Reports and accounting
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I have less than 10 1099s so I am printing my 1099s from QBO; however, QBO no longer has the option to print the 1096 form in 2024 What happened?
Can I create multiple jobs under same client? This can do in QB desktop.
I am categorizing some expenses as Short Term Inventory Assets when I create a bill. Later, when we invoice a customer, I will use a journal entry to debit COGS and credit Inventory Asset. (The reason for this is to capture expense and sales in a similar timeframe and avoid big swings of expense and/or profit on our P&L.) My question: I just tried to run an Inventory Valuation Summary Report to see a list of our existing short term inventory asset items, and the report show 'no data' even when I mark 'all dates.' Does this report not include short-term inventory assets and maybe only longer term / capitol investments? Is the only way to see my short term inventory asset detail to go to our Chart of Accounts and click on Short Term Inventory Asset ==> run report? I am new to bookkeeping and wonder if there is a flaw in this procedure we are just now implementing for 2023 to use short-term inventory assets or if I just don't understand what an Inventory Valuation Summary
I invoice a customer for services. I also purchase a product from that customer that is not related to services that customer is billed for. They send me an invoice for that product. When the customer pays my invoice they deduct the amount for the product I purchased(the amount of this invoice I received from them). Example: Customer B invoice #10 $500 Vendor B Bill #A2 $300when I receive check from Customer B it will be for $200 paying invoice #10 with bill #A2 already deductedHow do I mark this invoice paid and mark the bill paid?
I am relatively new to QB online, but have used it for a few months and have done all my entries through the months. I'm going in again to add January entries and I cannot find the entire listing. I have gone to Chart of Accounts, then to the line showing for that bank account, and when I click on it only a few entries, not nearly all o them, come up. The b alnce showing is correct vut the entries are very liited.
I used to be able to do that before QB added the new sales tax tab. I'd rather turn back to the old version so I can batch invoice again.
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I have 2 deposit transactions that I transferred from my personal bank account into my business checking account to simply avoid overdrawing my business account at the time. What's the easiest way to either... 1. Take both deposits off my books so they don't affect my business accounting books (i.e., avoid being counted as income or taxed, etc., - one thought was to treat them as loans and then have them paid back???) 2. Keep them on my business books and categorize them so they don't affect things. They are both small amounts and if it's too complicated, I don't need to pay myself back. If this is a simple fix, then I guess I could. Yesterday, I ended up categorizing both of them in QuickBooks under "Expense" > "Shareholders Distribution - Other" and then I reconciled last month (January). Since I reconciled them already will undoing them throw off January or can I simply change the category they should be under instead of "Expense" > "Shareholde
I am checking over our P&L report for 2024 to tidy up before tax filings and I have a problem: There are a few erroneous transactions that are showing up in deleted, erroneous accounts. It looks like someone made a goof as part of entering in transactions, accidentally creating duplicate accounts of ones that already existed--I don't know. But see screenshot--the problem is that these transactions are duplicates and have to be zeroed out or deleted, but they're in accounts that were deleted. I don't even know why they're showing up if they're in deleted accounts (I ran the P&L to exclude inactive accounts). How should I get rid of them?
my P/L report shows me always the average cost. this one is sometimes, or many times, below the actual cost. how can I change it to user defined cost?
If I void an invoice, what will happen to the time entries that were included in that invoice? Will they revert to "unbilled time"? I rendered an invoice (didn't send it). Some days later, I recorded additional time to the project. Rather than creat a new invoice for the additional time, I'd like to have a single invoice that includes all of the time. If I void the invoice, will the time included in that invoice show up when I create a new one? Thanks.
Hello, Something odd is happening. I have recorded sales for an event and posted the deposit. Now I've had to issue a handful of refunds. When I go to write the refund check and when I assign it to the item I created for the event, the refund is applied against a COG account rather than the revenue account associated with the event. I've checked and rechecked the item and it is assigned to a revenue account. Previously, when I have done this you see the refund as debit to revenue, NOT a debit to COGS. I can't figure out what's going on.Thanks in advance!
When you set up a customer as a parent account why are not any changes to the parent account information on the sub accounts?
When looking back at cash flow for my small business, few month show zero cash flow. This btw is impossible as I was running in full operation. Its like few months data is missing from the total year. How do I fix that? The bank said its not them
Hi, I just want to ask help. Everyday we check our expenses to make sure we balance our cash on hand. Part of cash balancing, is to make sure also the following details to be correctly recorded in quickbooks. I was able to customised TRANSACTION DETAIL BY PAYMENT ACCOUNT. However, we noticed that the project has no data at all. And we realised that only the invoices, purchase order that the project will appear on other report. So, the customer service told me that the expenses will not show the project in the transaction detail report. But then, how can we check that our recorded data into quickbooks were correct? I still have to create another report? One report with complete information is already enough though. Thank you!
I am not the only one it seems. When I import data to banking everything is fine until the last stage when all of the dates are changed to 12/31,1969 for every transaction. I need help.
Help! I need an Accounts Payable Retainage Report by Job. Does this exist in QuickBooks Desktop? Or does anyone have a custom report they can share? Thank you in advance!
With the new invoice in QB online, my invoice transaction reports no longer show the Vendor information. I've contacted support but haven't found a solution. My process is to add all expenses and bills as billable to a Project and then I add them to an Invoice. The Invoice itself doesn't show the Vendor for the expense (which is fine) but if I run a Transaction Journal report or an Invoice Transaction report, the Vendor field is completely blank. This is working fine for my older invoices, but with the two I created in the last week, the Vendor information seems to have disappeared. Has anyone experienced the same issue or found a resolution?
I have a small engineering firm, and each project we work on has a Not to Exceed value that I need to check on as I process invoices. Each project is entered as a separate customer/job in Quickbooks. I need a report that says how much I have billed against a job before sending in an invoice. The closest I have found is a report, "Company & Financial / Income by Customer Summary." However, it has a notable drawback. It always shows every customer/job I have had over the time period I select, both active and inactive. I have lots of inactive customers/jobs. The report will not remove inactive jobs, and hence is 3 times as long as it needs to be and is difficult to work with. I have many customers/jobs and manually using the filter screens to select the customers/jobs that are active will be quite tedious and error prone. Is there any alternate approach to get a report that only shows all active jobs over the time frame I select?(Using QB 2014, Premier Professional
How the heck do I run a "Sales by rep" report in QB online? Can't believe how difficult this is to find....
Why are inventory items entered on a bill that have been assigned a customer:job still changing my inventory? Shouldn’t the fact that it has a customer assigned to it make it go into inventory and then right back out because it already knows where it will be going?
In QB Desktop I was able to set up a preference to "mark all expenses as billable". However, in QB Online I can't seem to find that preference. Most of our expenses are billable and I'd like that to be the default.
When setting up their QB Online Account, my client set the company type as "Other" so the Chart of accounts reflected that. Upon discovering this I changed the company type to the correct form (1065 Partnership).The chart of accounts still reflects the "Other" type, is there a way to refresh/update it to reflect the corrected company type?I've started trying to edit them all by hand, but QB doesn't allow me to create an accumulated depreciation account.. I get the error message "Fixed assets accounts (accumulated amortization, depletion, or depreciation) cannot be parent accounts."
