QuickBooks Q&A

When I issue an invoice for GBP100, the client does pay GBP100 through bank transfer, but the bank will charge (say) GBP1 for the transaction so I actually get GBP99.  How do I enter these into QB?  In fact, do I pay tax on GBP100 or GBP99?

It's been over a week at the moment  

Good Morning I am trying to calculate an employees pay using the hourly rate within payroll but every time I put the number of hours into the system and try to change the drop down from Per Week to Per Pay Run it just defaults straight back to Per Week when doing the calculation.  How do I ensure that it calculates Per Pay Run? Many thanks

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We are using Quickbooks online for our company registered in the UK with HMRC we have multi brands under one company and we want to use different Invoice Templates for different brands so this possible to use separately?

HiWe are facing too much issues with QB 2023 version

HiWhat figures do I need from financial reports to calculate a company's return on investment? Colin

When preparing VAT returns for clients on the cash basis, transactions appear as normal on the exception report but these do not then appear on the "Prepare return" screen. I would expect to see an additional "Exceptions" column on the "Prepare return" screen when there are transactions included in the exceptions report but this does not appear to happen for clients on the cash basis. This could lead to those transactions not being returned to Revenue unless manual adjustments are made to each VAT return. Can this be fixed?

When preparing VAT returns for clients on the cash basis, transactions appear as normal on the exception report but these do not then appear on the "Prepare return" screen. I would expect to see an additional "Exceptions" column on the "Prepare return" screen when there are transactions included in the exceptions report but this does not appear to happen for clients on the cash basis. This could lead to those transactions not being returned to Revenue unless manual adjustments are made to each VAT return.

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A customer paid an invoice, but we then refunded them. I followed the instructions under "Customer refund if invoice has been paid" on page https://quickbooks.intuit.com/learn-support/en-uk/help-article/customer-refunds-credits/record-customer-refund-supplier-refund-quickbooks/L5PbCkJk8_GB_en_GB?uid=lfldmuv0 I created the credit note, and then the expenditure to allocate the amount to the Debtors account, and then matched the automatically-downloaded bank transaction to the expenditure. Now the expenditure is showing as "paid" but the credit note shows "unapplied", and whilst the "open" balance is zero (correct), the "Overdue" balance is showing as the amount of the credit note. How do I clear this so that "Overdue" also shows zero? Many thanks.

Does anyone know how to claim expenses on an electric car when self-employed and having to use none simple expenses.  Ive called the HMRC help line and even they seem to be confused, directing me to a page that talked about car allowances for employed people!   I'm a driving instructor using the electric to conduct lessons, its great but now thinking about submitting my year end.  I've recorded things like mileage per client, electric charging cost used on the public charging network and home.  But I believe HMRC are not treating electric as a fuel..So how do I claim mileage is I can't use the simple method? Thanks in advance

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The company is a charity supported by a VAT registered charity shop. I also need to structure the chart of accounts to support this split

TSB

I am trying to import transactions from a credit card.I cannot connect to the credit card company to do it automatically.It seems the only way to do it is to import it as cash.Is there any way of setting up a dummy bank account and then importing using csv file imports which I have been using quite successfully for another account.

I have connected zettle to quickbooks.I have also connected the bank account to quickbooks On my bank statement, I have a payment from zettle of 11.20. I open up the payment, click find match, but the amount that has integrated over from zettle is 11.40 this includes the fees. I would like to know how I match these payments for the reconciliation as at the moment it will be showing a 20p difference.   If anyone could help, that would be fantastic!!

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The three bars and reversing arrow is not making changes

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Hi. Just signed up for quick books Self-Employed. I am a sole trader and I use simplified expenses for my business miles- with this in mind should I put my fuel payments in the personal category seeing as it shouldn’t be taken into consideration for tax relief?Also I have a set amount of money transferred out of my business account to another account weekly for my wage. Should this be tagged as personal or business (owner withdrawal). Thanks, Steve. 

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Hi,I'm self employed and have been increasing my use of Quickbooks over the past couple of years. In my first tax year I was only using it as a calculator, linked to my account but invoicing separately, this past year I have been invoicing through QB. I frequently have to add travel/parking expenses etc to my invoices, but as far as I can tell the way QB is set up those expenses seem to be added to my taxable income. How do I separate non-taxable reimbursements (parking etc) from taxable income (labour)? Is that possible?Looking through the help section there are mentions of Billable Expenses, but I can't see that in my settings, perhaps because I'm on Self Employed QB? I'm prepared to accept that I'm being an idiot, but I can't seem to do it.