QuickBooks Q&A

If a supplier/customer invoices already have VAT included, why when I come to do bank reconciliation is VAT showing as 20% again.

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Hi everyone,I've just started using QuickBooks Advanced, and I've encountered a challenge with stock management. We need to accurately track our on-hand stock, but some of our suppliers require upfront payment before shipping. When an invoice is assigned to a purchase order, QuickBooks changes the status from 'on order' to 'on hand,' even though the stock hasn't arrived yet. Since our shipments are international, it can take days or weeks for the stock to actually be on hand. This makes it difficult to know what stock is truly available for us to send out. I've spoken with the support helpdesk, but they couldn't offer a solution. I'm wondering if anyone else has faced a similar issue and found a way to resolve it? Would a stock inventory add-on help, or would it face the same issue since it pulls invoice details from QuickBooks? Any advice or suggestions would be greatly appreciated. Thanks in advance!

Previously, I would alter the transaction journal to 2 payments to match the bank feed but I am unable to do this now on the Core payroll

The error message is saying, something isnt working Sorry we cant update your accountPlease wait a couple of hours and try again (9999)

who should I add as CUSTOMER in the last column of item details of expense?

In the Customer module, when choosing any customer, the status defaults to OPEN.  How can we default the status to show ALL ?  Tried clearing cookies, cache, tried Chrome, Firefox and Edge and all are defaulting to OPEN.  

Everything was working fine up until monday 15 july and is still not working 27 july.

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I already use a subdivided budget, what I'm looking to do is add subcategories to specific categories - e.g. admin salaries (employee 1 salary/taxes, employee 2, salary/taxes)

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I am struggling to get Barclays Personal Feed to work with QB Self EmployedIt lets me into the Barclays and lets me put in the pinsensory, it appears to attempt to connect but then errors. Are there any known bugs with Barclays Only set up QB today BTW

I can only see payslips form this quarter. If I select the last quarter option nothing is visible

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Client is on the Flat Rate Scheme at 11%. This quarter they are subject to the 16.5% due to the limited cost traders rule. How is the best way to change it?

I have been using QBO Accountant with multiple client QB licenses since 2017.  Yesterday I have lost the ability to access all my clients QBO accounts via the drop down under my company name.  There is no dropdown menu at all.    If I go onto the QBO iPhone app I can see and access the clients QB. QBO customer services are looking into this but I'm wondering if I am the only person with this issue.    

I am trying to upload a budget but the only format available is (Jan - Dec ) But the FY for this Budget is July - june.

Hi All Our bank account (Wise) has both GBP and USD sub-accounts which we use for paying foreign suppliers in USD. The GBP account holds our funds, while the USD account is usually empty but occasionally has small amounts due to Wise offering cashback on certain transactions. In QuickBooks, these are set up as separate bank accounts. When we pay for something in USD, Wise first uses any available funds in the USD account, then covers the remainder by converting direct from the GBP account, resulting in the invoice being paid from two accounts. For example, a $99 monthly subscription might be partially paid with $2 of cashback from the USD account, with the remaining $97 taken from the GBP account as a currency conversion. In QuickBooks, this might appear as a £80 transaction in the GBP account ($97 x exchange rate to GBP) and a $2 transaction in the USD account. How can I accurately record this transaction in QuickBooks, given the partial payments from two accounts

Unfortunately, I can't find any information anywhere about starting to use Quickbooks in a situation where I'm ending my cooperation with an accounting office in the middle of the tax year and want to start accounting in the Quickbooks system.I don't know how to enter the preliminary values ​​from the final report that my former accounting office sent me at the end of April this year.I received a "Profit & Loss Report" and a "Trial Balance Report".Should I simply enter the NET PROFIT value from the "Profit & Loss Report" as a sales invoice (only who to enter as a contractor?) from the first day of May?I understand this "Trail Balance Report" a little less, because half of it contains the same information as in the "Profit & Loss Report", but then various items start to appear, such as:4120 Computer Equipment - Cost b/fwd (Debit)4125 Computer Equipment - Accumulated Depreciation b/fwd (Credit)4126 Computer Equipment - Depreciation Charge for the Year (Credit)4600 Trade Debto

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My income is not accurate on my profit and loss report. I have been matching income from banking as well as clearing payment from invoices. Am I doing this wrong ? Should I only be working from the bank feed ? Thank you 

My predecessor as accountant clearly didn't know how to deal with it, because she has processed it as an expense on the bank account - the customer is the payee, but this transaction does not show on the customer account. So it still looks like the customer paid this invoice, when he didn't.I would like to remove this from the 'GoCardless Chargeback' account and put it back on the customer account, where it belongs.I know how to edit the deposits so that the cash into the bank is tied up with the customer receipts and GoCardless fees. Should the chargeback have been processed in the lower half of the deposit as a negative amount to/from the customer account?I'm new to the business and to QuickBooks, and it's been a learning curve.

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