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I have a duplication as the amount is shown as income in transactions but I mistakenly input as opening balance too. New to QB so any help appreciated.
Hi QB community! I hope you're all doing well! I come seeking guidance. I have an invoice for $3,000 and it was paid through Stripe portal. Stripe charges a fee which is paid by the client. The client paid $3,105 in total. In Stripe portal I see that the fee was for $90.35. The invoice is for $3,000 so there are $14.65 dollars more (this happens with all Stripe payments). Every time a payment is made through Stripe, there are 2 automatic entries created in QB: 1) A JE which amounts to the total paid by the client ($3,105) minus the invoice ($3,000) -in this case $105, and 2) A payment which links the invoice ($3,000) and the recently created JE ($105), in this case for $3,105. Three months ago I would just register manually: 1) a payment towards an invoice, 2) a JE for the excess amount, and 3) an expense for the Stripe fee (in this case the $90.35 I mention at the beginning). Now that Stripe creates 2 automatic entries (previously described), I doubt whether I sho
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Hi All, I have just run a rule that incorrectly marked a lot of transactions as Bank Charges, when they should have been Loan Repayments. I didn't think this would be an issue, as I thought I would be able to undo them, but there are hundreds (probably over a thousand records) and most of them are in periods where VAT has been filed. When I click undo on them, I get a message saying 'Any transactions in a VAT period marked as filed can’t be changed on the Flat Rate Scheme. If you need to update or correct something, just create a new transaction.' It's not feasible for me to manually create all of these records again, and to create opposing records to negate the con existent bank charges. How can I undo these reviewed transactions? Many Thanks,Steve
Hi,I recently exported the trial balance to QuickBooks. While the closing bank balance shows as £4,000, but there is a beginning balance of -£3,000 that I’m unsure about and don’t know how it appeared.Could you please advise on how to remove or correct this beginning balance?
Hi, Why is it still not possible to split expenses by location in QBO? Will this feature be added in the near future? Thanks a lot
Hi All, I am setting up our charity on QuickBooks. I have uploaded the Chart of Accounts including the balance sheet Accounts. I am now uploading the opening balances of the balance sheet accounts via Journal Entry. I understand the contra entries for all the balances go to Opening Balance Equity but what are the double entries required to reflect the brought forward Retained earnings balance? Credit Retained Earnings and debit Opening Balance equity too? Thanks
I'm trying to run payroll and I get a "something went wrong" error. I don't actually have any payments to make, but I've previously been able to run the payroll so that I can submit something to HMRC.
The above all done in response to the suggestions made when I first raised this.
I import goods from the EU and some of my imports use postponed import VAT. Its my first time submitting a VAT return and I am unsure how to add it to my return. I've activated the correct VAT code but if i add an expense , wont that mess up my reconciliation as no money actually left my account?
Set up accountant pageAdded my company accountCould not access my company account directly to to the VATI've done something to either make it dormant/removed?I have tried adding it again - wont workI just want to cancel the Accountant page and go back to my original account.Please help
I am following the online instructions to change my company telephone number on my invoices to clients, but it is not working. I input the number and go to the "Save" button - but it is greyed out. I need to send out an invoice tonight with the correct number on it and there is no way to contact anyone in support by chat or phone!
Need help setting up my quick book and general queries
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QB tried to fix issue for me by reopening the return. But I now have the quarter showing as both 'open' and 'filed', and the open return isn't picking up the exception £ from previous qtr.
It wants to now charge me the wrong VAT total based on these 2 wrong sales receipts, but wont let me simply delete them, as I have already done that for another.
I added screenshot for expenses and have now sporadically disappeared I don't have deleted them amd can't redo
Hi I have changed my telephone numbe rin my account details but my old one is still coming up on the invoices I send out. How can I change that number.
