QuickBooks Q&A
Recently active
My consulting business is LLC filing as S. Just me and my wife as owners / employees. We pay ourselves monthly, billing our clients bi-weekly. We have no need for additional owner equity. We'd like to end the year with $0 in the bank, but practically that's not possible since we have to run payroll 12/31 to pay ourselves for December. So we accumulate customer payments in December for a paycheck in January.But on December 31st of 2023, we ended the year with more money in the bank than required. This was attributed to us on the K-1 and was taxed on our personal returns. I want to withdraw this money from the account before the close of 2024. How do I record the transaction so that it's not taxed again?
I used HELOC funds to purchase a company vehicle. The bank gave me a Cashier's Check directly from the HELOC funds, funds were not deposited into business checking acct.I will use company funds to pay back the HELOC. ( I have already made a couple of payments but I have not entered anything in QB yet.)I do not know how to go about posting the transactions.Also in reading Q&A's about vehicles "loans", I'm supposed to make a depreciation acct and I am not sure what that is about or how to do it. Thank you helping me.
Hi, We have a server and 3 workstations that use POS v19. We had an internet problem last week and was able to get 2 out of the 3 working and communicating with the server. For some reason, the 3rd computer won't connect. I specify the server name and company name that is on the other 2 and it doesn't connect. We've had IT guy out here, and he updated QB, Windows, verified the connection and firewall settings are the same on all 3, but can't seem to figure out why the 3rd computer won't connect. We also tried deleting the files in the C:\ProgramData\Intuit\Entitlement Client\v8 folder, as per an article I read here, as well as renaming the WSActivity file in C:\ProgramData\Intuit\QuickBooks Desktop Point of Sale 19.0\Ini. Nothing worked. Any ideas? Thanks.
We have exceeded 14500 records. we want to delete some records would free up for more entry. how do I delete customer records in bulk? i did the export into a spreadsheet edit the sheet. now i need to updated the records, I don't really understand the import part. I save the file but when i import it i get the message that says the sheet is not correct format. also another option I get another sheet opens up with instruction and and says paste the data here. the header is not the same as my exported file. can anyone direct me to a right way of doing this? Thanks
Hello! We currently use Quickbooks Online Pro. We want to implement the ability for a customer to sign a document digitally, be it an estimate, contract, etc. I looked into Docusign, but we would need to upgrade to the Advanced version. We just upgraded to the Pro, and financially we can't go up to the Advanced!Any suggestions how we can add an e-signature for customers without having the Advanced version? Thank you!
Does anyone know if you can purchase a perpetual license for QuickBooks 2021 Desktop for Mac
Original commenter did not share additional details
We are a company using a lawn care service and I need to know if we should send a 1099MISC to them in Iowa. We paid well over $600.
I missed collecting Health Insurance from an employees paycheck. When in it was caught I for some reasonapplied his extra payment to Cash advance repayment instead of Health Insurance and now it is showing upin the Payroll Asset account. How do I move this to Health Insurance (pre-paid) ugh, from Payroll Asset.Thank you for your help
I have received numerous emails from SimplyInsured stating that the notice from QB regarding ending automatic deductions for SI is "absolutely false". I'm not sure who to believe. Does anyone have more information on the truth of this issue?
With using the Advance Pricing feature of Desktop Enterprise, I am trying to find a way to view all inventory items and for it to show the quantity discounts. Some of my items but not all have quantity discounts and none of them use the same %. Any item with a price break if you buy "X" are a certain $ amount off but not all items use the same discount. When I view "Inventory List" I customize columns and export and I can not pull the column that would show the quantity discount. All I can see is "cost", "avg cost" and "price". I am changing prices and if I change the "price" it will change my qty discount price so I want to be able to view it as I change.
How do I delete a pending build that was entered by mistake?
Received an IRS notice that instead of filing a Form 941 that we need to file a Form 944. How do I change this in QBO?
I want to prepare a "Pending" invoice in QBO - to be added to before sending to client. I did this in QB desktop easily.But in QBO, I cannot find any feature that allows this. My online search was not satisfactory.Please, can someone help.
Hello. I am having the following very confusing issue hoping for some guidance. I am using fake numbers for simplicity: If I print a cash flow statement for the month of September it gives me a an ENDING cash balance of $1,650,000.If I print a Cash flow statement for the month of October it gives me a BEGINNING cash balance of $1,000,000.I would expect these two numbers to be the same. Note: While these are fake numbers, the real numbers do indeed reflect an EVEN $650,000 difference. I perform this same exercise for August rolling into September and October Rolling into November. The differences are an even $200,000 and $300,000 respectively. In my example above. The $1,000,000 Beginning represents the TRUE AMOUNT of cash we had sitting in all our bank accounts at the end of the period prior. This is true for my subsequent examples. It is the ENDING amounts in each SOCF that are off by this very even amount. There is so
My client has a negative accounts receivable balance due to migration from QuickBooks Desktop. However, this negative balance only appears when running reports on the cash basis. The accrual basis balances are correct. I have found recommendations on how to fix the issue (payment applications, journal entries), but I believe these would knock the accrual basis accounts receivable out of whack. How do I fix cash basis A/R without affecting the accrual basis reports?
Hello, I had an employee ask if he could be paid a day early on Thursday and normal payroll is on Friday. I accidently hit the scheduled payroll instead of unscheduled payroll to pay him and now my payroll is set for next week and I still need to pay the rest of my employees tomorrow (Friday). How do I go about paying the rest of my employees if the scheduled payroll week is wrong. Also will the taxes be taken out the right way.
I built an estimate for a job that was for ~$1,500. The customer accepted the estimate and I then invoiced the customer for the agreed upon 50% deposit, which they paid. However, when I view the invoice, I see a zero balance due…see the image i attached. Is there a better way to collect deposits and easily understand how much is due from the customer?
is there a way to create production lists for the kitchen?
Hello Everyone ! I am preparing a feasibility report for migration from QB Desktop to QB Online. Considering the current number of monthly transactions i am very doubtful that targets could create real problem for me in future.Can someone please guide me when using QB online what are the maximum target limits and how targets are calculated per transaction ? Is there any calculation for targets ? Secondly,
I know that a transaction statement can be created that contains all invoices from a selected period of time. Is there any way I can create a statement for the customer where I select specific invoices (instead of all the invoices in that timeframe).
I have reconciled my bank account through December 2016. I show a balance in undeposited funds amount for September - December. How do I fix this since I have reconciled?
Should a notice of tax filing frequency change for 2025 be input now or wait till the first of the year?
Hello - We have 2-3 employees that we are having problems with and wanted to see if anyone else has had these issues and knows how to resolve. 1. We have two employees who have different deductions/contributions setup in their employee setup file with limits. Those should pull to the employees payroll when process payroll - but they don't. They show up on the left hand side of the screen under "other payroll items" but they do not carry the current amount to the right hand side of the screen in the "employee summary" section. Thus the checks are always wrong unless we remember to manually enter these amounts. Anyone else have this problem ? 2. We have an employee who has a 401K loan setup with limits in their employee setup file. The last time we processed payroll QB gave us an error that said the employee had paid their balance off and only deducted a small amount. The loan is no where near close to being paid off s
