Reports and Accounting

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How to delete an unused - unwanted account from the records/QB online?  Chart of Accounts

I am having a lot of trouble reconciling customer and supplier account balances in Quickbooks with other systems that some of my clients use. As a for instance, one of my clients runs a nursery and issues invoices to parents every month. However, parents rarely pay the invoiced amount and will often pay whatever they can afford - in some instances, they will even over-pay at certain times of the year to build up credit they can use at other times of the year (so I have deferred income). The Quickbooks method of showing invoices and payments in a customer account is not very helpful in a situation like this because it is forcing my client to try and create matches between payments and invoices when really they don't exist - reconciling accounts then becomes an absolute nightmare because you cant actually see the payments received on the account screen (what you see is the matches created). Surely it would be easier if there was an option to essentially treat an account as a box in such

I am self employed, and at the moment I am building a bespoke kitchen for a client. When I invoice her, I am also included the costs for the raw materials. I want her to reimburse me for these costs, but also ensure that they are not contributing to my overall income (and skewing my self assessment tax liabilities). Please can someone give me the steps to make sure these are being recorded correctly within Quickbooks Online?

Can you add an opening balance from an income code to s project?

The balance in each of these unused accounts has been transferred so there is no funds in any of them.

I've recently signed up to Quickbooks and I've connected my eBay account to my Quickbooks. However, with this being said, I'm unsure of what I need to be checking off in the drop down work flow lists. What I would like to do is track all of my eBay fees, from listing an item, the sale of an item and then the final sale fees plus postage. I'm unsure as to whether this is at all possible but I'm assuming it is. Would anyone be able to assist me with this matter please.  

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

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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

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I am preparing the annual accounts Financial Statements this year under Work papers for the first year for the limited liability company.  The amount of Depreciation expense on the account "Depreciation" in the Chart of Accounts, is not showing up on the summary P&L or Detailed P&L as Depreciation.

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My clients properties have been revalued + the values have increased.  If I debit the property assets account, which account do I credit?  Hopefully a Balance sheet account.

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Hello all, For various reasons, I have received an early payment credit on my company HMRC PAYE account. I would like to account for this in Quickbooks to reduce my HMRC liabilities account as QBO is currently showing a small liability (equivalent to the HMRC interest credit) which does not exist. This interest payment does not pass through any company account (e.g. bank or cash at hand) and so it is unclear how to record it. How can I record the HMRC interest payment so as to reduce the liability correctly. Thanks  

how do I resubmit a cis suffered report in quickbooks

My accountant is asking if the taxes in QuickBooks self employed are personal expenses. I believed this was a calculation done automatically based on income/expenses.

My Accountant has previously prepared my annual accounts for several years (not in QBO). I would now like to start using QBO to do this but the annual return from my accountant for the year ending 31/12/2023 differs from that in QBO. How do I adjust the figures in QBO so that my figures will be correct for the year 2024?

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I am reconciling my Credit Card statement from 2nd September 2024. Quickbooks is connected to the bank and has transactions as recent as today (22nd September), so the connection remains good. My chart of accounts for the credit card has no record of the missing transaction.How can I either force the transaction to download from my bank or manually add it to the account in quickbooks?

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We've noticed that some invoice entries have their `TimeModified` updated simply when a user views an invoice, without making any changes. Could someone suggests what might be causing the `TimeModified` field to update in these cases?