QuickBooks Q&A

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We invested $50000 in the company from personal investments. Now I have to JE the Interest Income, Dividend Income, Capital Gain on investments and Management Fees. Some of these accounts are set up but I need to set up Dividend Income, Capital Gain on Investments and Management Fees on Investment.   What is the structure of these accounts?  

Hi,

I am trying to reconcile some vacation payable amounts that seem to be out.  I need to see a report of employee payments showing, Gross, Regular pay, OT pay, Bonus pay, Stat pay, vacation accrued, vacation paid and don't see that available.  I also need to see a report that shows the balance of vacation pay at any point in history.My email is [email address removed]

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I have recently upgraded from QB Desktop to QB Online. When I create a report I can not select "Gross Amount" to create a column. Does anyone know why!?Thank you!

I am a newbie to QBO and have recently set up my company based on the y/e balance sheet from my previous acct. system.  I'm about to do my first bank rec and the opening balance on my bank statement doesn't match my b/s bank balance. This is due to the fact that cheques written in Dec. have already been recorded in my opening balance.  Now these cheques are clearing in Jan. How do I handle this.  I hope I have explained the situation well enough. Note, I am not an accountant.  Thanks in advance for any help you can offer.

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Help!  I do progress invoicing for my customers.  I entered a line on an estimate and it has wiped out all of my previous billings on invoices.  How do I correct this?Working with Desktop 

Hello. When my distributor ships products to BC I enter a bill with GST and PST taxes . Then I enter an invoice . The problem i s that when i run a profit report the  BC tax distributor charges me adds up to the cost of goods thus creating a totally wrong profit report.  How do I setup my BC tax so that  BC tax does not get added to the cost of goods? 

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What is the correct way / best practice to deal with two payments on one receipt. For my case a large bill was paid by credit card, the credit card was paid, then the balance of the bill was paid by the same credit card.Now in quick books online the transactions show up as two items, but I only have one receipt. Do I put the receipt in twice? Is there a way to split the payments on the receipt?Thanks

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I have an income transaction where I received the income in 2023 but the service happened in 2022. Can I change the transaction to reflect income earning for 2022?"

I'm wondering if there is any alternative to using Quickbooks Online.  I know the desktop version is at an end and I can't justify the monthly cost for 30 entries a year.Your input would be greatly appreciatedNorma

The Executive director has a credit card attached to our business, but it is in his name.  He would like to pay some invoices with it.  I am worried that the invoice will not be listed under the supplier and could be paid in duplicate if an invoice is mailed to the office.  Is there a way to record the payment in Quickbooks Supplier account without affecting the supplier balance?  Do I have to add his Credit Card as an account on our books?  The name on the card is not our business name.  Thank you

I cannot get QB 2023 to open any file. I keep getting the same error message. I chatted online twice for support and nothing was fixed. Has anyone else encountered this error, and how do I fix it?

Our company owes the CRA corporate taxes for last year end.  I've paid and now I have to enter it into QB.  Does the amount owed get posted to "Tax Expense" Expense account or is it posted to the "Taxes Payable" Other Current Liability account?  I know it's a simple accounting question but I can never get this one straight.  It confuses me every time. Thanks

I can't seem to pull up the reports

Exact message is, "We can't find anyone with [users ID]".  The user ID has been checked at "Manage Users".  How does one fix this?

The credit card is personal and had a previous balance when first used for business charges. Do I post the previous balance as + or - amount?

My client has 20 franchisees using QBO, is there a way to consolidate their data into one so I can connect to the data source?