Reports & Accounting

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how do make a new chart of accounts

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I am a not for profit using the deferral method to account for funds received for contribution agreements.  The agreements have start and stop dates and usually span more than 1 fiscal year.  When received, the funds sit on the balance sheet until recognized as revenue against expenses.  Can I use projects to track the individual agreements?  I thought I read somewhere that you can not use balance sheet accounts.

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I have recently taken over the position as Office Manager for a company. One of the tasks I have been given is to clear out the old credit memos in the system. What is the best way to clean up the these balances? The customers are no longer with us, so my boss does not want to cut checks for the amounts. The credit memos are from 2020, so what would be the best way to handle these? Any and all advice is appreciated! Thank you!

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Canadian Construction industry

Hi there, I'm hoping to find a way to quickly run a report to see transaction items in 1 specific account, where PST has been paid, and the PST amount.Ex:"Supplies""PST Paid on Item"Date   /   Trans. Type    /  memo    /   Account   /   Customer   /   Tax Code(PST&GST/PST)   /   Tax Amount(PST only)   / 

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I am trying to post a Journal Entry that is the same entry I do at every month end but it wont post because of the below message.  Any ideas?  The entry and taxes are all in balance.... Were sorry, QuickBooks encountered an error while calculating tax. Try reselecting the tax rate or reentering the product/service item and saving the form again.  

Payroll entries

How do you record CERS and grants in quickbooks online?

I run an education company that takes fees for programs months before the programs run. For example, we start accepting fees for summer camps as early as february, but don't provide the service until July/August. These are processed through stripe as individual transactions. Should I set up a new account as 'other liabilities' for this deferred revenue and then manually move things over once realizd? Journal entries seem out of the question, as we are talking about a couple hundred transactions.

When exporting a report to Excel, it always creates an extra Sheet labeled "QuickBooks Desktop Export Tips". I have to delete this sheet every time. Is there a setting somewhere that will suppress this?

Hello there, I am now a few months late for submitting my T2, and I must now compose with the fact that I made several personal expenses by mistake with my corporate bank debit card. The problem stem from the fact that my personal card and my business card both look exactly alike, so this mistake was made several times.  Now, I know that I have to file those transactions as "Owed From Others" and repay them personally, but since the T2 dates for a few months ago, I can't really repay everything now as the fiscal period I am filling is now closed — what should I do?

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Is there a way to run a report similar to the audit trail, but for non transactional info? I need to find out who changed a customer's projected end date. The audit trail report seems to only include transactional info.  

I am doing the preparations before migrating from desktop to online, it is required to save a sales tax liability report, but I didn't find it in Supplier and Payable. I tried following steps but still couldn't find the report.(Edit -> Preference -> Sales Tax ->Company Preference -> Do you charge sales tax = Yes -> Ok)And there is no sales tax liability account in our Charts of Accounts, could you please let me know if there are any other methods to get the reports?Our desktop is QUICKBOOK 2013 PRO,thanks 

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Hello:  On a T2 return, does the dividends paid to the shareholder get taxed as a business income, as well as when it is paid out to the shareholder?  So it is taxed twice?   So if, my client makes $50,000, in a year, and takes out $48,000 of it as a dividend, would his company be taxed and also be taxed personally?  I do not normally file T2 returns, but am trying to better understand. Thank you. 

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