can I bill the City??
I use the desktop version of QB and with the upgrade to 2021 I am no unable to drill down on P&L statements to get to the detail of the balances. It used to open a general ledger. Is there some setting that I changed causing this problem?
I am using QBO Advanced and have completed several online backups with no issue. I now want to do a local backup and that seems to fail. I am an admin, I linked my google account, scheduled a local backup, 'next run' filled in correctly but later in the day, both 'last run' and 'next run' were empty implying no backup. If the backup did execute where would it place the csv file on my google drive? What am I missing, insights appreciated?
I am reviewing the transactions by vendors list. If the expense is paid by credit card, the expense shows up as a postive number. If the expense is paid by checking account, it shows up as a negative number. How do I fix this? A snapshot is attached. Thanks.
I have a new construction client who is currently using subcustomers to job cost in QBO. What are the main differences, advantages/disadvantages between using subcustomers vs projects for larger construction jobs? Spaning multiple months, $100k+. Is it worth converting the subcustomers to projects?
I invoice using line items, the column is not there to choose from when invoicing. How do I know it's going to the right account?
I accidentally created a bank register under the wrong company file (realized this after I was all done with it) and need to move it under the correct company. Is there a way to do this or do I need to go to the correct company and recreate the bank register?I am using quickbooks 2016 pro desktop
Our non-profit runs a food bank and 2 thrift stores - all in one company file. We are struggling with separating taxes, since the 2 stores are different zip codes and rates. Can Location tracking be useful here? What we see now is the way to set sales tax using our Business Address - but that seems improper. Our business address doesn't sell anything - it is the non-profit office address. The sales tax is collected at 2 different locations with their own tax code. Please, help. I can't believe this would be something new to solve.
My subscription for QB Desktop payroll ends on 12/15/2024, but I still need to print 940's and W-2's. The payroll update is ciritical as it will not e-file 2024 year-end forms until Intuit updates. Will I lose my access to these forms before I can print them? I'm retiring and will not process payroll for 2025.
Here is my problem.I have trying to build an assembly. When I enter the assembly it shows the list of parts and quantities required to build this assembly. All good. When I enter the number of units, the quantities change to reflect the number of assemblies to be built. All good.I will not have enough parts; e.g. a shortage. So, I ask for a shortage report. I would expect that the shortage report will show a list of parts needed to build this many assembly items. Instead, I get a single item report showing my assembly item and the shortage required - not the list of sub-assembly parts required to build this many assembly items.What the? This has worked in the past. Not sure what changed or what I did wrong.Any ideas what is going on?Thanks,Phil PS> I am using the cloud-based QB Enterprise 2017 version.
When selecting bills to pay, when you have many invoices and need to scroll up and down, the curser jumps around rather than staying on the line that you want to pay. I have tried clicking on different spaces on the line, in line with the amount but it true when reconciling.
I'm trying to use subcategories for expenses, and I can't find them when I try to categorize transactions.
