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Activity Feed for George-
- Posted Re: Getting payroll tax payments from bank feed to reduce the payroll tax liability on Banking. 08-15-2019 10:25 AM
- Posted Getting payroll tax payments from bank feed to reduce the payroll tax liability on Banking. 08-11-2019 05:51 AM
- Posted Re: Change an Item mapping on Reports and accounting. 06-01-2019 01:30 PM
- Cheered Re: Change an Item mapping for Rasa-LilaM. 06-01-2019 01:30 PM
- Posted Re: Change an Item mapping on Reports and accounting. 05-31-2019 03:40 PM
- Posted Change an Item mapping on Reports and accounting. 05-31-2019 09:13 AM
- Posted Re: Beginning Balance on my Reconciliation Screen changed. on Banking. 12-13-2018 10:44 AM
- Cheered Re: Beginning Balance on my Reconciliation Screen changed. for DavidSC. 12-13-2018 10:44 AM
- Posted Re: Beginning Balance on my Reconciliation Screen changed. on Banking. 12-13-2018 09:09 AM
- Posted Re: Beginning Balance on my Reconciliation Screen changed. on Banking. 12-10-2018 04:09 PM
- Posted Beginning Balance on my Reconciliation Screen changed. on Banking. 12-09-2018 06:09 PM
- Posted Re: Chart of Accounts to match Schedule C on Talk about your business. 07-30-2018 06:11 PM
- Got Cheered for Re: Chart of Accounts to match Schedule C. 07-30-2018 03:39 PM
- Posted Re: Chart of Accounts to match Schedule C on Talk about your business. 07-30-2018 09:33 AM
- Got Cheered for Re: Chart of Accounts to match Schedule C. 07-30-2018 05:43 AM
- Posted Re: Chart of Accounts to match Schedule C on Talk about your business. 07-29-2018 07:09 PM
- Posted Re: Chart of Accounts to match Schedule C on Talk about your business. 07-29-2018 05:44 PM
- Got Cheered for Chart of Accounts to match Schedule C. 07-29-2018 05:36 PM
- Posted Chart of Accounts to match Schedule C on Talk about your business. 07-29-2018 04:30 PM
George-
Level 3
Member profile
08-15-2019
10:25 AM
Thank you for your timely reply Kristine. My apologies for the slow response as I had difficulties connecting with my client to discuss this. I feel so lost on this matter, but maybe you can help me in steps. First issue - When following your directions on the Pay Taxes link, I received a message that I need to reconcile Tax History. The client has not done any reconciliations since starting using Enhanced payroll in 2017. I can do the reconciliation, but what document do I use to for the beginning and ending balances? Second issue - once I get past the error message above, there is a screen that has listed 16 entries under the "Tax Payments Due" section. There are two types of actions required: First is to "Record payment" on the unemployment tax line items which have the note "Electronic Payment Not Available". All others say "Create Payment". My fear with taking these actions is not knowing the consequence. For the prior year entries, will I screw up financials that already tie to their financial statements? Sorry for the long post, but I do not know where to begin. Thank you again for your help. George
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08-11-2019
05:51 AM
I am new to payroll and am not sure how to handle this. A new client has QB Essentials and Enhanced Payroll. They have payroll tax payments that came through in their bank feed back through February that I need to match to their respective liabilities. I cannot find a way to match them to their tax liability. The only option I can see is to "Add" each transaction from the bank feed, but I do not see how the liability will be reduced.
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05-31-2019
03:40 PM
Thank you for such a detailed reply - I really appreciate it. Their QBE file has 25 years of history in it and I prefer not to change history. Is there any way to pick a cut in date, like the beginning of the year? If not, what do you think about creating a Journal Entry to correct YTD, then change it for future transactions?
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05-31-2019
09:13 AM
I have a new QuickBooks Enterprise client and it looks like she has categorized an item incorrectly as COGS instead of sales, so every invoice that includes that item credits COGS instead of Sales. Unfortunately, this problem has existed for years and her prior years financials are all incorrect. How should I correct this? If I correct the account that the item is mapped to, I would think it would change all the historical financials. Would you just make a JE to correct this year's COGS and Sales balances and create a new item to use going forward?
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12-13-2018
09:09 AM
Thank you again for following up. Unfortunately that link did not help. However I was able to solve the issue. I am totally confused as to why / how, but I found that $800 transaction in my banking items "For Review". I accepted it and all was correct. I do not get it, the Nov '18 transaction had nothing to do with the Jan '18 balance, but it was corrected! Oh well, at least it is correct now! Thank you again for the help. George
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12-09-2018
06:09 PM
Help - I am not sure what I did wrong. I reconciled all months for a credit card account this CY (business started in Jan) and life was bliss. I just started playing with Receipt Bank and apparently added an $800 transaction in Nov '18 that was a duplicate, so I deleted it. Now my Jan '18 reconciliation beginning balance for that credit card account is $800 too high. (What does a Nov '18 transaction have to do with Jan '18 anyway?) The register for that credit card account is correct, and the $800 does not show up anywhere. However I still cannot reconcile because my 1/1/18 beginning balance on the reconciliation screen is $800 too high. How do I bring that reconciliation beginning balance down by $800? (Screen shots attached if that helps.) Thank you to anyone that can help.
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07-30-2018
06:11 PM
That is great - thank you.
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07-30-2018
09:33 AM
Thank you - I appreciate the perspective. I am new to this business, do you know if most tax software programs automatically map the accounts to Schedule C buckets for you anyway? If that is the case, it seems like it solves the problem.
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07-29-2018
07:09 PM
Thank you Lynda - I did not realize that.
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07-29-2018
05:44 PM
2 Cheers
Thank you Lynda. Can you clarify the need for a new subscription if my client incorporates? I use QBO right now, my client is a small manufacturing LLC, but is considering incorporating as he grows. Why would I need to start a new subscription?
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07-29-2018
04:30 PM
1 Cheer
Please share pros and cons of setting up a COA that matches Schedule C - line for line? One potential drawback I can think of is if a client changes to a Corp, then historical Sched C accounts might not make sense. What do you think?
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