Transactions
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Which Expense category do I use for tools purchased for my trade (Painting & Decorating). I'm using QuickBooks Self Employed. Many thanks,Steve
Hi,I have reconciled my 2020 accounts and all match. However, the balance in quickbook and my bank balance have a discrepancy of £2083 more in quickbooks.Looking at my reconciliation summary, there are 2 transaction that total that amount under:Uncleared deposits and other credits as of 31/12/2020 (received payments)1 for 625 & 1 for 1458. If I delete these or the bills that I have created for them, will this upset the reconciliation? Thanks all for your help.Kennels9
How to setup the payment installment?
HiAccountant has asked me to process transaction Debited retained earnings and credit CIS- from inland Revenue. When I try to make General Journal entry it gives me this message "Select a different type of account for this line. You can only select an account payable (AP) or account receivable (AR) account on the first line of a journal entry and it can only be used once in the same transaction" Is there another way I can process this transaction?I am also trying to debit a creditors accounts and credit retained earnings. How can I do this?Thanking you for your help
I have several Euro invoices for which deposits have come in. I am unable to match the deposits to the invoices in QB. When I click Find Match the invoices are not found (I have selected the Foreign Currency radio button) but they do not come up. Dates are well within the selected dates.What would prevent invoices which have not been matched from being found? Would the £ conversion on the deposit being larger than the £ conversion on the invoice be an issue?I can see this is the case for one of the transactions.On the other transations the deposit is for two invoices and the £ conversion on the deposit is less than the combined £ value of the two invoices unmatched invoices.
I have some small balances of both debtors and creditors accounts to be cleared out. They are small amount left on invoices but not write offs. What is best way to deal with these? Also I have small amounts on my Revenue account as revenue rounds the figure each month. How can I clear these small outstanding amounts to clean up my books Thanking you
Good afternoonI have all my customers details set up on recurring transactions. I have gone to use them today and found all the Invoice Addresses and Delivery Addresses have reset to just the customer name. Can anyone give me any ideas why this would have happened? I have been using them now since July 2020?Many thanksMark
Hihope somebody can help - it must be straight forward, but I cannot find specific information on amending transaction dates. Background is I uploaded a csv file - it seems because the file was formatted in a certain way, some of the dates were interpreted as the American method of expressing dates - and so appear incorrectly within QBO. I know which ones this affects - and hoped for an easy way of doing this. I noticed the error in the process of adding/categorising the transactions.The way I have found (out myself rather than any of the videos) is to categorise and add the transactions, then amend within Bank history, in the Chart of Accounts section. Is this the correct way?Many thanksSean
Hi Accountant has asked me to post enteries re end of year accounts. Checking if this is correct procedure. I make General journal entry cr the said account, debit the said account as at end of year date? ie my account year ends 31.07.20. Thanking you
