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How to add Inventory in new QuickBooks Online Plus?
In current QuickBooks Online, inventory accounting features are very limited. Inventory feature is available in QuickBooks Online Plus only. Inventory feature is not available in QBO Essentials or Simple Start. To turn on Inventory tracking feature: Click on the Company Gear on the upper right hand corner and select Company Settings Click on the Sales […]
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How to bring back a deleted Customer (Client) in new QuickBooks Online?
Click on Customers Center ( or Clients) on the left to get to the list. Over to the right of the list there is a grey gear icon (Settings). It is next to Print List and Export to Excel) Don’t confuse this with the blue gear icon on top. Place a check mark in the […]
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How long does it take to show up after I have imported my company file from QuickBooks desktop (QBDT) into new Quickbooks Online (QBO)?
There are two ways to import QuickBooks company file from desktop to QuickBooks Online. Of course, if your company file is very large, it will take longer than a very small company file, so keep that in mind. If you chose the option in your QuickBooks desktop under the Company menu for Export Company File to QuickBooks Online, […]
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How do you put your QuickBooks Online onto a flash drive?
That’s a really great question! While you can absolutely make a copy of your QuickBooks Online data and store that copy on a flash drive, there are a few limitations that I’d like to go over with you first. That copy of the data is intended for your own peace of mind. You will not […]
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Capital Expenditure Issues?
We are building an IT platform with custom software, the costs of which can be considered capex (capital expenditure) and capitalised on the balance sheet as an asset but I cannot see which account in QBO to do this? It’s generally part of Fixed Assets Category Type. Click Company Gear > select Chart of Account […]
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How do I bill an out-of-pocket cash expense to my client/customer?
Just open a new bank account type and call it Cash account. Use this account for all cash related expenses. Add to Cash account, if you are making cash withdrawals from main checking account. You will have running Petty Cash account. In fact, it will be more accurate accounting if you have cash withdrawals and […]
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How to display Discount field after Subtotal on an Invoice in new QuickBooks Online Plus?
In QBO, you can show discount (percent or $ value) after subtotal. See attached screenshot photo 1 for reference. You will need to change discount setting on under Sales form content. See attached screenshot photo 2 for reference. From the homepage screen, go the company gear (located top upper corner) Select Company Settings Select Sales […]
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How to refund to customer remaining balance of a credit memo in the form of a check to customer?
In order to refund customer by check, from the home page screen, go to plus (+) sign Select “Check” under Vendors heading Payee = Customer’s Name from the list (that you are writing check payable to) ACCOUNT = Accounts Receivable (A/R) AMOUNT = Refund check amount SAVE Go back Customer center (blue navigation bar on […]
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How to make quantity on hand inventory adjustment and how would that affect P&L in new QuickBooks Online?
How to make quantity on hand inventory adjustment in new QBO? From the homepage screen, go the Company Gear Select Products and Services under Lists heading Locate and double click on the product need adjustment Click Update button Enter NEW quantity on hand Tab It will automatically show the difference (plus or minus) That’s it! […]
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How many reports are currently available in new QuickBooks Online? How to check reports?
From the home page screen Go to blue navigation bar on the left Select Reports Select “Go to report” (spyglass) These are standard reports currently available in new QuickBooks Online Plus? A/P AGING DETAIL A/P AGING SUMMARY A/R AGING DETAIL A/R AGING SUMMARY ACCOUNT LISTING Audit Log BALANCE SHEET BALANCE SHEET SUMMARY BILL PAYMENT LIST […]