How I can generate a 1099 summary report for non-employee compensation in QuickBooks Online Plus?

There is no built-in 1099 related summary report for non-employee compensation at this time Here is how you can get that information. Go to prepare 1099-MISC forms screen (blue navigation bar > vendors > prepare 1099s button (right corner) > “Follow the steps to prepare 1099-MISC forms” screen > Choose “Print using purchased forms” link […]

Where & how do I enter new W-9 information for sub-contractors in new QuickBooks Online?

Partial information from W-9 goes to Vendor Information screen. You need PLUS level subscription. Most important info is to enter tax ID and “track payments for 1099” checkbox. There is no way to actually attach actual W-9 form at this time. If you feel this feature should be added to future revision, please make your voice […]

I returned items that were ordered for customer job and charged to my bank debit card. They will be refunded back to my bank debit card. How do I enter this credit into QBO back to customer job?

It is kind of hard of believe they do not have designated “Debit Card Credit Form” (or Expense Credit Form), just like one they have for Credit Card Credit Form. I am not excited to give this way-around approach, but it will work especially recording credit for customer job related return. #1 create new credit card […]

Where & how do I enter new W-9 information for sub-contractors in new QuickBooks Online?

Partial information from W-9 goes to Vendor Information screen. Most important info is to enter tax ID and “track payments for 1099” checkbox. There is no way to actually attach actual W-9 form at this time. If you feel this feature should be added to future revision, please make your voice heard by sending your […]

What happened to the “Items” tab when I enter bills?

If you see “Bill” form with account only and there is no  “Item Details tab” separately,  it usually means “Show Items table on expense” setting is turned off. In order enable Show Items table on expense and purchase forms: From the home page screen Select the Company Gear (upper right corner) Select Settings Select Company Settings […]

How should I really enter refund by a Vendor in new QuickBooks Online?

I followed the refund by a vendor. I entered as a deposit. But then it does not show in the vendor’s transaction listing. How should I really enter this type of transaction? At this point, they do not have have any designated way to record this transaction. It is just work-around approach to show in […]

How do I apply a specific vendor credit when paying vendor bills? We have several vendor credits against this vendor.

Do not use “Paying Bills” feature when you want apply a specific vendor credit. It seems there is even a design flaws on “Paying Bills” feature when it comes applying a specific vendor credit when you’ve multiple vendor credits in Vendor’s account. Credit column provides no ability to select specific reference to available vendor credit. Alternative […]

How to set up vendor payment term where all bills are due month-end of the following month? For example, April vendor bills are due on 31st of May.

To setup “Term” in new QuickBooks Online: From the homepage screen Select the Company Gear (upper-corner) Select “All Lists” under Lists heading Select “Terms” Select “New” button New Term screen will open Name = Due following month end (or name as needed) Select “Due following month end” Enter “31” day of month Under Due the […]

How to post payment against a vendor before invoice received?

If you are trying to post payment by CHECK against a vendor/supplier before invoice received, see this will work for you. From the home page screen Select Create “+” sign (upper-middle) Select Check form under Vendors Select Vendor/Supplier and provide other information Select Account = Account Payable Under Account Details header Save This will leave […]

How do I add a credit for a vendor (supplier) without any open bills? I also like to see this credit in Vendor’s Center.

It involves three steps process. Step # 1 Issue Vendor Credit (+ sign > Vendor Credit under Vendors) Make sure to use the same account originally used Step # 2 Deposit refund to the bank (+ sign > Bank Deposit under Other) Received From = Vendor’s Name Account = Accounts Payable (A/P) Step # 3 […]