Reports and accounting
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We are a cash basis S-corp. We recently opened a brokerage account with some reserve capital and invested in money market mutual funds.1. What accounts and account types do we need to set up? Pros/cons of structuring hierarchically by brokerage house, type of investments, etc? 2. Given our cash basis reporting, when and how do we report normal related transactions after the initial investment? For example: interest and dividents paid our as cash, interest and dividends reinvested, etc? 3. Given the goal of our current investments to retain a stable $1.00 share price, I do not anticipate gains or losses on that front for now, but if anyone could advise how that would be handled in cash basis in case we branch into trading other investments, that would be great as well.4. Do we reconcile each these accounts (especially unrealized gains/losses) with each statement or wait until we sell the investments when any reinvested gains would be realized?5. Anything else we need to consid
Hi, Is there a way to generate a report wherein I can see what expenses or what the credit account are per transaction per vendor?For ExampleVendor A Jan 1, 2023 $2,000 Checking Account Rent
we are an auction business. when I enter a journal entry to cover an invoice for funds we owed out, but won't pay out, instead of making it like a credit, when i apply it to the invoice, it makes it like a payment and shows in my undeposited funds. it shouldn't show in my bank or my undeposited funds. how do i fix this? it worked correctly in Quickbooks desktop
Hi All, I recently exchanged a piece of equipment for a piece of property. There was no money involved at all, just a straight up exchange. How do I remove the equipment off the asset account and add the land? Since there was no money, I really am not sure if I just make a journal entry from the equipment to the land and say the land cost the same amount as we originally paid for the equipment or not? Or, do I do the whole entry for cost, accumulated depreciation, gain/loss on sale of asset and then journal entry separately for the land? But then, what is considered the cost of the land? I would really appreciate some help! Thank you!Rachel
Payment in review
Hello--When I do an income report it will show multiple income transactions (that totals the accurate figure) for a single invoiced item even if there was only one payment. This happens inconsistently even on recurring invoices--on the report one month will show one transaction and the next month shows multiple---even though its just one transaction. see below screen shot Thank you for your help
I would prefer the default to be "any".
The desktop version asks for an account, then locks up with twirling dots, without box to enter our account info.
If the credit card went through the first time, why was it rejected?
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I am attempting to create a Management Report and all reports are correct with the exception of the Budget vs Actual report. When I view the Budget vs Actual report in the report area everything is correct but when I add the report to the Management Report the 'Actuals' columns is showing the actuals for the entire company history no the specified period. I have attempted to adjust the period in every way possible but it keeps showing the wrong amount in the Actual line while the Budget column is correct. Anyone else experience this?
Every estimate I have done and every invoice I have ever done going back 12 years are not linked together. They ae all zeroed out. I have current jobs where I have used progressive invoicing that are not linked to the estimates. I can not bill clients to get paid because I do not know how mu of each item has been paid. I have contracts that I have to provide current billing with previous invoices. I have lost all that. I have been with tech support for 5 days, They deleted my COID and opened and new COID and remerged my desk top with online. Still same issue. They have simply ruined my business with this migration upgrade. I don't seem to be the only one dealing with this issue.
While waiting to be approved to file online, taxes came due. QBO paid the Federal since we had been approved but state unemployment was not paid. I didn't receive an alert and they became past due. When I noticed it had not been paid, I went on the website and found that we also owed a late fee. I paid the taxes and the late fee but now QBO thinks I overpaid. How can I resolve this?
Whenever I export balance sheet in excel from QBO, the excel sheet have all the account heads but for each the balance is zero.The error is not occuring for exporting in pdf or printing directly but is only happening when I export in excel. How do I fix this?
How do we get Intuit to realize how bad Modern view is? It is awful and clearly was created by people who are not in tune with accountants and finance people. This seems to be some marketing/cosmetic thing and its really really bad. Is there a petition somewhere?
Hi -- I've got inactive contractors in my system and need to pay one this cycle. How/where do I reactivate them?
Hi, I have a wholesale clothing business . im trying to enter my items . how can i enter the differnt sizes under one item?
I've matched all the direct deposits I received to the invoices that needed to be paid by putting the direct deposit into A/R. The invoices show paid but the money is not showing in my QB bank balance. This is making it difficult to match the actual bank balance to my QB balance. How do I get the money to show? I tried changing it on the invoice to deposit to "business" but then it also added the amount to my customer accounts which messed up their current balance due.
We are trying to get the trial balance for the period Jan 2022 till Dec 2022. However, the trial balance reflects only December balances and not the entire period. Would appreciate if there is any way to fix it.
If I categorize this negative amount as a Sales, I assume it will be deducted from my total sales right?
