QuickBooks Q&A
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Learn how to track bills and record the payments. In addition to tracking sales, QuickBooks Online makes it easy to record business expenses. Entering your income and expenses gives a more complete picture of your business and profit. If you plan to pay for the expense in the future, enter it as a bill. You can record bills one at a time, or record multiple bills for multiple suppliers at once. On the other hand, if you've already paid for a business expense, enter it as an expense. These specific transaction types tell QuickBooks how to record everything. Here's how to enter bills and record payments towards them in QuickBooks. Or, learn the difference between bills, cheques, and expenses. Enter bills into QuickBooks After you get a bill from a supplier, here's how to record it: Select + New. Select Bill. From the Supplier ▼ dropdown, select a supplier. From the Terms ▼ dropdown, select the bill's terms. This is when your supplier expects to be paid. Enter th
For bills to be paid later, use Bill, then Pay bills. For expenses to be paid immediately or that have already been paid, use Cheque or Expense depending on how you made the payment. When to enter bills Enter bills from suppliers to accurately report your Accounts Payable, especially if you run your reports on an accrual basis. If tracking Supplier balances, entering bills is essential for knowing how much you owe your suppliers. Record a bill for any services or items received that you will pay for later - whether or not there is an actual bill received from the supplier. For example, when you receive your electric bill, which is not due until the end of the month, use Bill to track what you owe. Then, use Pay bills to clear the bill and generate the cheque. Learn how to enter bills to keep track of your payables. When to enter bill payments If you originally recorded a bill in QuickBooks, use Pay bills to close the bill. You can print a bill p
You can use templates to set up a recurring bill. Here's how to set up a recurring bill: Create a new bill or open an existing one. Fill in the data that you want to include on a recurring basis such as supplier, account or item details, description, amount, etc. At the bottom of the bill, select Make recurring. QuickBooks Online creates a copy of the bill and adds a "Recurring Bill" section so you can set the recurring bill's preferences. Enter a template name. From the Type drop-down, select one of the following: Scheduled: creates the bill automatically according to the schedule you specify. If you want to schedule the transaction... then... Every other week Select Weekly, then every 2 weeks. Twice a month Create two scheduled monthly transaction: one for the first transaction per month and one for the second transaction. Quarterly Select Monthly, then ever
Where do I see a list of all the quotes I have done?
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At the bottom of every payslip it lists an employees Annual Leave balance. I'm wondering if there is a way to list their Personal Leave balance also at the bottom.
We have old data we have not yet processed so there is a list of GST pmts awaiting completion. They are for qtrly GST periods Jul16-Sep16, Oct16-Dec16, etc onwards so I need a workaround please so they clear off and the bank account is duly updated. Any help would be great, Thank you.
There is no pop up explanation on the field and the words "Statement Text" as a shortcut for an idea are fairly meaningless.The field appears on the edit vendor details under the Bank Account Name once the "I create batch payments to pay this supplier" tickbox is ticked.
I followed the Community answer, but in the payment process I can select the invoice but the adjustment note is not shown and can not be selected.In the customer transaction list the adjustment note is shown with a status of closed.
I am not sure what the rate is set on here but I have a table of wage rates and when I am adding the minimum amount into the system it is giving the wrong total for casual wage loading
I have created a journal entry as suggested that has zeroed out the BAS suspense balance but the payment isn't reflected in the GST centre. Does anyone have advice on what I might be missing?
The example being we are selling tickets (which include GST) for a future event. From my reading the double entries are 1) Credit Bank Account, 2) Debit Unearned Revenue. When the event is happend I can then credit Unearned Revenue and Debit Earned Revenue. The question I have is when would GST be liable given I collect GST upfront but only recognise the revenue later on. Also keeping in mind that there is the ability to cancel tickets (albeit with the loss of a % of the ticket).
My situation:Not using quickbooks BAS lodgement function, but receive income incl gst and runs payroll so have BAS liabilities and PAY withholding tax.For one quarter I paid the amount from the bank (calculated by my accountant) now I am trying to record that from the bank feed to record against BAS Liabilities and PAY withholding, tried choosing tax as W2 BAS or out of scope purchases. In the mobile tried recording as Cheque (or should it be expense)? Failing both the places
