Transactions

I assume I'm either 1) not recording transactions properly or 2) not thinking about terminology properly. Any suggestions would be appreciated... Is recording tax payments and member distributions via the "Expense" transaction type a best practice? I'm asking because I am doing that...even though I usually think of expenses as "subtractions from revenue to reduce net profit" (which tax payments and distributions are not).Once recorded, I see the transactions labeled "Expense" in the register or in balance account reports, and they just seem wrong.Is there a good way to abstract the Expense term? Otherwise, I'm considering changing the transactions to "Check" in order to arrest this enduring distraction.

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Hi, I'm stuck on a contra issue. I have a customer whom I invoiced £480 for a job which incurred a £60 penalty. I had expected them to pay the invoice in full & for me to pay them £60 separately. Instead they short paid the invoice, I received £420, leaving an open balance of £60. They also issued a bill for £60 which I have entered in QB. So I need to contra one against the other to balance the account but I'm not sure of the best way to do this

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looking for invoice 1300

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Is there anyway to reverse a Sales invoice to create a Credit note without having to manually type (referring to a paid invoice but pricing incorrect)You can copy but cant find reverse?

I previously had a Raven scanner. With one touch I could scan into QuickBooks. The file would save as an invoice in attachments and, when typing up an invoice, I could link the scan to the invoice I was raising. I now have a Scansnap ix1600 receipt edition scanner. I can scan directly into QuickBooks but I cannot get it to scan as an invoice. Does anyone know how to scan into attachments as an invoice? I don't need the invoice to auto-populate, I'm happy populating the invoice. Just want to scan into the area where I can then link it.

Hi QB community! I hope you're all doing great! I'm still fairly new to QB but as days go by and I get more help from this community I learn more and more! This time come with what should be relatively easy and straight forward process for any seasoned accountant. I need to learn how to register a payment on a loan in QB. Previous payments have only been interest and that I can register without any problems. But this month my employer started paying principal and interest. The loan is from an entity called SBA. The payment was for $5,000, ($4530 was for principal and $470 was for interest). In Expenses section of QB I have vendor SBA and so far it only has interest registered there. I would like to find a previous payment from another funder that I can use as guidance. I would highly appreciate hints for this. Also, where in QB should I find the Accounts Payable for SBA? This should reflect the total amount of the loan that I'm going to be applying payment to? Also, should I

Hello, I am importing some transaction and these are the steps I have taken: 1. Downloaded CSV file2. Uploaded them to QB and it worked fine3. Realised that all the debits show as zero (credits are fine)4. Went back into the CSV and formatted the columns to say CREDIT and DEBIT instead of MONEY IN and MONEY OUT5. Saved as a new CSV6. Now QB won't let me upload the newly saved CSV file. Error code:Darn. File upload failed. Please see attached the two formats I tried.  What can I do?

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My payroll entries have been going to the default bank & not my main bank so I can't reconcile them.How can I change the entries to my main bank so I can match them?

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I got business funding through my card payment machine, and I am struggling to know how I can show the loan coming in and then the repayments going back out?? 

  Let us know if you have any questions about managing transactions (adding, excluding, categorising and matching). Post your question below and we'll have an expert that can help you get an answer.    

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For my other companies using onther ERP system I can simply email expenses, and incoming invoices to the account system. When the accountant is doing the quick he can then quickly add these transactions. Is this possible with Quickbooks?

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penalty charges for unpaid overdue invoices