Balance

Balance Online Support >

Balance: I’m trying to adjust the opening balance for GST remittances – we started using desktop as of Jan 1 2019 but have a balance owing from 2018

If the amount ‘owing’ […]

Resolution for 'Balance issue: 'I’m trying to adjust the opening balance for GST remittances – we started using desktop as of Jan 1 2019 but have a balance owing from 2018' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'I’m trying to adjust the opening balance for GST remittances – we started using desktop as of Jan 1 2019 but have a balance owing from 2018', click the link below:

Details

Balance: Verify Failure; Verify Employee YTD Bal : ytd out of balance. Name =

I can help you resolve the data issue in your QuickBooks.

 

The Verify result shows that John Doe’s YTD is out of balance. You’ll have to go to your employee’s profile and look for the transaction with Reference number 3009. If necessary, you have to delete and recreate that transaction.

 

If you need […]

Resolution for 'Balance issue: 'Verify Failure; Verify Employee YTD Bal : ytd out of balance. Name =' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'Verify Failure; Verify Employee YTD Bal : ytd out of balance. Name =', click the link below:

Details

Balance: How do I get the running balance to show in my register?

If the running balance is not showing or showing N/A, it’s because it’s being sorted by something OTHER than date.  Click on the Date column so it has the arrow on top of it and you should get your running balance back.

 

Also make sure […]

Resolution for 'Balance issue: 'How do I get the running balance to show in my register?' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'How do I get the running balance to show in my register?', click the link below:

Details

Balance: How to correct type of transaction in register

You are right to Avoid JE for most everything in QB.

 

This isn’t really a big issue at all: “If I delete the transaction, it will affect my reconciled month.”

 

Here is how you manage this bit of Housekeeping:

 

Make the replacement entry, so you confirm it looks right. Then, Delete the JE. […]

Resolution for 'Balance issue: 'How to correct type of transaction in register' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'How to correct type of transaction in register', click the link below:

Details

Balance: We’re setup as cash.When we run payroll,the employee taxes go to liabilities,but the employer portion is hitting the p&l,even though we have not paid it.can I fix this

This can be a rather difficult topic to get your head around:

 

As with standard bank checks, everything on the check is a cash-basis event.

 

All of the expenses associated with a paycheck are recognized as of the check date.  Similarly all of the liabilities are recognized, whether company or employee ‘paid’.  […]

Resolution for 'Balance issue: 'We’re setup as cash.When we run payroll,the employee taxes go to liabilities,but the employer portion is hitting the p&l,even though we have not paid it.can I fix this' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'We’re setup as cash.When we run payroll,the employee taxes go to liabilities,but the employer portion is hitting the p&l,even though we have not paid it.can I fix this', click the link below:

Details

Balance: Recording a security deposit

“there is a bank option that holds money in trust, which is a contra asset”

The Trust Bank is a Bank type = an Asset. The Liability account is a Liability type. Neither is “contra-” in function or balance.

 

No matter which QB product you are using, it is best to understand […]

Resolution for 'Balance issue: 'Recording a security deposit' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'Recording a security deposit', click the link below:

Details

Balance: How do I account for invoice payment in the form of multiple checks covering a customer’s remaining balance across multiple projects (checks dont match invoices)?

Let’s say the balance on the invoice for Project A is $500, and the balance on Project B’s invoice is $750. The customer sends me two checks, one for $300, and one for $950. Let’s also say I have received and deposited these two checks on two different days. If I receive […]

Resolution for 'Balance issue: 'How do I account for invoice payment in the form of multiple checks covering a customer’s remaining balance across multiple projects (checks dont match invoices)?' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'How do I account for invoice payment in the form of multiple checks covering a customer’s remaining balance across multiple projects (checks dont match invoices)?', click the link below:

Details

Balance: How to create opening balance for a liabilities account

The things you mentioned above are entirely correct. And I commend you for doing a great job.

 

We can create a journal entry for the Client Deposits liability account’s opening balance. Let me show you how:

 

1. At the top menu, click the Create menu (+) and select Journal Entry.

2. Enter the […]

Resolution for 'Balance issue: 'How to create opening balance for a liabilities account' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'How to create opening balance for a liabilities account', click the link below:

Details

Balance: Transferring credit from one customer to another

You are right you would use a Journal for this transaction. What you would do is debit the debtors account against the sub customer then credit the account against the customer you want to move the balance too. I would advise checking this with your accountant ti ensure this would […]

Resolution for 'Balance issue: 'Transferring credit from one customer to another' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'Transferring credit from one customer to another', click the link below:

Details

Balance: Quickbooks is missing (after reconcile) bank transactions between 6/1/18 and 10/15/18. I have tried all troubleshooting and need help.

“Reconcile” means to reconcile the book balance to the monthly bank statement balance, an exercise that is done once per month. Obviously if transactions are missing then the book balance is wrong, so you can’t reconcile it to the monthly bank statement.  When you say “after reconcile”, you must mean posting from Banking>For Review; that […]

Resolution for 'Balance issue: 'Quickbooks is missing (after reconcile) bank transactions between 6/1/18 and 10/15/18. I have tried all troubleshooting and need help.' available: Yes.

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

For more information about resolving issues related to Balance in Quickbooks/QBO or to get support for the issue 'Quickbooks is missing (after reconcile) bank transactions between 6/1/18 and 10/15/18. I have tried all troubleshooting and need help.', click the link below:

Details