Reports and accounting
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I have realised that when I use the "snap a receipt" function this ends up giving me two transactions once my bank gives QB a list of transactions. Is there no way to "match" the transactions into one or am I best to exclude the bank transaction? If there's no way to match a snapped receipt to a transaction this feels like a huge oversight by QB...
I should be seeing other fields like "Show Items table on expense..." as well as "track expenses and items by customer" and "Make Expenses and items billable" which is where I would do the markup on expenses.
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Hi, I am currently using QuickBooks Desktop and need to pull a report that shows all purchase orders committed to a job but also includes the Estimate Vs Actual report. Can anyone help guide me through this process?
A prior QB-DT user incorrectly set up an income account Event Income as not a sub-account and posted transactions to it. I created an account Income: Race Income and transferred all transactions to that subaccount. However, the Income Statement still shows Event Income as an account and does not show up the account Income: Race Income. Desktop version 2021. Any suggestions welcomed.
We are looking for a report that shows items sold below retail with sales information.
The Deposit Item = 'Other Charge' , Account is a Liability Account for Customer Deposits - not a Revenue account.Customer Deposits reported as Revenue in Job Est vs Act reports, it is not Revenue. How do I run these reports to exclude Customer Deposits received and credited?
So I believe i've been miss classifying credit card payments incorrectly. I have a business checking account and a business credit card account in the same quickbooks.I think I have been marking my credit card payments in my checking account as "Credit card payment" instead of "Transfer" so even after reconciling i'm ending up with a huge negative balance on my balance sheet. According to this other article i found https://quickbooks.intuit.com/learn-support/en-us/do-more-with-quickbooks/categorizing-credit-card-payments-and-transfers/01/1331240#M18057My checking out credit card payments should be categorized as "transfers" and on the credit card side, they should be marked as "credit card payments". What steps do i need to go about resolving this?
We are a nonprofit and DO NOT SELL INVENTORY (but decided to use inventory to track quantities of items on hand). Unfortunately we entered a value in the "cost" field when setting up each inventory item. We reduce inventory by creating $0 invoices (we manually edit the items to $0 rate) but this still effects our COGS account. Basically we are trying to use the inventory tracking in a way that won't impact any accounts. I can set all items to $0 cost going forward, but how do I edit our COGS back to 0?
Using QB Online with some tagged transactions (ungrouped tags), running "Profit and Loss by Tag Group" report, I use Customize=>Filter to select a specific tag or "Not Specified" to show untagged transactions, and I can display columns by months or quarters (among other options). Some problems occur after I save the customization. When I view the saved report, it displays correctly at first, but it loses the tag-related filtering if I adjust anything such as changing the dates or changing monthly report to quarterly. Also, under Customize=>Filter there's no option to filter by tags. One more thing: By default, the "Profit and Loss by Tag Group" report includes one column for each of my tags. But how can I include a separate column for untagged transactions?
I have a client that experienced embezzlement and has set up a payment plan for the individual to pay restitution. I have an asset account to hold the principal amount as a "loan" to the business, but what is the other side to the journal entry? The loss was experienced in a prior year and the books are closed for that year & taxes filed. TIA for any advice.
I tried fixing an invoice that had the wrong amount and it added the same amount again which made a credit. How do I take the credit off the invoice?
QB Online duplicated my tax agency. I now have an extra tax agency with fictitious, non zero accounts for sales and use tax. I'm requesting instructions how to delete these non zero accounts. I have performed my due diligence on this board and every response gets one half way through and then says call you accountant. While grateful for your efforts, despite how spurious they appear, please don't populate the thread with those half answers. How to delete a fictitious, non-zero account in QB Online?
Now I'm on the computer version and I've seen them made similar changes now we have no way to put in the date of service.This whole thing looks ugly and it feels like we're just thrown out . To figure it out ourselves I think it's time for quickbooks to listen to us clients who've been here for more than a decade using their services and putting up with these updates that we didn't ask for and didn't approve of
I am working on Quickbooks Desktop 2023, my boss wants me to access QB advanced report writer. Just for reference I can access QBAR in a sample company. We have added a new role called QBAR, and gave it access to quickbooks advanced reporting under file, and assigned that to my user. It still tells me to ask the admin for access??? QBAR does work in a sample company, so it is not an installation issue..
I have two QB Desktop Pro Plus company files - one is from prior to forming my LLC and goes from January - May, then from June through December I have another for after my LLC was formed. We are going to file taxes with an S Corp election and back date the change to January 1. How can I merge these two companies so I have full year reporting and tax filing information?
Hi! I'd like to know why my general journal entry transaction below involving retained earnings and capital account are showing up on the statement of cash flows when these don't involve cash? Retained Earnings---- XXX Owner's Capital----------XXX Does it assume corresponding cash flow for every entry? Hope to get some relevant explanation. Thank you!
