QuickBooks Q&A
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I calculated CCA amount using S8. Where should I record the amount in the S125?
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How can I add a credit card payment on my Canadian Quickbooks when both my account and credit card are in USD? QuickBooks displays an error message stating "The account is not set in the Home Currency. Credit Card Payment accepts accounts only in the Home Currency." I have enabled multicurrency in my QuickBooks, and both my checking and credit card accounts are in USD. What steps can I take to resolve this issue?
I have the data files.
I have purchased an asset(equipment/truck) I have provided a partial deposit to the vendor, and will forward the balance of the deposit to the finance company. I have created a bill from supplier for equipment, and made the first deposit as a bill payment how do I set up the finance company? Supplier or bank ?how do I record the part of the deposit I sent to the finance company ?how do I set up loan for tracking payments, and interest ?
The company i send invoice to (do work for) takes my expenses i charged (example fuel i charged with their fuel card) off of my invoice and pays balance. How do i record this? I want to be able to capture the GST i paid on the fuelExample:my invoice to them was $4500.00 for work i did for themmy fuel charges were $500.00 i charged on their fuel cardThey paid me $4000.00 and deposited in my bankI could do a general journal entry but then gst gets unassigned and i really dont want that as this will be the way they will pay me every month
The invoices are not discounted but the customer is reducing the payment by 2%. Is there a way to process the payment in 1 transaction?
How do I create a custom report for deposits into my bank account on a weekly basis? I want to be able to automate what I currently do: download bank transactions to then send them to a work colleague who needs them to process / reply with how to post them in my books. I have QBO Advanced
When paying Source Deductions Ive been using Payroll Expenses, but need to change them all to Payroll Liabilities... How would i go back and change them?
Banked Overtime Agreement, in Alberta Regulations, allows no more than 44 hrs paid per week, all other overtime is banked to be released later. But if employee worked 50 hours, I want record 50 hours tracked on projects that week, but put -6 hours for Banked Time. Quickbooks Online does not allow negative hours on Timesheets.
QB SENT A EMAIL SAYING “go to payroll settings in Quickbooks and enter the amounts”.
Our CC processing company does bulk deposits. The include several days of sales depending on when the machine was closed.
I updated and restarted quickbooks desktop 2017 several times to make sure there were no more updates. Clicked on Company> Export company file to quickbooks online> get started> Select Destination. I then get the message: You'll need to update your software to access your Intuit Account here.
I have converted website to multisite and would like to know, will my inventory on both woocommerce website?
What should the A/P process be?
I have recorded a payment made to our credit card account twice. I manually entered the details of the payment I made to our credit card account - then reconciled the Credit Card account and recorded the payment again. How do I reverse the manual entry I made? because now the account is showing a credit for the amount of the payment. I am using Quickbooks Desktop pro. Thank you for the help
I am just starting to use Quickbooks and I need to know how do enter an opening balance in a tax payable account. Tax rebate from previous year still outstanding as of Jan 1st
finish up tab is showing what would be missing I have verified all fields?
How do I properly convert a business vehicle to personal use? It was converted January 1st, with no business use for the year. Here is an example, I am using round numbers to make it easy for me: Purchase Price: $10,000Prior MACRS Depreciation: $6,000 (It was depreciated for 3 out of 5 years)Remaining Basis: $4,000 Should the Journal Entries be: Vehicle Asset: Credit $10,000Accumulated Depreciation: Debit $6,000Owner Equity: Debit $4,000 Is there another journal entry that I need to make? From what I understand, this should only affect my balance sheet and there is no depreciation recapture, gain or loss to report because the asset has not been sold.
When I create a refund receipt, I currently don't have access to original method of payment in order to process refund and I have to contact my customers in order to process.
