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I need to track revenues and expenses across multiple lines of business. Does QuickBooks Online Plus support profit and cost centers?
You can establish Profit and Cost Centers by enabling Class tracking feature in new QuickBooks Online Plus. To enable Class tracking feature: From the Home page screen Select the Company Gear (top upper corner) Select Company Settings under Settings header Select Company Select/Double Click to enable “Track Classes On” under Categories
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How do I void an outstanding check from a previous period and re-issue a replacement in the current period without having to re-state financial statements?
I understand you are not asking just how to void and re-issue check. Your accounting question which involves few steps in QuickBooks online plus or desktop version for that matter. For this example, let us say you wrote a check, void original check and reissue on 12/16/2013. Vendor: AT&T Date: 9/15/2013 Amount: $100.00 GL Account:…
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How to view all uncleared / uncashed checks in new QuickBooks Online?
To check the status on a check you can run a Check detail report Select the blue navigation bar on the left Select Reports Go to Report (magnifying glass) and type Check Select “Check Detail”from the dropdown selector list This report will provide all issued checks. Once report is open click Customize button (top left…
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Where is the bank register in new QuickBooks Online?
Where is the bank register in new QuickBooks Online? From the Home page screen Go to the blue navigation bar on the left Select Transactions Select Registers Locate the bank account on Registers list Double click the bank account “Find in Register” button (top upper right) “Customize” button column (top left) “Go to Ref #…
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How do I toggle between Voucher Checks and Standard (3 part) Checks in new QuickBooks Online?
From the Home page screen Go to Transactions (left blue navigation bar) Select Print checks Click on Alignment and Setup to change the check type You can do this as often as you need to
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How can I run a report that gives me the detailed automobile expenses for this year in new QuickBooks Online?
Run Transaction Detail by Account and customize the report to show just Automobile Expense account. Select the blue navigation bar on the left Select Reports Go to Report (magnifying glass) and type Transaction Select Transaction Detail by Account from the dropdown selector list This report will show all transaction details by all accounts We will…
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Where can I find recurring transactions in new QuickBooks Online?
From the Home page screen Select Company Gear (top upper corner) Select Recurring Transactions under Tools header They have three template types of recurring transactions: Scheduled Reminder Unscheduled You can also create new recurring transactions from here by clicking NEW button. They have the following interval to set up: Daily Weekly Monthly Yearly You can…
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Where to enter credit for returned items or purchases in new QuickBooks Online?
(1) Try “Vendor Credit” form (from create “+” sign > Vendor Credit under Vendors header) If you are using “Enter Bill” form to enter vendor bill and returning to the same vendor, you could use Vendor Credit form. It will show negative Vendor balance. (2) For returning credit for Credit Card purchases > use Credit…
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How do i change the quantity to hours on description section of the Invoice in new QuickBooks Online?
In new QBO, open the Invoice form Click “Customize” button (located at bottom middle) Add personality to your forms will open Select Columns Under Quantity and Rate column, change Quantity to Hours Save See screenshot photo for reference
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How do you set up the bank account in QBO? I want to manually type the entries into QBO.
From the Home page screen Select the Company Gear (top upper corner) Select “Chart of Accounts” under Settings header Select “New” button New Account screen will open Category Type = Bank Detail Type = Bank account type (like checking or savings) Name = Name of the Bank Description = Same as name (with acct number…
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I would like to stop importing data from a bank account. How do you disconnect a bank account (or a credit card account) added into online banking?
In new QuickBooks Online, disconnecting an account isn’t exactly in an obvious spot. To disconnect an account from online banking, we’re going to want to start in the upper right by clicking the little company gear, and then choose Chart of Accounts under settings. We’re going to click the connected account (you can tell it’s…
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How to print my bank deposit slip if payment method type is credit card? I am receiving an error message that my payment type cannot be credit card.
In order to print a deposit slip with a payment type credit card we need to check your payment list settings and make a small change. From the Home page screen Go to the company Gear and select “All List “then select “Payment Methods.” Select the payment method that is part of your deposit slip…
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In Peachtree I enter receipts from cash I received into two different accounts. Depending whether is rental payment or security deposit. Now, how do I create cash accounts in QB?
In newQBO, you will need to create new accounts setup in Chart of Accounts: Cash Account (Bank Type) Rental Payment (Income Type) Security Deposit (Other Current Liabilities Type) (From Company Gear, top upper corner > select Chart of Accounts under Settings header) Also, if you are creating Sales Receipt, you will need to Product/Service Item…
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How can I undo the previous bank reconciliations in new QuickBooks Online?
QuickBooks Online doesn’t have an Undo Last Reconciliation feature. To unreconcile a reconciliation you’ll need to unreconcile each transaction via the register. To access and print a previous reconciliation report: From the gear icon go to Reconcile. Choose the account from the drop-down list. Click on the desired reconciliation report. Once the report is open,…
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Where to add payments settings if I have already been approved for Merchant Services in new QuickBooks Online?
Select the Company Gear (located top upper corner) Select “Company Settings” under Settings header Select “Payments” under Settings” Select “Existing Accounts:” under Payments Click “Connect” button New Intuit login screen will open (see screenshot photo below) Sign in and follow the instructions For accepting QuickBooks Merchant Online Payment feature, select QuickBooks payment learn more button…
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In Chart of Accounts I do not see any that’s fit for R&D. Which account detail type do I enter our R&D expenses in new QuickBooks Online?
It requires that R&D generally be expensed as incurred now. So, in QBO, it should be considered an Overhead Expense, not a Direct Cost or COGS. How to set up R&D as Overhead (O/H) in QuickBooks Online? Figure out the main primary operating costs for R&D and categorize expense types. In the QBO Chart of…
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How do I enter historical expenses (already paid for) for 2013 to get started in new Quickbooks Online?
In order to enter historical expenses, stay with these two specific forms: Click “+” plus icon > select “Expense” under Vendors menu Click “+” plus icon > select “Check” under Vendors menu Expense Form: You can use this form to enter Debit card, ATM Card, EFT, Wire transfer or any banking related withdrawals or charges…
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Can I pay sub-contractors as vendors, prepare and print 1099s at the year in new QuickBooks Online Plus?
The answer is yes, if you have QuickBooks Online Plus. This feature is not available in QuickBooks Essentials and QuickBooks Simple Start, so you need to upgrade to Plus level subscription. How to setup sub-contractor as 1099 Vendor? From the Home page screen Go the the blue Navigation bar on the left Select Vendors center Select…
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How to turn on time tracking in new QuickBooks Online?
From the Home page screen Click Company “Gear” (located at upper right hand corner) Select “Company Settings” under Settings header Select “Time Tracking” under Advanced header Save Where do i go to enter time? From home page screen, click “+” sign (top middle) Select “Single Time Activity” under Employees header Or Select “Weekly Timesheet under Employees header