QuickBooks Q&A
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We utilize QuickBooks Online and have both USD and CAD bank accounts. Our primary currency is CAD, but we create invoices in USD for our USD customers. Subsequently, we receive payments in USD as well. However, we encounter difficulties when a customer makes a partial payment for an invoice, as we are unable to match it with the invoice. What steps can we take to resolve this issue?
How to record interest from HST filing
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I scheduled payroll for a date I thought would be very safe for an incoming payment to cover it. However, the funds are supposed to come out of our bank account today and the payment has still not arrived. What can I do? Is it too late to cancel the withdrawal? Are there NSF fees that would be charged if the funds are not there to be drawn?
my banking is no longer syncing because banking has changed
Our former bookkeeper was doing our bookkeeping tasks on QB Desktop. She sent me the files and I have successfully created and migrated that Company file to a new QBO File. While she was doing reconciliation, reporting etc in Desktop, we were also using a separate QBO account for invoicing, Time, Projects, and Payroll. I want to know how to successfully migrate & merge the data from our former QBO account into the new QBO account that has her former desktop files imported. That is, how can I avoid duplications/serious headache with this? The data she kept in the desktop files (which again, are now in a brand new QBO company file) did not include all the same info as she was not the one doing invoicing, sending estimates, or running payroll/managing QBTime for our employees. I want all of this in one complete file. I will also need to migrate everything from our former QBTime account to the new one.
I have a subscription but does not include payroll
Well I had a client who was running his/her business. previously all the income & expense of that business is calculated in client's personal taxes. But the client opened a company in mid of the month and same business was carried out in that company.Unfortunately, no change was done in QBO and all transactions were carried out without closing the dates and opening balance.What to do now? as one year of the company is already over and it is necessary to file taxes? How to do that in QBO? I have tried to do that by selecting the dates (From & To) But previous transactions are also clubbed in this business. How to separate those transaction in QBO.
everytime we have to get verification code. Also, won't upload statements anymore?
Hi, The translation in French for taxes in Quebec are wrong in most parts of the app. It should read TPS and TVQ instead of GST and QST - QC. Furthermore, QST - QC is redundant since QST means Quebec Sales Taxes. Those names show up in various places, especially directly on invoices, even if we set the language properly to French. This is the one place that annoys me the most because my french speaking clients see that and some of them don't know what it means. Thanks.
I'm trying to create statements for four customers but when I select them and go to batch actions, the option create statements is grayed out? I've never had trouble in the past with this?
We've moved over to QB time online so that it can sync with our QBO. When creating an invoice, the approved hours in QBT will not populate in QBO. Also, the rates that have been set up in QBO in settings-products and services won't populate either.... What am I missing?? One client's hours populated, but no others !Thanks everyone.
Another person asked the same question and someone said they scrolled down to find it but I do not have that option.
I have a new credit card
Why does not received payments show up as paid?
Can you use payroll with the self employed version
Hey!I just signed up for Quickbooks Online and have recorded all my transactions for the 2023 year. I had been running an airbnb for the previous year as well but recorded all my transactions on paper or spreadsheets. Now that I have finished recording my transactions I still have a quickbooks balance of $12,322.52 and a bank balance of $5,734.63 on my linked account. I don't know why there is a difference between these two accounts. I made sure there are no duplicate transactions and if I enter the years opening balance of about $3500 it makes the difference even greater. I do not want to go through all of my previous years transactions so I am wondering what I can do to start fresh and make this number balance for now and going forward it will stay balanced? Could I just manually enter an opening balance that is a negative number for the account? Any suggestions is appreciated!
I started using QBO after my year-end and my taxes were done through another website. Now I received the refund in my bank account and I'm not sure how to categorize it.
Our hourly staff are all tracked by our project, but we are trying to figure out what our profit margin needs to be to cover all fixed costs. There are 2 salaried workers that are essential, but not directly contributing to projects. How can I account for this as the payroll automatically assigns the payroll to payroll expense.
I can't see anywhere that I can set this annual ceiling amount and I was wondering if QBO does it automatically behind the scenes.
