QuickBooks Q&A
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I use QB advanced payroll, I am adding a new employee who has both student loan types, plan 1 and plan 2. The new employee page only allows me to choose one. Which should I choose?
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Hi all, as part of my business I sell at livestock markets. The sale of livestock is vat exempt but they charge a commission which I pay vat on, this commission and the vat due are taken off the money I receive. How can I show this in quick books as I need it to show as output tax and every way I’ve tried so far it shows as money I’m claiming back from vat
Many merchant accounts use an account called “reserve” or rolling reserve" account, where they put a certain part of your income to cover chargebacks and refunds. How should i account for this? Normally i would split the arrived settlement into sales and processing fees paid but how should i handle this reserve, to wich account should i make an entry with it?
Further info: our CIS and HMRC dont "talk" so I have to manually do this on HMRC website. Don't worry about that problem as I have literally tried everything suggested by QB. But this is linked to my actual problem. An invoice from CIS worker was entered, but someone put VAT on it and was not noticed for 2 mnths. The CIS had been returned and this invoice had been included but obviously was not correct. When noticed, tried to amend the invoice, but couldn't make it work out, so deleted the invoice and re entered it correctly. Had undone the reconciling before this. Went to re reconcile the payment to him (which was now just a part payment) and of course I had not thought that because he is a CIS worker and the CIS had been submitted this would now NOT match! so I have a payment out in the banking page which I cannot reconcile! So I researched and it suggested undoing the CIS return. But cannot because there is not a "view return" button because it says "rejected" and "prepare return".
Will the EPS still work even though its the new financial year?
My accountant is showing me on iPhone but I don't have the same options available on android
I took a QB subscription a couple of months after our business started trading and we therefore had existing transactions in our bank account - all services paid for by customers via PayPal. The transactions QB sees in my accounts are the receivables from the bank - the cost less the PP fee - not the full invoice amount. How do I update these transactions in QB to reflect the full invoice amount and then the PP fee?
example: Address - Any Steet City - London Unentered characters 'LO' PostCode - SE16 4PU
I am trying submit my VAT return and it won't connect to HMRC, the dates on the Taxes screen are 2022 and no dates for 2023. It does say there is a connection there for HMRC but doesn't seem to be communicating with quickbooks
Hi I'm very confused and hope someone can help. The PVA code is still not working for me in QB online so I've been entering Import invoices and using the RC MCCP VAT code as advised. I have now got access to the PVA Statements recorded on HMRC and have a VAT Return to submit by 30th June and have no idea what I'm supposed to do. Do I remove the RC MCCP 20% VAT code and use the 0% PVA code and then create another entry somehow and enter the values on the PVA Statement? If so will this automatically allocate the VAT to the correct boxes or should I just go with the entries that have been allocated the RC MCCP 20% code as the PVA covers most of this - there are 1 or 2 invoices that aren't on the PVA Statement and I obviously need to record them but not sure how? So confused, I'm assuming the entries that aren't on the PVA Statement are not recorded as the supplier didn't advise the carrier to allocate the VAT? Any help greatly appreciated.Thanks
The window opens but nothing plays
Hi, hope somebody can help as I'm close to throwing myself off a cliff.For over a week now we haven't been able to send any invoices to any clients. When we do we get an error message within QB online to say the invoice has bounced back. This happened one day when QB acknowledged there was an issue their side. Then they said it was resolved and are saying it's down to my email provider.They are telling me it's down to my 365 blocking the emails getting sent out. They tell me that the emails don't get sent out by themselves, even though the email address is [email address removed]. They say that they get routed through our 365 and out to the customer, and that's where the fault lies.Is that the case? Is there anything I need to check with 365 Admin Centre to get this to work? Or are they just pulling the wool over my eyes?
I am tring to create a monthly report print off. I have managed to do this for the expenses but when I do it for sales it doesnt show the vat element. Can anyone help please.
Hello I've just signed up for the self employed version of QuickBooks. Last financial year I kept income & expenditure statements in google sheets and have imported the full year. However, i've noticed that QuickBooks has rounded up my income. For self-assessment is this ok as I would have thought I would have needed to submit the exact amount e.g. £1,111.11 not £1,112. Can anyone advise me please? Many thanks Elizabeth
I need to bring in my transactions from 6 Apr to end of 2022 also
