Mine did, as long as you have an internet connection. Suggest test it locally, like take it on your next trip out of the house, away from your home network like at friend's house or other place with WiFi. ... View more

To change amounts in any account, there needs to be a transaction, usually an entry you make or one that comes from your bank or credit card if you are using the automated functions for those. Remember that every entry requires a debit to one account and a credit to another account, so, what account balance are you wanting to change and why?  Then we might be able to assist you. ... View more

When you setup customer or vendor, you should specify payment terms, like Net 30 or Net 15 then this puts due date on customer invoices you create but you can edit on individual invoices when you create them.  "Aging" is the more common name for Accounts Receivable report that shows your open invoices, meaning customer invoices that are not paid yet.  AR "Aging" usually includes columns to show you "how old" invoices are, meaning how long they have been waiting to be paid.  So the first column shows amounts for each invoice, 2nd column often shows those 31-60 days old, next is 61-90 days old, etc. so those on the far right are the oldest invoices and ones you should see payment for next.  Most companies call to collect based on these columns and payment terms.  ... View more

Each bank account should have a separate Account in the QB general ledger for starters.  Then depending on which reports you run, in some reports you can select which accounts you want. ... View more

I assume you are referring to 401k Employer match that was forfeited when employee terminated. I assume the 401k company has that money so you are not having to send payment for 401k match until you have used up that money of yours they already have.  Assuming that amount is less than your current year expense for 401k match, I would consider that amount "prepaid" and I would move that forfeiture amount out of 401k match expense and setup in asset account as prepaid.  That amounts sits on your balance sheet as "Prepaid 401k match" and each month that you will normally calculate the match amount to send to them, do an entry to move that amount out of Prepaid asset account and move it back into the 401k employer match expense account until all used up. ... View more

No, suggest Gusto. ... View more

I am not a QB fan and no longer a QB user but I do have clients I convert from QB to new systems, however, I can tell you that there are several reasons why QB should not price their services based on YOUR revenue volume.  That would not be feasible for them to figure out which accounts you are using as revenue, trust that you are computing correctly nor track those amounts which could change month-to-month, then you want them to adjust your billing based on a moving target?   Plus Revenue dollars are not necessarily indicative of business volume.    I also do not agree with usage limits and changing them after the fact is definitely not cool with increasing the price at the same time, however, those are items they can count to use for billing.  Having done accounting for 30 years, I would argue no small business needs 250 accounts and should learn to use the other system functions such as customers, jobs, items and all of those.   QuickBooks has been underpriced for decades and is just finally catching up with the world so the price is no issue for me but the system just does not work well for my clients in my industry.     ... View more

One exception would be State Franchise Taxes (also often referred to as income taxes since they are based on income).  These are an expense recorded on S Corp books annually.  In CA, we must pay $800 by March 15 each year for the upcoming year even with zero revenue and that is an expense.     Since at year end we owe 1.5% of net income, most companies must pre-pay estimate quarterly to avoid penalties and interest. These payments are booked as Prepaid expense on balance sheet until year-end when the amount owed is known and that amount is then moved to an expense on P&L.   Any overpayment can be refunded or remain in prepaid account to apply to the following year. ... View more

Normal accounting entries alway debit one account and credit another so that you stay in balance. Most credit card entries debit expense account on P&L & credit liability account on balance sheet.  Is that not what is happening?  The credit side is usually a default account you set-up for all entries. The debit side is usually an account you need to select for each transaction based on what it is for. ... View more

1099's are due to the IRS and to payees by Jan 31, no exceptions that I am familiar with. ... View more

If you paid SUTA to MA, I would think so.  I am not an Intuit person, just another user like you. I just know that the 940 is Federal tax form vs state so wanted to help you refine your search. ... View more

940 is a Federal payroll tax return for Federal Unemployment (FUTA).   For MA, would be SUI/SUTA. ... View more

I agree QB Desktop is definitely better for me and clients than QBO but still a far cry from best bet. After doing this work for 35+ years and for almost 100 clients in the last decade, I already know QB costs alot more time and money and ultimately does not meet the needs, so cannot recommend in good faith knowing what is required. I do still have plenty come to me using QB so I usually have at least one QB client in the process of cleaning up big mess to get to compliant, so just inished 2017 for one of those and on to 2018.  I could make alot more money from them on QB since they would need much more help to do all the manual setups but not my main goal to do. ... View more

Good for people to know.   In my case, for all my clients in my GovCon industry, there must be a very clear distinction  between direct and indirect cost, that each of the accounts numbers and names must titled accordingly to classify properly, so having a summary account for COGS/COS does not make much difference except to produce a subtotal for gross profit/margin calculation.     Understand I could create a COS summary account, but no way to get rid of the COGS line at all? There are so many things I would have to change/delete from QB to make it work for me or clients. So I am finally trading in my old QBO for the same system that almost all of my clients use which meets our requirements for project cost accounting and indirect cost rates and allocations.  ... View more

If you sell services, you have no COGS (Cost of Goods Sold), since you are not selling goods.  QB has had that hard-coded for over 30 years and cannot believe it has still never been updated. What you do have is COS (Cost of Sales) which includes the cost incurred directly for what you sell. No such thing as COS = Cost of Services that I am aware of at least not as a line on financial stmts. So you will have to pretend that COGS is COS in order to compute gross profit or gross margin.    Expenses below gross profit to get to Net profit are those costs incurred even when you have zero customers such as office rent, utilities, phones, computers, internet service, etc. ... View more