Reports and Accounting

How can I set an opening date

We are a charity and providing historical Financial Reporting is frequent and vital to obtain Grants. Whilst QBO can produce a 1-year comparison, why not a multi-year one, without needing to repeat the task several times and exporting into Excel?

Why can you not set a specific start date in Quickbooks? It only lets you select a month, what do you do if your financial year does not start at the beginning of a month?Thanks

HelloPlease could you tell me how I can generate a report by a single location and split out by class?Thanks   

As I understand it a sole trader usinge cash acounting only needs Owners Equity and Owners Draw equity accounts. In Quickbooks there are Retained Earnings and Opening Balance Equity acounts, why do I need these acounts and why can I not make them inactive?Thanks

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eg, tax due is showing 10k, but I have had CIS deducted from me for 15k

can i erase my details and start again

Looking through other Community discussions I see that this issue (not a preference) has been ongoing for a few years. Why are the amounts on the Customer Statement in the Open Amount column left aligned and not right?  Seriously who thought this was a good format?  Why can't it be fixed?  I shouldn't have to use a third party app to fix something this simple.  It's not a good look to send to our customers. We recently upgraded our two accounting systems and I now have to use QBO to send out statements.  Overall the format is good, but that is all moot because your eye is drawn to the left aligned numbers.   Is there any chance of a fix to this issue?  

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Hi i don't see a export data tab in settings  on my quick books online version, is this controlled by my accountant ?Richard 

Hi, I am a fairly new user to QB and have just run the new enhanced "transaction list by customer" report. The "amount" column is showing absolute values ie. debits and credits are all showing as positives. If grouping by customer, the subtotal by customer is therefore adding all values together to give an incorrect total eg. a sales invoice of £100 and a customer receipt of £100 are both showing as positive and subtotal to £200 rather than the sales invoices as £100, the receipt as -£100 and a subtotal of zero.  Has anyone found any logic behind this? The same report on the supplier side shows invoices as debits and payments as credits, which is exactly as I'd expect. So I'm at a loss why the Customer side doesn't work the same. Thanks

an example,If car value is GBP 100 and if I have monthly payment of GBP 20 for 5 years under PCP, can I claim full GBP 100 as first year allowance or am I supposed to claim only for GBP 240 (12 X GBP 20)?

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The existing chart of accounts is wholly unsuited to the analytic needs of the organisation.

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After submitting payroll FPS and EPS reflecting CIS suffered to HMRC I’ve paid the balance to HMRC via a direct debit. After matching that payment to HMRC payroll liabilities I’m left with a balance sheet entry for HMRC payroll liabilities which (unsurprisingly) matches the CIS suffered. How do I reflect the ‘benefit’ of CIS suffered in my accounts?

Hello - In my chart of accounts I have an equity already setup 'retained earnings' my company type is set up as sole trader using cash basis accounting. I can neither change the retained earnings equity account to 'owners equity' or make it inactive. As I understand it I only need  'Owners Equity' and 'Owners Draw' equity accounts?

I've just been told by QBO support that the Cash Flow Planner tool is to be phased out globally. I tried to get a link to a public announcement that this is indeed being phased out but no one has (yet) been able to provide public confirmation.The Cashflow planner has flaws, but it could be a really useful tool if some of these flaws could be ironed out.I find that the cash flow planning tool is really useful and would be quite surprised if this is true as removal of a tool seems like a backwards step when the price of QBO keeps rising.How does everyone else feel/think about this tool being phased out? 

Obviously I can select 'Budget format' when creating a new budget, I'm talking specifically about the Import option. I'm only offered 1-2-3 (Time period; download template; upload budget) and the template doesn't offer and subdivision.

When an invoice routed to Accounts receivable is paid, the revenue from that payment is not showing up on the P&L report. This just started happening with a few invoices, other older invoices show up as revenue. How can I fix this issue? 

Hi all,  I'm hoping you may be able to provide some help on the below.  We have built an integration into QBO, which is working successfully and is posting Invoice and Sales Items correctly, however the P&L reporting looks strange.  The sales items are being posted to the correct Financial Account, but within the P&L report, the Financial Accounts seem to be duplicated:Is this something anybody has experience before, and may be able to advise:Why it's happening?How to correct it? Thanks for any help that can be provided! Kind regards, Sam

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I recently set up as a sole trader but I purchased several stock items before I started trading. I paid for these with my personal bank account but now I have a business account which is connected to Quickbooks. My question is can I still sell these through the business, and if so how would I account for this in Quickbooks?

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