Reports and accounting
Recently active
We are a homeowners association.
Original commenter did not share additional details
Hi, The company invested in warehouse construction to provide product storage and order shipping services to its customers. In which category should we put the amount spent on the construction of the warehouse?Should this category be place on the Profit & Loss report or on the Balance Sheet? Best.
The profit and loss statement records sales as NET values, and discounts, adjustments, and Shopify fees are deducted from this value.Gross values should be recorded to deduct discounts, adjustments, and Shopify fees correctly.
The company operates in the real estate sector. The company pays some title companies for the deed prep, deed registration, transfer taxes, treasurer tax certification, etc.In which category should we put these expenses?- As payment to the title company all expenses under the professional fees.or-Should each of them be categorized separately under deeds or legal & professional fees? Like; +Deeds -deed prep -deed registration -transfer taxes The examples are attached.
How do you lock new classes from being added? Users are accidentally creating new classes while adding invoices and we want to prevent this from happening going forward.
Is there a link or form they can fill out?
We recently started taking consignment items in our shop. Would I code payment to the vendor as Cost of Goods sold since this is a payment to the vendor for their items we sold but never technically owned or purchased?
Hi, Currently all my products are automatically synced from Opencart to Quickbooks via the integration provided by Quickbooks. I have 2 questions: 1) Do i have to edit each products cost manually so that the profit reports will be accurate?2) The product sale price that's currently being imported is wrong as its taking the price from our "Discount" tab instead of Price from "Data" tab. Is this an issue i need to address or i can ignore? Will the final profit still be calculated from how much the products was sold from the sale receipt (which is also auto created on Quickbooks when a order is placed on my website).
When working with multi-currency, everything is ultimately converted back to your home currency for reporting. The conversion rate is automatically populated based on the date of the entry. Makes sense. However often I'm entering foreign currency bills that are due in a future date, scheduling a payment through my foreign currency bank, and entering that bill as "paid" on the future date in QBO. Pretty standard stuff. The problem is that since the date is in the future, QBO can't pull the exchange rate. So it just gives you an error. The best solution I've come up with is to modify the date to today/yesterday, copy the exchange rate that's now automatically populated, change the date back to what it should be, and paste the exchange rate in. This isn't going to be 100% accurate but it's close enough, and I have to enter something or I can't proceed. See below; (1) the error, (2) the empty exchange rate. Unless there's a solution I'm missing, I'd like to see QB
Using Quickbooks Online Plus: I am creating a Journal Entry, and need to attribute an expense to a project. This expense is a payment to a contractor. I need to keep track of this expense per the individual so I can 1099 them, at the same time of costing it toward the project. If I use the Name for the project, I cannot code the expense to the payee. Also, I cannot use Class, as i am already using that to differentiate "1099 Labor" or "Materials Only" How can I turn on a "payee" field in Journal Entry? Or is there another way to do this? HELP!
Why in the world would Quickbooks create a new "Invoice Experience" that takes away important features. We rely heavily on estimate/invoice subtotals and price rules and now they are simply gone. I guess I'm not in love with the experience.
I have been using Quickbooks Decktop with an Intuit add on inventory program called All Orders. With QB Desktop being discontinued, I'm having trouble connecting All Orders to the new online Quickbooks. I do see All Orders has an online/cloud based system. Wondering if anyone else has been using the same systems and swapped over successfully. Any suggestions would be appreciated.
I have two expense account totals that are not reflected on my balance sheet. How do I fix this?
After the new update for invoices, templates, etc., we can no longer see the custom fields on our invoices. We do see them on web and when printing from web, everything seems normal. But, no luck on mobile. This persists across all ~13 QBO companies and >20 devices, so it's not a "us" issue. Seems to be an Intuit issue. Has anyone seen the same? Any work arounds? Intuit support has been useless.
amount goes to $0.00 when a product/service code is selected. Do I now have to re-enter the total amount?
Hi all -- I'm in need of some help with my QBO account and recording Square transactions correctly. My wife owns a retail clothing store. I have Square synced to QBO, along with the banking operating account. QBO correctly identifies/"matches" the multiple Square transactions that make up the banking deposits. However, I'm noticing that there is duplicate sales activity: My "matching" of the bank deposits to the Square transactions results in "Sales" on the P&L report. However, all of the individual sales transactions, which are 100's-1,000's, are showing on the P&L as "Square Income". Has anyone else run into this and what is the fix? Along with this, the sale
I have a saas business and want to have a customer sign-up to credit card charges and charge them automatically every month. How can I do that with quickbooks?
I have already added the Billable Expenses created by the Bill to invoices but I can't delete or mark the ones on the Purchase Order as non-billable. If I unlink the PO and the bill then it looks like I overpaid the bill and the billable expense that I added to Invoice will be affected.
