Solved! Go to Solution.
I'm delighted to have you in the Community, @speeddoctormachi. I'll gladly discuss why your estimate shows as taxable income in your QuickBooks Online (QBO) company.
Here in QBO, when you do an estimate and click the box below the Tax column, it'll automatically show as taxable income on your end, even when it was never settled or delivered to your customer. To fix this, you can update the status of that estimate and change it to Closed. I'll be more than happy to input the steps below so you can proceed. To begin, here's how:
For more information, feel free to visit this article: Create and send estimates in QuickBooks Online.
In addition, here's an article to help you add more details to your reports in QBO: Customize reports in QuickBooks Online.
You can also check this page if you want to memorize your report so QuickBooks will automatically apply your current settings to your latest data in your company: Memorize reports in QuickBooks Online.
It was a pleasure to have you in the Community, @speeddoctormachi. If you have any additional QuickBooks-related concerns or need help with your tasks in QuickBooks. You can always post here again. I got you covered, and I'll gladly assist you. Take care, and have a nice day!
I'm delighted to have you in the Community, @speeddoctormachi. I'll gladly discuss why your estimate shows as taxable income in your QuickBooks Online (QBO) company.
Here in QBO, when you do an estimate and click the box below the Tax column, it'll automatically show as taxable income on your end, even when it was never settled or delivered to your customer. To fix this, you can update the status of that estimate and change it to Closed. I'll be more than happy to input the steps below so you can proceed. To begin, here's how:
For more information, feel free to visit this article: Create and send estimates in QuickBooks Online.
In addition, here's an article to help you add more details to your reports in QBO: Customize reports in QuickBooks Online.
You can also check this page if you want to memorize your report so QuickBooks will automatically apply your current settings to your latest data in your company: Memorize reports in QuickBooks Online.
It was a pleasure to have you in the Community, @speeddoctormachi. If you have any additional QuickBooks-related concerns or need help with your tasks in QuickBooks. You can always post here again. I got you covered, and I'll gladly assist you. Take care, and have a nice day!
Thanks! Its taken care of now. I have other issues with paypal to bank transfers not being recorded right. I posted another question in the community about that.
Thanks for posting back here, @speeddoctormachi.
I appreciate you sharing updates about your estimate concern. I'm glad to know this is already resolved. Also, regarding your PayPal bank transfer issue, rest assured that one of our Community agents has responded to that and provided a solution to help you resolve it.
In case you need additional guides and references in performing your QuickBooks tasks, check out this article: Learn about QuickBooks Online with how-to videos.
If you have any other concerns about managing your customer transactions in QBO, please don't hesitate to post again here. I'm always around ready to lend a hand. Have a good one and stay safe.
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