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I have a new employee who started a week ago. In Default Pay settings I put her standard hours as 38 per week, 7.6 hours per day, but when I do the first payrun, her hours are only calculated as 27.14 for the first week. Why does does happen and how can I fix it?
I am very new to all this and have been teaching myself how to use this program as I go. I am currently looking into doing reconciliation reports however am not sure what I am doing wrong. I need to do reports from all the way back in July 2020 and am not sure how to go about it. I started with just July 2020 and matched all the quickbooks deposits and payments with my bank statements, however, it is still saying there is a large difference that needs to be matched. If anyone could tell me what I am doing wrong that would be greatly appreciated.
Hi, I'm self-employed, sole trader working from home (based in Australia) - I'm trying to calculate a rough estimate of my income tax I need to put aside from business earnings - so I can start making regular payments towards my income tax. I understand the basics of how much I can deduct for tax purposes (what I can claim etc) and know I need to go over these with a tax accountant near tax time etc. However, I'm confused about how to record these in Quickbooks in the meantime - as they are only partially allowed for tax deductions (a percentage) because I run a website e-commerce business so I work from my home (use the same computer etc. for business and private use). For example: Home Utilities - like electricity are used for both personal and business use. My question is: When I go to transactions in banking and say make a payment to my electricity bill that was due e.g. $150 - only a portion of this amount is allowable tax deduction -
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