Banking & Currency

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I think the reason why your guide doesn't seem to make a lot of sense to me is that I'm actually on the Canadian platform of QuickBooks Desktop Pro.  It was just pointed out to me on another topic that I'm positing on the US board.  For example, I don't see a "Send items to your bank" section.  I only see the attached...  LauraAB was kind enough to help me out on my other post.  Maybe she can also assist me here?  She's shown me how to get to the Canadian site for all future posts.   Thank you kindly. 

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I have two chequing accounts at my bank, one in CAD and one in USD. I frequently transfer funds from the USD account to the CAD account at the bank's exchange rate. QBO detects the transfer and sets the exchange rate based on the value withdrawn from the USD account and the value deposited to the CAD account. However, this exchange rate does not consider that the bank's exchange rate is substantially different from the official inter-bank exchange rate (as defined by the Bank of Canada). For example, if I move $1000 USD from the USD account to the CAD account, the bank might give me an exchange rate of 1.271 and deposit $1271 into the CAD account. The official rate, though, is more like 1.276, meaning that my $1000 USD was worth $1276 CAD, but the difference ($5) went to the bank as their "fee" for doing the exchange. I'd like a way to track that $5 difference as an "exchange loss", since it's a loss in value that I should be able to write off as an expense. How can I do

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Hey guys, fairly new to QB. I have a bank account that has an incorrect starting balance that is preventing me from reconciling. I have cleared all the transactions that match the actual bank statement. There are no incorrect transactions lingering. The closing balance on my bank statement is $695.73 and QB is saying my starting balance is $972.80, which is a difference of $277.07. This amount does not match any other transaction that I can see. Is there a way to correct the beginning balance? I have a feeling it was entered in error or a transaction was deleted at some point.  Note - We only use QB online. TIA! 

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I have the nonprofit version of the Quickbooks Desktop Premier version.  I have a bank account set up for the Paypal account.  I use the "Donations" function under Customer / Vendors.  I have reviewed ways online (youtube, etc) on how to record the donations with paypal fees.  I record the donation as item "Contribution: other charge" and on the 2nd line I list 'paypal fees' as a negative (item listed as paypal fee).  The balance on the invoice shows the correct amount of the deposit after the fee is subtracted, but when it transfers to the Paypal account register, it shows the original donation amount as a "payment" and another line underneath with the "net" deposit as a credit.  So there is a negative balance in the amount of the fee.  As a result my Paypal register will not balance.  Why is it listing the donation as a "payment"?

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Real nooby here so bear with me on the terminology. Here is a scenario that I can't get to work. 1. I have a bill from my supplier that auto withdraws from my account. 2. I upload transactions into BQO, i enter it as the expense that it is and approve bank entry. 3. I see this expense show up in my expenses area with the proper supplier. Problem starts here.. 4. I upload PDF file of the receipt/invoice, and quick books keeps forcing me to enter it as ANOTHER expense, when all I want it to do is connect the image to the transaction already paid for. What am I doing wrong??

Our company recently switched to quickbooks online, and I've been using the transactions through the account to match to the invoices as they come in, but I then found the reconciliation area, what is the difference? Also I have a lot of things that have been deposited listed as undeposited funds and am unsure how it comes to that conclusion?

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Help please. I have 2 companies. Let’s call them A & B. Company A has been using company B’s debit card to purchase material. How do I properly write off the expenses for company A to reflect the profit and loss of each job??? 

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