QuickBooks Q&A
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Hi,Both me and my partner are directors of a new business and I am the one doing the accounts side of things. When we first opened our bank account (business) we transferred money from our own account to the business account to pay for things. How do I treat this and were do I post this too as this is money we have never taken back yet? We have also paid for items from our own personal accounts so how would I enter this into our books? Also were would I reconcile the above? Can I also ask so sorry but when you download your transactions from your bank and then you match or add anything as we buy from shops so only have receipts would we need to put each receipt into the expense account so it can be reconciled or does this bank do this once you match amount with receipt? Thank you really appreciate any help that you can give.
I'm using the OAuth2 flow to login into a third party app. However after logging in (and still on the QBO authentication screen) I cannot continue if I don't setup "Payments". This screen is still on QBO for the avoidance of doubt, not from the third party application
just wondering why there is not an automatic message on invoices when the DRV vat codes are used. Is it jsut me or is this a major oversight on behalf of QB when it became law 18 months ago
Hi, I have just gone self-employed and have been using the trial version, however when I now try to subscribe to the self employed package - i get an error message 'Oops! Your order was unsuccessful.' I have tried two different bank accounts and both direct debit & debit card options and all fail. After an hour on the phone this afternoon I was passed from one person to another none of who could answer and solve my question. Can someone please help - my trial ends tomorrow and I don't want to have to enter everything again if i can help it. Many Thanks - T
I can't get my cis submissions to work correctly to file them through QBO. keeps saying wrong credentials even though I have checked them over was over. they are the same details as my PAYE and the works fine
We are a new operating company (August 2020), and now have over 52 employees (Oct 2020). We run payroll via Direct Deposit, however QB has us locked at a $40,000 limit. Our net payroll (bi-weekly) is $65,000, meaning we have to write over 15 EXTRA cheques above our DD pays. This is extremely cumbersome with two cheque signers, and we are expecting to grow above 75 employees by Q2 2021. Our bi-weekly payroll will be pushing $90,000 at this point. The point of my complaint is this - we have continuously applied, spoken to advisors, escalated this issue - with NO resolution whatsoever. We have been passed around between people who have no idea what our issue is, and been told by the automated system we are declined for an increase to $65,000. The staff will get paid no matter what. Whether we pay them in cash, cheque, DD, pennies, etc - they are getting their payroll. Why is QB governing the amount we can send them via Direct Deposit? Our bank can worry whether we have the funds. The
I feel that recording my donations as deposits rather than sales receipts gives a more meaningfull picture as I haven't actualy sold anything.
Hi All. This is my first question on this forum, and I'm hoping someone here can help me. I have 2 credit card payment methods to pay for my QuickBooks subscription. How do I delete one of the credit cards in the QuickBooks's system?
The Green Tick Box is Showing Companies as VAT Enabled - But We cannot file any VAT Returns whatsoever and VAT is not showing up in the Accounting Gear Wheel for any of Our VAT Companies.
I have around 150 licenses (accountant billed) I always get into a muddle when I am trying to allocate one to a client. Can someone guide me on the process please? If I go to edit it seems to take me to a set up menu then asks for a subscription and I have a terrible job getting back to my practice!
Hi I need to write off some fixed assets. I think the journal will be: dr accumulated depreciation - computer equipment £6319cr original cost - computer equipment £7123dr loss on disposal - computer equipment £804 Is that correct? I'm ok with the first 2 lines of the journal but don't know how to create the account for "loss on disposal"Can anyone help with this please?
Ive searched on here and can only find solutions for 'advanced payroll' or old answers for the old paysuite. I'm using the standard payroll that is integrated in QBO. I cant figure out or find any options for adding an attachment of earnings order from the court to an employee's wages. Does anyone know how to do it?
We are a UK registered charity. As such, we are required to distinguish in our accounts between three categories of income/expenditure: Unrestricted, restricted and designated. How is it best to do this in QBO?
I'm using QuickBooks to record the transactions of my two companies, and I have already connected my bank accounts to QuickBooks. Typically, the bank accounts appeared in the banking section like tiles. (check screenshot 1) But recently, It has changed when logging into one of my companies. (check screenshots 2 and 3) The issue was with only one company.When it displays like a tile, I can easily recognize the bank balance of the account and the bank balance of the QuickBooks and the difference between them. Can anyone explain what happens here, and is there any way to change the view of these bank accounts?I appreciate any help you can provide. Screenshot 1; Screenshot 2; Screenshot 3;
This error message shows up on my screen when I try to access my clients.
Hi. I overpaid a VAT payment by paying double.HMRC cleared down the quarter I owed (Q4) and held the other half on account for the following quarter (Q1).When I reconciled my bank account I listed the payment for Q4 correctly through MTD but the second payment I listed as an expense and reconciled the bank.Now, when I want to record the second payment in Q2, I cant as it will think I am taking more from my bank account.How do I change the old Q1 second payment, now reconciled, to show it as a VAT payment in Q2. Thank you
