QuickBooks Q&A
Recently active
Original commenter did not share additional details
Dear Advisors,I am very new for QBO btw I want to record correctly and clearly so I have many questions. Please understand me. Here is small ship agency so sometimes the Ship company(Ship Owner) sends money to our bank and we withdraw it as cash and delivery to the master on the ship when the ship is anchor in harbor. We receive only 200-300 delivery fee and the others are all their own money. For example, Ship owner sends 5,000USD + 100USD, we deliver to the master(captain) 5,000 on behalf of the Ship Company and we receive 100 for handling charge. In this case, it is not our revenue at all. So I want to just record for the cash as bypass (not our income/revenue) and then only I want to record the dlvy fee as an other income at our end. Which category for this bypass cash is correct one? Please advise the account type and detail type. Will be highly appreciated it.
Hi QB advisors, I am a very new for QB so I would like to get your advice for settings. I've seen many tutorials and saw everyone sets as 'BANK' at the Account Type for bank accounts in the 'Chart of Accounts'. But I cannot set up as 'Bank' for my three bank accounts. Why I don't have it on the list? Any different version so do I need to choose current asset or cash & cash equivalents? Can anybody teach me, will be highly appreciated it!! (I attached what is my question.)
1.As we are at end of the year, i wanted to record accumulated depreciation of my all Fixed asset .2. i am not sure if we created a proper depreciation account for each Fixed Asset/type, hence i want the steps to create and step to record the accumulated depreciation ,so the effect will take place .
What’s new in QBO- Quarter 1 2021 We know it is important to stay in the know about what’s new in QuickBooks Online. That’s why we are here to share the latest and greatest developments personalised for our Singapore Customers. We update this quarterly, so be sure to check back so you can hear it here first. Quickbooks Global store QuickBooks apps expand the capabilities of QuickBooks Online, each working together to improve your business. This is why we have introduced the QuickBooks app store specifically for our global customers. With the QuickBooks Online App store, you can discover key apps to connect with to meet your business’s needs and integrate with all of your critical systems. You can access the app store directly from your QuickBooks Online account from your dashboard by logging in and clicking “Apps” from the left menu Featured App: Saasant Bulk Importer We know how precious your time is, and we want you to be able to get ther
Hi! I am currently setting up QBO for an insurance agency company in Singapore. We collected premiums from our clients and placed it in a trust account. I have few issues on hand. Kindly assist. 1. How to record premiums collected to be paid to Insurance Companies.2. How to record commission from Trust Account to our Operating bank account. Appreciate your kind reply. Thank you.
Hi How do I record GST F7 filing in Quickbooks? It's an additional filing to IRAS for correcting errors made in 'original' filed GST Return (F5) for previous quarter/(s). In most cases. it will involve another payment or refund to/from IRAS for GST amount. Submission of original GST Return (F5) still in place so I guess calling in Support Centre to re-open the filed return is not workable as the payment/refund based on F5 is valid and well-recorded in QBO. Any other solution? Thank you.
I keyed in name under the "Name" box in my Journal Entry but the name did not appear under "Name' column in General Ledger. How can I have the name show in the "Name" column in General Ledger?
I have created a journal entry to recognize accrued revenue at year end, how can I get this journal entry to show up in the transaction list under the Customer account? I have selected the Customer in question under the Name column, but this journal entry does not appear in the transaction list. What can be done?
why credit note cant links to invoice over billing?
Income showed in project report would be always zero, even though invoice issued was paid.
We are a CAD company that invoices all customers in USD and want all payments made in US$. Home currency is set to CAD because bank and cc are Canadian. How can I issue invoices with payment by Credit card to ensure payments are made in US$ and when the payment is received how do I book the exchange amount received as it comes into the CAD bank?
How do I record a GST Expense ( in order to claim back from IRAS) for a property purchase?
I am able to create a JournalEntry using PHP-APII am also able to upload an attachment using PHP-API. However the attachment is not getting linked to the JournalEntry, instead it is showing up in the UnLinked list. $entityRef = new IPPReferenceType(array('value'=>'JE9999', 'type'=>'JournalEntry'));$attachableRef = new IPPAttachableRef(array('EntityRef'=>$entityRef));$objAttachable = new IPPAttachable();$objAttachable->FileName = "testfile.jpg";$objAttachable->AttachableRef = $attachableRef;$resultObj = $GLOBALS['dataService']->Upload(base64_decode($imageBase64['attach']),$objAttachable->FileName,$sendMimeType,$objAttachable);
Hi I need the step on the following payment recording:We are General insurance agency, selling Insurer's product (different type of insurance) *Scenario 1 : We collect payment on behalf of Insurer: 1. issue Invoice under customer : in the invoice product/service should create under which account? the premium collect on behalf of Insurer is not revenue. but we need the premium reflect in the record so that we can keep track how much customer owe us. 2. issue Bill under Insurer : in the bill which Category to select? we need to keep track the premium that we owe insurer. *Scenario 2 : Customer paid direct to Insurer:1. what documents and Category I need to issue to make the premium reflect in the AR and AP record?
Hi, we are General Insurance Agency. we provided service to customer.sometime we do collect premium on behalf of insurer, when I issue Invoice to customer, the premium captured at Revenue. However the premium is not our Revenue. How should I do it?
