QuickBooks Q&A
Recently active
Using Monzo
Hi. My Supplier Invoices and Customer Invoices are all showing 20% Vat as being inclusive of tax when being input. ie supplier invoice net = £3771.94 vat = £754.39 total of invoice = £4526.33. However when looking at the purchase and sales tax control accounts in the balance sheets there are no vat figures showing at all for those categories in assets and liabilities . But when I run a vat 100 report in 'Taxes' and look at the figures in Boxes in Box 1 and Box 4 the vat figures are there . So why are those figures not showing in the balance sheet under the Current Assets (PTCA) and Current Liabilities (STCA) ? but the VAT Suspense account in CL has the right figures . Can anyone help - have I missed ticking something when i set up the company in QB at the start of the year ? Thanks ever so much
Can anyone please shed any light on why a transaction correctly included in my trade creditor balance is not included in the supplier balance report at the same date
Original commenter did not share additional details
Our employees are not tracking.
I've just signed up to Quickbooks as a sole trader in the UK, but I'm struggling to make the tax year work. In the advanced account management settings, there is a drop down option for the tax year to start on the 6th April, but this doesn't seem to work. Despite having that selected, the P&L report is still pulling in transactions from 1st April onwards, which is skewing my records. Why is the option there if it isn't functional? Am I doing something wrong?
I am trying to wind up the tax year and am unable to issue P60's. All my historic data has vanished from before November 2024
I noticed that the 'Tax Payment' to adjust for Employment Allowance for month 12 2024/25 has hit the ledger twice yesterday. Therefore the adjustement is double counted. Is this a known bug? Can one of the payments be deleted safely? Or am I safer doing an offsetting journal to cancel the impact of 1 of the adjustments and bring the ledger back to the correct position.
I'm self employed but get all my work through a 3rd party working for Amazon. They pay and send an invoice on same day. Do I just add this as a normal invoice and date it for same day so it shows up as paid?
Date: 6 April 2025 Dear All,I posted wrong AIT/VAT monthly while submitting online vat return filing since long with Input & Output data wrongly. Now closing Balance of last Tax period (VAT) showing a huge amount due from authority.But it is not applicable. Now I need to remove it .Kindly help with your suggestion as well as guideline.Best RegradsMulti Style & Accessories
Hi EveryoneFor the past 2 months Quickbooks support people have tried to transfer my data from my company files that exist on my version on Quickbooks ie Quickbooks Regular 2005 which is running absolutely fine on my PC running Windows 7.That's no problem to me because Quickbooks Regular 2005 is running fine on my Win 7 PC. My problem exists in that I have a new PC that runs Windows 10 and I have installed Quicbooks 2005 on it without a problem using compatibility mode. When I come to open my saved company file latest.qbw a message comes up stating that the software needs updating and then it trips up. I have tried all the Quickbooks tools to help with getting it to work but nothing makes it run.I'm going to try a clean install again later today and will take screen shots of every stage of the install and will post them on here. Is there anything you can suggest I do before I try this new install? By the way we are absolutely fine using Quickbooks 2005 as we are not VAT registered
It says my bank account info has been shared but it doing actually link the bank account. When I click save after listing my business preference nothing happens after clicking save
How do I do this..?
We are a UK charity. We recently had a big donation from a corporate entity for which we needed to raise an invoice. as QBO doesn't support narrative invoices, we needed to create a custom product/service. This was recorded as Item-Type "Service" with the income-account set to "Donations:Corporate". The invoice has now been paid, but it appears on the SFA as "services" income rather than as "donations:corporate". I can't see how I can amend this other than by creating a journal. I tried editing the Product/Service to make it a non-stock item with the income account set to "Donations:corporate"Is there a way to amend the original invoice
Hi QBers, Does anyone know if you can add a "Delivery Charge" field at the bottom of the invoice that's unaffected by the "Discounts" field? Thanks in advance! Charlie
