QuickBooks Q&A
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Hi, please can someone help me? I have a VAT bill that both the HMRC and QB seem to think has been paid, but no money has ever left my account. I've phoned the HMRC and the woman on the phone was scratching her head wondering what had happened and told me to pay it manually, which I have done today. The problem is that QB thinks that my VAT bank account is overdrawn by the exact amount that the VAT bill is for. This is impossible because my business bank account provider does not offer an overdraft facility. I suspect that the problem stems from there being insufficient funds in the VAT account when HMRC attempted to take the payment - I should add that HMRC never raised any question about this and neither did I until now. Of course I moved the right amount of money into the VAT account to make the payment today and QB then thought that my account balance was 0. I subsequently made the payment to HMRC and now QB again thinks I'm overdrawn by the exact val
I've got some transactions that were entered by the last person. It appears they reconciled the transactions, then changed the amount, then voided the transactions prior to deleting them. Next, they re-entered the original transactions, correctly allocating them to each invoice. Needless to say, I have an error showing that is preventing me from reconciling the bank. Any suggestions how to fix this? I've already figured out how to correct each separate stage, I'm just not convinced doing this won't cause further problems as this all relates to the last financial year.
I have a supplier where I bought several items from. I paid them about £1250 in two payments a few days apart and I received invoices totalling about £1175 in 4 invoices over a period of about 6 weeks after I paid them. What is the best way to record this? I've tried posting the money to their account but it won't let me. Any advice welcomed.Cheers-D
It happens when we try to submit a VAT return. We submit in the usual manor but when connecting to HMRC we recieve a 'blocked' message and then we have to reconnect our ASA with QBs. This is most annoying as only the most senior person at our firm can reconnect the ASA so we are having to interupt their day to resolve the issue before we can continue filing VAT returns. This has only started happening in the last couple of months and as far as I am aware we are doing nothing different.
Hello i Have created my bills on QBs, (with the VAT) when the bills have been paid and i go to match these on banking it wont acknowledge the VAT on the bill.therefore its its not showing up i cant claim the VAT Back, i have watched loads of videos and nothing seems to work any advice will be helpful Thanks Ami
This may seem a strange one, but we have a business requirement to convert a Purchase Order (or a Bill) to an Estimate (to a different entity). I can only see how to copy a PO to a Bill, copy a PO, Copy a Bill, or convert an Estimate to a Purchase Order (opposite route). Is there a functionality to create an estimate from either a PO or Bill?
So the transaction amount is exactly double and vat code used was 20%rc
I can see that QuickBooks is able to analyse income and expenditure by restricted funds, using by using 'class' to differentiate funds. However, I've not been able to find anything in QuickBooks to help with reporting restricted funds balances for the Statement of Financial Position. I'm fairly new to this and notice that colleagues are tracking restricted fund balances via Excel, which is time consuming and can lead to mistakes. Surely there must be a way to track these balances in QuickBooks?
match transaction
I want to add an exitsing employee to a workplace pension scheme. Pension Scheme details all set up but I dont see how to add the employee or change their status as "not assessed"
I have credited several old invoices as bad debts. The VAT return has picked up the old invoices as well as the credit in the current return thus duplicating the invoices and netted off the credit
I have Quickbooks accounting now and have entered 3 clients. My own bookkeeping is on Xero which I want to convert to quickbooks too. Is this possible to do without upsetting the information I have already entered.
What package allows me to submit VAT returns
They are historic statements going back a bit. They are all currently waiting to be reviewed, obviously I don't want to just 'exclude' them as I won't be able to reconcile.
I am paying monthly subscription for QuickBooks Self-Employed at a price of GBP 12. I tried to access my user account today to prepare my tax return for this year and to sync my expenses. To my surprise it did not recognize my user account. NOW suddently it created a new account with the registered email address (where I receive the monthly subscription) and ALL is gone. My past four years expense collection vanished. I cannot believe this. Support is not even available in the evening. HOW CAN THIS BE that I am charged every month, BUT NO ACCOUNT. Please help.
Presently we cannot delete a pay schedule and surely a deactivate option can be introduced if deleting is such a major problem? I have a weekly payroll that I no longer use but I'm having to run a blank payroll every week or I can't move correctly into the new pay year in April. This is clearly exhausting and unnecessary. Come on Quickbooks, I know that you consistently make new developments and tweak your program to make it better, so please add pay schedules to your list because I believe this needs to be addressed ASAP!
