QuickBooks Q&A
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I have to post a general journal entry - and break out the hst included in the price. Fuel 86.96 (D)HST 13.04(D)Owners Draw 100.00 (C)But when I post it, I don't see it in the HST collected report. I can't do it in the Enter a bill section, as the payment method is owners draw - I am just filling in for the bookkeeper who is sick, and I was instructed not to change anything. ie adding another payment method)
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I would like the option of accessing all acount data for 7 years, after terminating my quickbooks account.Currently there are only 365 days of Read Only access.As the CRA requires we keep all company records and accounting for 7 years, if I cancel my quickbooks, how do I maintain some kind of read only access after the 365 days have passed?Quicbooks Support suggested I pay for 7 years if I need access - hardly seems reasonable to pay $3500 for read only access and absolutely zero usage.Why is there no subscription model per year for read-only? something reasonable in price?There must be a better way to handle this.How does the community handle this?
Hello, my spouse and I just started up an LLC. I am just wondering what the best practice is for capturing paying business expenses with personal money. We as shareholders will be covering the startup expenses (quickbooks subscription, business insurance, licensing and fees etc) until the business has enough revenue to cover. Ideally I would like to pay for these business expenses via personal credit card so that I get the rewards. Should I pay these expenses with personal credit card and then enter the amount as Shareholder Loan? If it's a shareholder loan, can it still count as business expense that I can write off? What is the best practice in QuickBooks? Thanks so much!
Why cant we see credit memos on the app??
Hi I am Adeeli want to know that i m doing e-commerce business here is a problem i m facing thatshipping (carriers )costs are recorded with the date of payee bill and they will send the bill in july but 30% of delivery order shipping cost is of june sales so how i can get the real profit and loss report while also maintaining Accounts payable ledger
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Hi As a registered Canadian Charity, using Quickbook desktop what do you think about converting to QBO ? Pro and Cons ? Thanks
Is there a way to connect our QuickBooks account to our website so we can manage the accounting info of our customers?
There was one day of transaction when the receipts on VISA was less than the only refund to a customer that had made a large purchase previously. This caused a net outflow from the POS when this net transaction hit the bank. How do I make the appropriate entries to make these transactions match with what hit the bank? I am also stuck with making a refund receipt entry which automatically prompts me to make payment via cheque, but the refund had already been made through the POS system. None of the online discussion I came across matches this scenario and it's awfully frustrating!
I have set up a user in QB Desktop Pro with no payroll access and no access to restricted reports however they can still access the Employee Center and the Employees Tax in the Employee Center and see a list of Employee Names and net pay cheque information. Not hard to work back to figure out the gross pay and certainly shows the differences in wages between employees. This seems to be a very serious security breach or failure.
Is there a way to set specific types of pensionable earnings in QB payroll? These deductions should exclude employee performance bonuses for example.
In QB Canada Desktop or Enterprise, how can I see which transactions are documented properly with an attachment and which transactions are still in need of an attachment? Is there a report I can pull?
invoice amount is 6242.33 and jobber takes a fee of 168.84 so the amount that is deposited in the bank feed is 6073.49. But I need to account for that jobber fee by reconciling the amount. It's easy to do from the bank feed but I need to know how to reconcile while "receiving payment" directly to the invoice. How do I do that?
I checked each transaction and I find out that GST/HST Summery report is not taking beginning balance and one manual journal for recognized revenue How can I adjust this?
I customized and invoice and renamed the columns, but when I create a new invoice, the new template is not visible to insert the correct information into the correct columns. I can select the new template from the customize option at the bottom of the page, but it doesn't allow me to actually use the columns properly. What is the point of being able to create a customized invoice but not actually be allowed to use it? I'm sure I am doing something wrong.
Hey everyone,My office manager and I are just butting our heads at this. As soon as we click into our accounts payable we get a warning/error message window pop up with the following "cannot open a file that is necessary to process tax forms". It doesn't let us proceed after this into accounts payable. We did contact support (unfortunately, that's another issue entirely that I won't get in to) and the only option they gave us so far is to install the newest Quickbooks Desktop 2023 version (we were using the 2021 version). We are still receiving this message with the new version. Is there something that my office manager may be missing or anyone know a solution?
I always assumed that if you book a sale to a specific class, the other side of hte journal entry (AR account) is automatically also booked to the same class and that when the cash is received for that sale, the transaction to Debit Cash and Credit AR automatically is booked to that same class as the underlying sale as well, but somehow it doesnt and goes to an unspecified class which is terrible. Same with bank transfers, if I transfer cash from one account to another, it's always unspecified class and no way it seems to assign a class. Please help, this is really critical for our company to also have a Balance Sheet by class, not being able to do this really defeats the whole purpose of having Classes at all if you cant get a full set of financial statements.
