QuickBooks Q&A
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additional 10% on top of the existing limits
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Hey everyone, welcome back to another Top 5! Are you curious about how to handle month-end closing, fix beginning balance issues, or unreconcile a monthly statement that has already been reconciled? If so, then you're in the right place! I'll be covering some of the most commonly asked questions on Reporting & Closing the Books. Let's dive right in! 1. How do I perform a month-end close? Thanks for asking, let me go ahead and walk you through it! Here's how to close the books: Choose the Gear icon and select Company Settings. Choose Advanced. In the Accounting section, click the Edit icon. Check the box labeled Close the books. Enter a closing date. Transactions dated on or before the closing date cannot be changed without warning. Decide what you want users to see if they try to save a transaction that is dated prior to the closing date: Choose Allow changes after viewing a warning to make a warning message appear. Choose Allow changes after v
Hello.I have an invoice that is marked as paid. That might have been my mistake. I need to mark it as unpaid so that I can resend to my client to pay it. How do I do this?I am finding it impossible to access a human agent at QB and seems much more difficult than in the recent past.Thanks
Does anyone know how to process bulk Project invoicing in QuickBooks Online where the software generates an invoice for any Project with time and/or expenses charged to it? The current "Batch" invoicing in QuickBooks Online lacks the capability to generate bulk invoices. Having to manually generate an invoice for each Project is inefficient and poor software design!
QB Desktop not calculating FUTA correct for corporate officer exempt for SUI
I realized when looking at my credit card register that it was not right. I am not sure how it has happened but the payments I have made on a credit card are showing up duplicated and reconciled. I use the bank feeds for my checking account as well as my credit card transactions. I went to delete them and they are saying that they are reconciled so I did not do that. I also tried doing one of the suggestions I read on here and went to custom report, filter-cleared -NO and selected the account. When it listed them and I clicked on all of them they all showed cleared. I tried that multiple times and same thing so it did not work for me. This is very frustrating and I need to get this fixed. I need to figure out also how to keep it from happening again.Thanks
Hello! My boss decided to A. not without taxes from our end of year employee bonuses so the number is "more impressive" and B. not file them through quickbooks because handing someone a check is "more personal." (This is our first year using any direct deposit service for payroll. How do I tell quickbooks about these payments so they properly show up on the W-2s?
Hello All!We are trying to change our bank accounts and it needs a verification code in order to do that... the phone number that is sending or calling is no longer active. I've tried calling customer support for three days now, they answer and I sit on the phone with them for threes hours and then all they can do is send me a link but they never send me a link. My employees are not getting paid due to quick books not giving me any help trying to change my account contact.. Help Please!!!
Hi! We have set up PTO using accrual - for every hour worked, they get ,025 up to a max of either 40 or 80 or 120 hours. We have found that even though they have accrued the 40 or 80 or 120 fpr the year, QB is still accruing .025 for every hour! How do we fix this so it stops accruing for the year when the max is reached?
I understand that under cash basis accounting, and unpaid bill at the end of an accounting period will not affect expense accounts. However, it appears that the billed amount shows up in account 2000 on the balance sheet. Does this not cause the balance sheet to be out-of-balance if tied to the profit/loss from the income statement?
I'm struggling with the updated version of QB Online that seems to have been pushed to us in the last month. There's two things in particular that are slowing down invoicing and wondering if anyone has any idea what I'm doing wrong: 1. Sometimes I need to rearrange the rows in the invoice - including multiple rows at a time. I used to do this by using the Command button (on a Mac/Control on a PC), selecting multiple rows, and then drag/drop that selected group of multiple rows to a new section of the invoice. Now when I use the Command button, though it will select multiple cells in the invoice, but when I big to drag the rows, everything is deselected and I can only move one row at a time (which is a lot when dealing with invoices with 100 rows to start!) 2. There seems to be a new keystroke shortcut that exits invoices. I keep accidentally hitting this keystroke shortcut and exiting invoices which I am working on without saving them
When I run a Sales by Item report, I get all the columns I need, but I cannot get it to show a column that displays the Manufactuer's Part Number. I need to see that column as well. Any tricks to display that? Thank you
I have recently been asked to handle the accounting department for a friend who just purchased a convenience store. I am fairly new at this and have been researching nonstop but seem to never find what I need to do. Long story short, we have QBO and I enter all our daily sales onto a spreadsheet. It shows the breakdown of the total sales of each account. (groceries, beer, wine, tobacco, etc) It shows how much money was brought in and such as well. I need to put those amounts into QBO each month. I do have the bank account connected to QBO so everything that goes through the account comes into QBO. I have a journal entry template set up but I am feeling though I am doing it wrong.I have Debited the following CashChecksLocal Charge Pay In (when they pay on their account) Then I credited these Local Charge Account (when they charge to account)COGS-GroceriesCOGS- tobaccoCOGS- Alcohol We also sell scratch off lottery tickets, I am not su
hello, the previous bookkeeper incorrectly put our credit card payment into qb as a credit rather than a payment. It was showing up as income. The payment was made; what is the easiest method to fix this? Do I need to unreconcile the cc for the past few months to correct then redo the reconciling? That seems like a lot of effort.
I received Accountant's copy from a couple of clients and have discovered that they have made payments to folks that should be receiving 1099s. These people were entered as "other names" rather than vendors. Is there a way I can print out a list that would have the Others along with any payments received? Or, do I have to go through each one individually to see if any payments were made to them during the year.Thank you.Lynda
The screen shot below is from the Project Reports tab of a customer project in one of my client's QBO. The first three selections produce reports for just the particular project in questions. The selection below that under the "Report for all projects" heading gives a comprehensive report for all of my client's projects. This section does not appear in my own QBO Project Reports tab. Does anyone know why? I'm assuming there's a switch somewhere I need to flip to turn this on. Any help would be appreciated. Thanks.
I am having some trouble with invoicing in this newly pushed version of Quickbooks Online. Can you please help? 1. Moving rows: I often have to arrange multiple rows in my invoices. I used to be able to select multiple rows with the Command button and then drag and drop them as a group to a different section of the invoice (Control button on a PC). Now, though I can select multiple cells (but not rows) with the Command button, when I try to drag them, it deselects to only one row at a time which can be moved. How do I move multiple rows at a time? 2. Accidentally exiting invoices: It appears there's a new short cut where a two finger swipe left on a mouse will exit the invoice screen and go to the previous invoice screen. How do I disable this? Its too easy to accidentally make this key stroke, exiting an invoice while I am still editing and not saved forcing me to re-do work over and over. Thanks!
I am having issues generating a custom report in Spreadsheet Sync. I get the message "Something went wrong. Try Again" Has this happened to anyone else and how did you fix. Also was it fixed right away.
Right now, Square shows a deposit from each day as a batch of all transactions. I'm manually entering each individual transaction as a sales receipt. This is causing my books to be doubled up. Any idea on how to match the Square batch deposit to individual sales receipts? I tried the Square app integration but it required a ton of extra work matching clients and products, and didn't seem to work when trying to match the Square input transactions with the batch Square deposits, so I ended up disconnecting from the app. Right now the only thing I can think to do is to delete the Square batch deposit that's being transferred from my bank but I don't want to mess it up too badly. Any help would be appreciated!
