QuickBooks Q&A
Recently active
I'm an incorporated small business (no employees or other shareholders) and recently needed cash to purchase a vehicle. While waiting for a personal loan to be approved, I used cash from my business account to buy the car before it was sold to someone else. I transferred the cash in full back to my business account once the loan came though (48 hours later). How do I record this transaction in QB?
can a paycheck that has been processed be voided and reissued if the payment is a direct deposit?
Original commenter did not share additional details
Without exporting
Hi. I am needing some help. I have 2 different company files but would like to put everything under 1 profile. I want to transfer over everything so I can do all my entering etc under 1 account. Just to confirm. I now login to each separate profile to enter transactions etc. How do I go about doing this?
Is there a way to record business expenses purchased with personal funds in a QBO account that weren't reimbursed technically by the business? I was thinking a journal entry, but then I looked it up and step 2 after the journal entry is recording the reimbursement for that expense, and then categorizing it as an expense. Is the journal entry not enough to get it in there correctly without messing up reconciliations or the bank register?
Hello.Customer A paid an invoice belonging to customer B (the wrong invoice was attached to a payment link). Now customer B has sent payment for the invoice paid by customer A. What are the steps I need to take to a) apply the payment to the invoice for customer B and b) refund the money to customer A in QBO. To make matters a bit more complicated all of this happened last year and our FY closed Dec. Thank you.V
Hello, I am new to QBO and wanted to know how I could separate taxes on expense transactions made using my debit card. Basically, I have connected my bank account/debit card to QBO and it's pulling data in automatically now but both price and tax of an item are clumped together. So for example, in QBO it shows it uploaded a transaction I made using my debit card for $12.43 but the transaction is actually $11 + 1.43 GST/HST when I look at the vendor's invoice. I don't need to collect tax as I don't really have an income right now but shouldn't I be tracking taxes separately anyways? Or let's say I hit the threshold where I have to start collecting taxes and remitting them, how will I know how much taxes I paid like this? Any help would be greatly appreciated, thank you.
I entered about 20 expenses in the last few days. Today I went to check on one of them and it's no longer there. I did a search and it's completely disappeared. I went back over each of the 20 expenses and have discovered that about 6 of them are nowhere to be found. This is alarming to say the least. I don't want to have to double check each entry I make to make sure it's in the system.
I would like to assign a class to multiple existing invoices. Is there a way to use batch action for this. Editing each invoice individually is tedious.
I have sales from Shopify that the customer checks out in USD via Paypal I'm in Canada.I can make a receipt in USD, But QB will not pick it up that it is USD. (have an account Pay Pal USD transaction is there)If customer checks out in CAD and a receipt is made everything works out fine.So what are the steps to match a transaction in USD?I have tried several online tips that were from 2019 that don't work.Shouldn't be this difficult...Oh and I have tried a few apps that don't seem to work either.
Only the first line of the Sales Tax Liability Report is used for reporting our sales tax each month. When I drill down on any of the other listings with a date range of "All", there aren't any transactions. Please review the attached sample report. None of the other listings are on the "Item List". How can I remove the other listings from the report?
Is there a form that can be created as a 'Vendor Payment Remittance' for EFT payments sent to them? It would have the same information as a cheque, but it would be nice to have its own form.
I deleted a credit card payment that was double-posted and it is gone from the register and the totals are correct. However, the deleted CC payment shows as an uncleared transaction on the reconciliation report and the "Register balance as of 12/31/2021" on the report is out by that (not insignificant) amount. When I click on the transaction on the report, I get an "error loading transaction" message (because I deleted it). How do I get this deleted transaction off the reconciliation report so the totals are correct? This is a review engagement, so I need the reconciliation report to be correct...help!
Two questions regarding A/R report in QBO:1) Is it possible to produce an A/R report for a single customer instead of an A/R report that includes all customers' A/R.2) Is it possible to create new field for invoice numbers on A/R report?
