Banking & Currency

We have customers with running account balances who can request a cash advance. The customers is setup in the home currency. However, they may request a cash advance in a foreign currency. When the statement is previewed the amount due has ignored the foreign exchange and does not agree to the aged AR summary list. Am I trying to make QBO do something it was not designed to do or is the statement not calculating correctly?

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Hi, This is for an expense, not a deposit.  We're Canadian but paid a bill to a US shipping company, say $200 USD.  The bank then charged $15 for a wire fee.  In the bank feed, it shows up at $215 debited from the USD account. Since I created an invoice for $200, this doesn't match with the $215 in the bank feed.  I tried creating an expense for $15 for the wire fee (different supplier, i.e. payee is the bank), but QB won't identify that these are related even though they have the same date. How do I match these two expense to two different suppliers to a single transaction in the bank feed?  Or do I have no choice but to exclude this and manually reconcile these two separate expense, is that even possible? Thanks.

I think I must be overlooking something obvious.  I have a supplier with whom we have an account to which I have charged multiple bills during the month.   We then paid the account by e-transfer.   I have now uploaded the current month data from our bank.  The e-transfer shows up as one of the bank account transactions, but I can't seem to figure out what I need to do to apply it as a payment to the particular suppliers account.  Help? 

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I created a purchase order, received the items and entered the invoice. The invoice was paid by selecting the credit card being used instead of writing a check for payment. The credit card statement was received with a mix of personal and business expenses. For the business charges that were paid by credit card, how do I enter those so a check can be paid to the credit card company? I think I use the reconcile but it shows a beginning balance that is not correct. Possibly caused by my not doing something correctly in the past. I'm lost, any tips are much appreciated.

Also, do i need to reconcile the bank acconts? I would think so, as this would affect her financial statements

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I uploaded my VISA statements into QuickBooks Online but now I have a hard time figuring out how to record the charges as expenses paid on the VISA. Honestly, I spent a lot of time trying to figure this out and I'm sure I'm just missing something very simple.  It seems like I need to create a bill for the VISA statement but how do I link the bill to each expense?  Can someone point me to an article or a video that explains step by step what to do after uploading the statements? Thank you very much in advance!

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Sigh. i am trying to reconcile a bank account in a new QB file, but the person who set up the file for me did not enter an opening balance.  If i edit the account, I have the option of changing the opening balance, which seems odd. I followed what i thought were the correct instructions to change the balance (entering it in the account register) assigning the balance to the Opening Equity account.  It posts as a transfer, not a deposit, and i think this is the reason that the balance still shows as zero. Could someone please help me correct this?  Thank you

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Who's issue is it?

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Hello! This is probably one of the silly questions but...How would you do it? Please bear in mind I'm an absolute begginer, I do not have an access to the bank, all I do is posting invoices and recording them on the ledger, then an accountant puts a payment into the account and I need to allocate it to the invoice I raised. Just a bit of backgroud :)  Let's say that there's a company that pays us in advance an automatic payment that they calculate based on rates on their system. We then send them reports of how much we actually delievered during that period and the company takes it into the account and processes adjustments relating to that period with their next automated payments for the next period and so on... The thing is that for example, one month I invoiced them $1000 and they paid $1500. I allocated this payment to the transaction which left $500 of overpayment/unallocated cash. The next month the same thing happened and just this month, I posted my invoice

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