QuickBooks Q&A
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You keeping on coming live on chat and then leaving it! Very frustrating
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This is then duplicating the income received
I have the CSV file to upload the transactions again but I made loads of notes on a lot of the transactions I categorised and I'm hoping to find these again!
Our clients pay by standing order each month and then we raise and invoice once a year that then offsets with these payments. However we operate our VAT returns on a cash accounting basis. How do I record the bank receipt to go to the customer account so that is shows how much they have paid in advance but also so that the VAT element of the payment received goes on our VAT return? If I do a deposit and put to the customer, the customer account is right but it's not picking up on the VAT return. If I do a receive payment, same thing, not picking up on the VAT return. Quickbooks support suggested do a manual journal - this gets the VAT on the return but the customer account is net of the VAT rather than the gross.I could manually adjust the return for the VAT on the payments on account, but then once the invoice is raised and allocated to the payments, Quickbooks then accounts for the VAT then and would have to manually take it back out at that point which has a
Hi there, I am preparing my VAT return for first time in QBs and on the VAT return in BOX1 and BOX 4 I got the same negative amount under Exceptions.I checked the exceptions list and it includes both sales and purchases where I get really confused. Why would QBs add purchases in BOX1???FYI: cash basis. Please help!!! Thanks
please can someone help i am trying to set up advance payroll and i need help
So, I've been a Quickbooks desktop user for almost 30 years, and am now being forced to transition to the online service which by all accounts it's riddled with bugs and problems and the answer to every issue is "we are aware and working on it" but nothing ever seems to get fixed. Intuit used to provide a service to convert your data for the swap, that's been offline for ages as apparently it was broken (shock I know) and they were working on it in time for desktop users to convert. Well apparently it now seems that Intuit are unable to get it working and have had to palm it off to a 3rd party company "Move My Books", who want to charge me almost £500 to convert the bare minimum that I am required to have records for as a Limited Company. You should be ashamed of yourselves that a company that makes over $2 BILLION a year is incapable of providing this service and for treating loyal customers this way.
Hi, I try to act import invoices from CSV. All good, but I want new customers to be added as well, and there is no "customer email" column in the import interface. Ho can I import receipts / invoices, including new customers with their emails?
Sorry if this is obvious or has been asked before - I did a lot of googling beforehand and can't find anything. I bought a few things from my personal account before forming the LTD company - they were all business costs/start up costs. How do I record these in quickbooks and claim VAT back from them, without affecting the bank balance recorded on quickbooks (which is currently connected to LTD company bank account and correct)? Thanks in advance
It is the 2020/21 chart of accounts that i would like to import into QB's - this is for a single form entry primary school which is a single and stand alone academy trust
Can the Navigation Menu be moved to the bottom of the screen rather than on the left hand side, as it uses valuable screen space when looking at Sales and Purchase Accounts.I cannot see the Scroll Bar at the bottom of the screen, so it's not easy to navigate across the page.I have investigated ways to reinstate the scroll bar but i have not been able to resolve this issue, so the next best thing would be to move the Navigation Menu to the bottom of the screen to maximise the amount of horizontal data visible.
Hi there I’m not sure if this is the right board but if not I’m lost in more ways than one! I run a small shop and i don’t know what to categorise my stock as. If I buy a vase wholesale for example is that “stock”,” stock purchase” or “purchase”? I’ve seen similar questions on this but there is a lot of talk of “stock asset” but that doesn’t show up on my category selection … and I don’t know the difference between any of it. I have such a simple business (I buy things, I sell things) so I’m loathed to get a book keeping for something that seems, on the face of it, very simple. Thanks so much
Hi there,We use the Vat Margin Scheme for second hand goods for some sales. To account for this, we keep a spreadsheet of such sales (originally recorded as zero rated) that tracks the additional VAT due based on the individual purchase and sale values, and this creates a liability that we then need to post to the VAT Control account. The sales are recorded initially as zero rated, but when the specific VAT liability of that sale is calculated, we need to account for the fact that the net value of the sale has reduced, with the remainder being an additional VAT liability. An example based upon an item puchased at £100 and sold at £150 would be:-- Sale recorded as £150 net value- Actual VAT Liability on second-hand scheme is £8.34 (so box 1 needs to increase by this amount)- Actual net sale amount is £141.66 (so box 6 needs to decrease by £8.34) I normally itemise each sale in the spreadsheet, which calculates the VAT liability, and the totals I journal into Quickbooks De
