QuickBooks Q&A
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Hi. I need to set up custom invoices for certain customers, with the columns and titles how I need them, not in standard format. I have created and saved a template using custom forms & edited it to how I need it. I can see this template, however I am unable to use it to create an invoice! If I create a new invoice, and try to customise (as per instructions), my template is listed as an option, but when I select it nothing changes. Chatting with an expert provided no help! I hope someone here can suggest what I may be doing wrong? Thanks in advance
How to accept multiple foreign bank transactions avoiding to confirm each exchange rate ?
Hello, Over the tax year I've transferred money from my business account to my personal account as and when I've been paid by various clients. At the same time, I've been running a payroll, paying myself the tax-free allowance in equal instalments. Now I want my bank feed to reflect the salary payments to my personal account, and the rest as dividends, however I'm not really sure how to go about this? Do I create different accounts? My old accountant set up a couple of things for me on QuickBooks, and I think they made a 'Sole Trader Current Account' (I was a sole trader until May 2019, now Limited), which I've been adding the transactions to, however I think I should maybe edit these? Thanks so much in advance for any clarity provided!Idunn
I opened 2 accounts by accident I need to close 1
Hi, I need to record my business insurance expense for that we used to finance option.Let's say:Insurance Expense £10,000I Used finance for the expense and will pay £1100 as instalments for the next 10 months (in total 1000 for interest and the rest for principal)Could you please explain step by step how to record the payment of the insurance expense and the instalments payments to finance company. Thank youRiza
I accrue my income quarterly CR Sales DR Debtor using a journal entry. When I raise the invoices, they go to sales again, so I have to do a journal to take them from income to the debtor account DR Sales CR Debtor. Can I raise the invoices against the debtor account rather than against sales.
When I create an invoice for the equipment that was sold, it goes into the product and service, not into the equipment. I do not have any inventory because we are a service company. So it is very confusing to do it on QBO. How do I register the actual sale? I had passed an journal entry with 20% VAT but now the debtor amount is coming wrong as the VAT amount is not showing as receivable from debtor. Kindly help me
Operating expenses using a credit card categories ( I’m a self employed cleaner. And need to by supplies to use as these will be used everyday.I am using a credit card to buy supplies and then pay it off when the date is due. What category do I use in transactions? Does it just come under other business supplies? And also what category does a credit card come under. I haven’t linked a credit card to the account either.im just so confused
Hi, I don't record stock in/out as products in QB as I was using the cheapest plan which didn't give the option for products (only has services or non-product). I also use other sales channels for invoice generation.I'm now at my first year end and need to record my current Stock Asset value. I have upgraded to now allow me to track stock, but don't plan to go back through every transaction for a full year to add in and out stock. I have completed a year end stock take and wish to get this into QB.I was thinking that I can create an opening balance of the current stock levels for the last day of my accounting period and then track going forward for my second year. Is this correct?Or is there a way I can just push this in via. journal entry as a lump sum?
Hello,AmEx (UK) was working on updates so I could not reconnect my AmEx Business bank on Quickbooks. Now the works are over, I can still not reconnect the card account. I get an error message saying that Amex (UK) is not available in my region and that I should click ok to go back to the Intuit SAS France (!) website. Clicking ok just takes me back to my normal Intuit QBO profile. Any ideas, please? Thanks in advance.
Hello,I have received a refund from HMRC relating to an overpayment of Corporation Tax.However in the letter received it stated that a partial payment of this would be offset against outstanding PAYE.The payment has been issued and I have received the balance payment into the bank. However I have am yet to process this all into QB as am unsure of how to capture all this information without complication.Any assistance in how to process this all through QB would be appreciated.
Hi,I am switching from my usual merchant account as the fees are not worth the occasional card payment.I have purchase a MyPos Go device and I am trying to figure out how to reconcile the payments minus the fee. There were some topics in search with SumUp but I get a red message missing error so I can't read the messages. I take the payment on the MyPos device, the payment goes to a bank account they have setup for me, from there they minus the fee and I can withdraw the remainder whenever I want to to my bank account. I intend to withdraw after every transaction to make it easier to track for me. How do I allocate the payment as it is 1.3% less than the invoice amount? Thanks.
We are a UK business using Stripe Ireland for their payment gateway servicesWhich VAT code should we use for their feesThank you
One employee who is receiving State Pension is subject to both EE & ER NI by QB Advanced Payroll! Is this correct?
