Reports and Accounting

moved from QB desktop using MMB and bank balances were correct now the open balances have disappeared so cant reconcile

every report defaults to the modern style. i prefer the classic style and have to change each report.

No text available

My accountant has picked up that my sales on my profit and loss are the gross figures but should be the net. How do I do this when using the Flat rate scheme?

Information much appreciated

I have been working with Quickbooks online for a couple of years, and previously used Quickbooks Desktop for many years.  When I inputted all our different funder budgets into Quickbooks Desktop it would automatically pull them together if I ran the Budget vs Actual for the whole organisation.  Quickbooks online does not seem to do this, I spend a lot of time inputting 30 different budgets, then have to download them into one document in excel and add up all the different cost codes each month so I can manually input one budget for the whole organisation.  Has anyone found a way to either do this automatically or can suggest a less time consuming solution?

I want a FA report for period 01.07.22-31.03.23 to include all unrestricted funds Income & Exepediture for the period . Ticked the boxes relating to those categories under customise but they still don't appear. Am I missing doing something? Thank you

No text available

How do you turn this off. I dont like it and I didnt ask for it and It annoys me that they introduced it without first informing me. Im wasting time having to switch back to classic view all the time and Its driving me ( and looking online lots of others ) mad

More detail: the 'link' is still there.  And the option for that bank account is still there.  Yet, 5 years worth of info has disappeared.  I don't understand why this might have happened.  I didn't delete any info from that bank.  

The standard pointers seem to deal with making an account Inactive, not reversing the process.  There's got to be a tick box somewhere ...

No text available

The service includes sale price and cost  price can I cannot see anywhere that the cost  price is report

No text available

Hello.We are incorporating an existing Sole Trade business into a Limited Company. We are primarily a retail shop and cafe. The new company has 2 directors - the previous sole trader and her partner. The business is being transferred as a going concern in its entirety.We have opted to sell the assets (shop stock, equipment, goodwill etc.) to the new Ltd. Company. These assets have been valued. We understand that the Ltd Company should be invoiced for the value of the assets, and we have drawn up that invoice.The Ltd. company cannot pay for the assets immediately. So we have set up a Director's Loan account - this currently only records the cash transfer made from the Sole Trader bank account to the new company.We now want to record the assets which the company has been invoiced for but will remain a Liability for now.I can't get my head around how this should be recorded as ?Journal Entries?. If anyone can walk me through the steps, I'd be very grateful! 

No text available

No text available

No text available

No text available

I own a rental property that has increased in value. I've been advised to record this in an Equity account called "Revaluation Reserve". Looking elsewhere on the QB Community, I've seen that this should be balanced against an "Other Income" account called "Unrealized Gains/Losses". If the house has increased in value, is it correct to put a debit into "Revaluation Reserve" and a credit into "Unrealized Gains/Losses"? 

We are trying to produce a Daily Sales Summary Report (which we were able to do successfully on QBDT.We have customised the Sales by Customer Detail (nearest we could find to DSSR), but there is no option for NETT AMOUNT which is crucial to our reporting.  Does anyone have a workaround?  

No text available

We set our USA clients up in USD.  When i pull a report through it pulls through the GBP.  I need the USD figures that we invoiced the client not the GBP.  I spend hours converting them to USD to send across to the accountant as we are paid in USD. Is there a way around this without having 2 QB accounts one in GBP and the other in USD? Thank you Jean 

Hi all - I just wanted to raise awareness of a bug in QBO We have foreign currency customers and suppliers Currency is USD We have regular, invoices that we simply copy - change minor details - date is automatically updated - then send We have just noticed that the foreign exchange rate (FX) is also copied and NOT auto updated, even though the date changed. The high risk (of forgetting) workaround is to change the date then change it back to the date you want in order to get QBO to update the FX rate with the relevant rate for the date on the invoice or bill. Is this something that can be updated in QBO??  How do we notify the code writers/ programmers?There is significant impact when reporting P&L Regards,Lee

No text available