QuickBooks Q&A
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I want to accurately record CRA income tax payments from my bank register to reflect the type of payment made ie income tax payable, income tax deferred, income tax expense, current assets (tax payments), current liabilities (tax payments) etc but need a better understanding of the types of income tax accounts. Examples, categorize the following:a) Income tax paid in the current fiscal year for the previous fiscal year (Federal income tax expense - "other expense"?)b) Quarterly income tax installments paid in the current fiscal year for the current fiscal year but not due technically until the next fiscal year (deferred taxes- liability or asset? )c) Quarterly income tax installments to be payed/ expected to be payed by the government - scheduled but not yet payed (Taxes payable- liability? Current or Long term? )c) Accountant estimated taxes owed & payed prior to receving the actual CRA NOA actual income tax owedamount (current asset -taxes paid?)d) Income tax payment rebates or r
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I have a credit note on a customer account, the funds were refunded from bank and it was captured as an expense. The account is Nil but I cannot offset the expense against the CN which is now affecting the end balance on the Balance Shet. How do I clear it? It now reflects incorrect balances on accounting reports.
Hi,I need to migrate my data to QBOI do not have the " Export Company File to QuickBooks Online" option
I've searched on the full list but Discovery bank isn't an option
I am trying to add an employee. I enter basic info then try to edit to add full detail but as soon as I start it closes the window and opens the 'add new employee' window.
Hello,- we delivered a job late and the client doesn't want to pay.However, I have had to pay someone to produce the work at my expense, How would I record this cost (including the VAT) as a loss of revenue on QB? Many thanks, David
The advanced plan can be selected. I cannot see any specification, how it works etc? Please help
Payment allocation of invoices
i need assistance pls how do i create another company on my quick books
