Reports and accounting
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We recently switched to QB Online, including payroll. For the first six weeks that we used QB Payroll, we could not use QB Time, so we could not allocate employees' hours to the Customer they worked for; therefore, it's not showing in COGS for each Customer, and I need to correct that. I need to know:How to get our hourly employees' Wages from those six weeks applied to individual Customers under COGS / Direct Labor How to get the hourly employees' Wages already entered via QB Time (already allocated to a Customer) to be switched from Wages to Direct LaborHow to make sure, going forward, that hourly employees' time is allocated to individual Customers (under Direct Labor)
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Hi,Is there a way to setup the Profit & Loss Statement on QBs Desktop to show up like the image attached? I can't get the Profit & Loss Statement to show the % of Income columns for the Last Fiscal Year and Previous Year as shown on the attachment. The Current P&L Columns Setup below is the best I could do.Any help is appreciated!
Hello - Why would the Vendor A/P Summary Report show a bill that is already paid? the bill shows paid by the correct check in the transactional history and the bill shows paid. But it still shows in the totals of the A/P Summary report.
I’m fairly new to the bookkeeping world so I’m learning on the go. The company I work for collects deposits and puts them in a liability account. When the customer is invoiced at the completion of the project, the invoice is meant to charge for the full price and subtract out the deposit, increasing revenue and decreasing the liability account. What sometimes happens is the difference between the sales price and the deposit is entered as revenue, so the liability account is never decreased and we show a smaller amount of revenue. There’s a big discrepancy between the amount showing in the liability account and the bank account where we keep these funds. I’m working on going back through the books and fixing these entries, but I’m in closed periods now and I’m not sure how to approach this. Should I enter an adjusting journal entry to remove the liability and increase revenue? Should I reopen the closed periods? Recommendations?
Hi Team,Can you please help me with how to record these transactions in QuickBooks?I purchased a car for my business for $38,000. I used $30,000 from the business account and $8,000 from my personal account. How should I record these transactions in QuickBooks for bookkeeping purposes? Note that I only have my business account connected to QuickBooks.Regards,Rupa
Why there is an account to track costs associated with vehicles called Auto but at the same time under Other expenses there are a buch of accounts for vehicles expenses- like vehicle insurance-vehicle repairs, gas and fuel, tolls, repairs, etc ? what is the difference?
We allocate grant funding to identified clients to help pay a percentage of their invoice for services. For example the money comes from GRANT A but this money is then allocated to pay 20% of client 1, 40% of client 2 and 100% of client 3 invoice for services based on financial need. At the end of the year not all the grant funding has been allocated and then must carry over to the next fiscal year. What is the best way to account for this in QBO? Allowing us to get a clear picture of the amount of money in the grant remaining and to whom it has been allocated.
We have a past Profit and Loss report of Durbl, where the gross profit is calculated by subtracting the cost of goods sold and Amazon and Shopify fees from the revenue. Now, when I open the Profit and Loss report of MPM, the Amazon and Shopify fees are shown in the expenses, and the gross profit is calculated without subtracting these two items. So I want to know if the profit and loss report template can be adjusted to move these two items(Amazon fees and Shopify fees) to the top, and the gross profit is calculated by subtracting these two values？ Thank you.
I followed the instructions to go to settings, custom form style, click new style, and choose credit memo...but there is no credit memo in my drop down menu?
I am trying to use Spreadsheet sync but I cannot figure out how to select more than 1 class at a time. For example I can run a Profit and Loss for multiple periods for all my sales classes, or I can choose 1 sales class. What I would like to do is run a profit and loss for multiple periods for multiple sales classes. Is that possible?
