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Hi everyone.I have just set up a bank loan and using the help section I have done this through the chart of accounts, did it as a non current liability. I then went into the journal and did a credit to show the loan and then it told me to select my bank on the second line and put the same loan amount in the debit column. The loan was for say £50k. However when I have gone back into my chart of accounts and looked at the liability it is showing double what we originally borrowed..ie. instead of £50k its now showing £100K. The loan doesn't start its repayments until next year but how do I get it to show the right amount of £50k.
I'm trying to work out how to allocate cash against invoices when the cash received is net of a deduction. Eg I invoice £100, my agent pays me £95 as they have deducted their £5 fee. I need to be able to post gross inv of £100, costs of £5 and allocate net receipt of £95. Transactions are uploaded into QB automatically from Bank. Thanks
Have 1 non-categorized transaction on EUR bank account. -0.82 EUR. Transaction imported from .csv file.In banking transaction shows with 0.82 in the "Spent" column.This was a transfer to USD acc. Since QB Online does not support transaction from one foreign currency to another, I am doing a transfer to Contra GBP account - a special account that I have set up just for this per advice on this forum.So, I select "Record as transfer", choose "Contra GBP" account, select exchange rate and click "add". For some reason my EUR account balance is increased by 0.82 instead of reduced, and when I go back to banking the transaction shows both in "For review" AND in "Categorized". When I click "undo" in "Categorize" transaction count on top (the one near the balance figure) shows me "2". But there is again only 1 transaction in "for Review" tab.What is going on?
Since about March this year whenever I send an invoice directly from Quickbooks it gets marked as spam, Previously they had been received fine.If I analyse the email header it shows the problem as being "DKIM Signature Body Hash Verified, Body Hash Did Not Verify"I'm guessing either quickbooks haven't configured something correctly or I need to add something to my spf record maybe?Update: Every email I receive from intuit gets marked as spam with the same DKIM error
Hi Many customers ask for the receipt of their payments so we have to manually download the invoice marked as paid and email it to them As the customer gets the email every time you ament the invoice can we set up the email for his payment too Regards Konstantin
My account is only subscribed for QBO Essentials, which doesn't give me the ability to make an expense billable. However, I would like to generate an invoice for this expense - is there a way to do this without the billable option?
Hi How can I recharge a bill to a customer , do I have to manually raise a sale?
I'm trying to allocate some payments to purchase bills that are for sub contractors, but when I try to do this I get the error message "The Transaction can't be edited because it's in a CIS period that was marked as filed to HMRC. To edit the transaction contact your accountant or our customer support team." I have tried to do this for different transactions and I always get this message even when the bill was put on late and it's included in the CIS return.
How to show on current invoice the previous unpaid invoices or outstanding balances?
Dear Team, We buy goods in Euro but due to bank transfers made in our home currency (UAE Dirhams) we incur exchange rate losses. When we sell these goods to the specific customer, we want to include this exchange loss as a billable cost to them. How do I go about it ?
I buy in products to sell on at a profit.If I raise a Purchase Order then allocate this to a Bill/Expense when the product arrives the cost of this does not show up on the Profit and Loss report. It only shows up as a Cost of Sales when I actually sell the item. Is this right?
Hi, I am new to QB. I run a karate club and use a web management site that generates invoices, takes paypal payments, creates events and sends reminders etc. I generate invoices from this site and customers pay, either cash, paypal or BACs. Often they pay monthly and I invoice quarterly so each transaction is a partial payment. I have just set up QBooks and have managed to link my bank and paypal accounts (as a bank). I now have lots of payments. All I am really interested in is doing my tax return so tracking expenses and income. I can get reports from my website about customers, so do not need that data in QB. Therefore my question is, do I need to go through the process of matching transactions to customer invoices ( I had imported all invoices from my other site) or can I simply record the deposits and is this ok from an accounting point of view. I have worked out how to add expenses. This is my evening buisness, I am a teacher by day, so keen not to create
I have a QuickBooks file that contains transactions from 2005 up until this week. The file is huge (>500MB) and is really slow to work with. How can I remove/delete/purge records that are older than 1st January 2014?
Hello! We want to start online sales on a certain platform. This platform provides fulfillment solutions - i.e. I send our stock to them, they store it and send it to buyers as necessary. Sending stock to their warehouse is not a sale - it still belongs to our company as long as it is not sold.Nevertheless this is away and for all intents and purposes is as good as unavailable for sale to other firms from our home warehouse.How do I record and track these stock movements with QB? We have a Plus account with stock tracking enabled.
I sold some items with an agreement to cover a portion of any repair costs, if there were any. Four of the items required a small amount of repair, so I issued a credit note for partial costs on those items and the customer paid the difference. But the credit returns these items into stock!. I cannot issue a credit with a zero quantity so how can I assign the amounts to these items to get the true picture? I can't change the original invoice because it was in a different VAT quarter. I could void the original invoice and reissue but that isn't how it happened and payments were made and assigned to the invoice before the repair amounts were known.
Hi, We have customised an invoice as we have two different invoicing names, so at the bottom of an invoice there is a customise button i can select and choose which invoice address/logo i want to put it on, but i need to set up a credit note to mirror this. How do i do it please? Nothing on dropdown list of items to edit.
Hi there. I have recently set quickbooks up from January 2020 and I have around 20 payments which my boss has mislaid the invoices for. I could call all the companies but with Covid a lot don't have access to them. Is there any way I can perhaps put these payments into a suspense account? Or should I put them onto the correct supplier account?Many thanks for any help.L
