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Don't know if anyone has the answer to this. I had a credit with a client of £45 that they decided to write off i.e. they had overpaid me. In my invoicing, I added the £45 to an invoice and QB matched it to the overpayment and equalled everything out to paid. But my QB total doesn't match my bank feed - still out by £45 too much in QB total. Any way to resolve this?
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I have received a credit note from a supplier. In the past that would stay on their supplier record and I would set that credit against a future purchase, but in this case I won't be placing another order with that supplier. It was originally purchased with a credit card and they processed the refund back to the original card. Does the credit amount have to stay against that supplier with a negative balance, or can the credited amount be transferred back to my credit card account? Apologies for what might seem a simple question, but that hasn't happened to me before...ThanksDave
Hello. I have split my monthly mobile phone contract transactions to 25% business and 75% personal. Where or how do I upload the invoice which obviously shows 100% of amount? If I upload it to the 25% split business part it's obviously not going to match up. Sorry, I'm new to this! I'm using Quickbooks Self Employed
Hi everyone. Sorry, another question from me this evening - I'm completely new to this! I've recently gone self employed and I'm currently living at home with parents. My bedroom is half bedroom and half office. I pay my mother rent weekly. It's not a lot, but being a graphic designer I'm obviously using a lot of electric being at home working all day every day. I've split the 'rent' transactions 50/50, half personal and half business expenses under the rent/utilities/insurance category, which I thought was right. However when I click on the 'taxes' tab on Quickbooks Self Employed, under the 'Rent, rates, power and insurance costs' section is shows my business half of the rent as 'disallowable expenses' in the 'other expenses' section. But has a random £157 of allowable expenses under 'home office'. Why is my 50% split of the rent I pay 'disallowable', and where has this random £157 allowable expense come from? In my tax profile in the 'do you work from home' box I've en
Hi all. First of all I'm sorry if this is in the wrong category! Secondly, I'm aware this is most probably a question for an accountant but I thought I'd try my luck here, as I can't seem to find anything on the HMRC website.. I have recently gone self employed (beginning of Oct) and I started using Quickbooks Self Employed today. I've connected my bank account, excluded all transactions prior to the beginning of October and sorted the rest between personal and business. However, back in April, May and July this year I purchased a desk, chair and computer in preparation of becoming self employed. As these items are solely for use of my business (I'm a graphic designer), I've put those transactions down as office supplies/equipment. They are the only 3 transactions for the business before October. Have I done the right thing? Or does it now look like I've started working for myself back in April as that's when I purchased my computer? Sorry if it's such an obvious or silly question
Hi, So I I have reconciled my 1st months of accounts 01/01/20 to 31/01/20.After doing the whole process I noticed that the opening balance is 8.28 out (I took the balance of my business account from the number after the 8.28 subscription was taken out!) I went in and edited my opening balance, however, says obviously that there is a discrepancy. I have changed it all so much the audit history is immense!! The opening balance is now correct for Feb 2020 but how do I sort out the 8.28 discrepancy?? Thanks
Hi, I want to add a paper receipt to my accounts, I am unable to split the receipt (fuel/food) unless it is an unreviewed one. I can’t add it to unreviewed as it’s from outside of accounts. Can anyone help?
My client insist that the invoice has to come from my company and not me but I cannot find how to change this.
