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Thank you everyone who responded. I have no more questions at this time. Goodbye!
Hi there. How do you make a deposit to the Other Liability Account? In QBO, I only see Deposits to bank accounts. Thank you.
Duh. Sorry. I found it. Have a good day
Hi there, newyorktutor.
I'm happy to hear you found out how deposits can be made into your other liability account. I've included a couple resources below which may come in handy for the future:
If you ever have any questions, please don't hesitate to reach out to the Community. I'll be here to help. Have a great day!
there is NOTHING simple with QBO
if QB knew accounting then things would work the way they should. I would suggest a "real" accounting software like Sage or something. Hate that my Co. works off QB!
Any other accounting software I have ever used allows you to put in a "void" date so you can void the check in the period you are actually in. It then debits the check amount back to the checking account and credits accounts payable and opens the invoice back up for payment. I have never worked with accounting software that requires you to do all of this manually. This makes no sense. It is such a common thing. I don't understand why Quickbooks hasn't fixed this issue.
Yes, the fact that QBO doesn't allow you to choose a date for the void is further evidence that it is amateur software.
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