QuickBooks Q&A
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When I review credit card transactions and assign each to an account, qbooks asks for GST codes although they have been assigned to each transaction
Hi All I have searched this topic in QB and it is suggesting just changing the structure under settings. Does anyone know if this is the correct way to do it. i would be reconciling and printing reports at the end of October then changing structure in QB on 1 november. Should I close the accounts of the sole trader using the 'closing accounts' option. and starting a new financial year with the new structure as 1 November will be its first trading date? then do the appropriate journals for the 'purchase' of the new company? I am thinking this will give me all the product codes and stock balances etc Can close of a financial year as a sole trader and then open a new year on november with the year end still being 30/6/22 or will it now give me an odd financial year being 1/11/21 to 31/10/22? i cant seem to find any complete information on this anywhere thank you in advance
I have processed a redundancy for an employee and she is inactive on our system, however we have discovered she was underpaid for one day on the last week. How do I make a payment for the hours if she is inactive?
only the sales figure matches, all other figures differ especially the W1
Just want to know if QBO Advanced is available to purchase in AU
Sent feedback. Also posting this here so other people who may have the same issue can also send feedback
I need to add a journal entry in monthly frequency for one of my client. This includes number of items in with different amounts in each month. I can copy the previous journal entry and modify the numbers in the each column as needed, however, I noted I can't delete the attachments which is also copied from the previous journal entry (in this case, detailed tax invoice and payment receipt). Is there a way to delete these attachments when I make a copy? John
setting up recurring pay run
I run a travel and tourism business and I'm wondering what is the best way to use quotes and invoices? Our customers book for a tour and pay a deposit up to 12 months in advance and then pay the balance of tour costs about 2 months before the tour. Currently when they book I issue an invoice for the full tour costs, and record a partial payment when they pay their deposit. The problem with this is that I record the income on the date of the invoice which can be months and months before the actual tour operates and it can really skew P&L etc. Would I be better to issue an invoice for the deposit only and a quote for the balance of the tour costs that I then convert to an invoice when the customer is due to pay? Is there another option I am not aware of? Thanks!
90 percent of things appear i dont do anything any different yet some things go astray not good if you are trying to keep record
Hi, I donate 10% of profits per sale (not revenue, but gross profits and not net profit) to an Australian based registered charity. I make these payments using my business bank debit card (not a credit card) paying the charity directly via their website so the transaction show up in my business bank transactions. How do I categorize these payments and what do I set it up as in Chart Of Accounts? ------ Also, I have fallen behind this month in donations - how do I make sure I'm paying the correct 10% gross profits amount and also making sure I keep on top of what is owed to the charity at the end of each month? Should I just do all my profit and loss statements at the start of each month and then that month pay 10% of whatever the gross profit was for the previous month? What if I pay more or less to the charity that month? I'm just not sure how to keep on top of what I owe the charity and how to make sure it is accurately tracked? Would I do it
I have just found out that we are elible for the jobmaker payments and I have already submitted payruns. From reading on google the instructions are to add Jobmaker within the payrun per eligable employee which I dont have an issue with but what if it is payruns that have already been submitted to the ATO. Do I re-do the payrun and submit it to the ATO again or do I do a new payrun and only include the elibable employee and if so, how do I record his hours without submitting an amount? There is no where that I can find this information out? Thanks in advance.
I cannot sign out of one client to enable me to sign into another client. How can I do this?
