QuickBooks Q&A
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I have a client who receives money (a deposit) on work he is about to perform before an invoice has been raised. Currently they code the money to Sales and manually record the payment on a piece of paper. Then once the invoice is finalized they then type the deposit amount paid into the "Deposit" section on the invoice so the client knows what the balance owing is.However, this is then causing huge problems with their records as they are effectively accounting for the deposit income twice and the bank balance is out of balance!I have tried to work out what they should be doing online but it isn't that easy to follow! I would have thought they should be putting the payment under the clients ledger and allocating the amount to say a prepayment liability. Then when they generate an invoice for the client they have the option of using that amount previously allocated to them???
How do you enable a relodgement to only notify of tier 1 and tier 2 payment. Original lodgement to ATO was sucessful .
I have a new client and she has hundreds of transactions that require allocation/categorising to the same income account. QBs auto suggestions are all over the show! I can't create a Rule as these transactions do not have anything in common (apart from being income). Can I bulk/multiple allocate? Looking for guidance please?
