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Experienced Member

Can I clear J.E.'s showing up in my Bank Deposit account made by my CPA to adjust at tax time ? There are 7 total from 2015 - 2017 . Can I move them somewhere else?

 
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Best answer 04-30-2019

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Established Community Backer ***

Re: Can I clear J.E.'s showing up in my Bank Deposit account made by my CPA to adjust at tax time ? There are 7 total from 2015 - 2017 .Can I move them somewhere else?

No, if you move them you will change some historical financial information

 

Since you are paying for a CPA, he works for you, you need to find out what they are for.  Your accountant needs to know QB or things will get screwy, journal entries are rarely used in QB

 

Journal entries should be the exception when using QB, they often do not work as you think they should, and  when you use inventory type items they never work for inventory. It is much better to use the forms on the home page the way QB is designed to be used.    Journal entries also bypass accrual/cash reporting, and will not show on many reports.

2 Comments
Established Community Backer ***

Re: Can I clear J.E.'s showing up in my Bank Deposit account made by my CPA to adjust at tax time ? There are 7 total from 2015 - 2017 .Can I move them somewhere else?

No, if you move them you will change some historical financial information

 

Since you are paying for a CPA, he works for you, you need to find out what they are for.  Your accountant needs to know QB or things will get screwy, journal entries are rarely used in QB

 

Journal entries should be the exception when using QB, they often do not work as you think they should, and  when you use inventory type items they never work for inventory. It is much better to use the forms on the home page the way QB is designed to be used.    Journal entries also bypass accrual/cash reporting, and will not show on many reports.

Experienced Member

Re: Can I clear J.E.'s showing up in my Bank Deposit account made by my CPA to adjust at tax time ? There are 7 total from 2015 - 2017 .Can I move them somewhere else?

Thanks for your reply. I will speak to the Accounting firm regarding this. They should know better as they are a very reputable business and charge enough for the service.