With QB Online, deposits that have multiple line items (multiple checks to deposit) do not transfer the customer name to the transaction reports. A single deposit with a single line item (one check) will show the name of the customer in the transaction report, but a multiple line deposit will not show the names. This was not the case with QB Desktop. For example, run a P&L report. Pick a revenue line and "double-click" to see the transaction detail. If there are "blanks" under the NAMES heading, then those are split deposits. The back end coding is not pulling from the line item fields correctly. The only way I found to get around this is to "customize" every transaction report by gong into the report settings (gear icon) and adding in the columns for Customer and Vendor fields. You have to do this every time. It's super frustrating and we did not have to do that with QB Desktop. Please have the engineering team look into this. Unfortunately, it's only going to be a
I've been using the methods described here:https://quickbooks.intuit.com/learn-support/en-us/help-article/regular-payroll/create-reimbursement-pay-type-online-payroll/L1vnXgP6H_US_en_USin order to reimburse my employees for company expenses using various custom reimbursement types (supplies, meals, travel, etc.). For payroll this seems to work fine, but at the end of the support page linked above it says:"After assigning the reimbursement to the employee, check your accounting preference to ensure it is posted in the correct accounts for exporting purposes."Where can I check or edit this? As far as I can see, all reimbursement categories get summed into a single account named "Reimbursements", type=Expense, detail type=Payroll Expenses. How can I have these breakdown into the correct custom reimbursement categories (e.g. Reimbursements:supplies, Reimbursements:meals, Reimbursements:travel, etc.)?Even better how can I map these expenses to the more general expense categories I already h
I am beyond frustrated. For 3 months now, I cannot use QBO properly because there is a bug that prevents any transactions that include items with large numbers of transactions. It all started when I suddenly faced the problem that my syncing software was not able anymore to post my Amazon, ebay, Shopify orders to QBO. First I thought the third party software was the problem. When talking to them they said it actually is an issue on Intuit's end and they are working with them to resolve the issue. The issue arises when an item has a large number of transactions in QBO already. Then any order that contains that item cannot be posted. The workaround provided for this is to create a new item in QBO. This is not a good solution, because once this new item hits a large amount of transactions, you are going to have to create another new item. So you end up having multiple items in QBO for the same item which is inconvenient when you want to pull sales reports.When calling QBO support the
Will QB POS financial exchange still work after Oct 3, 2023?
For example, I have purchase two items A & B and I am able to cateogized it as item A & B separately in the vendor invoice. This is my FOB cost. But then I want the Item A & B to show the LDP cost in the inventory asset to includes the freight & duty bill for each items. When I try to enter the freight bill, it doesn't let me allocate the freight bill based on item A & B in the system. Is there anyway that I can add that in?
random change to bills entered
We are using ... I am generating the Open Sales Orders by Customer report. Using this same exact version of QBs at another company I used to work for, I can generate this report cleanly. All items on orders for this company and the previous company are Non-Inventory items. Now, this report generates with negative quantities & negative dollars for each of the lines on the order instead of positive numbers. It also generates an additional line showing the total dollars for the entire order which I do not want included. Below is a screenshot of the report results generated. I have masked our customer names and product information. I hope someone can help because I spent over 45 minutes on the phone with QBs support yesterday and the person could not find the problem. I was supposed to receive a call back and never did. Thanks!
How can I disable the QR code that shows up at the bottom of an invoice? QuickBooks keeps changing things constantly and now my invoices run over two pages and if I remove the QR code it will put it back to a single page
Quickbooks decided to give Invoices a new look. What a disaster We use invoices to book our daily sales at our restaurant. We don't use sales receipts because we need to apply multiple payments to a single invoice. Last time I tried this using sales receipts only one payment could be made 1) No longer an option to make Discounts pre or post tax. The old version it was drag-and-drop. If there's a way to do this in the new design then they've obfuscated the process pretty well 2) Sales tax amount requires a bunch of clicks to override. Before I could just position the cursor in the sales tax box and put in the value. Now there's a button, then a new window then you are required to put in an override reason. WTH?Please stop messing around with perfectly good processes. Instead, fix the sales tax reporting function which is just terrible
I have a credit that shows up for a vendor that shouldn't be there. How do I find where it came from and how do I eliminate it. Apparently, I made a mistake somewhere in the past, but I can't find it. If I had a way to search the transactions for that vendor, maybe I could find it. It's too difficult to go through the bills and payments to locate it when I don't know when it occurred.
