QuickBooks Q&A
Recently active
The company is a charity supported by a VAT registered charity shop. I also need to structure the chart of accounts to support this split
TSB
I am trying to import transactions from a credit card.I cannot connect to the credit card company to do it automatically.It seems the only way to do it is to import it as cash.Is there any way of setting up a dummy bank account and then importing using csv file imports which I have been using quite successfully for another account.
I have connected zettle to quickbooks.I have also connected the bank account to quickbooks On my bank statement, I have a payment from zettle of 11.20. I open up the payment, click find match, but the amount that has integrated over from zettle is 11.40 this includes the fees. I would like to know how I match these payments for the reconciliation as at the moment it will be showing a 20p difference. If anyone could help, that would be fantastic!!
Original commenter did not share additional details
The three bars and reversing arrow is not making changes
Hi. Just signed up for quick books Self-Employed. I am a sole trader and I use simplified expenses for my business miles- with this in mind should I put my fuel payments in the personal category seeing as it shouldn’t be taken into consideration for tax relief?Also I have a set amount of money transferred out of my business account to another account weekly for my wage. Should this be tagged as personal or business (owner withdrawal). Thanks, Steve.
Hi,I'm self employed and have been increasing my use of Quickbooks over the past couple of years. In my first tax year I was only using it as a calculator, linked to my account but invoicing separately, this past year I have been invoicing through QB. I frequently have to add travel/parking expenses etc to my invoices, but as far as I can tell the way QB is set up those expenses seem to be added to my taxable income. How do I separate non-taxable reimbursements (parking etc) from taxable income (labour)? Is that possible?Looking through the help section there are mentions of Billable Expenses, but I can't see that in my settings, perhaps because I'm on Self Employed QB? I'm prepared to accept that I'm being an idiot, but I can't seem to do it.
Hi QB 2020 PremierI have a lot of invoices and I also have payments on these invoices and payments are common is there a possibility for a report to group the invoice and its payments into one report
QuickBooks has decided to end the desktop version and force users to use an online version! I haven't migrated yet but have been reading on the many failures of migration. I decided to call the sales/help line with a few questions but wasn't much help. Can someone please help with my questions. 1) QB uses MovemyBooks to help with migration but only offers 2 financial years free, what happens to the previous years? Would all transactions just start from 01.02.2022? the rest entered as a total opening balance? Or pay £900 + VAT to migrate maximum 12 years!! We have been using QB since 2003. 2) I have been told by QB sales that MMB converts all multi currency to GBP and when transferred to QBO I would have to manually change 1000s of transaction from GBP to the original currency. Is this a joke? where would one get the time to convert all these transactions? There would be discrepancies in all reporting due to exchange rates! Seems like QB has gone back to the stone age ins
I’m having issues getting my head around how to process this. Say on 1st October, £1000 of dividends are declared to be paid. I journal the money from retained earnings to dividends payable (current liability account) and this is reflected correctly on the balance sheet. I now pay the dividends out monthly at £200 a month for 5 months. If I just process the payments from the bank feed and post them to “dividend payable”, although my current liability goes down, it doesn’t address on the balance sheet the dividend paid (other expense account). I then considered I could journal from retained earnings to dividends paid, and then from dividends paid to dividends payable but I don’t think that would give me what I want either. Essentially at say 1st November I want my balance sheet to say;- dividends payable (current liability) £800.- dividends paid (current expense) £200.-retained earnings £1000 less than before.-bank feed transactions to be posted somewhere. Can anyone help
The money is in undeposited funds?
I know it can be done online - would just be more convenient in the app.
Morning all A bit of a long one so please bear with me...Having used Quickbooks for a couple of months now I am questioning if it is the right system for me, or in fact is there any system that will do what I need. Perhaps with a better understanding of how to use Quickbooks I can make it suit and provide the information I need. My issue and lack of understanding revolves around the following situation: My business is selling Industrial Coatings. Each product is made up of a Binder and a Tint and these together in different formulations produce a finished coloured coating. I have Binders and Tints as stock items on my system. Once the tint is added to the binder I sell this as a mixed colour using a separate product code on the system. However each time I make a mixed colour I don't use all of the Binder and Tints so they could last for months. My problem is how is this shown on my records. My original purchase of the Binder and tints continue to show as
The Status of invoices sent via email (Sent , Viewed) is not showing up in Sales/Customer/Invoices tabs. QBO UK Version. Kindly fix the issue asap and let me know.
I think i've found a serious bug in Payroll Advanced which could potentially effect thousands of employers and employees! My understanding is.... Under UK law holiday is accrued when a member of staff is taking annual leave, whether paid or unpaid. For example an hourly paid worker accrues 7 minutes of holiday per hour, or 56 minutes per 8 hour day. In QB under Payroll > Payroll Settings > Pay Cateogries > Annual Leave Taken There is a tick box that says Accrues Leave. When ticked, this should indicate that annual leave is accrued when annual leave is taken? Correct? HOWEVER. It actually doesn't. Employees only accrue annual leave on holiday taken when this option is UNTICKED I noticed this today when I had an employee who had 7.5 hours holiday accrued and wanted to take 8 hours holiday. When the box was ticked and I added the holiday I got a warning saying that the employee didn't have enough holiday. Which I thought was strange as adding t
We have a business loan and are tracking payments in QuickBooks Online. Is there any way to break out the Principal and Interest in QuickBooks? As these have different ramifications year-end for a write-off. We would just like to be able to see both of the numbers individually.Any suggestions are appreciated.
Dear All, I have received a gift of monies - Christmas Bonus - and a gift of money How do I categorise these on QB. I'm a sole trader but not using the self employed version. Thanks in advance
I would like to reactivate a supplier who I marked as inactive. I now have 2 suppliers called the dame and wish to merge them.
