Reports & Accounting

Hi How do I create a report of the LT Liability Account - Shareholder Loans ? I need to run a report showing all activity in a given time period.Thanks

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how many digits are allowed in the chart of accounts

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2 different printers, save to PDF, Microsoft print to PDF. The same with all of them. This is new, there was no problem previously.

Let say you have a property you bough for 100k cash without a loan. The property value goes up, and appraised at let say 200k. You go to the bank and refinance and take cash out = 100k.  How do you record that mortgage transaction? 

I have created a new client, but i am having trouble manually uploading a chart of accounts from the companies 2021 fiscal year end trial balance. I was under the impression that i needed to upload this information, then close the books and then be able to start uploading information for the current fiscal year, which began in October 2021. I am curious if this needs to be done? would it be the same if i just started fresh from October 2021 recording all incoming information, without having the previous fiscal years books closed in my quickbooks online?I do not want to use the previous bookkeepers file that was being used for the 2021 fiscal year, as it seems like it was a mess; but i need some kind of baseline to start off recording anything for the current fiscal year.

So I'm manually entering all my bank transactions from 2021 through journal entries for tax purposes. When my friends and I go out for meal and entertainment purposes, one of us pays, and then all e-transfer to one person. Sometimes that person was me. So say a friend sent me $10 that was deposited into my Savings account. When inputting the journal entry, I would debit the $10 to my Savings Account. But what I'm confused about is, what do I put for the crediting account? Right now, I've created an account type of Other Income, set the detail type to Income, and then labeled it "E-transfers" because I am not sure. Does anyone know the correct Account to put these kinds of transactions?

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The HST return report does not match at all what was filed to CRA.  It appears someone did not use the tax item code correctly and it's a bit of a mess.   There is an amount sitting in "sales tax amounts not reported or paid" and "unassigend Sales Tax Amount".   In fact I would say the GST/HST Return Report in QBD never filed.   How do you fix this problem so that there is a zero (0) balance for the new fiscal year.

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the profit margin on projects is not taking the Time Activity cost

How to generate a .cor file for T2 tac report?

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Hello Team,I have a corporation type of Canadian incorporation at the very beginning I used my personal credit card for business purchases (I did not have a separate business Credit Card) Now I have one. I got TWO questions:One: how to reconcile this in QuickBooks as the transactions are mixed between personal use and business use? (I kept using it for business ONLY) I used a Debit visa for personal a real-life situations for personal only. Now I'm reconciling of course I won't reconcile or claim something I used for Grocery or baby diapers etc...Two:I need help with categorizing the transactions to match CRA GIFI codes so I can export/import them intoTurboTax Business Inc. 2021 [PC Download] T2 one return.I'm referring to this CRA Website link I use this link to match items/services and chart of accounts Tax line mapping, but I'm stuck at categorizing "The use of personal Credit Card money for online business purchases" as I deposited the generated income sales & se

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Hi There, I run a photography business and was gifted a camera in 2018 (fair value = $1200 at the time, about $700 as of April 2022). How can I record this in QuickBooks to show that my company owns this asset without incurring an expense as the company (or I, as this is sole proprietor) did not actually pay anything but I'd like to show on the balance sheet that I have a legitimate fixed asset.  The main problem Im having is that I need to show an expense but there technically isnt any expense because I didnt pay for it, but yet the company does indeed own it.  Thank you

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Hello team,I'm reconciling my credit card account (QuickBooks desktop) here is a screenshot from the statement Now I reconciled the first bill that has 62.15 with no issues now I'm reconciling this statement it has multi payment in it, and the New ending balance as you can see it's (-0.48) which I put it in this field here Until now we are good but the next one I'm stuck in it as it has multi pay. Then I hit Cancel since it has the balance    after this the difference is never ZERO.  I tried calling accountants through the link provided they are all busy with other clients (if there is a primum link to pay per consultation I'm more than happy to pay) I'm trying to get help from here to save time I do not want to delay. Please help and thanks.