Reports and accounting
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I want to run a P&L by class for the different markets we service. I have the classes created and I know where to find the report. Subcontractors, direct material costs and revenue are easy to class out to this report so that has been completed. My issue is direct cost of labor from our team members that clock in by customer/project. When I create a project, the only place I can connect a class to a project is to import it into QuickBooks Time, go through the Customer section and add a class to it. Even after I have been able to create the project, import it to Time and add the class, it is not flowing through to the P&L by Class report. When I open a project, the cost of labor is tied to the project in that view, but I do not know what I am missing to be able to get that to go one step further and segment by class into the P&L report. I know I can assign employees to a class under payroll classing tracking in QBO BUT they complete work for different customers in different
In my own Quickbooks installation (Desktop 2019 Pro) , why do I have to create a new memorized report whenever changing a date range or something as simple rather than just "replace" the existing memorized report ? ... I use other Quickbooks versions/installations at my bookkeeping customers and have this issue no where else but for my own ... I must have set a "Preference" somewhere sometime but am darned if I can find it ... This issue has tracked me through several upgrades ... Thanks for any insight.
I used QB Online in conjunction with Acculynx (our CRM). Our typical process is to create an invoice in Acculynx and Acculynx records it in QB. The issue I am having is, any customer that pays via QB payment link, it's generating the sales receipt which is acting as an invoice (of sorts) when there is already an invoice (from Acculynx, see attached). It's throwing off our P/L and there are hundreds of customers we will need to go in and fix. I thought we could go in to each customer and delete the auto-generated sales receipt but it's giving me an error that says, "This transaction has been deposited. If you want to change or delete it, you must edit the deposit it appears on and remove it first." Do I just need to delete the invoice that was transmitted from Acculynx? I am also wondering how this works if I stop having invoices recorded from Acculynx, what happens when a customer makes one payment through QB payment link and another with a check? I will need to make an invoi
Hello all, I'm back with another conundrum. Recently I decided to open a new Quickbooks file, so I could customize an outdated and bloated Chart of Accounts and change some things that have dearly needed change as it's been the same way for at least 30 years. The Problem: How do I transfer, or enter in the balance for an Income or expense Account line? For example. When I look at my reports for last FY my ((Donations: - General)) Account line (Income) has a balance of $146,529.74. I need to run reports for my BOD next month, and need to make sure these total match. I know I'm missing something simple here, so any help is appreciated. I've attached the P&L for the account in question if that helps.
I just converted my QB Desktop, which included class tracking, to QB Online Essentials, not realizing that Essentials does not allow class tracking. I know that I can upgrade to Plus or Advanced to utilize the class tracking. Did the class data upload when I converted, even though it was converted to Essentials, so that it will be available if I upgrade or do I need to upgrade and convert again? Thanks for any help you can offer!
When running the Inventory Stock status by site, the report shows all items that need to be purchased along with items I have sufficient off on stock and it shows NEGATIVE quantities on PO, while there is no open PO to receive for these item. any assistance on how to fix this or why it happens?
I sell vintage items, so the content of my items change with every sale. No two items are alike. When I sell the item, I have I have 1) the item itself 2) the envelope, postage, processing fees. What is the best method to organize my accounts so that I can easily see the total costs of the entire sale versus the selling price (my profit margin). Thank you!
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I originally signed up for quickbooks on my iPhone, this forced me to use my personal Apple ID so the subscription fee is processed through Apple. My Apple ID is connected to my personal credit card. I need to change this so it charges my business bank account so I'm not mixing up business/personal transactions. any helpful info is so greatly appreciatedThank you!!!
I have read many posts trying to fully understand how to best close out accounts related to Member Equity contributions, Draws, and Net Income in QBDT for my Single Member LLC. I have the following in my COA:Net Member Equity>> Member Equity>> Member Contributions>> Member DrawThere is also an account named Retained Earnings Currently, the Member Equity balance is zero, the Member Contributions balance is basically the sum of all contributions I made over the multiple years I have operated the business, and the Member Draw balance is the sum of all the draws I have taken over the years. The Retained Earnings balance from 2022 looks to equal the sum of the Net Income from 2021 and the Retained earnings from 2021.The balances as of 12/31/2022 are:Member Equity 0.00Member Contributions 37,794Member Draw -188,601 Based on some posts I have read here, I think I am supposed to close out on the 1st of the year per the following:1. Clear equity drawing to equit
May be looking for a substitute to help my business
I want to combine 10 invoices into 1 invoice so I can just update the late/finance charge on a single invoice instead of 10 separate. Ideally, I can merge them with the line items and dates of service in one swoop. If not I'll have to copy and paste and then delete the old invoices, I think.
Hi – My accountant has requested that I make a year-end AJE that isn't balanced. How can I make this change in Quickbooks Online? I don't have access to QuickBooks Accountant.
Our business upgraded our QuckBooks desktop version to Enterprise Diamond in 2023. At year end I created the accountants copy and uploaded the file to our accountant before determining if our accountant's QuickBooks version was compatible with Enterprise Diamond. Our accountant advised that his version was not compatible with Enterprise Diamond. Can I back-up the accountants pending file with the current 2024 transactions and reinstall that file as our working file? Thanks for your responses.
Right now the transaction description that appears on my clients' bank statements lists my full name, personal phone number, and last 4 digits of my card number...this is entirely inappropriate for my business as it is a separate identity and contact number from myself. I have had clients contact my personal phone number regarding questions about charges, etc. In my quickbooks go payment app in settings there is only my business name, number, etc...so I'm confused as to how that information even got on the bank statements in the first place. Please help!
For example: I see the same charge for Quickbooks on the same date, the same charge for Home Depot twice on the same date and so on
Can I move accounts within the chart of accounts
