QuickBooks Q&A
Recently active
I tried following the instructions on how to set this up but I can't see the MTD item on the Taxes Page and Advanced Page. Can you assist me with this?
Multiple vendors under the main vendor (Buying Group)Also receive bills from the buying group for certain servicesPayments made directly to main vendor for all vendors part of group.We can receive early payment discounts (which I understand are to be set up as an income amount) Can this be set up in QB online in Canada?
Original commenter did not share additional details
As the title says, I had to delete three transfers from my chequing account and re-enter them as cheques for the same amounts. I've reconciled up to November 2022 and the transactions are from January 2022, so I'd really like to find a solution that isn't backing out all of my reconciliations and redoing them. There's an article that talks about my exact problem, but for some reason doesn't actually offer a solution; see https://quickbooks.intuit.com/learn-support/en-ca/help-article/reconciliation-reports/reconcile-previously-deleted-entered-checking-card/. Help!
How would you book retail lotto sales in QBO? Enter the daily sales and then handle the bank withdrawal feed.-Lotto is sold for cash.-Retailer commission is removed-Lotto withdraws the amount from the bank accountNote: sometimes the payouts of winning tickets is more than the sales so Lotto deposits funds to the bank account.Any suggestions on the proper workflow setup?
I noticed that there is no tax shown on an invoice I created. I haven't been able to locate where to edit that and an explanation of the difference between "out of scope of tax", "exclusive of tax" and "inclusive of tax".
My company started to use QuickBooks desktop premier recently, the fiscal year of my company is on Dec 31, therefore, it is a good idea to change the accounting system to QuickBooks. We sale service to our clients, therefore, we charge HST to our clients on invoice. at the same time, the vendors will charge me HST. Right now, I have questions on setting up the opening balance of my clients and vendors, how do I deal with unpaid invoices from clients and vendors with HST from last year in different system? when I type the amount in the opening balance, it does not ask me the HST amount. How do I reflect the amount of HST in opening balance of Clients and vendors? Thank you
Hello,I logged in to QBOA today only to find that a report that I've customized and saved as a favourite has gone missing. Where has the adjusted trial balance report gone? These instructions to view the adjusted trial balance no longer work. What's happened? Enter an adjusting journal entryYou'll make adjusting journal entries from your client's QuickBooks Online company file.Sign in to QuickBooks Online Accountant.Select the Go to QuickBooks dropdown and select your client's company.Select + New.Select Journal entry.Select the Is Adjusting Journal Entry? checkbox.Follow the steps to record the journal entry.Select Save and close.Review adjusting journal entriesRun an Adjusted Trial Balance Report to review your adjusting journal entries. This report lists all account balances in the general ledger before and after you make adjusting journal entries. It also lists the total adjusting entries.In QuickBooks Online Accountant, enter&
especially the Expenses and Sales boxes...
how to adjust printing chq
How do I PREVENT QBO from closing every time I go to another tab to get information for what I am currently doing? I waste more time OPENING QBO than I do USING QBO.
changing login
Hello QuickBooks family, I am just starting out in my bookkeeping practice and am wondering: if I have online clients in other cities within my province, do I need to get a business license with each of those municipalities or do I just get one business licence for the municipality in which I reside? I can't seem to find the answer anywhere! Thanks for your help Melissa Kadatz
I received 2 interest free federal loans during the covid bs. Can someone help me with how to enter it and also input the payments towards them?
We recently started using quickbooks, and have our annual inventory count coming up. I'm wondering how we would add in the inventory that we purchased before we started quickbooks and still have on location at the time of the count? I assume we adjust the inventory to increase the inventory amount, but I'm wondering what the other adjustment account should be so that we don't mess up our books?
QPP is supposed to be deducted even if the employee is over 70, the current update doesn't deduct QPP in 2023.
How to change my address on invoice?
How can I clear out the accumulating balances of HST Collected & ITCs that have resulted from several sales tax adjustments being made over the last 6 months? Scenario: Tax was not filed in QBD since June 2022. When I went back to file the taxes, I saw the generated amounts were different from what was actually filed with the CRA so sales tax adjustments were made. This happened in each month following. And each month, the adjustments needed to match the actual filing with CRA were larger and larger. Now, I am trying to file the sales tax for December in QBD but the amounts on lines 103 and 106 are grossly inaccurate. Example: The actual HST collected for the month of December is approximately 62,000 but the tax agency report is showing HST collected to be 1.2 million (which is the cumulative balance of adjustments over the last 6 months). If there is anyone who has fixed this problem before, your help now would be greatly appreciated!! Please and thank yo
