Reports and accounting
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How do I record loan forgiveness? The SBA forgave my payroll protection loan, without tax liability. I previously recorded the balance as a long-term liability. How do I account for this forgiveness? Thank you
I have an EU customer who wants their invoice to use our VAT address, which is different from our default invoice address. I have created a new invoice template with the VAT address. Can I configure the vendor to always use this invoice template?
Hello, So please forgive me if I am bad at explaining this/what I need. I tried calling Quickbooks Online and the solution they had basically put me back to where I started, so they were no help. Daily, I run the A/R Aging Detail for our company. I use this report to record outstanding amounts from customers (I put these on an external report I created.) I have one overpayment from a customer from March of 2022 and 2 overpayments from customers for sales tax (Also recorded in 2022 - we overcharged the sales tax and credited them the difference of what they paid versus what we should have originally charged.) I am trying to clean up these balances from a prior employee. I need to add the credit for these amounts to the customers accounts while also taking them off the A/R aging detail sheet. Some of these customers don't have their future invoices produced yet, so I don't/can't apply these credits to their future invoices and having the credit memo just sitting in their
Every time I send statements (monthly) there is information that auto populates into the body of the statement email and I have not been able to locate where it can be edited for all future statements.
Hi I'd like to find the quotes for services rendered for work done in a particular month, but there has not been an invoiced yet Is there a report that shows the quotes and service date that I can filter on?
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Hello, All. I have a client who is on the cash basis but we invoice customers in QB. Currently, the entries for invoicing are a debit to AR and a credit to Job Income. When payments are rec'd, credit to AR and debit to cash. My question is....since this is cash basis, is the credit to job income wrong when invoicing? Since job income is only suppose to be credited when cash is rec'd, how should the invoicing, payments be set up? Any help is most appreciated.
I am entering older bills that are already paid for with vendors that supply our inventory. Which category do I add them to? Using Quickbooks Online and we do track inventory.
Haven't logged into my account since the change. First question doesn't list QuickBooks Online as an option for "how have you been managing your finances?"
I was about to do it, but every site I went to online had horrible reviews!
I also have no way of knowing if they have received the PO.. but if I have not received an acknowledgment from them in a few days.. then I follow up with an email asking if they received the PO. This is very frustrating.
In my client's Bank Reconciliation, The opening balance is showing as $ 434.46. However The Actual balance is 1950 as of 01/01/2021. The COA shows the correct balance. We unreconciled all the transactions from 2021- 2023, however the difference still exist. There is no discrepancy report as well. We tried suggested methods from QB but it didn't seem to change anything. Please advise the steps which we can follow to correct it.
We have QuickBooks Online Advanced subscription. Batch invoicing works as expected from the web interface, but not from importing via CSV. Mainly, the invoice number is a problem. We have the Sales/Customize transaction numbers setting set to On. When you use the web interface, it auto-fills the next sequential invoice number properly. However, it does not with the CSV import. The CSV import requires the Invoice No. field in its mapping. It you omit that field/column and try to upload a CSV, Step 2 fails with this error message: "You must map all the mandatory QuickBooks fields." If you then add the Invoice No. column, but leave the rows blanks, it completes step 2, but then does not upload any data and gives this error message: "Invoice No. missing in one of the rows." We tried the same test turning the Sales/Customize transaction numbers setting to Off, but the result is the same. How can we bulk import invoices via CSV without entering Invoice Numbers in each row? We want QBO to aut
In my client's bank reconciliation, the opening balance is showing as $434.46 as of January 1, 2021. Whereas the actual balance should be 1950 on the same date. The COA shows the correct balance. We unreconciled all the transactions from 2021–2023. However, we cannot fix the opening balance for 2021. Please advise on the steps for correcting it. We tried to follow the below steps as advised for a different user in QB. But we still couldn't resolve it.When you're ready, follow these steps to perform a mini-reconciliation. Here's how: In your company file, head to the Banking menu and select Reconcile.Choose the account you're working on. In the Date of Statement field, key in the date for an "off-cycle reconciliation. QuickBooks will remind you that you're doing a mini reconciliation and put previously unreconciled transactions back without affecting the "cycle" that they follow.In the Ending Balance field, type the balance of your last succe
I have recorded my closing entries on the first day of the next year. So that I can continue to pull Trial Balance at the end of the year without losing my P&L balances. Closing them out would bring balances to zero. Is there another way in QB to record close-out entries? I read that QB automatically does those entries, I have not seen this....
When we created a CM and listed the products, it had the unwanted effect of bringing the goods back into inventory, and creating negative sales. The goods need to be charged to scrap, and not returned to inventory.
My boss wants Client's 4 rentals separated by Income Statement AND BALANCE SHEET!How does one create Classes for Balance Sheet?
When I try to "Find a match" the list of possible transactions doesn't bring up ANY sales receipts to pick from although I've entered one for every day. Invoices, JE and Payments are in the list.
The Safari update has solved all my printing problems except this one.
Does the Simple Start version have budget vs actual reporting capabilities or must you purchase the Essentials version?
