Reports & Accounting

I prepaid to vendors two month before I receive my customer's payments.How to do accounting correctly when I prepaid to vendors? Now I use "BILL" as account payable & "BILL  PAYMENT" (when I remit to vendors). I also use "INVOICE" as an account receivable and send to customers for them to pay in certain date (two month after I pay to vendors). However, here is the issues I have:1. Some transaction go to "PURCHASE" category in the "Profit & Loss Sheet"2. The Cost of Good Sold & sales income is in different month so I can't track the profit for each estimate vs purchase order.3. Is there an accounting category that I can use for prepaying vendors so I can balance it after I receive money from Customers.4. IF above point 3 can happen, how can I track the money I owe vendors or the money that customers need to pay me. Cheers, Jaco

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I need to create several customized Profit & Loss Reports that show the income line and all expense lines for specific accounts. I know how to do most of it, but here's where I'm stuck. I need it to show ALL of the income and expense lines for those specific accounts, even if they have no activity. But when I select "All rows," it gives me all the rows for the entire COA, and they all show zero. I can't seem to get it to give me all the rows, including zero/no activity ones, for just the distribution accounts I have selected.

I have set up partner equity accounts and sub accounts for distributions. No problem taking cash out by Jounal Entry but how do I record the amount being put into the sub account as a distribution of profits?

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Every year I make entries in the GL for buys, sells, capital gains, Eligible dividends, other income, interest and foreign income but the GL is so far out of balance from the statements.  I have followed all the entries from the statements to the GL nothing.DOES ANYONE ELSE HAVE THIS PROBLEM?IS THERE SOMETHING I MIGHT BE MISSING? I am at a loss and it's driving me crazy.  My accountant said not to worry about it but then he questions it when I submit my workAny thoughts or ideas would be greatly appreciated.

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I was wondering is there a way to see how much material there is per job that is created from a bill by using items. Because my manager and supervisors need to know how much materials are being spent per job. I'm able to see a report of each material and what job it has, and all materials per vendor but I need all materials per job which is what I cannot find.

My client has an account I am trying to reconcile but it was set up without an opening balance prior to my involvement. There is no entry I can simply "edit" to reflect the correct opening balance.  How do I add an opening balance to an already existing account?

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How do I record on quickbooks expenses paid from another cheque?And how will I record previously paid transactions?

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I chatted with tech support, but it did not help... how do we post a review on the tech issues/bugs in the app and how long will it take for the QBO techs to fix it?