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Hi, a customer paid for some invoices twice. I then entered the overpaid amount as unapplied cash on the customer. How do I now use that to pay their subsequent invoices?
Morning All I have a large purchase which I want to capitalise, rather than making it an expense. How do I do this on Quickbooks?Many thanks
I may have just stumbled upon a bug which could cause some major headaches. I have been using my personal American Express for business expenses whenever I can in order to get cashback. Quickbooks allows me to split each bill into personal and business, so this shouldn't be a problem. However, on the transactions screen, any amounts I've split into business say "SPLIT Transfer" (whereas the personal part says "SPLIT Personal"). When I filter my transactions using the word 'American' to bring up only the American Express payments, the totals at the top of the page show £0 for business expenses. Other search terms automatically update these totals as I type. So it seems QB isn't adding my split transactions to my business expense total, which means those numbers are now wrong! :( Hopefully I am just missing something, but it seems like there's an issue! Help! UPDATE: I've tried changing the Category from 'Credit Card Payment' (which QB automatically suggested) to
1. Record prepayment from the customer as a credit2. Invoice customer3. Receive Payment for invoice4. QBO correctly auto-applies the credit- all looking good5. Click Save/Close6. QBO errors per the title in red7. Leave without saving8. Refresh the transaction list and payment applied correctly!How can I stop the error message from appearing- all seems okay, otherwise.
Hello All, Ok so QBO doesn't have Fixed Asset List or Fixed Asset Manager so I am struggling to work around with getting paid and account for the services recently. Any help/leads will be much appreciated. Scenario: We bought TWO Vans, paid in Full through Bank Transfer and now would Rent it out to our Customer on a Day Rate basis. Accounting Dilemma: 1A. How and Where to create the VANS as Assets i.e Tangible? Others?1B. Does the original price include VAT component? 2. Once the Asset is created how to "match"/record the payment for it that was made through the bank transfer and is showing in our feed against the Invoice. 3. [MOST IMPORTANT] Now when we have to create a Service/Product/Stock to Invoice the Customer, how do we show/use these corresponding Assets (VANs) Any urgent help will be life saving. ThanksN
Hi there, I use your Etsy integration but since I am based in the UK it only pulls the sales without the expenses. I created a journal entry to enter my expenses and that was all fine. At the beginning of this month (May) I received my Etsy payment for April sales but it's a higher amount than the journal entry as they include a few days from May too. So to give an example - let's say journal entry was £900 but payment received in bank account was £1000. I tried to match the transaction and resolve the difference between the two but that categorises the leftover £100 which I still need available for the end of this month (May). I also tried splitting the amount and it didn't work again as it categorised the amount. Can you please give me advice on how to go about matching my transactions and still have £100 left to carry over for this month? also, how do I close and reconcile April? Many thanks,Bobbi
The accountant has asked me to set up zero opening balance for the start of 2020/21 (so post 2020 end of year) retrospectively. Is anybody able to explain how I can do this please. Thank you
