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HelloCan somebody advise. I'm new to quickbooks and wish to upload petrol receipts and daily costs into my quickbooks to make it easier for my accountant to view rather sending them the manual receipts. I have managed to snap the receipts and they seem ready to review but not sure of the step by step guide on how to process these kind of bills. They are what i'd call receipts and costs incurred by my company, these are not monies owed to or from as the costs have already been incurred by me.Any advice would be appreciated.May thanks
Hi, I'm just after a bit of advice.I work as a graphic designer, so occasionally have to purchase things in USD for assets, brush packs etc.. I now try to avoid PayPal because of the problems below, but sometimes it is unavoidable & does not help with the situation of clearing my last years books.As reported so many times on here, PayPal transactions that are in USD are synced through as GBP. So a $20 purchase is downloaded from PayPal as £20 instead of (currently £16.90).This didn't use to be an issue because a couple of years ago I simply recorded the expenses on my current account against the PayPal transactions in my current account (which are all in GBP). The slight issue there was having my PayPal account in QuickBooks itself I was never1. Able to reconcile it2. Had to always search my PayPal account to find what the transactions were actually for because in my bank feed they only show as "Paypal"So 2 years ago I started marking them as transfers in my curre
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Hello, I am trying to figure out the right way to categorise my personal wage from my self-employed business. I have researched and it seems the best way to categorise my wage coming out my business account is 'owner withdrawal' which I have done. But, as I have both my business and personal account attached to quickbooks (as I sometimes need to make payments from my personal bank account) I can't see whether to put the money going into my personal account as personal income or exclude it as it I have already marked it being withdrawn from the business account. I hope this makes sense, can anyone help? KR Amelia
Hi, I've been putting my drawings (wages I pay myself) down as "wages" on my banking reconciliation - now I'm starting to think this is not right.....how should it be recorded please? Thanks
I am an actor and various deductions are made from my performance income (agents commission, VAT, pension scheme, fitting fee etc) and I can't see how to apply these in QB Self Employed. Any help available?
How to set up commercial invoice uk
I use qb self employed and new tax year has begun, yet with some customers I invoice weekly, invoices as of today 7th April, link to the previous tax year not the new one, so I show as no income for new tax year. Not see any options to amend, reaching out for help please, have I made an error? Thanks all in advance, first time for everything
I’ve just received payment for some work I did last financial year; I’m sure there’s a simple solution but I can’t work out how to attribute the payment to the last tax year… This seems like it’s probably quite a common occurrence at this time of year, can anybody help?
Hi thereI've been trying to follow the advice for being able to detail a discount on my customer's invoices but I think that it will be different (or not offered) with QB Self Employed. Can anyone let me know how I can achieve this?Many thanks
Email addresses are correct, but when i post invoices the system responds "delivery issue" email bounced - Why?
Hi,Both me and my partner are directors of a new business and I am the one doing the accounts side of things. When we first opened our bank account (business) we transferred money from our own account to the business account to pay for things. How do I treat this and were do I post this too as this is money we have never taken back yet? We have also paid for items from our own personal accounts so how would I enter this into our books? Also were would I reconcile the above? Can I also ask so sorry but when you download your transactions from your bank and then you match or add anything as we buy from shops so only have receipts would we need to put each receipt into the expense account so it can be reconciled or does this bank do this once you match amount with receipt? Thank you really appreciate any help that you can give.
I feel that recording my donations as deposits rather than sales receipts gives a more meaningfull picture as I haven't actualy sold anything.
All the information was there earlier today now it shows no invoices
Morning all, I'm having trouble receiving my latest batch of expenses receipts.I'm getting the below warning box, but cant seem to see where the issue is. Can anyone help? Thanks Rob
We sell physical products and use Quickbooks to track the quantities. The stock asset account is record, the unit sales price is also recorded on QuickBooks and linked to our "Sales of Product Income" income account. The unit cost for the product is likewise recorded on QuickBooks and linked to our "Inventory Cost of Sales -COS" expense account. Each time a customer buys a product and the invoice is paid, I noticed that QuickBooks records the income under the "sales of product income" account but also automatically records the inventory cost of sales - COS expense and reduces the stock asset. While I want the software to record the sales of product income and decrease the stock asset automatically, how do I stop quickbooks from recording the cost of sales on every invoice based on the product's unit cost in the product information section?We record the inventory cost of sales after every bill from our supplier and this is a problem because the cost of sales is being rec
Hi all, The client doesn't use mileage tracker but I keep his mileage log. I want to manually enter mileage expenses and I'm not sure whether I should create a journal? (if so, what do I credit), or set the owner as a supplier? I've never done it on quickbooks for a sole trader so I would appreciate your help. Thank you
