Can I make a copy of a budget in new QuickBooks Online?

You can “copy from an existing budget” to create new budget. From the company gear (upper right hand corner) > Tools > Budgeting > select “New Budget” blue button (top right) It will take to mini-interview screens. Page 2 of 4 mini-screen page will give you selection to choose “copy from and existing budget” drop-down […]

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 […]

How do I change the accounting method for my company in new QuickBooks Online?

Accounting methods Cash basis and accrual basis are accounting methods that determine when and how you report income and expenses for tax purposes. The IRS wants you to use the same method each year when reporting income or loss. You should talk to your accountant about which is most appropriate for your business. What is […]

I don’t see any data when I run sales tax report. I list non taxable and taxable sales when I deposit sales

In order to get total sales and taxable sales with sales tax collected, you will need to run a “Sales by Customer Detail” report. This stand-alone report will not give you all the information you need to file the Sales Tax Return. You will need to further customize it to work-around. To do this, you […]

How to run previous months (not last reconciled) bank reconciliation reports in new QuickBooks Online?

This new QBO is very unfriendly on navigating previous months (not last reconciliation) bank reconciliation report. You can get it, although it’s hidden. It just takes one extra step to run this report. From the home page screen Select blue navigation bar on the left Select Reports Type in “Reconciliation Reports” in the search box (Gor […]

How to run customized Sales Report by Sales Rep in new QuickBooks Online?

There is no built-in business report available by Sales Rep in new QBO at this time. By using available custom field on the sales forms (invoice and sales receipt), you can easily get the information by selecting and customizing standard built-in “SALES BY CUSTOMER SUMMARY” report. This quick and easy tutorial video shows you how […]

How to get a Balance Sheet Detail report that can be printed as one report in new QuickBooks Online?

Although there is no standard “Balance Sheet Detail” report in new QuickBooks Online, you can run and customize the “General Ledger” report which should reflect exactly like the “Balance Sheet Detail” report if there’s one such standard report. To run this report, from the home page screen Go to blue navigation bar on the left […]

How can I run a report that shows total income and total expenses for a specific customer (client) in the new QuickBooks Online?

Run Profit and Loss report and customize by customer. GO to blue navigation bar (located on the left) Select Reports Go to report and type Profit & Loss Select “Profit & Loss” from the drop-down selector Run Profit & Loss report (for the wanted transaction date) Click Customize button Click Lists Select “Customer” from the […]

How do you run a Budget vs Actual P&L report in new QuickBooks Online?

Budget Reports Budget vs. Actuals is a standard report in new QuickBooks Online. Once you have entered budget in QBO, you can run the following two reports: Budget Overview Budget vs. Actuals To run this report: From the home page screen Go to blue navigation bar on the left Select Reports Select “Go to report” […]