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I receive most of my receipts electronically for business expenses and subscriptions so am wondering how I can easily add these to my quick books account so that they are stored and registered? Is it possible to email them or attach them and how do you do this? Thanks
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Hi guys I'm new to quickbooks and just getting my head around expense tracking. I use a separate business account for all my finances and big purchases go on a credit card. I pay off the Credit Card with my business account and these transactions automatically show up and I categorise them as 'Business - Credit Card' on my transactions. My question is, if I connect my credit card to the system and it pulls the individual transactions through the system I will be double accounting for those transactions (one as a lump sum on my business account, and then the individual credit card charges). For Self Assessment what is the best method to use to avoid duplicate accounting. Should I just leave my credit card not connected to the system and count the lump sums I pay off, or do I need to record each credit card payment, along with the receipt I receive for the particular item?
Hello,A silly question but couldn't find an answer. I withdrawn money from my business bank account to use as a cash float at events. What should I record the cash withdrawal as? Couldn't work out what category to use in quickbooks.
Hi, I have a question. I have a EURO invoice in our QB. I expect a payment and the payment will be in USD. How to apply the payment that is going to be in USD to EURO invoice and how to make an adjusting entry to reconcile the bank in QB?
I pay VAT by bank transfer I have recorded payment on Taxes page and matched it on bank feed but it does not show on expenses page like other times? Also when looking a the reviewed column it says matche to tax paymend split expense?
If I send invoices using quickbooks with a link to PayPal will it show as invoice paid in quickbooks or does this need to be done manually? If it needs to be manual is there a version of quickbooks that allows all this to be automatic?
Our company has a contract with an overseas client that states we invoice in our home currency (GBP) but this is then converted into their currency at the contract rate, then converted back at the forex rate at the time of payment. So, for example, say we invoiced £100 to our client in Malaysia. The contract states the rate of 5.35 RM to the £. They convert the £100 to RM535. Then they pay, in RM, at the rate at the time of payment, say RM5.5 to the £, so we actually then receive £97.27 instead of £100. How do I record this forex loss in QB when the invoice is in GBP? Thanks in advance.
