Banking & Currency

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as of two years ago, this could not be done.   What about now?

I incorporated my business a few years ago.  I accumulated some capital, so I purchased one year GICs in within my corporate account.  I am not sure how to itemize the purchase of the GICs in quickbooks.  I read a few suggestions here that make sense, thanks for those.  For example, one suggestion was to itemize the GIC purchase as an expense, and the brokerage of the GIC as the vendor, and the GIC as an asset purchase, so it does not affect profit and loss. Just want to double check.  Thanks Any suggestions? Thanks in advance

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How do I categorize the credit to my bank account for a charge back?

My guess is that some (but not all) of the Undeposited funds are included in the Opening Balance on the Bank Rec?

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Not sure how long I should wait to see the transactions before assuming there is an error and I should try to disconnect and set up again.

As the title says, I had to delete three transfers from my chequing account and re-enter them as cheques for the same amounts. I've reconciled up to November 2022 and the transactions are from January 2022, so I'd really like to find a solution that isn't backing out all of my reconciliations and redoing them.  There's an article that talks about my exact problem, but for some reason doesn't actually offer a solution; see https://quickbooks.intuit.com/learn-support/en-ca/help-article/reconciliation-reports/reconcile-previously-deleted-entered-checking-card/.  Help!

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I want to have credits that are on my credit card and have been processed to show up on the general ledger. I have input them in to the system but am not sure how to apply them. Any suggestions?

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Hello, We are a Canadian company that mostly deals in CAD. We do however have some suppliers located in the USA. We need to set up these folks under our Chart of Accounts > Other Current Liability as USD Accounts, however, QB doesn't give a currency option. We have multi-currency enabled, so I'm not quite sure why we are unable to set the currency at the account level. Any help would be appreciated. Thank you!

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Would you please help me? While I am learning QuickBooks, I need to continue with the Quicken program for my 2022 taxes. Is it possible to download transactions from my bank into two different apps such as Quicken and QuickBooks, while I am learning about QuickBooks? Thanks for your help.

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I keep two bank accounts and 2 credit cards in order to segregate certain business activities within the company. May I easily add an additional Bank account and Credit card?

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the closed credit card activity was summarized and posted to new qbo account. payment also posted to new qbo acct but some activity relates to old acct. other than journal entries, could you merge the two qbo credit card accts that were/are linked to bank? reconciliation still possible?