Reports and Accounting
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Hello,I have a Quickbook database in Euro, with suppliers and customers in GBP and Euro without having activated the multi-currency function.So far I have been converting from GBP to EURO manually before my entry in Euro.I would like to activate the multi-currency function for the financial year 2023 but I have questions about :- Will it have an impact on my GBP customer balances?- If my customer account was set up without currency, and it will be in GBP in the future, but the transactions generated up to now were in Euro, won't this make a mess and convert everything?- I don't see the field with the conversion rate for importing with a rate that you chooseIs there any other risk to activate this function with an already existing and running database?Thank you for your help.Marion
i downloaded mileage tracking app part way through tax year so used tracking from September but all previous car travel was credit card expense with receipts.it wont allow both previous fuel receipt from April -sept and mile tracking September onwards on expense.it wont allow part year app tracking and part year credit card statements . is it a case of not using app until next tax year and just using all petrol receipts instead?
Hi, my company has outstanding PAYE owing for months 4,5 & 6 in 2022. These have been bulked together to be paid off with a payment plan through 2023 as agreed with HMRC. Just looking for advice how to deal with the open invoices showing for 2022. Should I use journal to move them together under PAYE creditor account, then match with monthly payments to pay off? At the moment they are showing on invoices (in separate PAYE accounts depending which department employees were in) which are overdue. Thanks in advance
We sell stock products and non-stock products but QB separates them into different income accounts so we have a sub-account on the P&L - eg:Sales (which is non stock items)Sales:Sale of stockTotal Sales We'd like to stop the Sale of stock from being a sub-account so we just have one line for sales on the P&LI hope that makes sense!!!
I need to recharge the VAT to a project in the accounts
I've got an issue with my reporting on QB. I spent over an hour explaining this to a QB tech support representative I was told they were looking into my issue then they just left the chat without asking if I was still there or anything. I really don't want to waste another hour going through this. What can I do?
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Every 2 weeks we receive an email headed 'Open Invoices', with an excel spreadsheet attached that contains all our outstanding invoices. At present this goes to 4 people, we want to remove one person from this mailing list. How do we do this? I rang Quickbooks support about this a while ago but didn't get any clarification.
In the balance sheet we have Debtors USD and Debtors Eur as separate lines to Debtors but we dont seem to be able to run a report on these separately to see those who owe USD for example
Is it possible to add a reforecast column into a P & L report within QB online?
We will phase the budget (mth by mth) once all uploaded but it's very odd we cannot upload a single sheet with all cost centres. We are using the Online Pro version.
Any idea why my Dashboard "Sales" total is higher than my Profit & Loss Income figure. It's out by almost £30k, so not really even close
Hi Community, I am just starting with QB self employed and I would like to separate expenses in 2 sections: one for my self employed work and one for letting a property. Is that possible, and if so how?
HiThe main part of the business is selling on eBay so the income and cost of goods is against that. Recently I sell on etsy too but different products and i would like to log the expenses and incomes separately but i cant figure out how to do it. I have added tags but i can apply them unless i go in one by one. I'd love any pointers to try outThank you in advance
If so i would be able to run again last finalised accounts to 30/4/2022 ?
Do I have to print the detailed report prior to submission ? I have submitted my return.
I am wondering how I should go about handling transactions for an e-commerce business. I currently have eBay, Stripe and PayPal set to pay out the previous months takings account at the start of every month but of corse this only gives me 3 transactions per month. In reality, there is hundreds of sales transactions each month but these do not make it to QuickBooks. Do I need to import every single transaction into QuickBooks or is the monthly payout transactions enough?
I can run a P&L by month and can drill down for each account for the year total but can't see how to print this other than printing every account individually?
At year end 2021 a JE was made to Dr A/R and Cr Prepaid Income. I believe this invoice should have been reversed in January of 2022. It was not.I have created a JE to reverse this in December 2022 prior to year end. The books are correct.However, my A/R aging detail report shows two line items.In the "Over 90 days section" it shows the 2021 JE. In the "30 days" section it shows the December JE. When I close the books will these two cancel each other and clean up the report? What do I need to do to clean this up? The rest of the A/R has been resolved and so I will start out clean at the new year.
