Expenses & Suppliers

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This situation is, my client issued a payment for an invoice, however the payment was in Canadian dollars not USA so the invoice payment is actually short.  So there is a remaining amount due to the supplier which is a US based supplier.  The supplier was also changed a $25.00 usd bank fee to exchange the currency.  How do I issue a USD cheque for the outstanding amount in US dollars?Do I need to turn on multi-currency and create the supplier with a USD Payment/Billing setting, then generate a cheque for the outstanding amount?

Hello!I'm trying to remove my personal credit card (as I now have a business one), but when I do all of the historical expenses are lost. Is there a way to remove my personal credit card while Maintaining the history? Thanks!

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Working on a cash basis and new and working on last year's books I reconciled the year.  In reviewing the P&L statement it didn't look at all correct and I felt I knew where my errors where.  I entered some received statements as bills as they are bills to me.  I then entered others as as I paid them instead.  Looking down the expense page revealed the bills as unpaid and because they had been I ticked the box (the date was the day I did that as I wasn't aware how it would show) and the amount showed in the paid column.  However, that total has showed up the this months entries and I havent even touched this years books yet.  I was going to delete or void - what is the difference?please -   If someone understands my dilemma please advise as I am just about to start over again in a ledger.   If I delete or void? then are they going to again appear outstanding for last year?  I would like to redo them as having been paid on the d

I'm trying to figure out how to track RMAs/expected supplier credits so that I can be sure to follow up if we haven't received them. Does anyone have ideas for how enter a supplier credit, but mark it as pending, or perhaps using POs somehow? Ex situation: We send back a defective product the supplier, they give us an RMA#, I log in to QBO (somehow), then when the credit comes in I can close the PO/pending supplier credit. 

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With the T5018 set up, QBO is asking for a first and last name (not company name) for all suppliers that I have checked off for T5018s, even for all companies (not individuals). I have the company name filled in but it is saying I also need a first and last name. Any advise? 

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Hi, I recently started utilizing the feature in QuickBooks online where you take a picture of a receipt and then review it later to record the expense for the books. The issue is that I am using my personal credit card and some of my personal cash for these expenses which means I have to put the expenses to Accounts Payable and use myself as a supplier. So when I put the accounts as accounts payable it comes up with an error stating I need to put the expense to another account. This is quite ridiculous considering it lets me record it this way when I am manually entering the receipts. This feature seems pointless if it is only letting me put the receipt towards a bank account / credit card account, no?  Any way I can bypass this? I would really like to utilize this feature as it is very convenient to take pictures of my expenses (receipts).

I want to pay an expense by ACH.  However I do not wish to pay full balance at one time.  Know how to do that with a check, but when i try to do with and ACH...the full balance due keeps popping on the the screen. Anthony

I've jumped into a QBD that has old vendor credits that are no longer legitimate. What is the best process for clearing these.

The problem that appears is that whenever I go to enter a bill for a product, the quantity multiplied by the cost does not equal the amount. We have found that it goes up by different rate, this one is for every 100 cases, it adds 1 cent, for others there is for every 50 cases, it adds 2 cents. Can you help resolve this problem

HI ! When I used an online connector to connect my Shopify store to QB, it created an expense account Shipping (instead of using the Shipping Freight Delivery account that was already created).  I did not notice this for a few months.  Meanwhile, shipping charges were added to this account. When I wanted to finish the year, I realized that, as a bonus, this Shipping expanse account added the charges in the negative, so it actually decreased my expanses of 3000$ and thus increasing my revenue of 3000$.  So to correct it, I create a journal entry to transfer the account to the correct Shipping Freight Delivery account, but it added it in the negative, so my problem was not solved.  So, I decided to create a 'sale' of 6000$, which corrected the problem. Now this was for the year 2019 and everything is done and final.  Now that I am starting to work on 2020, I realized that I have an undeposited fund of 6000$ in the Bank deposit section, so I actually cre

I'm trying to figure out which is the correct currency option to select when setting up new international vendors with multicurrency settings enabled on quickbooks online. Is it the currency that the vendor originally invoices me in or is it the currency in which the money actually leaves my accounts? For context my situation is below: I have a supplier who is based in the United States and invoices me in $USD. I'm based in Canada and a pay the invoices online using a Canadian credit card that is set up in $CAD. The credit card company makes the conversion from $CAD to $USD, adds their fees, and when the time comes I pay the credit card bill from my bank account in $CAD. Meanwhile my supplier has received their equivalent $USD payment. On my bank feed in Quickbooks the amount spent for this transaction in my credit card account appears as the amount in $CAD, just as it appears on my credit card statement. For this example when registering the vendor in Quickbooks would I set

Hi, I have a question recently I sent an amount of money to a vendor, and overpaid them because I received the bill later on. So I overpaid the bill by $22.39. So there is a credit now sitting on the vendors account that says  a negative balance of  minus 22.39 on the vendors account. In other words they owed me that amount of 22.39 back..SO I recieved a cheque from them later for the refund. How do I apply that amount in quickbooks?

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I am the owner of the company and used my personal credit card to pay a vendor. I am trying to record it into Quickbooks, but several methods I found did not work for some reasons. So I created a bank account called Owners Reimbursable, and enter the credit card payment as a credit into the "Owners Reimbursable" account and use that to pay the bill that was entered in the quickbooks. Company then write a check to me for the payment. However when pull the report for the company profit and loss, the "Owners Reimbursable" account is not included in the report. What did i do wrong and is there any simpler way to make the entry easier and have the correct report?Thank you.

I have a suggestion - Quick books needs to validate the bill number as a duplicate when you enter the bill number - its dumb that it tells you you have already entered this bill after you have entered everything and try to save it - it should tell you the bill number already exists as soon as you enter the bill number - argh!! 

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I have quickbooks desktop premiere addition.I want to be able to keep track on what payment methods my vendors accept. I have looked but can not see where to put that information.Anyone have an answer?