Transactions
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Dear all, I am a new user of Quick Book. (In the demo version), I uploaded the bank CSV file and doing editing, let's say I've received 26,034.21USD from my client btw I should pay for 2,657.11USD to another supplier which is working with my company. My client deposited all together. The 23,397.10USD is for an invoice issued by us and I've done matched with the created invoice and the 2,657.11USD is payable to the 3rd party. It's often a situation for me btw after changing the software to QB, I have no idea indeed. What I need to choose the [ACCOUNT] at the 'Bank Deposit' filed for the payable amount of 2,657.11USD even we received. And what will be indicated in the balance sheet? It's not our profit at all. A Kind of bypass btw the 3rd party will issue the invoice to receive it from us too. Please see my sample screen-captured attached. I will really appreciate your advice!
Hello I have created some Refund receipts for customers but the transactions are showing in the wrong Sales account. I can't seem to find any option to select the sales account the refunds should be coded agains? ThanksJack
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My outstanding invoices are disappearing from the list. My invoices not letting me mark as paid??
I have an invoice from a supplier for 1000. the supplier has asked I pay 850 so that I would pay for transport and not him paying for transport . How to capture this in QBO
I have an internet business and have found the import function really useful for uploading sales receipts. Does anyone know if it is possible to upload customer refunds in the same way via a csv which will then allow me to show the bank account from which the refund is to be deducted. I have looked at the import credit note csv and this does not seem to fit what I am trying to do. If nothing currently exists to do this is anything being developed to assist.
I have purchased a piece of medical equipment on hire purchase. I am a UK limited company and VAT registered (MTD) . The cost of the equipment is £43,000 + VAT. I have paid a 10% deposit (£4,300) and paid the VAT (£8,600) upfront , so have a banking transaction for £12,900 ready to be allocated within Quickbooks. I will then pay 48 monthly payments of £928.05 which include the repayment/interest element.Please advise how I set this agreement up in quickbooks (detailed steps would be appreciated as I am fairly new to QB) to correctly allocate the initial payment that I have made of £12,900 and then how I allocate the 48 payments to follow. I will share you advice with my accountant .Many thanks
HiIn Quickbooks Self Employed, I have deleted a Business Account that I recently closed. To my absolute horror, ALL of the Transactions associated with this account have been deleted; not only the current Tax Year, but all previous years too. There was no warning that this would happen. I urgently need advice on how I can restore these transactions - I can no longer reconnect the bank account as it has been closed.
Hi, I have WIX and use Stripe and PayPal for payments. I was advised on another website to set up Stripe and PayPal as accounts and to set it up so that e-commerce sales (WIX) payments go to undeposited account first and from there to Stripe or PayPal account as appropriate. I then charge the relevant Stripe/PayPal fee to that account and in theory the net amount is then transferred to the bank. I have my bank connected and I have been categorising my transactions, however, I just realised that I have been adding them all as deposits so I think that I'm double counting VAT and money in. I then explored whether I could match them but its bringing up payments and the amounts don't match because they are the gross amount and the net amount (less the Stripe/PayPal fee) is what I need to match. Can anyone advise? It feels like this is way too complicated now. Thanks
I have 'received' payment' on the invoice tab, but how to I match that to the payment in the bank account? Have had this issue before BTW.
Hi, we moved from another software to QB and shopify and we have lots of issues with not syncing and also had to disconnect inventory apps, as they didn't not work correctly.Can someone help with journals:in case of sales QB automatically does this journalCR sales (gross sales price)DR customer (net price)DR VAT (vat amount)-----CR customer (gross amount for sales)DR payment method (gross amount for sales)---DR cogs (cost price of product)CR stock (cost price of product) but then recording the suppliers invoice will be alsoCR supplier (Gross amount of supplier inv)DR cogs (cost price of product)CR VAT (Vat amount) Please do not put stones on me, but why would the sale touch the cogs as now the cogs are debited twice within the same transaction, so will double the cost price journal on the cogs account.I hope this makes sense, and someone can help.We moved aways from Sql where everything was manually done and from journals, within the sales transaction debiting the cogs for me
