QuickBooks Q&A
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Recently created a rule that has messed up 2 years worth of meticulous record keeping on quick books self employed. I have both my business and personal transactions running through this account. I tried to mark a TFL transaction as a travel expense but instead of the program recognising the provider, it just turned all 'card payments LTD' transactions (which happens to be 80% of my transactions both personal and business) into travel expenses and now I've lost 2 years or more of data because I didn't have a back up record of which transactions of those were business and which were personal. I have thousands of transactions which have been affected . Tried to contact QB today and they said I must manually rectify that there is no way to restore my data to 19th november 2022 when I made the mistake or when the rule was created. I am now going to be very wary as it seems the programme cannot identify the provider of the service(visible when you click on the transaction) but only the 'car
I would like this client to show as a client of the accountancy practice rather than a separate company on my login. I also need my colleagues to be able to have access to this client's Quickbooks
Moneys from company and from lender (mortgage) are transferred to solicitors, most of which are then transferred to the vendor and some kept by solicitors for their charges,and disbursements.Presumably all this is recorded with a journal entry, but how do i categorize/classify the stage where the money is at the solicitor?
Hi, When a client invoice is prepared, sometimes the billing address shows a wrong name or title. I amend it but it won't save it. When I go to the customer "card" to check the name etc. it is correct, and I do not see where the billing address is getting the old name or title from.Any ideas please as this is a recurrent issue.Thank you.Heidi.
there is a category for materials and supplies reinbursed but it is not that it is a refund for an overpayment
I have PayPal setup as a Bank. Lots of income via websales, also some expenses come out of this account. I was advise to set the bank as Cash in Hand type, and review sales transactions as Sales receipt - this way they appear in the sales tab otherwise they appeared as a negative expense. This is Ok bu I cant split a sales receipt into 0% and 20% VAT portions - any advice welcome
Heya, I bought equipment for my business and would like to use the "down writing" method to claim it against my profits. I know how the system works, but trying to find out how I input it correctly into Quickbooks. Thanks
My understanding of the reference field (e.g. where you type in a check number) is that you are free to enter alphanumeric numbers - for example, A101. But for some reason I can't confirm through searches, etc. Can someone confirm that ref can contain more than numerals - that there are no circumstances with exporting, ,etc. that would cause any problems?
When I enter the details from the invoice inclusive of VAT QBs makes a 20% deduction on the VAT inclusive labour charge. How can I get it to deduct from the VAT exclusive charge?
I want to continue with Qb just change payment details. Do I cancel the subscription and then get an opportunity to add new payment details?
I am splitting an income amount that is a transaction from my bank showing as income. When I try to split this into income and anything else for example expenses, I sometime get to split by percentatge and sometimes by amount and it seems random as to which option I see. Why is this and how do I change the option from percentage to amount?
I use the balance sheet code accrued income as the destination code for our service income. When this income is recognised i journal from the balance sheet to the P&L.Can this same income be posted against a project? So that the P&L recognises the income but the projects show the relevant income related to that project?Many thanks in advance for any help.
