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Assets: what would be impact on accounting equation / Balance sheet when long term liability paid against assets

no change to the bottom line

in order to pay the liability, you lower cash an equal amount

 

Resolution for 'Assets issue: 'what would be impact on accounting equation / Balance sheet when long term liability paid against assets' available: Yes.

The Assets 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 Assets issue yourself by looking for a resolution described in the article. If it is a complex Assets issue or you are unable to solve the issue, you may contact us by clicking here or by using other Assets support options.

For more information about resolving issues related to Assets in Quickbooks/QBO or to get support for the issue 'what would be impact on accounting equation / Balance sheet when long term liability paid against assets', click the link below:

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Assets: I want to start reconciling for 2017 without doing 2016. How can I hide 2016 when doing a reconciliation report? If N/A, how can I do a mass delete of items? Thank you!

You can not mass delete anything.  In point of fact, nothing that has been used in a transaction can be deleted at all, it just gets marked inactive to get it off some lists.  You can bring up, one by one, each and every transaction for 2016 and delete them […]

Resolution for 'Assets issue: 'I want to start reconciling for 2017 without doing 2016. How can I hide 2016 when doing a reconciliation report? If N/A, how can I do a mass delete of items? Thank you!' available: Yes.

The Assets 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 Assets issue yourself by looking for a resolution described in the article. If it is a complex Assets issue or you are unable to solve the issue, you may contact us by clicking here or by using other Assets support options.

For more information about resolving issues related to Assets in Quickbooks/QBO or to get support for the issue 'I want to start reconciling for 2017 without doing 2016. How can I hide 2016 when doing a reconciliation report? If N/A, how can I do a mass delete of items? Thank you!', click the link below:

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Assets: I have QB 2016. How do you create the balance sheet to be sorted by type, then account number? (i.e. type woud be Bank, Other Assets, Liabilities, Equity, etc)

It already does this.

Open the Chart of Accounts and use View menu > Re-Sort List. If you added a lot of accounts, this will put it into “original” sequence, which is what you asked.

This is a Basic List Management task. When the report doesn’t make sense, the underlying List needs […]

Resolution for 'Assets issue: 'I have QB 2016. How do you create the balance sheet to be sorted by type, then account number? (i.e. type woud be Bank, Other Assets, Liabilities, Equity, etc)' available: Yes.

The Assets 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 Assets issue yourself by looking for a resolution described in the article. If it is a complex Assets issue or you are unable to solve the issue, you may contact us by clicking here or by using other Assets support options.

For more information about resolving issues related to Assets in Quickbooks/QBO or to get support for the issue 'I have QB 2016. How do you create the balance sheet to be sorted by type, then account number? (i.e. type woud be Bank, Other Assets, Liabilities, Equity, etc)', click the link below:

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Assets: I have a new client who files as an S corporation and currently uses QBO account for sending out invoices and a few transactions (he has never reconciled his account).

“I guess what I mean is opening balances for the assets, liabilities, and owner’s equity accounts.”

Get a Trial Balance from the CPA; they filed the taxes, so they have this data.

Or, get the existing data file on track, to those same Targets.

Resolution for 'Assets issue: 'I have a new client who files as an S corporation and currently uses QBO account for sending out invoices and a few transactions (he has never reconciled his account).' available: Yes.

The Assets 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 Assets issue yourself by looking for a resolution described in the article. If it is a complex Assets issue or you are unable to solve the issue, you may contact us by clicking here or by using other Assets support options.

For more information about resolving issues related to Assets in Quickbooks/QBO or to get support for the issue 'I have a new client who files as an S corporation and currently uses QBO account for sending out invoices and a few transactions (he has never reconciled his account).', click the link below:

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Assets: I need to enter bills for 2015 in QB so how do I start a new fiscal year apart from 2016

Entering historical entries is an issue.  QB does not have a non-posting historical entry function.

So any entry dated before your current opening balances/transactions, DOES affect the current balance for balance sheet type accounts (assets, liabilities, equity)

Best suggestion is to not try to enter historical entries in QBO if you have […]

Resolution for 'Assets issue: 'I need to enter bills for 2015 in QB so how do I start a new fiscal year apart from 2016' available: Yes.

The Assets 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 Assets issue yourself by looking for a resolution described in the article. If it is a complex Assets issue or you are unable to solve the issue, you may contact us by clicking here or by using other Assets support options.

For more information about resolving issues related to Assets in Quickbooks/QBO or to get support for the issue 'I need to enter bills for 2015 in QB so how do I start a new fiscal year apart from 2016', click the link below:

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Assets: how do I pull a report that shows the value of my product on hand?

Go to Reports and run a Balance Sheet — it will show the total for inventory and all other assets, liability and equity.

Resolution for 'Assets issue: 'how do I pull a report that shows the value of my product on hand?' available: Yes.

The Assets 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 Assets issue yourself by looking for a resolution described in the article. If it is a complex Assets issue or you are unable to solve the issue, you may contact us by clicking here or by using other Assets support options.

For more information about resolving issues related to Assets in Quickbooks/QBO or to get support for the issue 'how do I pull a report that shows the value of my product on hand?', click the link below:

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Assets: Why does the Vendor Balance Detail Report have “Due to WSS” under Account column instead of “rent” for the first bill, “utilities” for the next and so on?

First, this is an AP report, not the details such as Rent and Utilities. You likely have more than one AP account. Open the Chart of Accounts and look at the bottom, to make sure Include Inactive, if that is Bold, should have a checkmark by it. Then, on the […]

Resolution for 'Assets issue: 'Why does the Vendor Balance Detail Report have “Due to WSS” under Account column instead of “rent” for the first bill, “utilities” for the next and so on?' available: Yes.

The Assets 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 Assets issue yourself by looking for a resolution described in the article. If it is a complex Assets issue or you are unable to solve the issue, you may contact us by clicking here or by using other Assets support options.

For more information about resolving issues related to Assets in Quickbooks/QBO or to get support for the issue 'Why does the Vendor Balance Detail Report have “Due to WSS” under Account column instead of “rent” for the first bill, “utilities” for the next and so on?', click the link below:

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