QuickBooks Q&A

I use Square and I have received my first deposit. How do I record this correctly, especially the tax bits?

The bank account was reconciled. Bank account in USD, in Balance Sheet in CAD.

Is there a way to edit/change the matching account (from my chart of accounts in QuickBooks Online) for some of my linked bank accounts without having to disconnect/unlink and reconnect the account? I have searched high and low for where and how to do this but can't see any way to edit the matching account without unlinking and re-linking it. 

I am using Quickbooks Online in Canada

In my initial setup and uploading of inventory to QBO, I made some errors in the starting quantities and ended up deleting and re-adding a number of inventory items.  All of those transactions are being classified as Inventory Shrinkage resulting in a shrinkage expense of $3375.28 on my profit and loss report.  I am wondering if there is a way I can simply delete all of the transactions in that account.  I know I can recategorize the account elsewhere, but it still shows up on the report as an expense no matter what I call it or how I categorize it.  I tried to do a transaction for -3375.28 to effectively zero out the account balance but I can't figure out a way to do that without messing something else up.

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I only see that I can enter values into the "Refund To", "Refund Date" and "Refund Amount" fields before I click on Record Refund.  Will I find an Add Interest box somewhere?

When I click the link provided it opens our regular company file, not a sample. Trying to test the payroll module.

I am at a Canadian NPO that is transitioning to QBO and lost on the use of locations/classes/tags/projects. Yes, I have read all the provided articles and still lost. *We have 3 locations plus a business office - some of our invoices need to be split between the locations - invoice entry only allows entry of one location per invoice. *We have donation revenue which i was planning to use classes to provide further detail on where the revenue came from - ie) donation revenue from a mail campaign, but it seems sub-accounts may be better. *we get grants that are restricted in use - i need to be able to track expenses against the revenue from the grant, is projects the best use of this? Help!

Hello,Hopefully someone can help me with this.  With bills that are linked to a specific PO, if the item is no longer needed for the Customer Job on the PO and it's returned to our inventory, what's the best way to make that adjustment?   Can I just overwrite the Customer Job or will that somehow mess up the GL ?  I've attached a copy of a bill which I need to show going back to our inventory.  Please help. Thanks,Rowena

I noticed that one of my employees isn't having CPP deducted from their pay.  Why would that be?

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Since yesterday (June 12, 2023) we get the error "QB could not save the updates exchange rates. Verify that your system time ...". See attached screenshot. We get this on all our PC's. System times are correct.

what funds should be available in the bank? net pay amount? or total payroll amount?

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I need to see a copy of customer Statement #5428 that was sent out through QBO on June 5th. Is this possible?

I have been printing these monthly for several companies for years, so I know I am in the correct location. Has there been a change in the last month as to where the PD7A is available to print?