NEWQBO.COM – NOT AFFILIATED WITH INTUIT QUICKBOOKS

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  • How do I re-sort the Chart of Accounts in new QuickBooks Online?

    Chart of Accounts is currently designed to sort account names in alphabetical order only. There is no way to resort your accounts the way you want it at this time. It is numerical order if using account numbers instead of name. I like to see the following improvements on Chart of Accounts: Ability to drag […]

  • Can you convert QuickBooks Online (QBO) version to QuickBooks desktop (QBDT) version?

    You can, but it comes all kinds of hurdles. It is not recommended at this time. If you have to, please read these two articles. Convert QuickBooks Online company file to QuickBooks desktop Export limitations If you read the following instructions, it’s clear they have not made new improvements in this area for few years […]

  • What is the difference in Quickbooks Online (QBO) and Quickbooks in the Cloud? Where is the information stored?

    QuickBooks Online is Intuit’s web based accounting software application. You subscribe to it and make payments to Intuit. Login in and use the application from the internet browser like Chrome, Firefox and IE. Chrome browser works better for this application. They offer three product plans and the price vary starting from $13 to $40 per […]

  • Where do I find the amount of sales taxes due in new QuickBooks Online?

    From the home page screen Go to blue navigation bar on the left Select Sales Tax tab Sales Tax Center Record Tax Payment button under Sales Tax Owed heading Make sure tax period ending is correct. Also, fill notes filed with resales certificate number. QuickBooks Online: Where do I find the amount of sales taxes […]

  • How do I customize my Invoice in new QuickBooks Online?

    Where is my Customize Data Layout like features in new QuickBooks Online? Two ways of navigating on invoice customization features in new QuickBooks Online: 1. From the home page screen > company gear (upper right corner) > Settings > Company Settings > Sales > Customize > Select “Customize look and feel” blue button 2. From […]

  • Closing the books feature in new QuickBooks Online

     In new QuickBooks Online, they have feature called Closing the Books. The main purpose of officially closing the books is to protect transactions in previous periods from being changed. This is done by setting up and requiring a password to edit transactions past a particular date. Both Master and Company Administrators can set the closing date and password: […]

  • How to delete posted transaction to Inventory Shrinkage (COGS) account in new QuickBooks Online?

    From the home page screen Go the Company “Gear” upper right corner Select the Chart of Accounts under Settings heading Select “Inventory Asset” account Double click “ Inventory Asset” and the Asset Register for Inventory Asset will open Locate “Inventory Qty Adjust” posted to “Inventory Shrinkage” account to delete Double click the transaction line and […]

  • How do I apply credit to an Invoice in new QuickBooks Online?

    Create “Credit Memo” (Create “+” sign > select Credit Memo under Customers heading) Go to Receive Payment (Create “+” sign > select Receive Payment under Customers heading) You will notice Outstanding Invoices (Transactions) as well as available Credits. Select Invoice and Credit, match with amount received. Customers / Clients: How do I apply credit to […]

  • In QB Online Plus can you run a trial balance by class?

    Currently, there is no standard built-in Trial Balance by Class Report in QuickBooks Online. There is no way to customize from existing Trial Balance report. You can run the Balance Sheet by Class (less Net Income line) and Profit and Loss by Class. Export it to Excel and merge it together. That combined adjusted numbers […]