Reports & Accounting

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We have breeding stock(inventory), baby chicks we sell, older females we sell, older males we sell for meat, etc. Each of these birds require feed and we would like to know how much feed we have given them before we sell, to make sure we aren’t losing money. How would we set up our accounts to accommodate this.

We currently use for our main business, but we also have an Ontario Ltd Company that has 12 transactions a year, if I could set up and run this as a separate business report that would save on accounting fees.

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I am trying to set up a daily sales receipt for end of day recording from the tills of a pharmacy where there are both taxable and non taxable items.  I set it up according to the tutorial but when the amounts were entered, it asked for the sales tax percentage to be entered for proper calculation. There are many transactions over the day's sales so it seems the tutorial was not appropriate for our situation.  Any suggestions?

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I'm doing the bookkeeping for a new home builder. I created a Journal Entry for the Trust Ledger that was sent to us by the lawyers. This included the sale price, the lawyer fees, and payouts for commissions and land fees. I entered the project name in the "Name" column while doing the entry and I can see it on the Transaction list in the project but it doesn't seem to be reflected in the Project Costs.

Specifically, the credit card statement appears as " -$706.64" How is this recorded so I can reconcile the credit card account?

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Hello,I have the accountant version and when I am in my client the sales in mine are different from my clients sales? He logs in to his and sees for ex $178k in sales. Then I log into mine the accountant version and his sales show $328? I am very confused. We do not have a bank feed set up. He marks his invoices paid. He does not then do a deposit nor do I.  How do I know which one is accurate and why are they different? The expenses are also different between my accountant version and him logging on to his. any words of wisdom?thanks 

I generate a monthly report for my Rotary club. At the bottom of the report it lists Total Expense, then Net ordinary Income and finally Net Income. I want to eliminate the Net Ordinary Income line and replace the Net Income line with Net Income/LossI can do this after creating a PDF, but I want the report to show this change prior to creating the pdf

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i know this topic has been asked many times but im still finding issues with updating my inventory quantities.  i really need to just update the quantities in inventory assets no were else. If i update them in cogs then when i run a profit and loss report its not giving a true cost off my goods sold as most of my sale reported come from inventory assets account

I get an error when I try to reconcile. I go to accounting, then reconcile and this message pops up Error1: Validation failed

Hello, Hopefully someone can point me in the right direction.We routinely count our inventory.I understand that I should do an inventory adjustment but my questions are: If we find we have more on hand then QBO shows, and that hasn’t been sold yet, which account should we post the inventory adjustment to? Similarly, if we find we have less on hand which account should the adjustment be posted to? Thanks,

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AR report has no Invoice no?

I have made a loan from my company to my other company and I need to add the interest I am charging them to the account. I have the loan account set up as a current asset account but every month the balance needs to go up due to interest. Which account do I use for the interest? 

I need the interest to be calculated automatically for outstanding invoices, and to be shown on customer statements. please!

Where has my CEWS Income account gone to hide??

I noticed that transaction reports by account or by suppliers will not list any transactions recorded in Long Term Liabilities.I have few long term financing loans (5-10 years) for my equipment with quarterly or semi-annual payments. I set up a long term liability account and financial institutions as suppliers. I created a bill, paid the bill with the long term loan which I recorded there, but now when I want to see activity by supplier (in a report or under Expenses/Suppliers/Transaction List, or report on the account, the initial financing amount does not show there. But loan payments made to that account do.I have no clue what is going on and how to report on the status of this financing.There must be a way.

Brand new user here. Want to start my year by entering budget information that I can then track expenses against. The board has approved a figure for each expense category.