Reports & Accounting

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I am a new sole proprietor. I've been using quickbooks and it is connected to my BUSINESS bank account, so it auto transfers every new transaction.I do have a separate business and personal bank accounts but it is my understanding that as a sole prop I will just file everything together at the end of the fiscal year. After saving a % of all my business income towards future taxes, I transfer the remaining balance to my personal account so I can use it from there. However... Quickbooks is asking me to categorize that transfer and I can't quite figure out what category would that be?  Also, the % of income that I’m saving towards taxes - I'm also transferring that to a "savings account" inside my business account. I imagine quickbooks will also ask me to categorize that transfer and I'm not quite sure what would it fall under. Thank you!

My condo Board has made two separate special assessments in the last year.What is the best method in QuickBooks to set up a method of tracking these assessments from collecting the funds through to tracking the expenditures? Our homeowners want to know where their money is, where it has already been spent and where it will be spent with a reasonable level of detailed breakdown.Would it be appropriate to set up Classes or sub-Classes?Are there any particular methods which should be avoided? Any practical advice or examples would be appreciated.

I make food products in my business, and occasionally I have loss or spoilage.  So I use cost of goods value to make something, and instead of getting the income from it, I have to toss it and would like to track this.Should I just create an expense category, and add expenses and debt the cost of goods to the spoilage account? Something like that?

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it wants me to log into my bank account and do something over there.

When I complete an A/R Aging Summary FULL report I have all our customers listed BUT when I go to filter by each of our Sales Reps (Rep filter) some customers are not listed on the Rep individual report.  Yet, they were on the full report. I have looked at all the customer profile and individual invoice details against other customers and see no difference. Any advice, suggestion would be appreciated.  

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We are just getting started with QB Enterprise, and would like to combine an AP report across selected companies, ie. have a AP matrix, that has the vendors in 1st column as is typical, but then have a separate column for each selected company, so you can see how much to do to each supplier across all QB files.  Is this possible?  Is there an add in app to provide this specifically for AP reports.  

My client, the owner of mechanic business wants to track the costs of maintaining the courtesy vehicles. How should these expenses be recorded?

The only report I can find Net Ordinary Income is the Profit and Loss Detail Report. In my old quickbooks desktop version the standard Profit and Loss had this line item however the standard Profit and Loss in Quickbooks online only has Profit after other Income and Expenses. Is there any way to add this to a standard Profit and Loss?

The PST report is for a previous period, so I cannot change the report.

I need to pay the Sales Tax to Revenue Canada Agency but  I can't find the Reporting Period date to change the date of the default?

Hello, We recently acquired another accounting firm, where their clients had an inconsistent chart of accounts. We plan to implement our standard chart of account numbering for our existing clients and are trying to find the most efficient way to implement it. We've tested a manual approach (importing the standard CoA, then renaming/merging as necessary), but that took ~4+ hours. With our 100+ clients to do, it just does not seem the most apropriate. Is there a faster way to update an existing chart of accounts for a new structure while preserving the existing history? (opening a new QBO for each client is not an option)

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how do i add a new credit card to clients payment options?

Hi, Is there a way to duplicate or copy custom reports in QBO? Let's say I have a template report I want to duplicate by customer, is there a way to achieve without having to rebuild the report from scratch everytime? Thanks!

I am using QBO.  The weird part is the first line does not appear in the report - the same account used on the second line of the J/E does. I do not want any of the J/E to go to that report. How do I stop it?

Please provide step by step details with screenshots.

The report builder has transaction line attributes like "Amount" and "Rate", and I can show the line items for the "HST/GST Payable" account - but how do I know whether the 0% rate is for "Exempt" items, "Out of Scope" items, or "Zero Rated" items. I was hoping to see "Tax Code" or similar as an available column.

I upgraded to QB Online, my previous version was 2015 Premiere Contractor desktop version. In my 2015 version I was able to create a custom balance sheet where I could add subcolumns to add a Previous Period with "$ change" and "% change" displayed. For example, my custom balance sheet would include Nov and Dec and it would show the $ and % change between these months all on 1 sheet. I can't seem to find this in the new QB Online? I need this custom feature!! Help!

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AP Aging Summary doesn't match the Balance Sheet. The Vendor Balance Summary and Detail are both correct. How does this happen and how do I fix it? 

they are no longer under payroll tax filings why did they move these