QuickBooks Q&A
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It has stuffed our reconciliation, & has created a nightmare for us for the last two months. I don't know what to do I am at the end of my tether.
Our company a property developer. Our costs come from consulting fee, construction fee, acquisitions and so on. I've allocated all the costs to a Construction WIP account (in BS). Now we have finished our development and got a lot of finished houses. We want to do inventory management. So the cost should be reallocated to P&L accordingly. If a client enters into a contract, we should invoice to him and the inventory amount should decrease, but we won't receive money (because all the deposits should be hold in trust account). And we will receive money when settlement, but inventory amount should remain the same and we won't invoice to him. It will be very easy if I solve problems by journals. But we want to use inventory management.Cant's seem to find anything that tells me how to do this.
Hi there, hoping someone can help me with this - my Ltd company owns a half share of a Partnership, when my company receives a profit distribution from the partnership what account do I book it to in Quickbooks. The partnership is registered for tax so I'm guessing that the profit to my company won't be taxed again and so I shouldnt book that profit distribution as an income, but I'm not sure what else it would be booked as many thanks J x
Hi, I transferred to Quickbooks online from 1 July 19 and did the pre-start reconciliation as instructed.I am now trying to reconcile again and I am out for two reasons.1. A PAYG payment made to the ATO on 28 July for wages paid in the previous month; and 2. A GST rounding issue of $1.00. The ATO portal was looking for one dollar more than Quickbooks calculated (rounding) and I paid the ATO amount, I am out the $1.00 as a result. I cannot find how to show the PAYG payment coming from the employee liability account. or how to fix the $1.00 rounding error. Help Please!
Currently, my payroll clearing account is showing a negative amount (eg. -$10,000.00). There are multiple journal entries from 2016 to 2019. How do I zero out these negative balances?
Hi,How can i utelise the timesheet filled up by my employee in seting up a payslip ,i have already granted her access to kiosk .thank
