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Hi All Our bank account (Wise) has both GBP and USD sub-accounts which we use for paying foreign suppliers in USD. The GBP account holds our funds, while the USD account is usually empty but occasionally has small amounts due to Wise offering cashback on certain transactions. In QuickBooks, these are set up as separate bank accounts. When we pay for something in USD, Wise first uses any available funds in the USD account, then covers the remainder by converting direct from the GBP account, resulting in the invoice being paid from two accounts. For example, a $99 monthly subscription might be partially paid with $2 of cashback from the USD account, with the remaining $97 taken from the GBP account as a currency conversion. In QuickBooks, this might appear as a £80 transaction in the GBP account ($97 x exchange rate to GBP) and a $2 transaction in the USD account. How can I accurately record this transaction in QuickBooks, given the partial payments from two accounts
My predecessor as accountant clearly didn't know how to deal with it, because she has processed it as an expense on the bank account - the customer is the payee, but this transaction does not show on the customer account. So it still looks like the customer paid this invoice, when he didn't.I would like to remove this from the 'GoCardless Chargeback' account and put it back on the customer account, where it belongs.I know how to edit the deposits so that the cash into the bank is tied up with the customer receipts and GoCardless fees. Should the chargeback have been processed in the lower half of the deposit as a negative amount to/from the customer account?I'm new to the business and to QuickBooks, and it's been a learning curve.
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Hi all, I've just started using Quickbooks Self-Employed Sole Trader, to charge for my hours for a company.The role involves driving and parking, which the company wishes to charge as an expense to them.In the past when writing my own invoices, I'd create a separate table to record the expenses separate to work charges on the invoice. When creating invoices and charging for my hours, I can not find a tab to add these expenses separate to my work.Do I just have to record as a work transaction and not an expense? I am worried this will mess up the in app calculations for tax season.
Hi, I have just checked my account and my linked Etsy transactions stopped syncing in August last year. What can I do to bring them in for the last tax year? Thanks
Need urgent help. I was matching gocardless or direct debit transactions in the for review tab as "add" as the client balance was automatically becoming 0. Now I discovered that this is double counting the revenue as the invoice as well as the bank deposit both are appearing there. Then I spoke to my accountant he explained that gocardless transactions most of the time do not match automatically. They come for review only when there is an issue. He asked me to undo what I did previously, then delete the payment from the invoice for each client manually and then "match" the transaction in review tab manually to each client again. When I tried this, I am unable to delete the payment in the invoice as the enclosed issue arises. It shows a bank deposit already exists and you need to delete that first before deleting the payment in the invoice. I zeroed out the bank deposit, then deleted the payment and rematched the transaction. It worked. However, now I am afraid that this will impact the
I originally synced the two perfectly but ever since they don’t seem to be connected. Invoices or new customers on service m8 don’t sync over to QuickBooks or the other way round.
How do we change email subject header for invoices from Invoice [Number.] from Company to Invoice [Number.] from Company Job Ref [Job Ref]
When I get collections through Gocardless or direct debit, client balance is automatically set off. In for review list, If I "add" the collection is getting treated as a deposit and sitting in revenue due to which revenue is double counted. How to resolve this. If I try to "match", its asking me to select the clients manually to offset their balances, but the balances are already set off so the client does not appear in pending balance list. What is the correct method to offset gocardless or direct debit.
all the expenses which i paid ,those receipts i want to attach in quickbooks
Receipts snap broken
References customers put in payment of invoices do not match what appears in my bank account vs QB
Several of our customers are invoiced quarterly in arrears. With some customers the revenue is consistent across the quarter, with others it is volume-based. We would like to recognise the revenue on a monthly basis. At the moment, we create a journal entry to recognise the revenue each month, but I was wondering if there was a better way to do it.
I am trying to issue a credit and in the help section from QB there are 2 suggestions. One for a credit when a customer has paid an invoice and one for when a customer is unhappy with the service/goods.Both have different ways to input them but apart from if you are reallocating a stock item in the second example what is the main different situations they would be used in?
Using the app to snap receipts/supplier invoices, but what happens when I get a credit note. Is there a way to select it as a credit note rather than invoice so that it uploads correctly as a credit note.
Hi, I believe I recoded with correct supplier for each purchase, however it shows all transactions with only one supplier on a same date which is I recoded at Expenses page. I don’t know why.. and it says the category is "split".. I recorded all purchase in a month at end of the month only May, June and July. I need to attach VAT invoice to submit VAT return, so they need to be showen correct supplier and correct dates. Q1. How can I change to see by the date purchased individually NOT recorded date?Q2 Why they were categolised to Split?Q3. How can I edit supplier or date?Q4. Where can I delete all in case I have to re-record them?
I would like each transaction to have an attached receipt/invoice.
We have the pdf copy invoices attached to every "bill" in quickbooks already.
I have created one Parent customer with 2 Sub-Customers. Each of the sub-customers is set to Bill with Parent.Billable time has been logged against both sub-customers.When I create an invoice for the parent customer, the time for both sub-customers is displayed.If I group by service and then add to the invoice, I only get one line on the invoice with the sum of both sub-customers. And the invoice prints a subtotal with sub-customer name only for the first sub-customer. Is it not possible to get one invoice, with two or more sub-customers, and subtotals for each sub-customer on the invoice?
I have to go back to the invoice once it is posted, click on the category so it then registers the CIS deduction. This is taking too much time, why can't quickbooks recognise the CIS when first inputting the invoice when sent directly from email into quickbooks?
