Reports and accounting
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I am running the Estimate and Progress Invoicing Summary report and estimates that were updated from a prior period are being reported as having been invoiced when they have not actually been invoiced. The estimates were updated because of additions from customer. They show up on the estimate as open but on the report it is showing as having been fully invoiced. It has not been invoiced.
Hey everyone, I had a question on the formatting of the reports when I try to print via PDF. Whenever I do so, it only prints half of the columns on one sheet of paper and then prints the other columns onto the next. Is there anyway for this to be fixed?
I have an accounting/tax question Scenario: A vehicle is purchased for 12k and the purchase is done with a credit card. The purchase is recorded as debiting a fixed asset account for the vehicle (Original Purchase Price) and crediting the credit card liability account. We setup recurring transactions to record depreciation expense on the vehicle to depreciation expense account (debit) and crediting the accumulated depreciation account (Sub account of the fixed asset account) of the vehicle. Here's the question: Since we already recorded the full purchase of vehicle on the credit card and it went to original cost of the asset... is there ever a time we would record the payment on the credit card as an expense? Specifically and expense for the vehicle? My thinking is "no" since we already recorded 100% of the purchase with the credit card and the monthly card payment just pays down the liability account for the card. Other than deduction vehicle expenses
So that the sales are not being double counted
Currently, Credit Card payments are processed in a separate CRM system and imported into QBO into undeposited funds account using Sales Receipts. Wondering if we imported the Customer invoices if QBO would auto apply the payments?
Recently "upgraded" but there was not a choice to migrate our data....trying to do so semi manually, but cannot type it all in... wondering if there is a way to download a CSV and then import (I understand my import options into QBO, but self employed doesn't seem to have an export function)
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We have a very small HOA that was established a couple of years ago. We are slowly building up our reserves for basically our future private road maintenance needs. I use QBs desktop. I have a checking operating account and a reserve savings account. We collect HOA dues annually and that is our only income except for interest earned from the savings account. I have forecasted how much is needed to go into reserves for the next 10 years. Each year when I collect annual dues, I deposit it into the operating fund. I then transfer the needed amount for that year to the reserve account. But how to I record the reserve transfer correctly so it shows on the balance sheet correctly? I need step-by-step instructions. Also, when I need to draw on reserve funds for that year, can I have step-by-step guidance on how to do so?
I updated my QuickBooks today (Desktop accountant plus 2024), and since then, it's collapsed the whole report, not just the subcategories (like it was until now).
Tried all the customization options available in QB. Couldn't find any feature that could help me. Please guide me on how to do the same.
I'm very green when it comes to accounting, this software, etc. However, I think I understand the concept of the relationship between income, expense, and profit/loss. When I run a P/L report in QB, it reports total income of $203k. When I run a sales report by Product/Service, it reports sales of $386k. Why are all of the sales note being accounted for as income in the P/L report? Thanks to all who can provide information!!! [Removed] Land Management Solutions
My client is a corporation that uses accrual accounting, but QBO (during conversion from Sage) set up an "unapplied cash payment income" account that I can't get rid of in spite of it having a zero balance. This account makes no sense in accrual accounting as unallocated cash should show on the balance sheet, not the income statement. I'm not all that familiar with QBO; can someone tell me how to get rid of this account?
I tried searching and couldn't find any posts about it but I'm having problems adding receipts in QuickBooks Online that have multiple pages.I have receipts that have multiple pages, for instance a lot of the items on the first page and then the second page more items and then the total. But when I take a picture "scan" it wants to add them as 2 different receipts and I don't know how to combine them. Can anyone help me out with this issue?
I have had a CC charge come thru from a 3rd party that paid for wages that went to a project (should be COGs). When the *net* charge came in, I coded it to Wages & Benefits (COGs acct). However, when I try to create the journal entry to record the wages/ taxes/ etc, the $$ amount for the *gross* wages is showing up as well on the P&L. What account(s) should I use to record this transaction accurately? Thanks!
Hello! I've been a QB user for many year but am currently helping a family member get setup with their business. The business buys and sells coins, bullion, silver, gold, etc and has been in operation for several years now. I am running into an issue with inventory. Inventory is not tracked individually, it would be incredibly difficult to do so at least at this time, but would like to track the inventory purchases versus the sales. My mind tells me that simple expense vs. income is not the way to go here and would like to setup actual products in QB. Anyone have a similar style business or experience?
I took a screen capture on my phone of "We couldn't find anything for that search" with the exact same number showing in search results as pictured on my laptop's browser but I can't attach pictures here.
Used Chase Billpay to provide a $5K grant to a vendor. The bank withdrew the $5K and reconciled in QBO as an expense.Received notice that the vendor did not cash the $5K check so Chase stopped payment after 90 days and returned the $5K to my account and reconciled QBO. I sent the $5K again. I do not want to see the $5K twice in my reports for the vendor.
I'm having a big problem for many months now, maybe even longer. We use progress invoicing a lot and for some reason, the calculations are no longer correct. It doesn't matter if I pick a % or $ in the popup screen - let's say I put in 25% on a 10,000 estimate. It should show 2,500 but always shows some random number, like 24,999.34 and it's always slightly off. Most of our estimates have multiple line items and if you look at the % on each line item it's something incredibly long like 25.0000098 or something weird. This is a real pain to fix and in some cases we just can't fix it. Just like others here, I've chatted with support on and off for months and every time is a worse experience than before. They never seem to have any idea whatsoever in how the product works or what I'm talking about, and they tell me they'll escalate it, and nothing ever happens. So I'm posting this publicly to see if anyone can help or fix the issue. It impacts our business.
The Schedule C article is not what I'm looking for.
Setup automatic invoicing with payments
