Smarter Numbers, Brighter Future.
Revolutionizing Accounting and Finance with AI.
-
How can I edit the list of recommended matches for a transaction?
You will need to follow exactly the following steps. You will see MATCH green sign under “New Transactions” section (blue navigation bar on the left > transactions > banking) of bank downloaded deposit (Received) column. In your case for $975.00! Step#1 Invoice (create + > customers > invoice) for $1,000 Step#2 Receive Payment (create +…
-
What to do when beginning balance is way off since last bank reconciliation?
There is no simple and easy answer. There may be couple of reasons why the beginning balance could change. 1) Edited or changed transaction amount after reconciliation 2) Deleted transaction amount after reconciliation 3) Changed the “R” status manually from the bank register In other words, prior months financials were restated after the bank reconciliation.…
-
I am a Canadian company, but most of my customers and income is in USD. What to do in new QuickBooks Online?
If you are using the Canadian version of QBO you should have HST and multiple currency feature available. It is not available in the US version of QBO. You will need to set up or edit a customer, on the payment info tab, you indicate US currency. When you enter transactions, QBO will create entry…
-
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 do i reprint paystubs in new QuickBooks Online?
If you need to reprint a pay stub you can do that from the paycheck list. To get to the Paycheck List: 1. Go to the blue navigation bar on the left side, Click on Reports 2. Click on All Reports 3. Click on Manage Payroll 4.Click on Paycheck List 5. Check the boxes of…
-
We have a backup of QB desktop version that we need to restore to QB Online. Tell us how to do it.
Here is a link to instructions on how to convert. http://support.qbo.intuit.com/support/answers.cfm?faq_id=6012 If you do not have QuickBooks installed, you can install your version or get a limited copy here: http://support.qbo.intuit.com/support/answers.cfm?faq_id=4665 Now, if for some reason you cannot do this, or if your file is in 2013 or 2014 version, contact Intuit QuickBooks so they can…
-
Compare merchant credit card processing fees
It is time to compare merchant credit card processing fees again. Announcement today of Amazon’s new “Local Register” payment system, will that have price effect on other merchant processors. Here is the pricing comparison chart: Amazon Local Register Intuit Go Payment
-
We have several refunds and deposits that were grouped together by our merchant account processor and deposited in our bank as a negative deposit amount.
You are right! They do not offer any designated way to record as a negative deposit amount. They missed to recognize it happens in business. Here is my work-around approach for now. You will need to create a new bank account type account. Let’s name the account as “Deposits Clearing” account. For the refunds part,…
-
How to show the profit and loss reports for the past 3 or more years?
It is very easy to run historical financial data in new QuickBooks. From the home page screen Go to the blue navigation bar on the left Select Reports Go to report (magnifying glass) and type Profit and Loss Select “Profit and Loss” from the drop down selection Select “Customize” button Go to “Transaction Date” change…
-
How to run a cost of sales (COS) report in new QuickBooks Online?
There is no standard “COS” report you can run in new QuickBooks. But, you can customize standard P&L report and get the same results. To customize P&L and get COS (referred to Costs of Good Sold in QBO): From the home page screen Go to the blue navigation bar on the left Select Reports Go to report…
-
Can I print check directly from the bank register?
No, you cannot print check directly from the bank register. You can enter as Check type in bank register and then, print the Check from the QBO designated Check form. To do that: Enter transaction as Check type in Bank Register and Save. Highlight or click on the entered transaction, you will see a bar…
-
Is there a way to generate a timesheet / report that I can send to my customer?
You run “TIME ACTIVITIES BY CUSTOMER DETAIL” report for what you need for your customer. There is no way to print Weekly Timesheet in new QuickBooks. To print (or email) TIME ACTIVITIES BY CUSTOMER DETAIL report From the home page screen Go the blue navigation bar on the left Select Reports Go to report (magnifying glass) and…
-
How much does Quickbooks Online charge me for every direct deposit made
Quickbooks Online does not charge you for every direct deposit made. Direct Deposit is included with QBO payroll fee. Quickbooks Online charges a flat fee of $39.00 a month for payroll. This monthly rate includes Free direct deposit Live phone support Pay W-2 employees and file payroll taxes Run unlimited payroll each month Automatically calculate…
-
QBO Apps
-
Survival Guide: Import and Export Limitations of QuickBooks Online QBO
It is highly recommended reading these articles (and more help) if you are converting from or to QBO. Note: This is not a seamless process. Expect too many hurdles to overcome! Import limitations from QuickBooks desktop (QBDT) version to QuickBooks Online (QBO). What doesn’t come over during an import from QuickBooks Desktop – Import Limitations…
-
How do I search for my Invoices by the Customer PO number in new QuickBooks Online?
From the home page screen Select “Search Transactions” icon (magnifying glass, top middle screen) Select “Advanced Search” Search = Invoices Change “Customers” default to “Custom Field” assigned for Customer PO Number (It could be Field 1 or Field 2 or Field 3) Select “Search” button How do I search for my Invoices by the Customer…
-
Can I put myself on payroll as an employee?
Answer entirely depends on on the legal entity type for your business. If you are filing tax return as a sole proprietor, the answer is definitely no since you are not as employee. If the business is a corporation type, then you are an employee and you must be paid reasonable compensation and can be…
-
I have an invoice that will have two items and each item has a different sales tax rate. How do I accomplish this?
Create two separate invoices. Not a good option, but it’s what it is. As you may have already noticed, there is no way to create different sales tax rate setting by items in new QuickBooks.
-
For the purpose of auditing I need to export my entire list of fiscal year expenditures from QB online. What specific report will I run?
For this task, you will need to run the “Profit and Loss Detail and customize the report. GO to blue navigation bar (located on the left) •Select Reports •Go to report and type Profit & Loss Detail (see attached screenshot below for reference) •Select “Profit & Loss Detail” from the drop-down selector •Run Profit &…
-
I like to create Customer Invoice in new QuickBooks Online. But, is it possible to skip tab field from customer to invoice date to product column.
There is no way to change the order that the tab key takes from field to field. You will just need to move tab field manually. To add this new feature request, add your voice here: http://feedback.qbo.intuit.com/