QuickBooks Q&A
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Hi , I have run a budget and actual report and it is showing in the variance column (or QBO calls it over budget or remaining) as follows, when income is more than budgeted income the variance is a positve, which is correct, but then when I go down to costs if more costs are spent than budgeted it is still showing as a positive where it should be red negative. I know you are going to say it is showing how much it is over budget, but this is not how a Budget and Actual report is done! The variance column shows that negative figures (red) is a unfavourable variance and positive is a favourable variance.
Hi, I would be grateful for some help and clarity on Directors Loan setup in Quickbooks. I am the owner and director of a company and I need to set up na Directors Loan Account for expenses I personally incurred that are business expenses. I may also give the company a loan in the future too. May I ask what are the pros and cons of setting it up the Directors Loan Account as a Current Liability account type as opposed to setup as a Bank Account or as an Equity Account? Others in Quickbooks have suggested to set up a Directors Loan account as an equity account. So the question is what is the difference between: - Directors Current Account as a 'Bank Account' - Directors Current Account as a 'Current Liabili
Can anybody tell me where I may be able to get hold of QuickBooks Pro 2015 download. I have it installed on an old computer and have all the key and licence etc. It is only used a couple of times a year as it is more or less for a company that has ceased trading but still needs to be kept up to date. I have checked the Quickbooks website and this only goes back to 2016. Would really appreciate any help. Many thanks!
Hi I'm struggling to change vat from 20% to 5% before adding bank transactions for the same payee. The job in question is eligible for 5% and I can't change it without changing every other payment that is 20%!
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Now that W2 season is over and my employees are starting to do their tax returns, I've had several employees mention to me that they owed on their federal taxes, and asked me to double check their withholdings. It appears that everyone is listed correctly (Single, Married, etc.) with the appropriate number of allowances.HOWEVER - While digging further, I noticed that QBDT is not deducting the appropriate amount of Federal Income Tax. Examples:Salaried Employee, making $46,630/year, Single, No Allowances, Paid Weekly ($896.73)Federal Income Tax is 12% - so it SHOULD withhold about $107.61/weekInstead, QBDT is withholding only $68Hourly Employee, making $19.5/hour, Single, No Allowances, Paid Weekly ($780 @ 40hrs)Federal Income Tax is 12% - so it SHOULD withhold about $93.60/weekInstead, QBDT is withholding only $54I could go on and on, but each and every single one of my employees is in the same situation... Their information on the Taxes tab in their Employee Profile is corre
I like to add individual messages to the email that goes out with invoice but can't seem to alter it with the new format invoice. Will I be able to or am I doing something wrong?
Hi everyone, At the beginning of our business, we had a few expenses which we paid with my personal debit card. I do not want to get this reimbursed, as I see them as initial investment, but I would like to record them properly. I have seen several suggestions. One being, to record the expense as an expense (eg. +10£ at Amazon) and at the same time add the same value to the owner's investment/equity account (-10£ at Owner's Equity). While this seems to work, I have noticed when I create a report or check the supplies list, the amount spent on Amazon does not reflect this value. Something else that is also strange, is the fact that I need to register that expense into a payment account. would it not make sense that you could just select the owner's equity? Has anyone found a better way to deal with this issue? Or is there something else I am missing? Many thanks in advance, Ana
Is anyone else not able to file their EPS via Core Payroll as Quickbooks is saying there is an error.It is saying the following...... Error submitting filing electronically. Error reason:You cannot submit filings out of order. They must be submitted in chronological order. If you have recently submitted a filing, please wait for it to become Accepted or try again in a few minutes. How do I overcome this?
Cannot add HalifaxHelp
Hi, I saw few post, but they look like 5 years old and with all update, not sure if it's up to date. Also if they are, then I'm honestly confused. I have invoice which got paid via bank, but bank deducted some currency conversion fees. I do matching and then press resolve difference.It lets me add new transaction and I do it and final sum looks ok. But then I press match I get "The selected and downloaded transaction amounts don’t match. To continue, resolve the difference."But I already did this resolve difference.. I read in old post, that some extra steps are needed, but then why this is a function if it does not add auto expenses after I fill them?
total boxes for an invoice
Hello QuickBooks,Do you have any office in Pakistan or any Experts or Pro Advisor in Pakistan with whom you can connect me ?
Is anyone able to let me know if the Sole Trader option allows the user to reconcile the bank account, or is it just the accountant?
Hello,I have added customer details into my list of customers, but the only ones that are matching invoices to those customers are the ones that have automatically downloaded from my connected bank, where I recorded the invoice as paid. The ones I have manually downloaded don't link to customer and I can't find a way to link them.Any ideas how I can do that? Thanks, Sally
I'm a self employed person currently working from home for the past 12 months. I was wondering what's the best way to include deductions for things like number of rooms I use, internet bills, council tax, etc. Normally this is something I would let my accountant do but I'd like for my own benefit figure out how to calculate these values and if I can, how can I add these to my expense on QuickBooks.Thanks
Hi, I started with quickbooks in 2016 and all was fine that year. Somehow I have gotten off this last year (2017) with my balances and was hoping there was a quick fix to adjust my "in quickbooks" balance to match my "bank balance" in quickbooks (this matches my bank account balance it is just the in quickbooks that is way off). If I knew what I did wrong I would go fix it but I have no idea what has happened. Thanks for your help.
As part of my business I send a lot of invoices that are often paid in 2 parts, currently I use First Data for card payments which means that when someone pays their invoice via card the full amount is paid into my account so I can add it to the invoice via Quickbooks, the fees are taken monthly on all card sales. I'm looking to switch to either iZettle or Sumup but these companies take their transaction fee before they pay you you meaning if I take £100 they might pay me £97.50 or something like that, my question is how can I track this as if I add that against the invoice it will show as £2.50 being outstanding. How can I track this to keep the tax man happy and avoid confusion on who owes what.
In the All Sales screen, if you filter under "Type" for "Estimates", there is then an option under "Status" to filter for "Expired" , but I cant find how to mark an Estimate as "expired", which would be really useful. Any ideas? Thanks
Hi, When entering a bill and/or supplier invoice either by bank feed or manually and this supplier/service is from a company who is not VAT registered ( I am) do I enter code Zero rated or No VAT?and what about companies/suppliers who are VAT registered but have not billed VAT e.g. Advertising on Facebook. Thanks
Our CAF Bank and Unity Trust Bank accounts aren't updating?
Morning,Intuit subscription payment taken from my bank account yesterday.Price has gone up almost 20%.... again!No notification that there was going to be an increase, there never is, which i am sure is not legal.Anyone else experience this issue? How to get to the bottom of it?Thanks
Hi, I realise this has been answered multiple times but I still don't understand how to do this. When I started my business there were several bills that needed to be paid before the company had any money in the bank. I paid for these from my personal funds and created a bill for each of them in QuickBooks. I'd now like to record a director's loan in quickbooks to track the money I gave the company - so I can get paid back in the future. I'd also like to "pay" these bills with the money from the director's loan - so they can be included in the company's vat return and end of year accounts. Any advice I've found here just helps with the first part. This KB article seems the easiest way to record the loan - https://quickbooks.intuit.com/learn-support/en-uk/help-article/supplier-loans/record-director-loan-quickbooks-online/L4xmQTWCA_GB_en_GB
