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accounting advice: Discounts with payment enter quickbooks online

Allow me to step in and add some information about adding discounts to past invoices in QuickBooks Online.

 

If you’re applying discounts to old invoices, you can use credit memo and apply it as a payment. You can follow AdrianRose_A’s steps to get your work done.

 

Currently, QBO does not have an automated discount […]

Resolution for 'accounting advice issue: 'Discounts with payment enter quickbooks online' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

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accounting advice: I received in March the list of JE adj for 2017 (about 20). What should I do with it? I have made the reconciliation as of Dec 31, 2017.

I’m here to help you with the list of Journal Entry adjustment.

You’ll have to record the adjustments in QuickBooks to correct the fiscal year balances.

Since you’ll be adding new transactions to a reconciled period, you might need to do a mini-reconciliation.

As always, we suggest conferring with your […]

Resolution for 'accounting advice issue: 'I received in March the list of JE adj for 2017 (about 20). What should I do with it? I have made the reconciliation as of Dec 31, 2017.' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

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accounting advice: I make many payments from my personal account but need to track them as in my loan account. How do I do this?

One solution might be to create a bank account named something like “Payments made by S/H” and record the bill payments from that account.  You would end up with a negative balance bank account that you could make a transfer to periodically from a current liability type account […]

Resolution for 'accounting advice issue: 'I make many payments from my personal account but need to track them as in my loan account. How do I do this?' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

For more information about resolving issues related to accounting advice in Quickbooks/QBO or to get support for the issue 'I make many payments from my personal account but need to track them as in my loan account. How do I do this?', click the link below:

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accounting advice: How do I enter long-term loans I recieved years ago but need to pay back (with interest) now?

The problem is that the funds from the loan you received long ago are already accounted for in the current balances in your accounts.

You should get with a tax accountant on this one for a final decision, but I think, think is the issue here – see an accountant

I would […]

Resolution for 'accounting advice issue: 'How do I enter long-term loans I recieved years ago but need to pay back (with interest) now?' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

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accounting advice: COGS vs Supplies ?

“How about nails or silicone that i use in every jobs? Should I record as “Supplies” expense account?”

Yes, that is fine for things you use up quickly on lots of different jobs and don’t need nor intend to Job Track.

COGS really IS an expense; it is considered Direct […]

Resolution for 'accounting advice issue: 'COGS vs Supplies ?' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

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accounting advice: I have a check with no number dated 1/27/15 that has never cleared the bank. I voided it, as it was a double entry. Now my balance sheet is off starting in Jan. Fix?

The issue is the bank account balance in QB, does it match the real bank account balance?  You should be doing monthly reconciliations, are you?

Resolution for 'accounting advice issue: 'I have a check with no number dated 1/27/15 that has never cleared the bank. I voided it, as it was a double entry. Now my balance sheet is off starting in Jan. Fix?' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

For more information about resolving issues related to accounting advice in Quickbooks/QBO or to get support for the issue 'I have a check with no number dated 1/27/15 that has never cleared the bank. I voided it, as it was a double entry. Now my balance sheet is off starting in Jan. Fix?', click the link below:

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accounting advice: Void a check from a previous fiscal year without changing year end balances

Generally, voiding or deleting a transaction from previous fiscal year without making any changes could not be done. Even creating a journal entry to this transaction affect the previous balance. I recommend to consult an accountant before making any changes on your QuickBooks Online.

Resolution for 'accounting advice issue: 'Void a check from a previous fiscal year without changing year end balances' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

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accounting advice: How do I enter a reimbursement from an employee for an expense paid by the company? It isn’t really a “Receipt” or “Receive Payment”

You will use the “Bank Deposit” form in QBO. The screen looks very similar to the desktop. Entry is also the same.

From the home page screen > create + sign > other > bank deposit.

See attached screenshot for reference.

Resolution for 'accounting advice issue: 'How do I enter a reimbursement from an employee for an expense paid by the company? It isn’t really a “Receipt” or “Receive Payment”' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

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accounting advice: Self employed cosmetologist. I use QB for basic bookkeeping of service sales. I will now be selling salon products. Need simplest way to manage products I buy then sell.

There are two ways to do periodic inventory, choose one and stick with it, you can not mix and match

1. Create an asset account called purchases and post all purchases of item for resale to that account.  Periodically, weekly, monthly, etc value the inventory on hand, subtract that value from […]

Resolution for 'accounting advice issue: 'Self employed cosmetologist. I use QB for basic bookkeeping of service sales. I will now be selling salon products. Need simplest way to manage products I buy then sell.' available: Yes.

The accounting advice issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting advice issue yourself by looking for a resolution described in the article. If it is a complex accounting advice issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting advice support options.

For more information about resolving issues related to accounting advice in Quickbooks/QBO or to get support for the issue 'Self employed cosmetologist. I use QB for basic bookkeeping of service sales. I will now be selling salon products. Need simplest way to manage products I buy then sell.', click the link below:

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