Reports & Accounting
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My customer (a partnership) briefly used QBO to track inventory, but abandoned this several years ago. They posted expenses and sales in QBO, but track the inventory offline. Fast forward a couple years and they are now incorporating. I'm closing down the old QBO partnership account and opening up a new set of books for the incorporated company. But there is still a pesky balance in the partnership inventory asset account. What's the journal entry I should make to eliminate the inventory from the partnership books?
I need to create a 4th Quarter Budget for FY2026 (Jan 2026 - Dec 2026) and it will not let me create one for later than 2025. Can someone help me, please?
i get no detail on customer statement all i getr is total owing balance
When I click on the amount, the report for that expense withing the TB shows that it only covers from Jan.1st to end of year insterad of the full 12 months.
Good morning, I have 2 questions about the Sales by Customer reports: 1. Is there a way to exclude exchange gains/losses from these reports? I want my reports to match exactly the amounts in my income accounts. 2. On the Sales By Customer Detail report, exchange losses are shown as positive values while exchange gains are shown as negative values. This is confusing to the reader since the sum of the values in the amount column does not equal the column total (see example). Is this normal? Many thanks!
QuickBooks somehow seems to magically download my bank statement from the linked account when I reconcile. However, when I try to view the statement by clicking on it, QuickBooks puts up a 'Save as' dialog, and prompts me to save the document. If I do that, then go back and click on the document to view it, I'm promoted to save it again, but I never get to view it.
The online help says to click "Attach" to attach the bank statement manually, but I can't se an "Attach" button or link anywhere on the page.
exchange rates are updating
Hello,This year we purchased 2 enclosed trailers and 2 used vehicles all with loans. Do I have to make separate asset, liability and interest (expense) accounts for each asset? or can I group all vehicles under one truck loan/interest paid account and the same with both trailers?Thanks
We have hired a recruiting company for hiring employees. What would we put this expense under on the P&L statement? Thanks
