QuickBooks Q&A

The problem I am having with quickbooks started when my bank account was linked to it about 4 years ago. When I receive a payment i have always clicked new, receive payment and allocated to the right invoice but no-one told me when the bank saw the payment  QB would automatically allocate the payment. Many payments have been doubled up and I have probably paid too much Vat. I only found out when a message on screen said I had to categorise 163 transactions. My reconciliation reports are fine but there are uncleared transactions left over. My bank balance does not match the balance in QB. I have deleted many transactions added by the bank but it needs someone who knows QB to sort it out

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Hi everyone, I’m trying to figure out the best way to record three separate payments made to a supplier for a single invoice in QuickBooks. Each payment was made on different dates, but they’re all meant to settle one invoice. Here’s what I’ve done so far: - Located the payments in my banking records.- Verified the amounts match the supplier’s invoice.Now, I need help with these steps: 1. How do I correctly apply these payments to the same invoice in QuickBooks?2. Should I create a separate payment transaction for each installment, or is there a more efficient way to record this?I want to ensure my books are accurate and that the invoice shows as fully paid once all payments are applied. Any advice or step-by-step guidance would be greatly appreciated! Thanks in advance!

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I was in conversation here 2 weeks ago about Quick Books Self Employed version lacking proper accounting features.It appears to be a Tax Return aid rather than accounting software - and yet it is advertised and marketed as Accounting Software. In the conversation RhoiceW from Quickbooks did acknowledge that QBSE does not provide sufficient accounting information to be accepted by HMRC if they requested accounts from a Self Emloyed Business and seems to say that QBSE would not "comply with HMRC's Making Tax Digital (MTD) regulations." (see screenshot below).  Here is the thread: https://quickbooks.intuit.com/learn-support/en-uk/other-questions/re-is-qbse-just-a-tax-return-aid-not-an-actual-accounting/01/1498659 which appears to have been removed from the list of 'Other Questions' here on the forum. However nobody from Quickbooks has replied to my questions following that, and I am therefore asking again: Can someone from Quickbooks please giv

My posts on other threads are being ignored by Quickbooks representatives for weeks on end, so I am starting another thread here. Quickbooks representatives have confirmed that QBSE "will not fully satisfy or provides HRMC request for more detailed financial information if your business needs complex accounting features since QBSE only has basic features." (https://quickbooks.intuit.com/learn-support/en-uk/other-questions/please-can-someone-explain-how-to-set-a-rule-in-qbse-uk-that/00/1497122) Quickbooks representatives have also confirmed that QBSE is not suitable for HMRC requirements for MTD (Making Tax Digital).  QBSE is therefore not suitable to be sold and marketed as an Accounting Software for Self Employed businesses and should not be advertised as such. This is a request for Intuit / Quickbooks to be honest and transparent with their customers about the limitations of the product that is being marketed and advertised as 'Accounting Software' - it is NO

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How can I produce a report to reflect all the wages expense from January to December 2024

HiCan anybody shed light on what's up with QB and the Co-op? Even though it is listed on this page, the customer service rep said that the engineer said they have not renewed their contract with the Co-op or some such thing? What does this mean and why are they still listed as a supported bank (and also come up on the list when you try to link bank account)??As far as I can see, the Co-op supports Open Banking...

Is anyone here using QuickBooks for the UK's Making Tax Digital who is not VAT registered, please? My accountant is telling me to move to MTD to be ready for when I have to switch so I'm just researching options. But the first thing I find with QuickBooks is that everything on the site insists you must be VAT registered. Since I know that's no longer true, I'm rather put off. Is it just that the site is poor? Thanks,Willliam

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I`m entering an expense and selecting the payment account but when I press save & close I have noticed it allocates it to different account. So then I have to go back in and change it again.

Hi all,I have Etsy integration turned on in QuickBooks Self-Employed. Some time around October 2023, it stopped synchronising with Quickbooks. Since then it hasn't updated that Tax Year.It had partially completed the tax year, so with no choice I had to delete the integration as other attempts didn't pull the later data through. So now I have no Etsy entries for 2023-24 Tax Year at all. The integration has said its finished updating, but its only done the 2024-25 Tax Year.Not sure if anybody has found a fix for this?Cheers.

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Hi.  Is anybody else receiving messages about payroll sync errors?  I can see my bank no longer reconciles due to double posting from payroll after the transition to Core Payroll.  I tried the online help but it is not working and recommends calling the helpline......but I don't want to waste my time on a phone line.

How do I unfreeze it?

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I normally use the sequence of "Sales Receipt, Card Sales, 400 Sales paid by card, VAT 20%" when accepting bank transactions. This has worked perfectly well for years but now I find it impossible because no matter what sequence of actions I try, Sales Receipt always reverts to Deposit. The reason this needs solving is because Deposits can refer to supplier refunds, loans being repaid by Staff, deposits of expired bank notes or cash sales etc and if not properly allocated to the correct accounts we could end up paying VAT on such deposits or underpaying VAT on card sales which could be very costly. I have asked QBO Training and QBO Support without success so far.

SpreadSheet Sync has very few Class Related Reports and the only one that is there at present is Budget Overview. This doesn't work correctly for Custom Dates - it reverts to 12 month totals. Does anybody know when this might be fixed and also when other class related reports might be available

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The monthly standing charge goes out the bank monthly and then the bill comes in and is paid by that standard charge. What entires do you have to make on QB to make that happen. I have been entering both and have got into a mess. 

Box 6 and 7 not included other sales just vatable mentioned is that ok?

Quickbooks is not connecting to HMRC today (Dec 😎 and VAT deadline is today. QBs Help button is also not working and the customer service line is not open. POOR SHOW!!