Question

Reporting after company sold

Forum|Forum|2 years ago
November 17, 2023
2 replies
0 views

As of May 31st my client (co 1) sold to (co 2) Co 2 continued to use Co 1's quickbooks accounts including their merchant and bank accounts. They did not use me after they sold. Now they need to know how to divvy up the bank account. They use Essentials - I have set up tags but they don't show when customers pay. The average deposit is 40K and it is made up of $40 - 90 transactions. How can I easily do this? Deposits don't show invoice numbers or tags. I have tagged all invoices and expenses.

QuickBooks Accountant Online

I

IrizA

I understand the importance of seeing the tags you've created, Wendi. Let me help you locate your tags so that you can work smoothly.

Since you've already created a tag for your transactions, you can easily view them in your Settings. Please follow these steps:

Go to the Gear icon located at the top right corner.
Under the Lists column, look for Tags and click that.
Under the Action column, click Run report.

If you want to dig deeper into tags, you can visit this article. There are step-by-step provided for you to use as a guide: Tag transactions in QuickBooks Online.

Moreover, you can also view all help to see all of the articles in QuickBooks.

You can always reach out to the Community or reply to my post whenever you have questions regarding tags or anything that comes to your mind. We're always here to help. Have a good day ahead.

Rainflurry

@Wendi

Did your client (Co. A) keep the receivables as of closing? And, since the buyers (Co. B) are using the same merchant and bank accounts, they have deposits that are owed to your client. Am I understanding that correctly?

W

WendiAuthor

Yes Co B is taking all of their deposits and I was just told all receivables were turned over to Co B - makes the whole thing much easier

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