QuickBooks Q&A
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how do i inform hmrc?
I recently bought two of your subscriptions, one was cancelled and refunded. It now looks like I still have multiple account using two different email addresses. I now need help in fully cancelling the one I don't need, so that I am free to use my original email address etc. Thanks
I own a rental property that has increased in value. I've been advised to record this in an Equity account called "Revaluation Reserve". Looking elsewhere on the QB Community, I've seen that this should be balanced against an "Other Income" account called "Unrealized Gains/Losses". If the house has increased in value, is it correct to put a debit into "Revaluation Reserve" and a credit into "Unrealized Gains/Losses"?
I have pre-fixed each supplier invoice number with a three digit number followed by a space, a hyphen, a further space, then the actual supplier invoice number. This allows me to search supplier invoices in a numerical order in Transactions/Expenses relating to their physical copy which is stored in same numerical order in a pdf back up file on my computer. For me, this is a really useful back check routine to locate any mis-entered invoices. However, when sorting the Transactions/Expenses column, I have found that the QBO order sequence can return some invoices inaccurately out of sequence - which makes no sense as it is a simple numerical sort request. I have checked the invoice field of these invoices in case of a rogue space, but they have all been entered correctly. Very frustrating! It's made my record keeping system completely useless. What's going on here?
Credit balance is not taken into account when customer pays a reduced amount to compensate for credit
Greetings! I checked the balance of the open VAT return. (Menu > Taxes). But that balance is not matched with the current balance of the VAT control account. Shouldn't both balances be equal? Can you please anyone explain this? I appreciate any help you can provide.
We are trying to produce a Daily Sales Summary Report (which we were able to do successfully on QBDT.We have customised the Sales by Customer Detail (nearest we could find to DSSR), but there is no option for NETT AMOUNT which is crucial to our reporting. Does anyone have a workaround?
Hi Is there any way to add in the option for Materials into the expense's category currently have all materials down as purchase.
How do zI contact Quickbooks?
Hello, I'm currently in the process of switching over to Quickbooks Online and was wondering what would be the best way of categorizing my initial business premises rent deposit. I also have a number of propane gas bottles which I payed an initial deposit for. The deposits for both the rent and the gas bottles are returnable to me if for example I moved premises / returned all the gas bottles to the depot.Up until now on my old system I categorized these deposits under 'Current Assets' in a separate account called 'Repayable Deposits' - would that be the same way in QBO or is there a better/correct way to account for these repayable deposits?
hi i am trying to fill out the employee previous year records.and i can not work out what the abreviations in the tax form are, when adding a n employee that has been with me for some time. the abreviations do not match what i sent to hmrc through sage payroll for the end of year report.
New user to QBO and somewhat perplexed by the inability to create or match existing company brand to a professional level within QBO. Found an old article created in 2018 which illustrates a level of flexibility to create a word template and import directly into QBO as an invoice template but this feature appear to have been removed in 2021 - Why? If there is no longer a solution to create professional stationery items this would mean IMHO QBO is not fit for purpose for brand conscious organisations
We set our USA clients up in USD. When i pull a report through it pulls through the GBP. I need the USD figures that we invoiced the client not the GBP. I spend hours converting them to USD to send across to the accountant as we are paid in USD. Is there a way around this without having 2 QB accounts one in GBP and the other in USD? Thank you Jean
Hi all - I just wanted to raise awareness of a bug in QBO We have foreign currency customers and suppliers Currency is USD We have regular, invoices that we simply copy - change minor details - date is automatically updated - then send We have just noticed that the foreign exchange rate (FX) is also copied and NOT auto updated, even though the date changed. The high risk (of forgetting) workaround is to change the date then change it back to the date you want in order to get QBO to update the FX rate with the relevant rate for the date on the invoice or bill. Is this something that can be updated in QBO?? How do we notify the code writers/ programmers?There is significant impact when reporting P&L Regards,Lee
Hiin my account, the billing and subscriptions tab is blank, how can i upgrade my account? thanks.
