Transactions
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I'm working with a customer that operates what I would call a dropship company.They act as sales business but don't hold any stock, they sell reasonably high value items so a website for customers to buy from isn't seen as a current requirement. Today, an order comes in, they back that order off with one of their suppliers, send the supplier the delivery note (with their own logo on it etc), the supplier sends off the goods, happy customer.To keep the accounts in line this requires a purchase order for the order with the supplier, an invoice for the end customer to pay (on credit terms). The products, costs and prices are all recorded in quickbooks as are the customers and suppliers.With an existing customer we want to reduce the manual processes of producing these documents one set at a time, is there any way to produce these documents for a set customer/supplier/product/price/cost ?In an ideal world, this would produce a set of PDF's which can then be attached to manually
We changed the bank account used to draft paychecks from, and it's debiting properly, but despite mapping being set up to use the new account before running payroll, it still keeps on posting under the old one in chart of accounts. We've had 2 paychecks since the account change doing the same. "Update transactions" doesn't do anything, and at this point I'm kind of losing hope it's ever going to work properly. How do we fix not just past, but also future paychecks?
Hi,I have multiple bank accounts with the same bank and I transfer money between the accounts. QB has correctly matched up the the transfers but has started adding VAT to transfers and I cannot work out why it's doing that. Presumably it will all balance out as one account will have input VAT out and the other output VAT, but my VAT this quarter is about £2k more than in any previous quarter, although I don't think this period feels like it's been better than others. It also feels wrong because it will show my input and output amounts as higher than they should be. I assume HMRC wouldn't be very impressed by that even if the VAT works out in the end. Can anyone suggest a reason why QB has suddenly started adding VAT to transfers between account and how I can fix this? Thanks,Nick
We raise sales invoices to replicate those prepared by the agent, but in order to reconcile fully, we include negative lines for the items such as commission. But because of QB's incredibly clunky "Product/Service" element of sales invoices (seriously, can anyone explain why this is mandatory?), we add these service lines, but there is no option to make the expense element have an expense VAT code. So it appears in Box 1 or Box 6 as negative and requires manual adjustment. Also, we need there to be reverse charges this quarter, and so the manual journal is now twice as clunky. Am I missing a way to do this?
I have several transactions showing in my quickbooks activity that I have not made
I went into my bank transaction on QBO to go through them. Every single one had been marked as "Formation", all were listed as Sundry Expenses and VAT had been added, even though I'm not VAT registered.I was able to go through and manually correct the entries but what on earth is going on?
I have a lot of trouble uploading the csv file of transactions. When they finally uploaded all transactions, mistakenly show as income. Why and what should I do now?
Hello When I complete an invoice and enter all the customers details it is not showing on the invoice. All that is showing is the customer name and post code. Please see attached. Also, can you amend the email message template as it isn't very professional. Many thanks
I`m entering an expense and selecting the payment account but when I press save & close I have noticed it allocates it to different account. So then I have to go back in and change it again.
Hi all,I have Etsy integration turned on in QuickBooks Self-Employed. Some time around October 2023, it stopped synchronising with Quickbooks. Since then it hasn't updated that Tax Year.It had partially completed the tax year, so with no choice I had to delete the integration as other attempts didn't pull the later data through. So now I have no Etsy entries for 2023-24 Tax Year at all. The integration has said its finished updating, but its only done the 2024-25 Tax Year.Not sure if anybody has found a fix for this?Cheers.
How do I unfreeze it?
The monthly standing charge goes out the bank monthly and then the bill comes in and is paid by that standard charge. What entires do you have to make on QB to make that happen. I have been entering both and have got into a mess.
I've tried Reports - Sales and customers - Sales by Customer Type Detail and then selected the columns I need but although I get the info I need, the invoice numbers are listed multiple times for each item on each invoice, for example - 4 items on one invoice totally £40 is shown as 4 lines with £10 on each line. The report also includes discounts percentages too which affect the total when I add it ot excel
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Hello, I have an inventory part in QB Enterprise that was mistakenly set to an expense account in the COGS section by another user. How do I correct the COGS account without impacting prior closed periods? I would normally just create a new item and archive this one but we have active PO's with this item and a huge current inventory under that item name that I'm not sure how I would be able to adjust all of it to a "new" item name still being the same product.Thanks!
HiI have paid a supplier through our bank. It is for 2 Oct invoices and a credit. I have previously created a Cheque in the Suppliers account added the invoices and credit then matched the Cheque against the bank transaction. I have clicked on Cheque but it is not showing the October invoices - any help much appreciated??
Can anyone enlighten me as to how I can add an invoice to money coming into my account and get it to show as a + £xxx rather than a deduction?
I have set up a sub account to Trade Creditors, for proforma prepayments. When the bill arrives and I match the payment to the bill, the net effect on the supplier account is correct. However, for the Trial Balance, it shows a balance for the bill under TC and a negative balance in the proforma sub account. I want them to clear both sides. It is misleading and makes no sense. I have read that there is only one default TC account in QBO, but it has allowed me to create a sub account, so why do they not interact and net off on the BS? And yes the 'overall' balance for Trade Creditors on the BS is correct, but when looking at the independent items, they should be showing the correct balances too, and they simply don't.
I have issued an invoice to a customer.they have paid the invoice but have now returned an item, and want a credit note.How do I do this in QB Self Employed?
