Reports and accounting
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I'm adding a new employee that preferred me to set her up for payroll. When I attempt to add her social, it deletes and give me an error message that it doesn't look right, please try again. I've checked and double checked that it's correct. I need to run payroll for her today, what could be the issue?
I use my home wifi for both personal and business use. How do I go about entering this in my books? A couple of things I’m looking for l clarity on:1. Can I categorize the entire transaction of a monthly bill as a business expense (as opposed to having to “split” the transaction in my books)? Then, come tax time, I’d write it off with my home office deduction, which would effectively calculate the business-use percentage.2. Or, do my books need to reflect the business usage vs. personal usage from the get-go?3. Also, what’s the difference between reporting internet bill on schedule C or with home office deduction?
Don't want a credit from a vendor to be applied to a particular bill payment.
Hello,Our non-profit incurred some legal fees and a donor wrote us a check to cover the fees. I am expensing the legal fees out of a Legal Fee expense account. How do I record the donation without it being counted as revenue or income? Of course, the donor wants tax credit for the donation. Thank you.Lesa
I have received deposit invoice payments. However the work was not done. These payments are now sitting as unapplied payments. I need to send the a credit memo. When I create a cm, it double the amount of credit. How do I turn the unapplied payments into a credit memo?
We purchased a vehicle and paid part of it with our business credit card, which we then paid off out of our business checking account, and paid for the rest of the car with a loan from personal funds. How do I record this? Also, do I need to separate the amount for the actual vehicle and the amount that the dealer charged for tax, licensing, & fees? If so, how do I do that? Thanks in advance!
We purchased a used car for our business. We paid $3000 with our business credit card, which we paid fully from our business bank account when the bill was due. The remainder of the vehicle price, taxes, and fees were paid using personal funds, using a personal check. I think that I will depreciate this vehicle, but am unsure how to record the transactions. Also, do I need to separate the vehicle price from the taxes & fees when recording the loan? Thanks in advance!
can I assign more than one class or sales rep to a transaction? more than one person is involved in generating the income and I need to give then all credit. what is the best way to do this?
We sold a car that has been fully depreciated in 1st year of the vehicle purchased.We sold the vehicle for $50,000 the dealer will pay the loan payable and cut a check for the difference of $18,636.75.How do you properly create journal entries for this situation? Sell $50,000Payment received $18,636.75Loan Payable $31,412.13Fixed Asset(vehicle) =$60,261.51Fully Depreciated in one year $60,261.51
I need to pull vendors used by a specific customer (event). How do I do this?
Looking to see if anyone else has had this problem or knows a work around. I have contacted support several times with no luck. I have used QBO Payroll for years now with QB Desktop and have always been able to export the paychecks in an IIF file into QB Desktop. Recently, I subscribed to QBO and tried to migrate from desktop but never could get it to work so I ended the subscription to QBO. Ever since then my QBO Payroll account does not have the Export to IIF feature. It will allow export to PDF or Excel. Also some things from QBO are left over like accounting reports that were not on QBO Payroll before I tried the QBO subscription. I just want my QBO Payroll to go back to the way it was with only Payroll features and my Export button!
Hi all, I posed this question last week, but I neglected to include that our company does not participate in online banking, and we have just upgraded our product to QB Pro Plus 2024. We had invoiced a client $1000.00 for services rendered, but with the ACH payment terms, we received only $985.00. The $15 difference is not a bank service fee from our bank, so I am inquiring how to accurately record this payment. We do not use online banking, so unfortunately the Banking menu is not linked to deposits, and I can only use the Customer Payments tab by selecting the Receive Payments icon. Is it possible to record 2 separate transactions on the Customer Payments tab, one for $1000 and one for - $15 ? What do you call this type of fee since is not a bank fee generated from our bank? Please let me know if there is a standard methodology for recording this type of transaction. Thank you in advance for you
I want to set up budgets for my restaurants. We do not operate on calendar months, but rather 13-4 week accounting periods per year. Is there a way to set up budgets on these custom accounting periods? Currently working on QB Desktop
The tax code in the drop down of the successfully created invoice is correct based on the customer, but it does not calculate the sales tax unless you manually select another tax code, then re-select the original selection.
Hello, Interested in using the Revenue Recognition Feature, but not able to track down resources around these specifics. If a Service start date is used, along with Daily Revenue Recognition for a year long service, will revenue be recognized as of the start date through the remainder of the month, or will the full month (number of days) be recognized?
Hi. I have gone around and around with QB on this and I still can't get this resolved... I have some transactions that are posting double entries. They are posting the expense with the vendor bill (wrong for a cash book) and then again when the payment is made (correct for a cash book). Therefore our expense is double stated. It is not all bills just some and I can't figure out why. I have voided and reentered the bill and the payment and it did not work. Any ideas?
Hi, I'm trying to use the Job Profitability Detail report to track Actual Cost vs Actual Revenue specifically for labor (and once I figure out how to do this for labor, I think I'll be able I have Service items called *Labor and *Materials for Invoicing. These are showing up under the Actual Revenue column which is what I want. The payroll items are also Service items called Wage (tied to gross wages in the COA). There are various payroll items based on task. They all tie back to Gross Wages. These are showing on the Job Profitability Report under Actual Cost, but not as "Labor". In the Item List, *Labor, I have checked off "This service is used in assemblies or is performed by a subcontractor or partner" and listed the Expense Account as Gross Wages and the Income Account as Construction Income. Similarly, in the item list for "Wages", I checked off the same box and listed the Expense Account as Gross Wages and the Income Account as Construction Income. I thought
I have Credit Card Accounts that are linked to business QB. These cc accounts sometimes have personal charges that are paid personally and business charges that are paid business. Which category do I use to categorize the transaction when I do not want it on my P&L? I tried to delete the transaction but it becomes a discrepancy. Not sure how to manage.
Hello All, I am trying to clean up a balance sheet for year end. I have a balance in owner equity for a former member (1) that is no longer valid. What would be a correct way to do a journal entry to remove that off the balance sheet? Would moving that balance to the new member (s) or recalculating it be correct? Thanks for the help!
