Reports and Accounting
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Hi, I am a fairly new user to QB and have just run the new enhanced "transaction list by customer" report. The "amount" column is showing absolute values ie. debits and credits are all showing as positives. If grouping by customer, the subtotal by customer is therefore adding all values together to give an incorrect total eg. a sales invoice of £100 and a customer receipt of £100 are both showing as positive and subtotal to £200 rather than the sales invoices as £100, the receipt as -£100 and a subtotal of zero. Has anyone found any logic behind this? The same report on the supplier side shows invoices as debits and payments as credits, which is exactly as I'd expect. So I'm at a loss why the Customer side doesn't work the same. Thanks
an example,If car value is GBP 100 and if I have monthly payment of GBP 20 for 5 years under PCP, can I claim full GBP 100 as first year allowance or am I supposed to claim only for GBP 240 (12 X GBP 20)?
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The existing chart of accounts is wholly unsuited to the analytic needs of the organisation.
After submitting payroll FPS and EPS reflecting CIS suffered to HMRC I’ve paid the balance to HMRC via a direct debit. After matching that payment to HMRC payroll liabilities I’m left with a balance sheet entry for HMRC payroll liabilities which (unsurprisingly) matches the CIS suffered. How do I reflect the ‘benefit’ of CIS suffered in my accounts?
Hello - In my chart of accounts I have an equity already setup 'retained earnings' my company type is set up as sole trader using cash basis accounting. I can neither change the retained earnings equity account to 'owners equity' or make it inactive. As I understand it I only need 'Owners Equity' and 'Owners Draw' equity accounts?
I've just been told by QBO support that the Cash Flow Planner tool is to be phased out globally. I tried to get a link to a public announcement that this is indeed being phased out but no one has (yet) been able to provide public confirmation.The Cashflow planner has flaws, but it could be a really useful tool if some of these flaws could be ironed out.I find that the cash flow planning tool is really useful and would be quite surprised if this is true as removal of a tool seems like a backwards step when the price of QBO keeps rising.How does everyone else feel/think about this tool being phased out?
Obviously I can select 'Budget format' when creating a new budget, I'm talking specifically about the Import option. I'm only offered 1-2-3 (Time period; download template; upload budget) and the template doesn't offer and subdivision.
When an invoice routed to Accounts receivable is paid, the revenue from that payment is not showing up on the P&L report. This just started happening with a few invoices, other older invoices show up as revenue. How can I fix this issue?
Hi all, I'm hoping you may be able to provide some help on the below. We have built an integration into QBO, which is working successfully and is posting Invoice and Sales Items correctly, however the P&L reporting looks strange. The sales items are being posted to the correct Financial Account, but within the P&L report, the Financial Accounts seem to be duplicated:Is this something anybody has experience before, and may be able to advise:Why it's happening?How to correct it? Thanks for any help that can be provided! Kind regards, Sam
I recently set up as a sole trader but I purchased several stock items before I started trading. I paid for these with my personal bank account but now I have a business account which is connected to Quickbooks. My question is can I still sell these through the business, and if so how would I account for this in Quickbooks?
Hi there, Looking for some assistance. We run a contruction firm, and receive PDF Invoices from our customers regularly. We can upload these into QuickBooks, however often the software does not pick out the correct information. Are we doing something wrong? Looking to cut down on manually having to input all the lines if possible. ThanksCalforth Construction
I want to set up a budget from Jan 2024-- Dec 2024 but QB only seems to show the financial year which is June 23- May 24
Can I change the layout of a customer statement as the balance column is incorrectly justified (left instead of right for numbers)
We have used QBO for some time without an issue. We tried to reconcile our bank account but when we press start reconciling nothing happens. We have never been linked to our bank.
We urgently need an option for a running balance column in our suppliers.Currently we have to export to Excel and create a running balance column (see below).We deal in multicurrency, home currency is £, We have over 300 supplies on many countries and exporting to excel each time is stupid! If a supplier calls us from USA and asks us, What was the balance on 30/Nov/2023, or 31/Oct/2023 in US$, we are unable to immediately reply to them. We have to export to excel, create a running balance column and only then can we answer their question.I believe on the Customer side you (Intuit) is having the same problem...and the solution offered was on the lines of you can see it on the statements!!!! Excuse me Intuit, we need to this this information live on the ledger! Supplier Name TypeNo.ClassMemoBalanceTotalStatusrunning balance15/12/2023BillFPL 00003 23 0.009,625.60paid-500.2808/12/2023BillFV EX 00041 23 0.005,429.76pai
For example I cant generate P&L view by month or P&L by customer report. Have a filter option for classes and location within budgets in the spreadsheet sync function. Thanks
We have two Intuit accounts, one for payroll, can we amalgamate these accounts?
this is on QBO UK.
