Reports and accounting
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Hello I'm trying to figure out the best way to handle the accounting for taking out a construction loan to build and then selling the house in QB Desktop Premier Contractor 2020. Here's how we do it currently:For the purposes of this example, let's assume there are no overhead expenses or any other projects.We get a construction loan for $250,000, so I set up an "Other Current Liability" account called "House 1 Loan" with opening balance of $0. When we receive loan disbursements from the bank for each draw, they are deposited to our company bank account and the "From Account" is the "House 1 Loan" Liability account I made. So when we finish building the house and receive the final loan disbursement, then the "House 1 Loan" account balance is $250,000. As we get Bills from Vendors, they are entered the same as any other Bill. For example when we buy $10,000 of lumber, it is entered as a Bill from "Lumber Company" with an Expense Account of "Construction Materials". Then w
Hi, I was looking through some of the quick reports for my classes and noticed that the amount shown on the quick report isn't equal to the amount paid for the transaction/bills. I have an example below. As you can see, The bill on 02/08/2024 is $4,776.04 and when you double click on the bill for more details, you see that the actual paid amount is $5,192.35. What is causing this discrepancy and how can I fix it? Thanks in advance.
I have no idea, It was no problem with previous invoice template
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I would like the Product/Service column to be available when creating an invoice, but not be seen in print and or email.
How do I mark customer invoices as already printed in QBO?
P&L shows revenue accounts with a split account to A/R however is that right since I do cash accounting? Should it not be my checking account instead?Also, I am cleaning up my QBO accounting. I did not have invoices for deposits in the first half of the year. To try and clean it up I did the following: 1) added an invoice for a deposit. 2) Received payment within the invoice. 3) In the P&L Detail report it now showed the Invoice and the Deposit on separate lines. In the deposit line I changed the account to Accounts Receivable. This made the Deposit line go away but now I have 3 lines in Unapplied Cash Payment Income (Invoice, Payment and Deposit). I believe I messed up on my third step. Then I tried deleting the deposit and then the Unapplied lines went away and the P&L looked find but not sure if that is right.
Please see the snip. Why doesn't the prior year Net Income appear?
I am preparing monthly invoices and the first delayed charge entry is duplicating on the invoice.
I negotiated a $25,000 tenant improvement from my landlord. I have to pay for this and then will be reimbursed when the work is completed and I move in. How do I record these expenses and then the reimbursement?
i have auto invoice reminders set to three days after due date. i have it set to three percent charged to past due ballances. it printed on paper copy once and i cant figure out how to turn it on
I just started with a new client, who has been using QB desktop for over 20 years. Their COA is department based i.e. food &. beverage, travel, conferences, supplies, postage are posted individually to Marketing Department, etc. I'd like to expand the chart to be expense centric -i.e. record F&B to F&B expense, etc with a class for Marketing Dept, etc. It feels like a painful process, but one that will yield good results in the ability to actually analyze expenses. I'd love to hear suggestions on how best to go about this. The fiscal year just started 7/1. They are using QB desktop, and it also feels like a good opportunity to move to QBO - thoughts? thanks in advance,
I have several unpaid bills that I would like to delete. Is there a way to delete multiple bills?
Logging my expenses, income, and receipts for the past 3 years represents 50+ of hours of work. There was no warning that this would occur.
I have payment options turned on in my account settings but when I upload a batch of invoices (400+) the invoices do not have the payment options on. I have to go in one by one and edit each invoice. How can I turn payment options on for all invoices created from an upload?
Hello Guys, need your help on how to solve the discrepancy between GL balance of Accounts payable versus SL balance per vendor. There is a minimal difference around USD 300 which I cannot tie-up. Thanks!
1. Deposit detail report, 2. Deposit listing by bank account.These two reports don't match, the deposit detail match with the P&L and the deposit listing by bank account shows a much higher total.
Worked fine for years
Hi, I need to change Sales Receipts that have the Discount line item listed after the Taxable Subtotal. I want all Sales Tax to be calculated after the Discount is applied. I have hundreds of Sales Receipts that need this change. I've tried building reports several reports showing various amounts like Subtotal, Totals, Taxes, etc. that I could even use as a clue to sift through all the Sales Receipts - but no success. I know how to change the Sales Receipt once I find it. by use the Discount toggle switch. The question is how do I find the Receipts that did the Discount toggle changed? Thanks,Corina
I only want my customer to see the total amount for each line item.
As long as I've used Quickbooks Online, the bills for a vendor would be colored by status - especially orange for overdue. Recently that seems to be gone, and all my bills (and all transactions) are now just black. Were the colors removed intentionally, and how can I get them back?
