QuickBooks Q&A

I am trying to find the correct way to cost stock inventory to a project. The stock inventory items have been created in QB. I created a PO to the vendor and listed them under the Item Details section and assigned them to the project. When the items arrived I converted the PO to a bill, left the inventory items under Items Detail and assigned each to the project. The items then were the in our inventory system, but the bill was not showing up as costed against the profit margin for the project. I thought at first that this was because it wasn't paid, but after paying the bill the cost does not reflect in the profit margin of the project.  Under the project Transactions, everything is showing up that is assigned to the project(PO's, expenses, bills, etc.) but it seems that only "expenses" are going against the profit margin of the project. Under the bill, if I add a arbitrary line item under Category Details with an amount and assign it to a project it adds to value to the agg

Intuit has scheduled two payments for my (941/943/944) that are being paid one day apart???

We redid our QuickBooks for 2024. Our accountant is saying that some of our account balances are out of date from what he has in his systems. So he gave us a list of accounts and a "journal entry required" number. Either a debit or a credit. The problem is that when I go make a generaly ledger entry, it required me to have a a debit and a credit.But that is not in this case as this is just to bring the account up to match his numbers.What would be the best way to do this? Should I just go into the account and add a line item to reflect that? Thank you

I have a customer that had an open invoice balance at end of 2022. Our fiscal year is Dec 31. During 2023, they made payments for that invoice and there's a small balance of $750 remaining that I want to write off on Dec 31/23. I want the $750 to go to an expense account for bad debts. When I go to issue the credit memo, I only have an option to select from the Product/Service dropdown. There's no option to select an expense GL account. So the $750 would be applied as negative revenue which I don't want. Is there any way to reduce the invoice to zero but have the remining balance go to a specific GL account? Do I need to create a product/service called bad debts?

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-Quick Books Online Advanced Subscription.  -Multiple projects being set up-Using Quick Books Online Payroll Elite I see where you can configure how payroll transactions are mapped.  I also see where you can enter hours for a payroll run by Project.   If you are entering hours by project will the actual payroll expense be allocated to the project based upon the pro-rated hours?    10 hrs to Project A 5 hours to project B 25 Hours to Project C, all for one employee.  Will that one employee's actually payroll cost be spread out among those projects?  if you were to run a Profit and loss by customer after the payroll was finished, would you see it allocated by project?   I've seen videos online where you set up "labor rates" and can allocate labor costs, but this doesn't appear to post any actual cost to the general ledger or to the projects themselves. 

our Amex accounts linked to qbo continue to lose conection every day, every week. Someone else with the same issue?

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The option to Batch Transactions to Add multiple invoices at once it is not working.

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employees are no longer working

A deposit was made to savings instead of checking account. How can I change so can reconcile?

The address used is not the business address but the address of an employee who lives in a different state. This is a very big mistake made by the system because the business address is correct in the account settings.

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Recurring transactions list of reminders is not accessible on the Dashboard. It use to appear as a shortcut with the outstanding invoices in its own block on the dashboard. I will have to maintain an excel sheet to keep recurring invoices current. It doesn't appear on the clipboard.

Can I change the payment amount on a loan?

QBDT Pro+ 2023I saw a post about printing vendor labels from back in 2022, but it said "choose one vendor name" and then click on print label. Is there a process to print all active vendor labels instead of just "one vendor"? Thanks in advance

Qb offer help

I understand the recommended method for periodic inventory is to post purchases to an asset account throughout the year and then debit COGS/credit the asset account for the difference between beginning and ending inventory value at the end of the year. My company actually posts all purchases to multiple COGS accounts (e.g. Resale Product Expense) and has multiple asset accounts (e.g., Resale Product Inventory) which are set up with Other Current Assets Detail Type instead of Inventory since our products are set up as Non-inventory. What journal entries should we make at the end of the year once physical inventory is valued? Thanks!

Hi, I used to reconnect my quickbooks account with citibank business account but now the connector page opens the authentication for individual account and I cannot connect.

We plan to physically move 2 bank accounts into one for our church.   These banks accounts are both connected to our bank in QBO.   I want to make sure that I correctly understand how to do the merge.  Can you help me with the steps to take?   Including whether or not I have to disconnect one or both bank accounts before proceeding with the merge.   If I do have to disconnect, is there anything special that must be done when reconnecting the single bank account.   Thank you for your help.  Bonnie

Need to get Pay stub details for one of our employee for last quarter

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