Reports and accounting
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On the invoice I want to display the total amount and also the 50% down payment that the client has to pay now. When I add "Deposit" QB assumes that the customer has already paid the deposit amount. However, this is not the case. I would like to invoice the customer for the first 50% of the total amount and at the same time point out that a further 50% is due once our work has been completed.
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I am trying to work out a solution to an issue I am facing with voided invoices. I have a moving service that my customers pay for and the prices varies based on the options. Sometimes we get the price wrong and the options wrong so I have been voiding the original invoice and issuing a new one with the correct information so that the. customer always has an accurate invoice. Then I take the unapplied payment from the original invoice and apply it to the new one. Then I issue a refund (through Merchant services) and a refund receipt through Quickbooks Online. The problem is that when I do this, it leaves the customer with a negative balance in my books? What is the right way to handle this?For example, this customer account below shows an open balance of -$160.00. DateTypeNo.MemoAmountStatus09/11/2024Refund1141 -160.00paid09/11/2024Invoice1137 200.00paid09/10/2024Payment -360.00partial09/10/2024Invoice1135Voided0.00void
For example, I purchase an inventory item for $2000 this year. The item shows up in the asset account as it should but also shows as an expense in the associated cost of goods sold account on a cash basis profit and loss before the item is sold. The item is setup as an inventory item and linked to the proper asset, expense, and income accounts. On an accrual basis profit and loss the item is not expensed, as it should be. Why is qbo expensing an unsold item before it is sold?
I have an asset that needs to be removed. We do not use accumulated depreciation. Our tax advisor uses a depreciation schedule, due to the volume of equipment that we have/purchase. Previously, I have deleted assets, but I am sure that is NOT the correct way to handle this.
A few months ago I created a Bill and a bill pmt-check. The Vendor no longer needed the check so it was given back. This happened about 2 months ago and I still need to Void the check in QB. I do not want to affect the previous periods as the books have already closed and locked with a passcode. I tried just using the Void feature in the "bill payment(check)" screen but it would make the bill available to pay again which is not what I need. How do I void the check when the period is closed and the check does not need to be reissued? Update-I made a journal entry but I want to make sure this is correct: Account Debit Credit Memo NameChecking account $99 To void check#... Vendors nameExpense account &
QuickBooks Enterprise - Manufacturing and Wholesale 24.0 Quick question on what time of day inventory adjustments in QuickBooks take place. Scenario:1. We do inventory on 8/30/24 after we have finished making and shipping everything for the day. Say 5 pm on 8/30/24.2. On 9/2/24 we crunch all of the inventory numbers.3. On 9/2/24 Accounting generates variances4. On 9/3/24 we go through and identify any data entry errors, etc. and come up with the final, corrected inventory numbers for the end of the day on 8/30/24. Obviously, there will some adjustments that will need to be made by Accounting.5. On 9/3/24, Accounting does inventory adjustments for 8/30/24. The screen for inventory adjustments just has Adjustment Date, but no time of day. My question is: What time of day, on the adjustment day (8/30/24), does the adjustment occur by QuickBooks? First thing in the morning? End of day? Some random time? The reason for the question is that:1. If QuickBooks adjusts
We are losing money when our members/vendors pay invoices via the merchant account. Need to know if a 3% processing fee can be assessed for invoices that are paid only by credit card. It would automatically need to be added when the credit card info is entered for payment. Can this be done?
When I go to new it pulls up a generic sales receipt that does not fit my needs. How do I fix this?
Hello, I am loving the Spreadsheet Sync but am having to sign in if I close Excel. It seems to stay logged in as long as Excel is open, but if I ever exit and re-open Excel I have to log in again. Is this expected behavior? Is there any way to have it stay logged in for a longer period of time? Thanks!
In my business we buy our book of business from the corporation I work for on a 10 year loan. I get paid buy the corporation through commissions. What I need to pay for the loan comes directly out of the commissions I receive. How do I enter the loan payment so that it is still an expense but part of the deposit? And how do I then have it it reduce the amount of the long term liability?Here is an example: My commissions for the month lets say are 20,000. My loan payment is 2,000. So my deposit is 18,000. My statement for the commission will show 20,000 commissions and the 2000 loan payment as a negative and deposit is 18,000.
If a customer overpays their account and we don't put the full payment amount in we can not reconcile the bank deposit. If we put the full payment in we can only give the customer a credit and not a credit memo. but it is non-posting and difficult to work with.
Anyone having trouble with QB Online Scheduled Reports? We receive some, not all, and in some cases, nothing at all.
I created a custom report of contributed income and am able to add the "Ref#" column, but the data I've entered (specifically Check #) doesn't show up in the report. I really need this data. How can I get it to show up? (I tried to take a screenshot with your camera icon, but that feature still doesn't work). 😞
I tried to send invoice but says my subscription was suspended
I don't want any reference of sales tax to show on the invoice.
invoice problem
