Business Discussions

My wife and I each have our own freelance businesses. We file a joint tax return and of course share a household bank account and credit card, along with a business account and business credit card for each of our businesses. We're new to Quickbooks, but have used Quicken up till now to code all of our transactions for either or both of our businesses, or for personal expenses.  I'm just getting started trying to figure out how to set all this up, now that I linked our bank accounts. But the first stumbling block I'm seeing is the apparent assumption that this account is just for one business (where you input the name, etc.). I'm assuming I can ignore all that and simply code expenses in each of the business accounts and in the joint personal accounts with tags/categories that tie in with the proper business. Right?

Our business is an online membership-based oneWhen we began processing payments we made few initial test transactions with our cardSince then those transactions keep showing as we set them up on recurringMy question is how to report those test transactions. How about creating an account in the Chart Of Accounts named 'Membership and Subscriptions' and classify it under 'Uncategorized Expenses'Those transactions are included in the Sales Revenue so they must be offset on the expense side. 

I hope it's alright that I post this question here/ I am new to all this quickbooks stuff. The lady that worked for us for years was caught embezzling money so we terminated her and I am now trying to figure everything out. She had never transferred a lot of stuff from undeposited funds to the actual bank account so I was going into each invoice/account individually and changing the "deposited to" from undeposited to our bank account. However, instead of this causing my balance to start clearing up it's made it a HUGE negative number. Like over $800,000. What did I or we do to cause this and how the heck do I fix it. I'm freaking out!

I WANNA IMPORT MY SALES AND STOCKS. BUT  I M GETTING STUCK.I NEED SOME TRAINING 

When you need to print out a record for an important meeting inside couple of minutes and you open the document and tap the printer button, and sit tight for printer to work. Nothing, at that point a message pops up at the bottom - right corner of your PC desktop saying that printer is offline. Indeed, you're not the only one who is pestering with issue. We are here to help you in just a call, away.If the HP Printer shows offline message and does not print, speak to our seasoned and professional certified technician to get it fixed. Know More

My company holds more than one business checking accountWhen using QBO, can I add more than one bank account to the same company file?Also, at the beginning, the business didn't have a business account and some sales-income was deposited into a personal checking - How do I categorize those when adding them to the QB?

I run a specific service which I am not quite sure how to record into the QBOMy client is an online retailer, he buys his goods on Amazon and sells them on eBay (Drop-shipping business). For the purchase of the goods he uses my credit card in order to earn the cashback that this card pays. In return for using my card, the client pays me a portion of the cashback.How do I report this sort of income in my books and QBO?What should be the workflow and paper trail in terms of invoicing,etc?My client pays off the card balance directly from his bank account using bill-pay service.Also, is this a normal taxable income or categorized as other-income?

Does anyone have a business system in place where the online sales from the website works seamlessly and integrates with Quickbooks for invoicing and billing, and through credit cards and ACH?

      Account reconciliation is the process of matching transactions entered into QuickBooks Online against your bank or credit card statements. This review should be done on a regular basis, once a month at the very least when you receive your statements.   The process itself can be done fairly quickly if you connect your online bank accounts to QuickBooks Online and perform regular upkeep throughout the month. It's also important to learn how to use the Undeposited Funds account so transactions in QuickBooks match what's recorded on your bank and credit card statements.  Why do I need to reconcile my bank accounts in QuickBooks Online?    The balances in QuickBooks Online need to match your bank and credit card records so you have accurate financial data. Naturally, financial reports are only valuable if the base information is precise.     Moreover, your records need to be accurate when its time to file yo

We are currently starting a winery with a Founders Wine Club.  The club members will join by paying $1,000 club membership.  This will entitle them to one free bottle of wine 5 times per year for the next 3 years.  How do we account for the prepayment ?  How do we account for the free bottles to preserve the matching of revenue and cost?

timesheet showed the right hours but employee got paid same hours 7 weeks in a row. My employees hours change weekly . 7 weeks ago one of my guys received 57hrs and 5 mins I just noticed for the last 7 weeks he got paid 57:05 but when I check time sheet the hours show the correct hours ?

It looks to me like adding fees/svc charges to an invoice is on the horizon in QBO. Does anyone know if there is an inexpensive app that would automatically calculate a discount on an invoice if paid early up to so many days and then also calculate a fee on that same invoice if paid late after so many days. Thanks

  How many times have you followed the link to a company’s website and, based on how it looks, you decided whether (or not) to give them your business? I know I have! When I see a dated website that expects me download Flash to get basic information, scroll through numerous pages to find a phone number or put up with broken links, spinning icons or, worst of all, music that plays automatically, I hightail it out of there!   (Confession: I’ve designed more than a few websites in my life, which explains my very strong feelings on this subject.)   When thinking about creating your business website, there’s a lot to consider. Should you make it yourself or hire out the creation to a designer? How do you pick a domain name and host it on the web? How do you keep your website fresh, secure and healthy? We’ve pulled together some simple tips with input from some of our QB Community members who know a thing or two about the importance of having a great business website. To D

