Reports and accounting
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This is important because if a vendor says they didn't receive the check and it's showing as having been paid (by the way where is that shown in the QB's UI?) how can I prove that the cash was indeed deposited/cleared?
I have products that I purchase but do not sell to customers and services that I sell to customers but do not purchase mingled together in the "Products and Services" list. When creating an invoice, both the services for customers AND the products not sold to customers appear in the Product/Service dropdown. Is there a way to ONLY HAVE THE SERVICES sold to customers appear? The mingled list is causing difficulties for my sales team.
Last October, I sold a company vehicle for $25,000. The original purchase price was $27,183. I took $20,446 in depreciation and I had a loan of $13,306.87 on the vehicle that was paid off after the sale. the final check that the business received after the sale and after the loan was paid off was 11,073.94. Is the journal entry attached correct? Any help is much appreciated!
We pay some of our vendors AFTER we get paid. Is there a way to track which invoices the customer paid go with which vendor bill, outside of keeping a spreadsheet, to be able to easily see what I can pay the vendor at the end of the month based on which invoices customers have paid? Does this make sense? I know there are many contractors that don't pay vendors until they get paid, so there must be a way. HELP me to get rid of this spreadsheet!
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I go to the manage billable expenses page as instructed, enter the date 12/31/2023 and click save. Every time I get this message saying this account has been deleted
Hi, can someone help me how do I find our bank balance for a certain date like 31/12/023? I need to know how much or what's our bank balance at that particular date.
For example it wants me to Review Invoices. I want to turn this off.
I've successfully added both PayPal and a business checking account to my QBSE account as a whole. When I hit "Activate Payments" from within invoice creation, I keep expecting some sort of drop-down letting me choose which account I'd like clients to pay through. Instead it thinks I want to add yet another bank. Am I missing something?
However, I'm not able to get it to restart and sync again.
Hello all, If I have already made changes in a client's accountant change file and then imported those changes back into the main file, am i able to update the same accountant change file with more things and import again or is it a one and done? Thank you!
Invoice 1255 for $1200.00Deposit for invoice 1255 $1200.00Total bottom line in my report $2400.00How do I get the transaction report to only show one or the other?
I have been going into my credit card purchases when buying goods and receiving them as an expense. However, I was unable to properly track inventory and inventory COGS. I recently went back over the last 15 months and changed from expense to items purchase with costs. The inventory still didn't balance as I bought 50 umbrellas for a customer, invoiced them and it still shows in my inventory valuation. I did research and it says that I need to create an item receipt. I did. Then it said to enter a bill for received items. I did. Then I received the items. Now I have a credit card charge with a negative, and a bill with a negative, and it says that the vendor has a balance. All 3 are the same numbers and the quantity of my umbrellas are now 100. How do I fix this mess that I have created? I want to clean up my inventory valuations to properly calculate COGS and need to do this for many more items, but this is the first I tried and I think I made a pretty good mess of this already. HELP!
I'm here to see if anyone else is having this problem. We started receiving duplicate payments in our system, with the extra payment going to "Quickbooks Customer." This started on 7/5/2023, and was caught at the end of July when my accountant was reconciling the bank account. Some of the payments made it into the deposit and numbers were off. Additionally, payments were missing because, on the same date, Quickbooks created a new account, "*Undeposited Funds" (with an asterisk at the beginning to avoid a duplicate name). Nothing in our process was changed on that day, but Quickbooks explains in another Intuit created post that it can create this account on its own and it is not able to be merged. I'm apparently not allowed to link to that here. The Quickbooks Customer payments are from CC payments only, exclusively ones used in store. The transactions going into the new *Undeposited Funds account include checks, wire, and credit cards run on site, but NOT the e-invoices or an
We are a privately held corporation and have acquired a couple of licenses that allow us exclusive right s to market and/or manufacture certain technologies. As a result we had a 3rd party evaluation done to determine corporate value of share price. My CEO wants to insert that license value onto the balance sheet, but i cannot see where there are any GAAP entries to do this. Is this valuation a footnote to the financials or is there a GL entry I can make to accomplish this that won't create a taxable situation?
Hello, I have started a new Quickbooks file this year and for some reason reconciliations for one of my credit cards is not being saved. After I reconcile and close QB and re-open and none of the transactions are reconciled and I have to start over. I have tried this multiple times. My checkbook reconciles fine. Before I delete this credit card account and start over I was wondering if anyone has heard of something like this before. Rebuild and Verify come back with no errors. I am running QB 2020 for Mac. All my software is up to date. Thanks.
