QuickBooks Q&A
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Hi, is anyone else experiencing rounding discrepancies when submitting their monthly CIS returns? The report totals showing within Quickbooks don't match up with what's being reported to HMRC. Last month it was a discrepancy of 5p, and this month 4p. I know this is only pennies, but I expect much more accuracy than this with my accounting platform. :-/
CIS isn't automatically calculating on invoices
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The money has left my account and I have a confirmation email too.
I'm very new to QBO. I'm a self employed sole trader. I am not VAT registered so MTD doesn't apply to me just yet. I have a question about how to get my allowable deductions to appear in my P&L. Specifically, mileage and home office. I've had a look around the community and when anyone has asked this question they seem to be told by QB that these allowance are not supposed to show in the P&L and they are to be deducted manually when submitting your tax return. I understand that, however, as I said before, I won't be submitting my tax return using QBO for the next couple of years until I need to become MTD compliant. For now, I simply want these allowances to show as an expense in my P&L (as I include them currently on Excel). Can anyone please tell me the best way to show these transactions? I'm not sure whether to set up a bank/cash on hand account for allowable expenses and then pay the total amount each month to an owner's equity account? Or should I
Sometimes they receive and sometimes not, I have tested by including my email which also doesn’t receive invoice.
Everytime I log on into my laptop I have to go through all the setting
Which is the best way to record a Bill payment that has been made using cash or a personal credit or Debit card ?
Hi,I have emailed a receipt to my QuickBooks account - My receipts are in USD - for example $145.95 When my bank account is charged - the bank converts the USD to GBP - so a payment comes out of my bank for £114.43 This means the receipt (Banking > Receipts) does not match any of the "Banking > for Review" transactions.I have changed my account to multi-currency, and I have created a payee with USD as currency. How Do I link the $145.95 receipt to the £114.43 transaction?
Can anyone direct me as to how I can see turnover for a set period with the sales and hours shown separately.. We have a shop where we supply only, and supply and fit, and need to see the turnover for each. If anyone can help it would be greatly appreciated.
Hi, I've previously raised a number of invoices to our customer outside of Quickbooks just on a Microsoft word document as the customer requires a certain layout that Quickbooks can't do. How do I record the invoice within the system, and then when they pay will I have to allocate that payment to the invoice on Quickbooks? If so could someone let me know how. Thank you.
I named some staff members as suppliers. I then transacted with their names as suppliers. How can I change from Supplier designation to Employee designation?
Does anyone know if this is possible, or do you need to cancel the invoices, create a new client and resend new invoices?
Hi. I am currently on the essential plan. I would like to change to the simple plan as i do not need a lot of the features. I am aware that i can not downgrade in my account settings and will probably need to set up a new plan/account but I do not want to lose all my current data/pics of receipts etc. What is the best way or how can i change plans to prevent this. Thanks.
Hi allWe need to complete a self assessment for HMRC as a sole trader. We would like to add 10% of our utility bills (mainly electricity) as a expense. We pay all our utilities via personal account not connected with QB or our business (which we have a dedicated account for). What is the best way to do this? Thanks
Trying to create expenses to match payments. create new transaction button is nt working
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Next day, I post more entries, and the "Difference" disappears.
