QuickBooks Q&A
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Should I just bring over from todays date or do I match up whats coming through now from the beginning of the year> I dont want to mess things up
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I reconciled my account, but there is a difference, I cannot figure out how to resolve this.
What determines the "default" chart of accounts (COA). Tax Form or Industry? Is there something to select that will not automatically include Inventory, Cost of Goods Sold and Sales of "Product" Income? Because apparently those accounts in the COA can never be deactivated. Accounts that can’t be deactivatedThe following default accounts are created when you set up QuickBooks, or when an event triggers them, like turning on the sales tax setting. You can’t make these accounts inactive or use them for any other purpose. Inventory/Stock Asset and Cost of Goods Sold/Cost of Sales: If you try to edit or deactivate these accounts, any edits to your Products/Services will be recreated.Sales of Product Income: This is used to track sales for inventory items. This account is the default account created to track sales for inventory items, and should not be deleted, or renamed. If deleted or renamed, QuickBooks Online will create a new account to take its place.
We just started using Quickbooks Desktop Premier Contractor Edition 2021 this year and are having issues with our credit card transactions. We have a capital one credit card master account which has about 10 different credit cards associated with it. When we download the transactions as a QBO file, it will only import the transactions into that main capital one card account but has ALL 10 different cards transactions on it. The issue is different people manage different credit cards in this so we can't just use the main account to categorize everything. We have individual credit card accounts for each card but there is no way to download a QBO file on Capital One for individual cards. I've tried downloading as an excel to see if there is a way to import an excel file with all of the transactions for each card but it's far too difficult to go through the .IIF file route. If i could edit the .QBO file to change the Credit Card Account, I'd be able to change it for each card we have,
These are existing products that I already have in the system. I just need to update the price field for hundreds of products at once.
I have uploaded it from google the drive as a pdf. I have downloaded it and made it OCR'd adobe pdf and uploaded from my computer. It keeps saying: The uploaded filename or file extension is invalid. Supplied Content Type: File Content Type:application/pdf, File Name: File Name:receipt-2024.00This is after I split and code the bill in review. I cannot create a bill because this comes up. Later it throws up a duplicate orange sticker looking thing in the For Review area by the receipt I have reviewed but will not create a bill for.
I reconciled the bank account monthly in 2023 (posting all cc payments to "transfer". I just received the 2023 credit card statements today 11/1/24. In reconciling the credit card monthly statement those payments showed up twice. Matched many of the wrong ones and deleted the correct ones and then reconciled. Now both accounts are reconciled but the cc balance is off on the balance sheet. I need to correct it. Can I make a journal entry to adjust that balance?
I had a mobile deposit from July that I deposited to my bank account that isn't showing up anywhere in Quickbooks. The bank account is linked and up to date. I have refreshed multiple time and it is still not showing up. Please advise why this might be and how to fix it for this and future mobile deposits.
Hello, I have the case where a Vendor accidentally charged me $160 for something, which I paid and matched to the bank transaction in quickbooks. The vendor then refunded me the $160 but in the same transaction, added a separate charge as well for $64 for something else so the actual refund was only $96. I added the $64 dollar charge as an expense in quickbooks. I tried creating a vendor credit for $160 and then matching the $96 refund bank transaction to the $160 vendor credit and the $64 dollar expense but neither showed up as a match candidate. What is the correct way to bookkeep this scenario? Thanks,Leslie
Why is some transactions not showing for one of my months from a bank card?
Can I create a profit and loss report on 1 bank account?
Greetings,I would like to understand how to include Tax (VAT) in the purchase order and calculate automatically
How to add a second login to one bank
Hello QBO community!The earliest credit reconciliation I see in my client's QBO is for the period 12 Oct 2023 to 11 Nov 2023.However, there are transactions dated as early as 2022. I see some error in the reconciliation, so I want to undo it. I understand the error has something to do with the opening balance and some added or deleted items after the reconciliation was done. So when I redo the reconciliation, I'm a bit unsure what opening date and opening balance to use since there are transactions prior to the bank recon opening date which is 12 Oct 2023. Appreciate any answer to my query and guidance.
Hi, I cannot get my Wells Fargo banking account to download through Quick Connect. It used to work without any problems. I updated QuickBooks today and now it isn't working. When I attempt to do the download, it tells me to create a new account in QB to download to. However, the accounts are already in QB and have several years worth of banking info in them. It gives me the option to "choose an existing account," but says there are no existing accounts, but I see the accounts. Any suggestions on how to fix this? Thanks for any advice!
Hi QBI community,Just want to check. If I don't finish my bank or credit card reconciliations in one setting, can I save it and resume again later? What is meant by "Finish now" button? Does it mean that by clicking it, my reconciliation is done and I can't edit it anymore?
For example, I've tagged my investments which should total a couple thousand dollars, but when I go to reports > tags > it lists investments as $0. Same for other categories. Some categories are tabulated correctly, though. I have no idea why some of my tagged items have registered while others have not.
