QuickBooks Q&A

I have a business loan with weekly payments and monthly interest. I have account set up for loan as a long term liability and a checking account where payments come out to pay loan instalments. Bank accounts are linked to quickbooks online. I can match up weekly instalments but not sure how to record the monthly interest? I assume I have to do a journal entry from the loan account to the interest expense account but I cannot balance the amount which is $40.07. Help please

I looked at this FAQ https://quickbooks.intuit.com/learn-support/en-au/help-article/bank-feeds/connect-commonwealth-bank-direct-feeds/L4crNmnjB_AU_en_AU but I don't see this message " Get a better connection"

25mb /s 17ms ping

Can I unsubscribe?

I can't see any option in the Receipts section to find a match. And in the Banking section, when I try to add a receipt to the transaction, I can only open files on my computer. Is the only way to download the receipt onto my computer, and then manually upload it to the bank transaction?

Why are my invoices getting allocated automatically and/or why are invoices generated also being auto allocated against credits?

I then cannot match BAS payment in the bank feed because the dates don't match

W1 Total salary, wages and other payments is showing $1615 more when I am trying to Prepare the quarterly BAS. Also the W2 Amount withheld from payments shown at W1 is showing $396 less when I am trying to Prepare the quarterly BAS through Quicckbooks online.

I just want to subtract money paid last month from this month's total on the invoice

I have done the fix listed on here, locate 1st month of the fin year, it is set as July.

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When I try to print invoices on A4 the right hand margin is too close to the edge of the page and the right hand side of text is cut off.  I have checked all of the settings for my computer and everything is set to A4 printing

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Won’t let me link bank acc comes up with error

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QuickBooks online splits batch payments and receipts into multiple bank transactions. This is very poor accounting and is unacceptable.If I pay 3 suppliers say $50,000 $30,000 and $20,000 in a batch, I expect to see a payment of $100,000 going out of my bank account so that it matches the statement.Likewise, if I use the bank feed and match a receipt to the 3 invoices that my customer paid, I expect to see the amount that was deposited to my account, not 3 separate deposits.I think QuickBooks needs some accountants on staff to explain basic accounting because this is simply unacceptable. Not only does it force us to add transactions together to match the actual statement amount, it is simply very poor record keeping.Not good enough QuickBooks!

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Oh boy, this is a long read.  Sorry!The issue relates back to 2022/23 fin yr where I was asked to change make some minor changes to allocations of payroll costs in order to separate them out of a claim for an R&D grant.  The changes were minimal … just amending some wages from “wages expense” to a sub account “wages expense - BD”.  These changes were made to each monthly pay run for the year and was done retrospectively in July23.When I tried to process the Jun23 BAS it wouldn’t allow me to due to a negative value showing in W1.  Eventually I worked out it related to the changes I’d made, where the W1 allocation appeared to have dropped off the transaction.  I went back to the journals and corrected the entries, however it did not rectify the error.To make things worse, I was living overseas in the opposite time zone and with minimal internet for the next 12 months.  This made seeking support difficult as each call or chat

TPAR is enabled, supplier correctly setup and entity is in construction.

They are being audited and asked me to change the name on the invoice. When I try change the name the page freezes, I get a message asking if I want to wait of refresh the page, I press wait then I can change the name but it says any liked transaction will be cleared. If I press yes all the items in the invoice get deleted.

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I want to see the GST amount in a split transaction to ensure the amount is the same as what is showing on the Tax invoice of an expense.

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