Banking & Currency

Hi! We invoice in CAD, but a customer paid us in USD (their head office is in the US). When we deposited the cheque, the exchange rate at the time ended up in us taking a loss against the original value showing in QBO. How do I account for this difference? Thanks 🙂

Why did quickbooks take 500 dollars for a credit card payment from a customer 

Dear Quickbooks Community, I can match multiple bills to one bank payment. How can I do the reverse: matching multiple bank payments to one bill ( Say for bill value is GBP 100, payments made from the bank as £50, £40 & £10  =£100).  Thanks in Advance Badruz Zaman

what is the quickbooks bank account numbers? how to setup bank account with bank account number

I put in a request but am unsure how long it will take to be resolved.

Given this problem, how can it be resolved?

The two accounts are in the same currency.

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Hi there,I had family visit in Ireland and they wanted to convert currency into euro and withdraw immediately the cash so in my quickbooks I have a lodgement and a withdrawal. How do I record this as it was not my own personal earnings- I was just letting them use my account to exchange? Thanks for any help! 

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The old bookkeeper made errors n the bank reconciliations for 2020 & 2021. I have tried to remove the 'R' but that is a lot of entries to remove the 'R'. Then when I go to reconcile the bank the beginning balance is out.

bank feed from quickbooks desktop to quickbooks online

I have four visa transactions in my feed that I didn't make and don't show on my online visa statement or bank statement.  But it says "Visa CAD" beside each charge in QB.  Triple checked.  Only in transactions.  I've attached a screenshot of 3 of them and again - these are not showing on my visa. How is this possible? ~Mike 

They have been paying their personal expenses from the same account.  We will be setting up separate bank accounts.  Just trying to clean up what has been done to date.  

I am considering whether to use the payroll direct deposit function now, I want to make sure whether the direct deposit is done at the same time when I submit the payroll.Can I print out the paystubs and let the employees to check the paystubs first , if there is any mistake, so I can fix it before I run direct deposit?For example, I printed and issue the paystubs to employee on may 15, and pay employee by direct deposit on may 18  Thanks  

I selected a wrong date when import the bank transactions by bank feed. For example,  the bank transactions data start from Mar 2022, actually I need the bank transaction data start from Jan 2022. How can I deleted all imported data in " For review" and "Excluded" tab without affect any accounts or financial reports in QBO, then redo the bank feed? Thanks 

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Hello, I'm a newbie to this program.I'm using QuickBooks pro desktop 2018, and I have a question.I have two Bank accounts, which is USA and CAD dollar account.I usually use the CAD account for bill payments, but receive the account receivable as the USA account.In this situation, the CAD account got a lot of minus numbers, so I want to split the incomes and expenses when I confirm the AR.Is there a way to split the incomes and expenses when I deposit the AR?

Posted transactions to undeposited funds to group in a deposit. When I go to deposit the account does not show up.

It is prompting me to create new entries in QB for these transactions but they already exist and were previously cleared.

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My home currency is CAD and I have both CAD and USD deposit accounts. When I compare bank statements with the QB chart of account for my USD Deposits account (both shown in USD) everything lines up. All the transactions match, the balances in USD match. It's all good. The problem comes when I run a balance sheet report. My initial thought was the USD account balance would be converted to CAD at end date exchange rate and put on the balance sheet. For example if the bank statement and QB chart of account both said USD 1,000, the balance sheet would show CAD 1,280 or something. Instead, the balance sheet is showing a notably higher value: CAD 1,550. From what I've been told by support, this is capturing the gain on forex. Where we just happened to transfer CAD funds into the USD account when USD was weaker, and we had USD outflows timed when USD was stronger comparatively. I understand forex gain, but I don't understand why it's included in the asset balance. Is there a wa

Solved by performing a mini reconciliation. I have deleted a cheque from july 2019 and then recreated, went back in the bank account, and ticked the transaction so it would show as clear again.I assume it was all ok until I started March Reconciliation and noticed that the beginning balance was off and the cheque I have deleted and recreated now shows in the list of march reconciliation.I know in Quickbooks online you can mark with R but I use QB Desktop Enterprise 2020.Undo the reconciliations isn't' an option, I have thousands of transactions from July 2019 to Feb 2020, I know I can fix the opening balance but there should be an easy way to do this....Any help is appreciated