Expenses & Suppliers

Supplier invoiced us for their time in a project and we invoiced our customer at the billable rate. Customer paid us. But the amount the supplier billed us shows as Billable Expense Charge in Unbilled Time and Expenses for that project?

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I am using QuickBooks pro 2017 desktop version. I want to perform accounting of multicurrency transactions for year 2017 now. To enter the exchange rates, one option is to manually enter the exchange rates under List-->Current list. But, i want to know how to download automatically (without manually entering) historical exchange rates under list->Currenc list, so to use them during entering and paying multi currency bills for the period 2017.

Hi, I am new to QBO, and recently we have made an inventory purchase for items on a purchase order, on a personal credit card. We then immediately transferred funds from business bank account to personal cardholder account in the exact amount of the PO and charge.  Can you please help on how I should record this properly?  ThanksRyan

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My client is a sole proprietor in the arts and has project-specific expenses that could double as personal expenses. Examples: A haircut and styling for $42 plus a $10.50 tip. $115 for costumes. The transactions have been directly imported from their bank account which is mixed-use. How would you recommend splitting these expenses in QB for reporting while matching bank transactions? Or should I approach it differently?

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One of my employees receives a bonus/commission, next to his salary, for every deal he brings in! But would I job cost that commission to the job that he brought in, since it is an additional expense?!

I have a GST refund due, but the CRA has applied it to a different account, how do I remove this from A/R

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There are same expenses every month. I want to premake them so I can just click and select them instead of typing every time. Is that possible?

I posted this in another thread but that thread has already been answered and only partially applies to my question here, so am starting a new question here. I switched to QBO in January. So far so good. However, up until now I have been using a single credit card for all credit card purchases, whether business or personal. I have auto downloaded my banking to QBO, but given I use the one CC for biz and personal I haven’t set up auto download of the CC statement yet. To date: let’s say I have a CC monthly of $10,000, with biz = $7000 and personal = $3000. I have paid the above split amounts from both a business ($7k) and a personal ($3k) account. When recording the bank statement I then split the $7000 into the respective categories (store supplies, office equipment, fuel, hst paid etc to a total of  $7k). I can see where it would be advantageous to have only a business CC, however that probably isn’t in the cards right now. However if I download the CC stateme

Ok, I have been investigating for about 7 hours now and still no clear solution, this is also the second time I post the question because the first 'answer' from QBO team did not fix my problem since I still see an open balance for the supplier even though they have payed everything and I should see zero. My supplier charged my credit card with 402.48 then refunded me on the same credit card with 0.07 since the bill was for 402.41. I have two banking transactions, same BF supplier, done on the same credit card:One for 402.48 SPENTOne for 0.07 RECEIVED This is what I have done in QBO: 1. Created a bill for 402.41 for supplier BF2. Made a payment of 402.48 on that bill of 402.41 - so that I can match it to the 402.48 from my banking downloaded transactions2.a The payment of 402.48 was applied to the invoice but I got this message "This transaction will create an additional credit in the amount of $0.07", this means that the supplier will owe me 0.07, that is fine

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I recently was in the Pay bills part of QB Desktop and was checking off invoices to pay and also using a few credits from the vendor againt the bills being paid. I made an error on posting. I went back and voided the payment to re do it correctly but now all the credits applied are used up or gone, they did not revert, they stayed applied against the bills. So now I cant even pay the bills that credits were applied to because the credits stayed applied even though I voided the original bill payment. How do I get the credits back to apply them to the correct invoices?