QuickBooks Q&A
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This morning I cannot log into my Quickbooks.. Nothing has changed from all my previous log ins over the last three years or more.. same username and password as always, but no go.. I need to log in as soon as possible as this is required for the daily operation of our business.. can someone assist?I tried calling Support but they are not open... with no hours posted anywhere..Thanks..
I'm having an issue with entering my HBP repayment I made this year, in February, for tax year 2023. I've attached screenshots, where I entered the amount, then by the last screen showing a summary it's putting my repayment amount ($1083) in the field of amount that hasn't be repaid, and the field showing "Less 2023 repayment amount" is $0. I've highlighted them.I can't get this to work, appreciate any help!!
I need to pay my chair renters EI contributions but I dont see their earning so I will be using the CRA approved calculation but its not clear to me how I set that up on my quickbooks to ensure its paid?
I have cleared both browers cache and cookies mulitple times.
Please correct me if I am mistaken, but I am trying to understand CRA Special EI Regulation for Barbers and Hairdresser. QuickBooks Blog provides some guidance with this calculation however I believe it is incorrect and is misguiding business owners. Given the Blog is using 2017 figures, my examples will contain the same. Link: https://quickbooks.intuit.com/ca/resources/running-a-business/employing-barbers-hairdressers/What You Need to Know About Employing Barbers and Hairdressers >Self-Employed Barbers or Hairdressers >At the time of posting this discussion it is written as such:“… If you don’t have those numbers, multiply the number of days worked that week times 1/390 of the maximum annual insurable earnings. Then, multiply the total by 1/78. Let’s say a self-employed barber works five days in 2017, and that year the maximum pensionable earnings is $55,300. In this instance, your calculation looks like the following: 5 * $51,300 * 1/390 * 1/78 = $8.43. That’s the EI payme
from the manager and user partjournal entries only partial accesshow can get full access for journal entries
Some of our items are not taxed, so on the same invoice, 13% tax is not the correct amount of tax. How do we post that?
can I get prior years profit and loss statements
I WANT TO EDIT THE BANK TRANSACTIONS OF 2023
I was doing some review of my transaction on my credit card when I realize there was receipt without transaction in Quickbooks. I see them on my credit card summary online, but not in QB. It's like 5-6 transactions on a short period of time in March. I've tried to synch, disconnect/reconnect, but nothing works.Any idea?
I am trying to load my backup from Quickbooks 2014 version to the Quickbooks Pro desktop version and then I want to upload the desktop version to the Quickbooks online I just purchased. I have tried to set up the desktop trial but don't have the correct file - says I need a QBA or QBW file and I have a QBB file. I have the file saved from our accountant on a USB stick.
CRA implemented what I interpret as punitive regulations to suck what little profit a Barber or Hairdresser can earn. Jump in the discussion if I am misunderstanding any specific point. Questions are underlined. The examples below are for a typical relationship where a Salon Operator provides a “Chair Rental” agreement to a self-employed barber or hairdresser. Refer to CRA link: https://www.canada.ca/en/revenue-agency/services/tax/canada-pension-plan-cpp-employment-insurance-ei-rulings/cpp-ei-explained/canada-pension-plan-employment-insurance-explained.html Assumption: CRA wanted a greater EI participation rate from Barbers and Hairdressers, therefore implemented mandatory participation for “self-employed” workers under the Insurable Earnings and Collection of Premiums Regulations (IECPR). 1. 140% EI Premium Increase: a. Previously the self-employed barber or hairdresser could VOLUNTARILY participate in the EI for Self-Employed People program where they would
CRA implemented what I interpret as punitive regulations to suck what little profit a Barber or Hairdresser can earn. Jump in the discussion if I am misunderstanding any specific point. Questions are highlighted in BLUE. The examples below are for a typical relationship where a Salon Operator provides a “Chair Rental” agreement to a self-employed barber or hairdresser. Refer to CRA link: https://www.canada.ca/en/revenue-agency/services/tax/canada-pension-plan-cpp-employment-insurance-ei-rulings/cpp-ei-explained/canada-pension-plan-employment-insurance-explained.html Assumption: CRA wanted a greater EI participation rate from Barbers and Hairdressers, therefore implemented mandatory participation for “self-employed” workers under the Insurable Earnings and Collection of Premiums Regulations (IECPR). 140% EI Premium Increase:Previously the self-employed barber or hairdresser could VOLUNTARILY participate in the EI for Self-Employed People program where they would pay the E
Hi out there. Wondering if anybody can help me with recording Canadian Income tax payments properly in Quickbooks online. For Tax year 2018 I filed a T2 for my company in March of 2019. It generated an amount owing which I payed to the CRA via my company bank account in March 2019. I now have the transaction in my bank account and I'm confused as to how to categorize it in quickbooks. Is the payment an expense? ie: should I enter an expense transaction for that amount, categorize it as "Taxes Paid" and match the record to the bank transaction and be done with it? (Not that I am an accountant but my sense says no). What I tried to do was set up a liability account in the chart of records called "Taxes Owed". I then created a Bill from Vendor CRA for the tax amount and categorized it under the "Taxes Owed" category. So far so good. Accounts Payable shows the amount, and the "Taxes Owed" account gets incremented by the transac
I am in process of reconciling business bank account. While going through the account transactions I have come across an item (job material) that was bought and then returned. I don't know how to categorize this transaction.
