Reports and accounting
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A vendor was accidently paid twice for the same invoice. Once by Bill.com and once by physical check. Both were cashed leaving 2 payments for 1 invoice. I was able to match the check to the check I printed, but the bill.com payment is sitting in the banking transactions unmatchable. I can't seem to match it to the vendor credit --> How do I get it out of banking transactions then and reconcile it?
I created a Journal entry that is listed in my Journal Report however, it is not showing up in my P&L Report. I created 3 other Journal entries at the same time and they are listed in the P&L Report. I am using QBO. Any advice?
For a cash-basis company, what is the journal entry created in QuickBooks when customer invoices are entered? Since income is not created (the cash hasn't yet been received), and no accounts receivable, what accounts are debited/credited upon issuance of an invoice? I have the same question for expenses. Once vendor invoices are entered, what is the journal entry created in QuickBooks since cash has not yet been released and there are no accounts payable on the balance sheet?
I have read many previous posts where a credit needed to be applied to clear a Net zero balance. That is not the case in my situation. The invoices show that they were paid back in 2017. In looking back at the original payment, the amounts showing as open (on AR Aging only) were cleared with discounts. any insight into this?
I have a new client that wants the beginning balances put into the funds and then wants those numbers to show on the P&L so each class knows how much is available
We used to see a history at the bottom of invoice when invoice was sent to customer now all we see is at top line above billing address is las time invoice was sent.
I am attempting to "Make inactive" a checking account that has been closed, but keep receiving the message: "You can't delete this account as it is used as default for one of the sales lines." The instructions to "change the account they're linked to" ("they" = Products and services?) and "make products and services that use the account inactive" seem to assume you know which product and/or service is using this checking account "as default." Do I have to click into all 202 to find the one? And what if that's not even the right place to look for whatever is preventing deactivating the checking account? Where else should I be looking?Thanks for any insight you might have!
There was a business expense put on a personal credit card by mistake. The business owner (sole employee) wanted to be sure that the expense was tracked on the P&L, so we manually added an expense (while all others are automatically entered through the bank feed). This worked to account for the expense on our P&L, but now our balance sheet is showing a balance (liability) on this throwaway "Personal CC" account. The charge to the personal CC was not paid off by the business CC, it was paid off by the owner with his personal checking account, which is not tracked in Quickbooks. How do we clear this off the Balance Sheet?
Can someone please explain to me why I'm showing a credit for a customer job on the left side of the customer summary, even though I cut a check for the same amount - $4100? I've attached a view of the customer's transactions.
We switched to online from desktop back in May and the estimates vs actuals wouldn't pull union due costs along with the labor wages so I set up hourly costs for everyone which isn't awesome but it's fine. The only issue is now when I run estimates vs actuals for a project, it shows all the hourly costs in the right places but then also shows labor wages in the "not specified" row. So basically it is showing the cost twice and I have to deduct the "not specifed" from the total. The labor costing method is set to hourly costs so I am not sure what else to do. Is there a setting I am missing?
Want prior invoice template to print and mail. the new one is not working for my company.
I have 3 transactions that I paid to a contractor via Direct Deposit. They looked and all 3 received their money. While reconciling though it doesn't show as every clearing my bank. Has anyone else had this issue?
I added a new customer, entered a new invoice, the customer paid and now the search feature can't find the customer. Why?
But I cannot create new one because of the name is already taken. And if i create a new one, there will be two vendors with the same information there.
First thing that's missing is the description in the preview when entering each item. I have multiple types, sizes, colors etc of a great number of items. Second, I have entered that I do not collect sales tax for this customer, county or state & still I'm taken back to the top of the invoice after each entry, some invoices have over 70 items, for QuickBooks "alert" that I need more info on sales tax! Infuriating!
