Reports and accounting
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Is there one report that shows approved estimates, payments & open estimate balance?
I am new to QB, but the lady currently handling ap & ar says this is how she was told from her CPA to record retention: Debit the amount from the bankCredit the retention Debit retention in APCredit Income Sales. The problem with this is that the invoices show an open balance even after the retention is paid. Has anyone had a CPA tell them to do it this way before? Is there an easier way to do this that will zero out the invoice balance?
why are my vendors not showing up
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We are a contractor and when we invoice the owner of the project always holds back 10% retention on every invoice until the entire job is completed. Here is what our invoices look likeFoundation $10,000Retention -$1,000Invoice Total $9,000 When we receive the $9,000 payment the invoice shows paid $9,000 The Profit & Loss however shows that we were paid $10,000 but that isn't true. This is happening with every single invoice paid. Why does it do this? I don't see where the $1,000 is ever taken back out on the P&L. This is a huge issue I am concerned we have been over reporting our income on our tax returns and being overcharged on income taxes. Please help We are Cash Basis and I have confirmed the P&L shows this on Cash Basis
I imported my data from QuickBooks Desktop a year ago so maybe this has something to do with it. How do I convert?
How do I account for retention on customer payments without making it look like I am underpaid or like the contract is paid in full when the retention is yet to be paid at the end of the project?
I want to manage my few stores in one business.
I'm sure it must've been entered in that way originally but I can't figure out how to change it. My first name on the application appears as part of my company name and my last name appears as the rest of the Company name. In the application it is non-editable fields.
with previous versions of qb when you entered an invoice for payment the system would notify you if the same invoice number was already in the system for that vendor giving the ability to override and enter the duplicate. with this version duplicates can be entered without any indication.
I'm trying an online version and trying to take estimates and turn them into invoices like the desktop version. I've watched the video but it doesn't work like the video.
How do I restore my clients in QB Online? I My business has been in hiatus the last 6 months due to a family crisis and now I am ready to resume my business. I logged into my QB Online account to update things, and my client list is no longer there. It shows(deleted) next to an invoice in sales. Has QB revised and changed things? How do I restore all my clients without having to enter over a 100 clients manually?
I have two custom form styles for invoices. The newly created invoice style has everything the same as far as layout, just different messages to the customer. Each time i save it, it saves the same message in the other invoice. I go to change the other and the same things happens. Cache cleared and all that, it's still doing it.
A couple of my clients have told me that after they pay their invoice, they receive a survey that LOOKS like it's from us. 1) How did [insert my company name] do? 2) Would you use [insert my company name] again? 3) Please provide your contact info. It is most certainly NOT from me/us. I don't know where the answers to those questions go, but they're not coming to me. Where is the info going? Why is QBO doing this? Are they collecting my clients' data? And how do we get them to stop?Is anyone else dealing with this?? Thanks in advance.
Hello, I'm trying to figure out how to record these invoices that I have that involve both a projected amount and how to record the actual amount for our purchase of service. The projected amount we pay using estimated data so the break down would be something like. Covid Hazard Pay - xx, xxxPurchase of Service - xxx,xxx (using state funds)Total = 316,709.65That's pretty simple but then we get our actual data that has the breakdown of info that we need to show in our expenses Purcase of service - xxx,xxxCovid expenses - xxx.xxReceivables (xxxx.xx) (these get deducted from vendor)Total = 315,548.31 We have a remaining balance due of $1,161.34 Does anyone know how this would get recorded? We obviously cut the check for the projected amount, but then we receive the actual data and is confusing as to how to record the expenses such as the actual purchase service amount, our covid expenses, etc. I always end up with an negative number in my bill and have
I took over accounting for a business where there was no real transition between the previous accountant and myself, so I am having to look into a lot of numbers on our monthly comparative P&L that the owners have questions about. We have a freight company we work with to get both equipment the business uses, and products we sell to customers, shipped to us. Looking through past bills for them, all the shipping has been categorized as COGS: Shipping. Firstly, I'm wondering how any item can be charged to a COGS account before it's sold? I clicked on on the category and typed in "Freight" to see what would come up; nothing did, so I opted to add it. When the window popped up, I picked from the drop-downs to create both these options: Option 1) Account Type: Expense, Detail Type: Shipping, Freight and DeliveryQB hint text reads:"Use Shipping, freight & delivery to track the cost of shipping products to customers or distributors.You might use this type of accou
Quickbooks online recently updated as of 12/1/16. Now, there is no box to check: show aging summary. So my customers who have a past due balance now...it's not showing that. Only showing this month's current total.
I've created partial invoices in the past based on an estimate and didn't have an issue. Now I create in invoice, it wont email, save or print. It just give me the thinking icon. When I try and do a print preview of the invoice it shows that it's trying to prepare thousands of pages. It counts up to 30K and then goes back down, then repeats. QuickBooks 2018 Desktop Premier HELP
All info correct except the banking account type and account number
QBO church fund accounting - we use Classes as Funds - not sure what I’m missing... for example. When I capitalize an invoice to the asset account Building instead of expensing it, DR buildings (asset)CR checking (asset) - building fund at month end:previous month Class balance + income - expenses = new month end Class balance since there isn’t an expense or income - the new balance is incorrect in fund accounting software, you transfer asset to asset and fund to fundin QBO the checking account is both your asset and fund balance?!
I want to delete customers that I don't want to service anymore
I am using desktop, and I want to print a report that shows bill payments made on a specific date. So far, I have been able to see any bill payments made from any checking account, but I do not see any bill payments made by credit card. How can I get the credit card transactions used as Bill Payments into my report?
Hi, I've gone through several other posts here and the answers keep changing haha. I'm an Australian with US bank info and need to get paid by a US business. They've tried to add me as a contractor but I cant add my information as I don't have a SSN or an EIN. What can I do?
