Reports and accounting
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I've just switched over to Quickbooks online and cannot find a way to remove the Pay Invoice button that suddenly started appearing on my invoice PDFs. (I can open it in Acrobat and edit there, but would like to not have that extra design step.) it's completely inappropriate for my billing large corporate clients, I submit via their systems, not the reverse.
I am a managing partner in an LLC which has tax status of S-Corp. I need help in distributing profits (after payroll is paid) to two shareholders of this S-Corp. I have read may posts on this forum about this issue and have filled my head with conflicting information about 'Shareholder Distribution Accounts' in QuickBooks Pro.So my situation is that we are two shareholders (both contributed $15,000 each as initial capital) in an LLC which is taxed as S-Corp. Both of us draw salary and now LLC has $4000 of profit by the end of year which I need to distribute to shareholders. My question is what type of account is 'Shareholder Distribution Account' ? Because I read on this forum that 'Shareholder Distribution Account' of an S-Corp can not be used the same way as the equity accounts in C-Corp. So it means that 'Shareholder Distribution Account' cannot be an equity draw account.Someone suggested to use Shareholder Distribution account as the expense account to distribute the taxable
Please add Split as a column option in Reclassify Transactions. As a user, we classify and class some transactions based on the financial account they came in from. Not being able to see the split/account in Reclassify Transactions does not allow us to quickly correct misclassifications since the only option currently is to go to each transaction and reclassify individually if we need to see the financial account while correcting.
I run the P&L Report by Month on a monthly basis and I enter the Net Profit onto a spreadsheet. I am noticing that Net Profit numbers have changed for previous months that were already reconciled and closed out. Any idea what might cause this? Some of these totals are off by $30 and some $3k. I just can't make sense of it.
Is it possible to sort reports by any column?For example, I have generated 'Sales by Product/Service Summary' for This Year. The Sort function allows me to choose 'Total in Ascending Order' or 'Total in Descending Order,' but I see no option to sort by Quantity, Amount, or % of Sales. How do I do that?I have tried exporting the report as an Excel sheet, but when I attempt to sort columns in Excel, it doesn't work because there are invisible apostrophes at the beginning of each number field that prevent them from reading as actual numbers.The only thing that seems to work is copying/pasting from the report screen into Excel, but this is an awkward solution. Help!
I can no longer search by "transaction line", anyone have a work around? Is Quickbooks going to bring this feature back? We use it to track job costs.
I buy equipment for heating and air jobs that I quote customers for. Then in quickbooks I list it as cost of goods sold, and then the customer pays me for the equipment however this is making my taxable profit go up. I feel like I’m missing something in between to document that the customer is essentially cancelling out my original purchase of the equipment and that I’m not making anything off the resale of the equipment, just the labor. What am I missing?
So we have an item- it costs us .34 and we sell it for .70. My confusion is coming in on the "Income by customer summary detail". When I drill into a specific customers balance (I am running this report to base an employee commission off of their customer sales) it shows their balance to be negative and it stems from the .34 cent item. It is reflecting the item at $2258.00- where is this number coming from? I have checked our bill from the vendor and our invoice to customer. I have checked the average cost of the item.
Meaning, can I see when a customer opens the Invoice??
The payment amount needs to be revised so I need to either void and make a new check or update the current one. The question is how?
Hi! I’m trying to run a report where I can see all credit memos for each client and see which invoices those credit memos were applied to. Any help is greatly appreciated
I have added custom fields in Quickbooks Time. It said I have to add them in QBO and gives an error message when I export time. I can't find where to add them in QBO.
how do I reconcile my bank account?
As a result the shipping total on the PL by class report shows up in the Unassigned column.
Invoices that have been paid the money is not showing up
In the Vendor Contact List, several of our vendors have a Primary Contact listed. Some of these are outdated, others are blank. How/where is the primary contact entered? I've been through every tab or the Edit Vendor screen; there is no such field.
We have quickbooks time and expense turned on in order to record expenses for each job, which works well but we do not add these expenses to invoices since we don't invoice out of QB. Are these numbers showing in the "income tracker", "time and expense" area showing up in any reports and throwing off my actual numbers?
