Reports & Accounting
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For the past few months my cost of goods have gone up. When I go into my profit and loss statement and look at my cost of good (food costs) it is listing each invoice twice. I can’t figure out why this is…it has only been doubling for the last three months. Prior to that it was fine. I can’t figure out what would cause it —if something was changed in quickbooks or someone entering wrong. When I go look at the invoices there is only one. Does anyone have any ideas where to start to figure out my issue. Thanks
I’m trying to find somewhere in qbo to save a scanned doc for my accountant without a transaction to attach it to, for example, contracts, government notifications, t-slips issued to my company etc…I would rather have them access these docs through qbo than to have a huge file to try an email for year end or heaven forbit go in there and drop off a usb! Haha! Thanks!
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Is there a way to enter them all at once? They are the same every month, but would rather not have to go back and individually add 10 years worth of them in.
Hi everyone. I am totally new to bookkeeping and have been thrown in the deep end as my husband and I have opened our own small business.I am very stressed out over it all, so thought I show ask you guys for help! I was recommended to use Quickbooks Self-Employed, as it’s simple lol and we are a sole proprietorship company. So far I have connected my bank account and marking the invoices as personal or business and selecting a category for them, adding the HST where necessary, taking a photo of each receipt and uploading it and then putting them aside for the accountant. 1) Is that all I need to be doing with my invoices. Everything we purchase is paid at the time. There is no Accounts payables. 2) do I need to be showing shipping we have paid, separately? There doesn’t seem to be a way of doing that in QB Self-Employed or maybe it’s not necessary. Thanks for any insight you can give me. I will no doubt t have many more questions.
I have done the switch at year end but some of the funding from the prior year had surpluses which I need to account for in the new year in QBO.
Specifically, I'm interested in (finally) understanding the nuances between how the software/QB does things versus what an accountant would think and/or expect to see based on what they're trying to do. So, one example of what I'm looking for, I just made a JE to debit a legal expense and the associated ITCs to a GST account and credit another asset account since that's where the payment is ultimately coming from. Interestingly, and despite using the supplier's name in the journal entry expense account line, a bill wasn't created, nor did the expense show up in the supplier's profile (i.e., menu -> Suppliers). I had though debiting an expense account + adding a name would create a bill for that supplier you'd then need to pay bills to address (or debit A/P same name and apply that credit using the pay bills feature). What I clued into just now was/is that the current asset account used for the credit is not a bank or chequing account type in QBO which I think now is what actually dr
Should we use sub accounts, Account numbers, or just uniquely named accounts?
Need to know cost of each project including tax, not just net amount.
When choosing the customization option to "Hide cents" (e.g. show all numbers as whole) on my profit and loss statement, I'm getting lines showing 0 where previously they would not show the number 0 and would instead be blank. Any idea how I can get around this? Makes my statement look bad.
I want to review my BOMs for each active assemblies. Is there a way to extract all the assemblies as a report.Thanks
can i filter out customers with negative totals from my A/R report
I'm getting an error message that QuickBooks allows five levels of accounts. I need to have a few more levels. (e.g. Materials: Change in Inventory: Purchases: Raw Ingredients: Chocolate: Baking Stick). Does anyone know if there's a way to override this?
I would like to have the tax show up after profit line, before net profit. Right now, it shows up alongside other operating expenses.
