QuickBooks Q&A (UK)

Can you have more than one business on you quickbook account?

obsolete bank accounts are showing on balance sheet when doing a report. How do I remove them?

We are using Advanced payroll and have employees on both Maternity and Paternity leave. Making the statutory payments for both categories is fine but we can't find how to make the dates show in the Leave calendar. On other systems the calendar is populated with the dates from the SMP & SPP setup but this doesn't seem to be the case with QB's. There are Leave Categories for both "Statutory Maternity Leave" and "Statutory Paternity Leave" so are assuming this must be possible.  

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Hi we have never accounted stock before as didn't really sell anything.We have just had a purchase from a supplier of stock and want to account for it correctly, at the same time just implemented an epos system in the shops we have.The stock has been set up in the Epos system.My question is: can I replicate this in quickbooks - or is it not worth while? - the stock cost materially is only £2000 I have set the product codes up, and see there is a cost box to tick - I post my purchase invoice to stock - the sales are imported (manually) from epos to QB using product code- does this also then move the stock from balance sheet to cost of sales?(from the tick box for cost) Sorry this is completely new to me and want to get it right.or do I just post the purchase invoice to cost of sales - knowing they will sell in financial year - and just post the sale through QB - possibly do a Journal at year end to account for any left over stock as I will get this info from the Epos syst

Since switching to automated Payroll, my FPS will not submit as gives the following message:Error submitting filing electronically. Error reason:You cannot submit filings out of order. They must be submitted in chronological order. If you have recently submitted a filing, please wait for it to become Accepted or try again in a few minutes.  

Auto tracker has stopped and I've tried everything

How do I sort my auto tracking as has stopped adding them

just starting and im in 'Account & Settings' .................'Company Type' as a Ltd Company which category do I select?     not quite clear?

My quickbooks isn't showing my bank account transactions?

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A payment for an expense invoice was overpaid by £360 to one of our suppliers that they duly refunded back into our account.  I am unable to match the bank transaction to the invoice because the values don't match. Can you tell me how I can process match the transaction with the invoice and the refund to ensure our accounts balance? 

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Why is it not showing the bank details

I have a duplication as the amount is shown as income in transactions but I mistakenly input as opening balance too.  New to QB so any help appreciated.

Hi QB community! I hope you're all doing well! I come seeking guidance. I have an invoice for $3,000 and it was paid through Stripe portal. Stripe charges a fee which is paid by the client. The client paid $3,105 in total. In Stripe portal I see that the fee was for $90.35. The invoice is for $3,000 so there are $14.65 dollars more (this happens with all Stripe payments). Every time a payment is made through Stripe, there are 2 automatic entries created in QB: 1) A JE which amounts to the total paid by the client ($3,105) minus the invoice ($3,000) -in this case $105, and 2) A payment which links the invoice ($3,000) and the recently created JE ($105), in this case for $3,105. Three months ago I would just register manually: 1) a payment towards an invoice, 2) a JE for the excess amount, and 3) an expense for the Stripe fee (in this case the $90.35 I mention at the beginning).  Now that Stripe creates 2 automatic entries (previously described), I doubt whether I sho

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Hi All, I have just run a rule that incorrectly marked a lot of transactions as Bank Charges, when they should have been Loan Repayments. I didn't think this would be an issue, as I thought I would be able to undo them, but there are hundreds (probably over a thousand records) and most of them are in periods where VAT has been filed. When I click undo on them, I get a message saying 'Any transactions in a VAT period marked as filed can’t be changed on the Flat Rate Scheme. If you need to update or correct something, just create a new transaction.' It's not feasible for me to manually create all of these records again, and to create opposing records to negate the con existent bank charges. How can I undo these reviewed transactions? Many Thanks,Steve

Hi,I recently exported the trial balance to QuickBooks. While the closing bank balance shows as £4,000, but there is a beginning balance of -£3,000 that I’m unsure about and don’t know how it appeared.Could you please advise on how to remove or correct this beginning balance?

Hi,  Why is it still not possible to split expenses by location in QBO? Will this feature be added in the near future? Thanks a lot

Hi All, I am setting up our charity on QuickBooks. I have uploaded the Chart of Accounts including the balance sheet Accounts. I am now uploading the opening balances of the balance sheet accounts via Journal Entry. I understand the contra entries for all the balances go to Opening Balance Equity but what are the double entries required to reflect the brought forward Retained earnings balance? Credit Retained Earnings and debit Opening Balance equity too?  Thanks