  About an 8-minute read:   We talk a lot in this QuickBooks Community about the importance of keeping customers happy. Today we’re exploring how to keep customers smiling – and buying – even when things go wrong. Despite our best intentions, at some point in our small business adventure, a problem will arise. Maybe a package gets damaged during delivery. Perhaps an order gets lost en route and never arrives. Maybe a deadline is missed or a presentation just isn’t what the client had in mind.   Truth is, the way you deal with a problem can be a make-or-break moment for your business. So when things go haywire, what do you do? How do you respond to negative feedback from an unhappy customer? How do you leverage your “post-purchase experience” to help turn a bad situation into a good one? For guidance about giving great customer service even when we stumble, we turn (as always) to the people who know best: QB Community members like you.   1. Customer s

A year ago I attended quickbooks connect in San Jose, Calif and was suggested about becoming certified with Quickbooks online and now I have.   How did you get your first client?   I am training now for the Quickbooks Online Advanced Certification 2018.  I do know it takes one step at a time. I am published on the Find A Pro advisor site.   Would love to hear how and when you got your first client.   I am currently working for someone else as an employee and hope to replace my current income with being ProAdvisor with Quickbooks online.   I have a goal of getting it accomplished within 6 years or sooner.  Thanks

I am new to Qb and I have a few co-workers who are farmers and small business owners. They hate doing the books themselves and we were talking about what I can offer them with QuickBooks online and being their book keeper.    But... My question is, how do you justify a price for your service? For the farm co-worker, he said it's a few inquiries a week or month. But for the small business owner, it would be more like a couple hours of work a week or every two weeks.    Also another question would be, can you create a profile and train the people who are the business owners and sell them the account?

  Name: Patricia Spencer Business: Grab Green Location: Camarillo, CA Launched: September 2009   Back in 2006, Patricia Spencer was a soccer mom and a frustrated entrepreneur. Her plan to create and sell an all-in-one kitchen mixer had stalled out because everyone confused her product with a blender. Standing on the sidelines of a game one typical Saturday, Patricia explained her frustration to Michael Edell, a fellow soccer dad. When he asked about her plan B, Patricia mentioned an idea she’d had years before: She wanted to create an effective, non-toxic, eco-friendly laundry detergent. Michael was intrigued. The next day, Patricia arrived at his office with a presentation about the market potential of a natural, safe detergent. They soon decided to work together, and Patricia, a self-described “closet chemist,” set to work to create her dream product. After a year of nonstop testing, she hit on the formula for making the first pod-based detergent in the

I am setting up our Quickbooks account for the first time.  We are currently paying on a loan.  I have found the directions on how to create the liability and assign the payments.  However, it also says I need to enter the loan as a deposit.  The loan money was spent prior to the date of when we started the account.  If I enter the loan as a deposit it is going to create income that we no longer have.

I was at the QB's Connect class and learned about the wonderful world of Zaps.  Just wondering if any of you have created Zaps and how they have worked for you?  Also would love some examples of Zaps you've created to help streamline your processes. 

When I pay our vendor bills, how to apply this to the correct bill as there are many bills with the exact same amount, even from the same vendor? Also, what do I do with the banking section after I pay the bills? Meaning once the payment has posted to the bank and it shows up in Quickbooks. Will it automatically apply to what I have entered? Even if the amount due is the same amount?  Thank you in advance, sorry if this does not make sense! :(

Name: Nick and Lena Kosovich   Business: LeNique Exclusive Designer Dancewear Location: Los Angeles, CA Launched: 1999   Nick and Lena Kosovich have been dancing since they were kids growing up in Australia and Siberia respectively. After meeting on the dance circuit, the couple competed together for 15 years while also building their stellar reputation as competitive-dance instructors, choreographers, teacher-trainers and highly esteemed industry consultants. Nearly two decades ago, when Nick and Lena were living in New York, they started designing and selling one or two dance costumes a month to help pay for their travel expenses. Word spread about their custom-made, rhinestone-bedazzled dresses that were also highly functional and comfortable. Realizing there was great demand for their designs, Nick and Lena launched LeNique so competitive ballroom and Latin dancers, as well as ice-skaters and other performers, could look and feel great in the spotligh

Hi, I have a client with two bank and one credit card account linked to QBO.  All three have been working fine for months until the end of August.  Since about 8/26 or so, the credit card bank feed is incomplete.  It appears to bring over transactions from certain employees' cards, but not from others.  The bank account feeds appear to be working fine.  Anyone else have this problem and/or know how to fix it?  It is a Chase credit card account.

We have several companies that we would like to prepare consolidated Financial Statements for. The problem we have is two fold. First the chart of accounts for each company is different and second each company has due to/from accounts for each other. My question is can the chart of account types be customized?

Hi, I'm Lisa, and I'm new here. I appreciate any assistance folks can offer. I searched for my question, but no luck finding an answer.A client who is also a friend sent me her payment via PayPal this month (not a usual practice, and for atypical reasons). She sent it to my personal account, which deposits to my personal bank account. I need to transfer that payment to my biz bank account and account for it correctly in QB. Is this just as simple as transferring the $$ and then recording it as the client's payment, or is there something more specific I should do?  Thank you!L.

The holiday season can feel like a mad, mad rush. You’ve got orders to fill, packages to ship, family and friends to please and obligations galore. Tell us:   What is your best trick for staying focused and organized during the busy holiday season?   Do you power through without insufficient sleep? Hire help? Order takeout? We hope you’ll share your strategies for success!