QuickBooks Q&A
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Hi, I have a social media consultancy/management business that specialises in content creation for other business, but have recently began managing an influencer for who I plan to create commercial opportunities for within my network. I was just wondering what is the best practise for recording the financial process that this will involve on QB? I'll be receiving the fees from brand partners through my business, and then will be sending this onto to the talent minus my commission every month. I can't seem to find any categories that accurately represent either of these transactions though. Is there a more efficient way to do this? I'm relatively new to QuickBooks so there may be a simple explanation to this so I do apologise! Thanks in a advance for any help.
Can't allocate payments to invoice in the app
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I am using Quickbooks for the bookkeeping of a football club and I want to be able to report profit and loss by team. Should I make each team a different class or location. Some purchase invoices will need to be split across teams.
I've successfully submitted my VAT return and had a confirmation from HMRC, but when I check my HMRC account online, the figures for the VAT return I have submitted do not appear, all the boxes show zero. I am due a refund but according to my HMRC account no refund is due.
I use QB Premier Edition 2021 and I do not see open purchase orders on the Open Purchase Report (Reports>Purchases>Open Purchase Orders) but I have what appear to be multiple open purchase orders when I run Quick Reports. Those purchase orders are paid in full' tick marked as close.
The contents of the self-paced training module i.e. data that are being shown in the training videos are not found in the sample company (Craig's design and landscaping). Hence I cannot continue my training and badly need to get back the long for successful event as the sample company.
The existing chart of accounts is wholly unsuited to the analytic needs of the organisation.
Card issuers have programs for auto updates which we need to check on activating. For example, Visa: https://usa.visa.com/dam/VCOM/download/merchants/visa-account-updater-product-information-fact-sheet-for-merchants.pdf. How can we activate these programs for all card issuers?
this is the text string that appears on the customers bank statement, which is important as customers frequently dispute/chargeback unrecognized charges. How can I change it?
It works OK on my laptop
I have just created my own Quickbook subscription. I need to transfer what my accountant has completed already from April for me on his Quickbooks.He was saying I need to transfer his subscription to do this? is that correct i cant use my own subscription i Just created?
My limited company is not VAT registered so do I just put tax is exclusive or one of the other options and what would I put in for tax type ?
After submitting payroll FPS and EPS reflecting CIS suffered to HMRC I’ve paid the balance to HMRC via a direct debit. After matching that payment to HMRC payroll liabilities I’m left with a balance sheet entry for HMRC payroll liabilities which (unsurprisingly) matches the CIS suffered. How do I reflect the ‘benefit’ of CIS suffered in my accounts?
Hello - In my chart of accounts I have an equity already setup 'retained earnings' my company type is set up as sole trader using cash basis accounting. I can neither change the retained earnings equity account to 'owners equity' or make it inactive. As I understand it I only need 'Owners Equity' and 'Owners Draw' equity accounts?
