QuickBooks Q&A
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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
is it a deposit
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For some reason that I still do not understand my first PAYROLL in the standard payroll program did not submit to HMRC! I have just received a notification from HMRC that have may now have to pay a fine! how do I fix this?
All the information was there earlier today now it shows no invoices
Morning all, I'm having trouble receiving my latest batch of expenses receipts.I'm getting the below warning box, but cant seem to see where the issue is. Can anyone help? Thanks Rob
I have created asset accounts in the online version, they appear on a balance sheet report.the accounts are loaded into the iOS mobile app, however the iOS app balance sheet report does not show the new asset accounts.
We sell physical products and use Quickbooks to track the quantities. The stock asset account is record, the unit sales price is also recorded on QuickBooks and linked to our "Sales of Product Income" income account. The unit cost for the product is likewise recorded on QuickBooks and linked to our "Inventory Cost of Sales -COS" expense account. Each time a customer buys a product and the invoice is paid, I noticed that QuickBooks records the income under the "sales of product income" account but also automatically records the inventory cost of sales - COS expense and reduces the stock asset. While I want the software to record the sales of product income and decrease the stock asset automatically, how do I stop quickbooks from recording the cost of sales on every invoice based on the product's unit cost in the product information section?We record the inventory cost of sales after every bill from our supplier and this is a problem because the cost of sales is being rec
Hi all, The client doesn't use mileage tracker but I keep his mileage log. I want to manually enter mileage expenses and I'm not sure whether I should create a journal? (if so, what do I credit), or set the owner as a supplier? I've never done it on quickbooks for a sole trader so I would appreciate your help. Thank you
Hi all, I have invoiced a customer for a machine for £500. They have sold me another machine for £800 and raised an invoice for £300 to account for the part exchange.How do I mark their invoice for £500 as paid when the only bank transaction that occured was a payment from my account to theirs for £300?? Many thanks
why can i submit fps but not eps. i have spent hours trying to sort this with quickbooks and its still not sorted
I checked audit log. For 10months states no activity which is correct, but on banking I should see to review items to reconcile and create entries. No items showing. Lots of transactions on my bank statements
Rent. Was paid from my personal account
Hi I have two questions - the service I provide is VAT exempt so how do I enter this into qb online? Also, is there a way of calculating corporation tax? I want to be able to enter this info so I can get a tax estimate that reflects my circumstances. Thanks Denise
When I try to sign in QBSE won't load just hangs
I want the cloud version so can upload receipts on my phone etc but want to do proper details on my PC
I've recently gone Vat registered and am trying to settle up my first payment. I can click on 'Prepare return' and then submit to HMRC, but the end date of the report in next month so it comes up 'Select an end date which is not in the future' but I can not see anywhere to edit it. I've tried a quarterly report but it just goes back to this. Thanks
