QuickBooks Q&A
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I'm new to Quickbooks so please be kind! I am a book keeper to trade but I'm struggling with QB when a payment is made to an employee on the bank transactions I have been selecting Wages Control Account at the end of the month I would gross up my wages and allocate to the correct nominal codes. On QB I see that the wages control is a credit balance I don't understand this should be a debit balance - credit bank debit wages control for me then take it from here gross it up and allocate the correct payroll categories.
HiI have to do home currency adjustments in my accounts. everything works beautifully for foreign currency for my bank accounts in my trial balance but for my foreign currency accounts receivable and accounts payable accounts the values are perfect in my balance sheet but are all wrong in my trial balance.is this normal?this is very challenging to explain to my auditors when working on annual tax returns and the adjustments we have to make cause a lot of confusion.quickbooks desktop did not have this problem.what is the solution when trying to present the correct trial balance info to my accountants in order to create our annual financial report?thank you
Is there a way of adding the pictures uploaded on the products list to an invoice? A jeweller client had this facility in another accounting system (Debitoor) and I cannot see how to customise the invoice to include pictures. Grateful for any advice
i have added this journal:dr motor expenses gross amount exempt sales vatcr moto expenses net amount 20% vat
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Is there a way to fix the addresses that get displayed on quotes? When I have First Name, Last Name, Company Name, and Customer Display Name filled in (which all of our customers do, as they're needed for the job dispatch software that rides on top of QB), I get addresses on my quotes like this: Bob LoblawBob Loblaw's Law FirmBob Loblaw's Law FirmActual adress, 123 StCity, Province, Postal Code Bob LoblawBob Loblaw's Law FirmLocation NameLocation address, 456 AveCity, Province, Postal Code And no matter how many times I delete those first two lines which shouldn't be there in the first place, it puts them right back as soon as I save. And if I delete those fields, it puts the location name in front of the billing address, where it *really* doesn't belong. How do I tell QB to stop adding things to the addresses that aren't part of the address? There are shipping and billing address fields - just display those by themselves! That's what they're for!
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Hi, I am currently paying our suppliers manually through the bank. I want to be able to run a bulk payment file from quickbooks i.e. select the suppliers I want to pay and send this file to the bank for processing. Rather than having to manually pay each supplier one by one in the bank. We could have 200 suppliers to pay so this is really time consuming. Has anyone come up with a way around doing this as Quickbooks UK does not do this, seemingly only Quickbooks US. I cannot understand why the UK version cannot do this as it is a fairly normal feature in accounts packages.
Hi team! I am a Yoga instructor and run Yoga retreats. I am wondering:How do I classify the expenses I spent on the retreat such as tour guide, accommodation etc? (Which aren't my expenses but the expenses for the whole group) Currently it is classified as other business expenses. Thanks so much!
why are my Vat payments to hmrc not showing as expenses on my self assessment
Has anyone else been experiencing issues with Quickbooks not submitting their EPS to HMRC because of an internal Quickbooks software fault?I have had an investigation open with Quickbooks for over 3 weeks and a fix has not been found. Also, what has happened to Quickbooks customer service recently?! It is absolutely appalling! I just need an answer to my issue!
I have 2 clients with the same name. all their other details are different. Quickbooks won't let me enter the new client, as it says the name of the client already exists. How do I get past this?
My card payment provider does a batch deposits for all sales in one day to my account. This obviously contains multiple sales, how can I match this to each transaction?
Hi all fairly new to this so please be nice :)I have created a few invoices for customers, emailed them over fine & had payment.I have marked invoices as paid but my income log is still showing zero ? as is profit & loss sheet?what have i missed ? I have scanned receipts into the system & they are registering fine as an expense ? Many thanks in advance for any help :)(hope its nothing really silly i have missed )
Hi, not sure if this is the correct place to ask this, please re-direct me if necessary. In August 2023 I had some expensive recording equipment stolen. I was unable to claim through my insurance as the theft happened from a car and outside of the hours they offered coverage. I have a vague idea I can log this as a loss on my self employment tax return but I have not been able to work out how! Can anyone help?
QBO Plus UK version. I have a question on Corporation Tax charge. If one wants to pass a provision for tax adjustment what sort of account does one create for the Corp Tax charge? It should be such that the P&L should show Net Profit before Tax and then Tax charge shown separately and then Net Profit after Tax. It must be in the conventional accounting presentation mode. Currently it seems the above cannot be done cleanly. Close one can come up to is to park the Corp Tax A/c under Other Expenses. There should be a better way! Help!
I'm finding lots of glitches with the Split transactions function in QB Self-Employed. 1) the percentage function is not accurate all the time - fine with things like a 50:50 split but things like a 85:15 percentage split come out as 87:13. It also doesn't apply the rule retrospectively.2) tagging split transactions is inconsistent - it looks like it as worked, but then when you look back at the transaction it doesn't have a tag. This is the same for single and bulk tagging3) similarly recategorising split transactions in bulk doesn't seem to work - you get the success message but then the category hasn't changed. Have tried multiple browsers, incognito mode, clearing caches etc. A solution would be appreciated!
Hoping someone can help as I cant work this out.I have a client who pays HMRC monthly a payment on account. These monthly payments are entered as an expense to taxes prepaid, under prepayments.My question is how do i move these payments from prepayments to the Vat quarter it needs to be allocated against. I dont want to just delete them and re-enter them in the taxes record payment if there is another way.I have tried to journal them to the correct tax account but it doesnt allocate correctly and the vat balance still shows that same amount as owing.
Hi - All new to Quickbooks, enjoying the community so far.I'm in the final stages of considering a change from Sage One (Cloud Accounting) to QBO. I want to make a fresh start with QBO so will set it up from scratch. I'm interested in anyone's experience of switching from Sage One and whether it is possible to still have customer-specific information from Sage (invoice detail including items purchased) in QBO without it affecting my new set-up.We have customers that come back 3 or 4 years later and ask for repeat items, I don't want to lose the ability to find that info. Any thoughts or experiences very welcome Thanks in advancePaul
Hi,I have managed to manually adjust my 'payment due date' on an invoice I have just created but wondered if there is a way to set it to default to 'due on receipt' for all invoices, instead of having to change it every time i create an invoice?
