QuickBooks Q&A
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I'm a writer and use Quickbooks Selfemployed to do my tax return. I've recently received an advance, further payments will come over the next couple of years. HMRC advise that I can use authors averaging to average out the income, as authors have lean periods and then income in bulk https://www.gov.uk/government/publications/averaging-for-creators-of-literary-or-artistic-works-hs234-self-assessment-helpsheet/hs234-averaging-for-creators-of-literary-or-artistic-works-2020. Can I use Quickbooks both to show this and input it to my self assessment form?
Suddenly the app thinks I'm yet to create an invoice though I have about 20 open that I can see on the desktop? What's going on?
I need to add to one of my saved invoices and it won't let me??
Hey, When getting ready for our annual audit we have found a number of overdue bills. When I go to the supplier profile, I can see that there is an item of expenditure for the bill linked to the bank transaction as well as a bill. Is there any way to merge these two transactions into one?
We have had a look and cannot see anything obvious that can give us this specific detail for our re-enrolment month.
Hey. I want to make sure I'm recording this correctly because my parents paid for the asset and I'm not sure what to do with VAT. I checked the community for how to set up a fixed asset and set it up for depreciation. I don't have an accountant but when my self-assessment date comes around I'll hire one to help with recording the depreciation right etc. I'm a sole trader, only had my business for about a month, and not vat registered but the supplier is so I paid vat on the device and the shipping. Device (£795) + VAT (£159) = £954. Shipping (£8.95) + VAT (£1.79) = £10.74. Total paid: £964.74. Here's my step by step:1. Went to Chart of Accounts and clicked new. Account Type: Tangible Assets, Detail Type: Machinery and Equipment, Name: Celluma LED Device, didn't select a default VAT code, ticked Track Depreciation box, Original Cost: £964.74 as of: date I purchased it. Should I put the full amount I paid including shipping and VAT, or just the device cost: £795? And if I
I seem to be having issues when I try to create an invoice on QB Online. Since yesterday when I try to save a completed invoice or send one to a client the amount on the invoice is set to paid???
The report Purchases by Class Details take the data from the Item Details only, it seems? So why there is a field class in the "Category Details" . I do not use Items details so it seems that I can not use classes?Thanks in advance
Quickbooks self-employed recently lost the connection with my bank and I was guided through reconnecting with my bank account by a member of their support team. The connection was re-established but over 500 of my previously categorised transactions dating back to 2022 have reverted to being uncategorised. I have simply been told that I need to recategorise them. As a sole trader with limited time to spend in re-working data lost by Quickbooks and I have to say that I am extremely disappointed not only with the original error but with the way it has been concluded. I am now looking for alternative services to quickbooks to help wm manage my bank data and no longer feel happy to recommend this service to others. If you have had a similar experience with lost connections to your bank accounts I advise you to tread very carefully if following advice given by the support team.
Unable to send EPS for employers NIC rebate
QB suggest rolling back to April and changing NI code, but HMRC say the employee would not be paying NI when they should be. If I leave it until next April to change the code the employee may not be refunded the NI paid since state pension age. HMRC say the software should be able to deal with the code change mid tax year and won't guarantee repaying NI. The only solution I can see is the employee resigning and then re-joining the company.
I am trying to set up VAT on QB however I am unable to enter a date into the "when do you need to start calculating VAT from" box. It is not selectable, clicking on it does not allow me to input a date... Are there any other settings or options I need to enter somewhere?
I use the report Transactions by Tag Group. Until last month this subtotalled transactions for the period by Tag which is what I need. Now it lumps all tags together. How do I get the subtotals to work again?
UK users please: Does anyone uses Quickbooks online + Etsy shop integration? I need help with the settings (Map tax codes) 😕😕I need my UK orders to be imported with a 20% Vat included and my US orders with 0% Vat included (but without the US state sales tax that Etsy collects). Very confusing...Thanks
In quickbooks online, I am trying to do a group VAT return for my two companies together. I am using the "submit with a spreadsheet" tool, but I need help with preparing the spreadsheet. I am unsure if I should include only the VAT values of the second company in the spreadsheet, or if I should add the two companies together in the spreadsheet. Please help!
Has anybody experienced functions just disappearing? Right now I don't seem to have the "get paid by direct debit" function.
Since Friday 1 September, our bank feed to Co-op has broken with: There's a problem with this account connectionWe’re having trouble getting your bank data. Please try again later. (355) (We have 5 other bank feeds with 3 other banks, all continue to work as normal.) I have tried all the suggested fixes such as extending the permission period (did expire 7 September, so 6 days clear, but have extended to December anyway, and I have reauthorised the sign-on info,) Should I try disconnecting and reconnecting? Spoken to Co-op who state: “we believe this issue lies with a TPP – Intuit are currently investigating. I will keep you updated.” What is going on, please? When can I expect a fix? And finally, why do all the bank feed connectivity issues only affect Co-op business banking? NatWest, PayPal, Barclaycard, never have issues.
