Reports and accounting
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I would like to see how my expenses are as a percent of my net expenses or against overall net income.
We prepaid January's rent in December for tax purposes. After implementing 842, we want to properly account for this prepayment. The prepayment hit our checking account in December. I know we have to use the ROU asset instead of the Prepaid account for any journal entries. I wanted some guidance from anyone who has journaled prepayment of rent in this way. Thanks!
Hi Everyone, Single member LLC using QB Mac 2019. It's closing in on the end of the year and I need clarity on this topic. I have an "owner's contribution equity account" which I invested $20K from my personal savings account (already paid taxes on the money). I also have an owner's draw equity account set up. The business has made enough to where I can pay my savings account back this year. Do I just record this as a simple draw for the full amount? Thanks!
We are using QuickBooks 2019 Desktop for Mac, Version 18.0.9 R10, with 2-user licenses. I am now working for a small company who began using QuickBooks in 2005, but only for invoicing - they would create invoices & receive payments, but no other accounting was done in QuickBooks. The company began using QuickBooks for all accounting functions in 2015, but there are still 10 years of undeposited funds left over from the time when QuickBooks was only used for invoicing. We are left with 1.4 million in undeposited funds that has just been hanging around & messing up the Balance sheet, account summaries, etc. Is there a way to quickly & easily "deposit" these funds to clear the undeposited funds account of these old payments without adversely affecting the other accounts? Some type of journal entry perhaps? Any help would be greatly appreciated.
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How do I add a budget line item?
How can I allocate a record to have both Labor (reportable) and travel reimbursements (non reportable) on it? Can a GL account be setup as 1099 reportable?
I have a bundle defined on Quickbooks Online. I sold a product on eBay with a SKU matching this bundle and Quickbooks will not allow me to match to this bundle.
Underneath the red message it says "Something went wrong. Please wait a moment and try again. If the problem continues, contact us."
schedule an invoice to send later
We are leasing a building and are renovating the building to fit our business needs. What GL account would this be coded to? Expense, Cost of Goods, Fixed Assets, etc?
I have expenses that occur over time for inventory items that I start selling prior to when all the costs have been charged to my company. I know what the total of these future charges (costs) will be. How do I set up a system in QuickBooks to charge the inventory item these costs before I am billed, and then how do I relieve this charge when I actually get the invoice for the expense? Is this an accrual process? An example (but not my situation) might be that you will be charged a storage fee for a present, fixed period of time, say it is billed monthly, and want the inventory that is sold to reflect this expense from the start.Thank you!
We receive payments on behalf of our client. If the person sending us the check does not include any money for us, we deposit the check and write a new check to send to our clients.
I have negative balances for some of my customers. However, when I view a Statement, it's blank. If I view a QuickReport on the transactions, it doesn't match up to the negative balance. If I view an Open Balance report, it's -0-. Client cost reports are -0-.Where would these negative balances be coming from and how do I get rid of them? These customers were never invoiced.Thank you.
Is there a way to do it all at once for the whole program? When I try to do it in banking transactions it simply does not work.
I received a payment and didn't categorize correctly.
Dear ALL, I need to split a STATEMENT, I have one customer, actually we have a service contract with them so we normally send invoice for service and repairs. For the same customer, we have a project (ALSO IT WAS CREATED IN QB) just starting ending DEC_2023. When I asked for a STATEMENT I get the full amount but I need it separate, my question is:1) Do I have to create a new customer (IS THE SAME COMPANY) in order to get a separate STATEMENT?2) Di I have to create sub-customer? Thanks a lot for your advise !!!
