QuickBooks Q&A

Director has made payment/settlement to Supplier using his own personal bank account. Accounting entry should be :Debit ; Supplier / ExpensesCredit : Amount due to DirectorBut im not sure how to do it in QB. Thanks

I notices that "QuickBooks Online uses the most recent exchange rates from Markit." Can I have the exact website so that I could have the list of historical exrate.

I made out an invoice to a customer in GBP, but he has paid me in EUR (on our EURO bank account). Now, QB does not "see" the invoice.

Ex. receivable is -74,000 and payable is 145,000.

I want to enter credit note to our supplier kindly inform mr how to do it in quick books online

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I have funds in a USD account which was invoiced from September 2016 through July 2017.When I check the balance sheet as at November 2018, the value in my local currency is incorrect. I suspect it is because QB is taking the exchange rate set at the time those transactions were made whereas in reality, the current value in my local currency, is the total in the USD account multiplied by TODAY's exchange rate. How do I fix this? EDIT -FIGURED IT OUT. You need to goto multicurrency settings and then revalue accounts to current market rate.

i have location tracking turn on, but on the inventory item i cannot state location. So do i create 1 product item (of the same item) for each location? i am aware you can track the total sales and the sale of each item by location. I am also having issues with product that has multiple pricing tiers, I.e retail pricing vs wholesale pricing of the same physical product. I have to create multiple product item for each pricing tier, this in turn causes my inventory to be split and i have to manually move or calc each time i would like to know how much stock i have on hand. 

Hello, I'm having some issues with the multi currency feature at the moment of using the report "Adjusted Trial Balance". The company where I work has a branch in Mexico and uses the MXP currency, so after the end of each month, there's a "Exchange in Gain and Loss" where our USD bank account is affected. Example, at the beginning of the period I start with $1,000 USD in bank account "A", and the exchange rate in that day is $18.5 MXP, so my "Adjusted Trial Balance" reads: $18,500.00 MXP. But let's say that at the end of the month, I did not spend anything and I'm still with $1,000 USD but now the currency has changed to $19.0 MXP. So, how can I change the value in my "Adjusted Trial Balance" to read $19,000.00 MXP and having the same $1,000 USD?. I tried doing a general journal in exchange in gain or loss to match the MXP amount in  my statements, but my dollars in the USD bank account in QBs either increase or decrease, when physically my dollars are still the sam

Director has made payment/settlement to Supplier using his own personal bank account. Accounting entry should be :Debit ; Supplier / ExpensesCredit : Amount due to DirectorBut im not sure how to do it in QB. Thanks

I am testing the Traditional Chinese version of QuickBooks but my client told me today that they want the Simple Chinese version...if there is one. Does anyone know if there is one?

Ex. receivable is -74,000 and payable is 145,000.

1.As we are at end of the year, i wanted to record accumulated depreciation of my all Fixed asset .2. i am not sure if we created a proper  depreciation account for  each Fixed Asset/type, hence i want the steps to create  and step to record the accumulated depreciation ,so the effect will take place .

I want to enter credit note to our supplier kindly inform mr how to do it in quick books online

Something's not quite rightYou can only use home currency balance sheet accounts with home currency A/R and A/P accounts. That note keep on appearing on my screen. Entries cannot be save although same transactions were posted in the previous months.

Director has made payment/settlement to Supplier using his own personal bank account. Accounting entry should be :Debit ; Supplier / ExpensesCredit : Amount due to DirectorBut im not sure how to do it in QB. Thanks