Expenses & Suppliers

In our showroom we have several working Home Audio & Video products such as TV's, Amplifiers, Speakers, lights, shades, etc.. These products are displayed/offered to demonstrate how they would function in a clients home.  Would said products be categorized as fixed Assets? And are they written off yearly as deprecating?

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I am entering invoices into Quickbooks Desktop Premier 2024 and noticing the GST and PST are showing at the bottom of the screen as a total taxes. How do I show it separated before I save my posting so I can see the taxes separated are correct?

For personal taxes I was told not to include rent paid in the business results?

It's come to our attention that lately, some individuals have been posting as if on behalf of the QuickBooks Support team and offering fraudulent phone numbers in an attempt to deceive and defraud unsuspecting members seeking assistance. Below is an example of one of these fraudulent posts:     Please be cautious when interacting with any phone numbers shared on this platform. Here are a few tips to help you avoid falling victim to these scams:   Verify the legitimacy: Always double-check the contact information you receive against the official QuickBooks website or trusted sources. The safest way to get in touch with us is through QuickBooks itself or through the Contact Us links found on our website.   Know how to identify our Support team: True members of the QuickBooks Support team will have both a badge that reads "EMPL" as well as the label "QuickBooks Team" by their username. Posts from the site admin will say "ADMIN" and "Moderator".     Tru

I have upgraded to the latest version  Desktop/Enterprises V23 It was my understanding from reading forums that this version you could email bill payment stubs to your vendors directly from Quickbooks. I can now see that there is a "Bill Payment Stub" listed within the templates, but it is greyed out and you cannot select it. Does anyone know the process for setting this up? Why can I see it as a template to adjust and activate but am not able to select it? Enterprise Solutions Accountant Edition - Please PLEASE say this is an option now 🙂 

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I have been taking pictures of all expenses and properly categorizing but when I create a Profit and Loss Report the totals in previous months are not accumulating? What Am I doing Wrong?

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My business card hadn't arrived in the mail before I needed supplies.

I am doing a car expense report and need to break out my PST and GST.There does not seem to be a report that does that so I am hoping to find one that will give me the gross cost with sub-totals and then I can fill in the blanks where relevant in excel. Is this possible?The only thing I can find/create is one where it might or might not have PST built in which does me no go. Any help greatly appreciated.Thanks in advance.

I do not want the average cost of my inventory items updating with each purchase of them from vendors. In preferences, under 'Items & Inventory' I set non assembly items as "never update item cost" but with each bill entered it updates the avg cost of the item. How do I set the program so that the inventory cost is never updated? I prefer to manually calculate inventory prices

Hello, quick book online has ability to process the AR and AP transaction in batches so one person can enter and another edit, review,approve and post? Thanks 

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I am using Quickbooks Desktop Premier.How do I track what I have paid against a purchase order to a Vendor?I have not been able to find a report, or anything related to giving this information.Trying to avoid overpaying on purchase orders or duplicate payments.There must be a way of seeing what balance is outstanding to a vendor for a PO. 

Hi - I work as a psychologist and, as I do the majority of my work virtually, I work out of my home (no other office).  Historically, we have written off 20% of home expenses that are also used for the running of my practice (e.g. utilities, some home repair, etc...) as that is the percentage of square footage of the home used for business purposes.  This will be my first year using Quickbooks Online and wondering if there is an automated way of entering the expense (a receipt for something related to home repair, for example) and Quickbooks automatically calculating the 20% towards the business.  The expense is sometimes being paid out of a personal account rather than a business account yet may also be paid for out of a business account. Can categories be created that automatically accomplish this task or do these expenses need to be entered as journal entries in the Chart of Accounts?  Thanks!

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I created a post 3 years ago about this and it still hasn't been added as a feature. This is the link the my old post. Any reason why this hasn't been added??! Thanks! https://quickbooks.intuit.com/learn-support/en-ca/other-questions/applying-sales-tax-to-rules/01/481537#M3467

How do I rearrange the Vendor Information so that Invoices and Payments are shown together in date order rather than a list of invoices in date order and then a list of payments in date order.

Trying to do my expenses and it won't let me choose from any of my vendors first time this has ever happend

This is really frustrating - Class especially is very useful, so kudoes to QBO for adding this, but not being able to import Bills with this data is completely contrary to good data management. Big raspberry for that! This needs to be added to the import template, all it does is p*** people off and create a lot of extra work for absolutely no reason.

Hi everyone, my partner and I have recently established a catering/private chef company, we are using our own funds to launch the business and pay for any start up expenses with our personal credit card (to maximize points on credit card). I have been recording these transactions via journal entry debit expense account (fees, web design, start up costs, etc.) and crediting shareholder contribution. The costs and appropriate tax paid on business items (BC pst/gst) is recorded on this journal entry and each receipt or invoice is then attached. However the issue I am having is that the tax I have paid isn't showing up when I go into sales tax. Shouldn't it be recorded somewhere so I can claim ITC? Also we don’t have any revenue yet and are acquiring supplies and items.  Thanks so much,  Mike

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Dear community members,I am learning how to record rent with GST in QBO for a retail store. I understand that when it sells products in inventory, it collects GST from customers and needs to remit to CRA later. In the case of paying rent $1000 with 5% GST ($50), I think we record $1000 in Rent Expense account. But in which account do we record $50? Also I hear from people that CRA will only give back a certain percentage of $50. How is the percentage determined for a small retail store? Could this ever be 100%? Thank you very much.