Reports and Accounting
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Hi, a shareholder paid some business expenses directly from their personal account. I'm wanting to record the expenses in quickbooks, however I dont want to pay the money back to the shareholder yet. I instead want it recorded in a shareholders loan (liability) to be paid back at a later date. Can someone walk me though how to do this? I'm new to quickbooks. Thanks, Michael
Every balance sheet format in the world sets out current assets in this order:- stock- debtors- cashThis is also the requirement under UK accounting standards FRS102 or IAS1, currently in force in the UK (for Ltd companies).Why does the QBO balance sheet report show cash first, then debtors, then the rest in a grouping called 'current assets' (when in fact cash and debtors are also types of current asset!)
The balance sheet in open books runs from April to April but this is my first corporation tax return for my Ltd company and HMRC want dates from Nov - Nov. How do I get those figures through open books?
When we create a new customer , QB starts with invoice no , for eg 1 and so on. when another new customer is created , it starts again with invoice no 1 , whereas it should the follow the serial from the last invoice created for the first customer
