Reports & Accounting

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Hi and thank you for taking the time to read my question. I have an employee that recently used his personal credit card to purchase inventory. Would this be an expense or still COGS? Ideally I would like to reimburse the employee (through QB Payroll) and then just pay the bill with the corporate card so that the inventory is reflected under COGS. However, obviously if I do this it will record the transaction twice. Once for the reimbursement and once for the supplier bill payment. If I just utilize the payroll reimbursement function it does not reflect in my COGS and instead gets treated as an expense. It also does not allow me to track the purchased inventory.  2 things that I thought of:  1) reimburse the employee through payroll and then reduce the company supplier bill to zero (as the cost was already taken on through the reimbursement), "paying" it so that my inventory is updated. Of course in this case I would be opting to just take this on as an expense

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Hello, I reconciled the December month end, but noticed that 1 of the transactions within uncleared deposits was incorrect.  I'd like to undo the reconciliation, which I can do through the Quickbooks Accountant view and clicking 'undo' in the action column. My question is: will this undo just the 'reconciliation' or will it also undo all of the work in the bank feed for this period such as allocating deposits of funds to invoices and matching cheques to their bank withdrawals? Attached is the screenshot of the warning message upon clicking 'undo'. Obviously I don't want to have to go back and add/match 514 transactions as in the bank feed, I just want to undo the reconciliation now and re-do it as 1 item in uncleared deposits shouldn't be there. Thank you for any help!

I want to send a customer an invoice transaction statement, outlining how much they paid for each invoice. However, when I make a transaction statement it shows the total received but not how much is owing for each invoice and for the full account. Is there a way to show that on the customer transaction statement?

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I'm doing my year end. At end of the previous fiscal year, an expense was accrued. I reversed the accrued expense when it occurred but the expense was $25 higher than the accrued estimate.  How do I get rid of the $25 balance on accrued liabilities which is now showing up on my balance sheet? TIA :)

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In Desktop version you can just generate it, work on it then close it.

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I want to produce a yearend report for our Accountant that shows the balance owing from customers as of our yearend (Feb 2019) with an added column that shows the payments that have been received after Feb.  We do this to show that they should not consider them bad debt for the fiscal year and they adjust for the payments.We have a lot customers and a lot of outstanding invoices at yearend-so doing this manually is a pain! 

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For the months of Aug and Sept, my wages and payroll taxes are not deducting from my income. This is in turn messing up the entire years report. The wages show as being (deleted) and in the payroll expense section, it shows $0. Please help!  Is there something wrong on my end? 

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