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How do I record a refund to a customer in new QuickBooks Online?
If you have credit balance in customer’s account (A/R) and need to refund customer by payment (by check or by online), you should be using Check or Expense under Vendors header, not Refund Receipt form which works differently. From home page screen, click “+1” sign Select check (or expense if you paying online) under Vendors…
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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…
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Can you run Profit and Loss per Customer Invoice in new QuickBooks Online?
t would be really nice if you can get PnL by invoice or Pnl by product item. At this time, new QuickBooks Online Plus can not provide with such financial report. No such reports are available even though certain cost exist data may already in the QBO file. If you are selling inventory items and…
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Does QBO Plus have memorized transaction groups?
Does QBO Plus have memorized transaction groups? I would like to organize my memorized transactions using a Group like I did in the desktop version. That would be really nice feature to have it in QBO. Unfortunately, QBO does not have that feature yet.
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How to import Chart of Accounts in new QuickBooks Online?
Here are the steps needed to import the Chart of Accounts: From the gear icon go to Import Data and choose Chart of Accounts. Read the checklist before importing and make sure your file fits the requirements for import (must be a .csv or Excel file format and must have Account Type and Name fields). I recommend downloading this sample…
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How to import transactions from Square in new QBO?
Go the home page screen From blue navigation bar on the left select Transactions Select Sales Select Import Transactions (top upper corner) Select Square (from drop down) Follow the instructions
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How to change an existing user, set up as an accountant, to a regular user in new QuickBooks Online?
To delete the existing Accountant user: From the Company Gear icon (top upper corner) go to “Manage Users” under Your Company heading Highlight the Accountant user under Accounting Firms and click Delete Once deleted, click New and add the person one more time
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How to enter credit card charges and make payment to credit card company in new QuickBooks Online?
If Credit Card account is not already set-up, you will need to create a new credit card account added to your Chart of Accounts. From the homepage screen, choose the Company Gear (located top upper right corner) Select Chart of Accounts under Settings Click “New” button Category Type = Credit Card Detail Type = Credit…
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How can I search for transactions in new QuickBooks Online?
From the home page screen, click on the magnifying glass at the top middle of the page and choose “advanced search” You can search/find the following transactions: Bill Payments Billable Expense Charges Bills Charges Checks Credit Card Credits Credit Memos Credits Estimates Expenses Invoices Journal Entries Payments from Customers Purchase Orders Refunds Sales Receipts Sales…
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Customer Refund not zeroing out account
If you have credit balance in customer’s account (A/R) and need to refund customer by payment (by check or by online), you should be using Check or Expense under Vendors header, not Refund Receipt form which works differently. From home page screen, click “+1” sign Select check (or expense if you paying online) under Vendors…
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How to setup inventory in new QuickBooks Online Plus?
This inventory tracking/COGS features are available in QuickBooks Online PLUS. It is not available in QuickBooks Online Essentials or Simple Start. Make sure Inventory setup is enabled under preferences settings. From the company gear (from upper right corner), select company settings Select Products and Services Check Quantity/Price Rate and Quantity on Hand (Inventory Tracking) See…