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Tag: distribution account

How do you match a deposit to a receipt when the credit card refund is more than the actual deposit

Example: We received a credit card payment from customer A ($334.00) and sent a credit card refund ($1,000.00) to customer B on the same day. This resulted in a net negative deposit ($666.00) from our credit card merchant provider. How to match a refund receipt and a regular receipt in order to properly match the… Continue reading How do you match a deposit to a receipt when the credit card refund is more than the actual deposit

Published August 14, 2016
Categorized as Bank Deposit, Bank Register, Banking, Journal Entry, Refund Receipt, Sales Receipt Tagged credit card merchant, credit card refund, credit refund higher than deposit, distribution account, match credit card refund, match negative deposit, negative merchant deposit, negative merchant sales deposit

How to create Sales by Customer Detail report that only shows one line per item invoiced

Sales by Customer Detail report (screenshot 1) is for both income and COGS for inventory items (screenshot 2). That’s why the report is showing positive and negative numbers. To show one line per item in essence for income only, you will need to customize the report. Click the customize button > Go to Lists section… Continue reading How to create Sales by Customer Detail report that only shows one line per item invoiced

Published February 29, 2016
Categorized as Reports Tagged distribution account, one line per item invoiced, positive and negative item, QBO report, sales by customer detail

How to see daily income in total?

You can customize daily income in total and make this your own customized Flash Report for your business. From the home page screen Left Navigation Bar Reports All Reports Business Overview Profit and Loss Change Transaction Date to “Today” Select Customize button (upper left corner) Change Accounting Method to “Cash Basis” if you just want… Continue reading How to see daily income in total?

Published March 13, 2015
Categorized as Reports Tagged distribution account

I need a report that shows product sales along with product cost so that I can see profit or loss for each product.

See attached screenshot sample report. You can generate this report directly from QuickBooks Online Plus with some customizations. If this is the type of report, you are looking for, you will need to take the following steps: From the home page screen > go to blue navigation bar on the left > select reports >… Continue reading I need a report that shows product sales along with product cost so that I can see profit or loss for each product.

Published October 10, 2014
Categorized as Reports Tagged distribution account, profit loss by class

How to customize an expenses by vendor detail report in new QuickBooks Online?

Run built-in standard Profit and Loss Detail Report and customize it get expenses by vendor. To Profit and Loss Detail Report: From the home page screen Select blue navigation bar on the left Select “Reports” Select Go to report (small magnifying gals icon) and type “Profit and Loss Detail” Select Profit and Loss Detail from… Continue reading How to customize an expenses by vendor detail report in new QuickBooks Online?

Published September 12, 2014
Categorized as Reports Tagged distribution account, vendor detail report

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… Continue reading How to run a cost of sales (COS) report in new QuickBooks Online?

Published August 12, 2014
Categorized as Reports Tagged distribution account

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 &… Continue reading 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?

Published August 5, 2014
Categorized as Reports Tagged audit report, auditing, distribution account

How to create a profit and loss report for selective accounts from our chart of accounts. Can this be done in new QuickBooks Online?

Let’s say in this example, you want to run profit and loss report for only two specific accounts from the chart of accounts: Sales of Product Income and Costs of Goods Yes, you can pull P&L report for those two accounts only in QuickBooks Online. Here’s how to start from the home page screen: Click… Continue reading How to create a profit and loss report for selective accounts from our chart of accounts. Can this be done in new QuickBooks Online?

Published July 9, 2014
Categorized as Reports Tagged Cost Center, distribution account

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… Continue reading How can I run a report that gives me the detailed automobile expenses for this year in new QuickBooks Online?

Published April 7, 2014
Categorized as Reports Tagged distribution account



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