Activity Feed for JanJaw
- Posted Re: go to Edit > Preferences > Items & Inventory and enable I... on Reports and accounting. 05-20-2019 01:17 PM
- Posted Re: go to Edit > Preferences > Items & Inventory and enable I... on Reports and accounting. 05-20-2019 09:52 AM
- Got Cheered for Experiencing the same thing. Transactions just mysteriou.... 04-17-2019 07:44 PM
- Posted Re: Opening balance equity/account setup on Reports and accounting. 03-26-2019 02:19 PM
- Posted Opening balance equity/account setup on Reports and accounting. 03-08-2019 09:02 AM
- Posted Re: Didn't depreciate computer equipment all year -- how to tackle depreciating for year end and moving forward? on Reports and accounting. 02-22-2019 09:37 AM
- Posted Re: Opening balances for a prior year need to be corrected. on Other questions. 02-14-2019 07:08 AM
- Posted Opening balances for a prior year need to be corrected. on Other questions. 02-12-2019 07:58 AM
- Posted Re: QB Community "Rules of the Road": Welcome Video, Discussion Guidelines and More on About QB Community. 02-12-2019 07:24 AM
- Cheered Re: Reimbursements for Rustler. 02-05-2019 06:46 AM
- Posted Re: Federal Forms 940 and 941 stuck at "submitted to Intuit" status for a week on Employees and payroll. 01-08-2019 03:09 PM
- Posted Re: Federal Forms 940 and 941 stuck at "submitted to Intuit" status for a week on Employees and payroll. 01-08-2019 03:06 PM
- Posted Something is causing it. I use 2018 version. Perhaps the... on Banking. 12-10-2018 09:31 PM
- Posted Experiencing the same thing. Transactions just mysteriou... on Banking. 12-10-2018 09:31 PM
- Posted How to record an employee payroll deduction that will be used to reimburse the employer paid insurance premium? on Employees and payroll. 12-10-2018 10:34 AM
JanJaw
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Member profile
05-20-2019
01:17 PM
My screenshot: I have QB Pro 2018 and from what I'm reading, I should have basic inventory tracking ability. Mine has only three choices, and doesn't look like your screen shot. I don't need advanced inventory tracking as I have only a few inventory items that I would want to track. Don't know where to go from here to add inventory items. The only choice is "non inventory part"
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05-20-2019
09:52 AM
I see the menu path but Enable Inventory is grayed out. Cannot select it. I have QP Pro 2018 desktop
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03-26-2019
02:19 PM
Well, I did some research and watched more QB Youtube videos. These were very helpful. I believe the problem is solved. Whew!...for now.
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03-08-2019
09:02 AM
This is a complex question. Let me start with some background: Our previous accountant is from an outside agency. I was hired to do this work internally. This means all bookkeeping, payroll, and tracking grant income and expenses for our bio research company would be transitioned to Quickbooks internally. This previous accountant did not provide 2017 financials to me when I started in Feb 2018. Multiple attempts to obtain a smooth transition, did not happen. I was forced to start from scratch, work backward in some cases to establish AP and AR for this already existing company. After a year of transactions, I produced our P&L and Balance sheet so our CPA (former keeper of books). He said it was all wrong and that I should have entered in opening balances, retained earnings from 2017 (remember I never had this information) and spent the year trying to obtain it through multiple canceled appointments and nothing sent electronically so I had to account TBIC (the best i could). Eventually he provided something in Jan of 2019, so I went back and entered these opening balances. But when all said and done, I still have a net income line which he says I shouldn't have. I closed out 2018 and QB made that closing entry that shifts everything to retained earnings but it affects 2019 not 2018. He is demanding that I shift net income in 2018 to retained earnings so he can file our taxes for 2018. I don't know how to do this and making him frustrated. There is no account for "net income" but I have one for retained earnings. What journal entry do I make to satisfy this CR and DR? I will address the opening AR and AP in another discussion.
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02-22-2019
09:37 AM
Thank you for posting this detailed question! I began my job one month earlier that you. I inherited an incomplete set of books from 2017 to set up 2018. I have the same question, and have just requested support from our accountant to tell me exactly what entries to make.
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02-14-2019
07:08 AM
Thank you for your reply. I have since figured out how to adjust these opening balances this late in the game by viewing a few QB YouTube videos. Everything looks good now, but I still feel mystified by the rough transition into this role. I felt I was supposed to have access to this information from the beginning, and I also know there are ways to convert files from one system to a new QB setup that would have helped as well.
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02-12-2019
07:58 AM
The dilemma: In February of 2018 I set up Quickbooks in order to start keeping books on an already established business. The accountant who previously kept the books was vague in providing past financials and other necessary data. It was to be coming, but it never did. I had opening bank account balances but not equity or AR or AP data to start with. Things were rolling so I had to start doing business. I entered vendor and customer data as it came along. Now it's 2019 and I submitted our financials to this same accountant to file our taxes, and she said your balance sheet isn't right because you didn't enter this information...(the financials that I needed from the beginning). She provided in the email in 2019. This involves AP of $7,000+. I don't know anything about the vendors or the transactions. Also there are equity accounts that I think I can deal with but would listen to advice. The Question: How do I enter an opening AP balance then write it off, as I think I've already entered and satisfied any vendors we owe money to. There's also an opening balance of a negative retained earnings to deal with.
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02-12-2019
07:24 AM
Kind of confused. I once was able to start a discussion, and your "Rules of the Road" tell me I can do that, and that I am to see a green rectangle button with the words "start a discussion". BUT the problem is, the button is no where to be found. Where is is? I signed out, logged back in, scrolled to the bottom of the screen, went to the top, clicked on the three little dots, checked under My Profile and found nothing.
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01-08-2019
03:09 PM
I just sent in my SS forms and got a response at lightning speed. It appears that govt shut down is the reason the Fed forms appear stuck. After my 4th call to payroll support, I finally got someone to send me an email confirming this. Prior to that, I did not have confidence that agents were knowledgeably understanding my question. I heard a lot of clicking on keyboards and then I would be asked the same question I just explained prior. I've decided to wait now that I have the email. Not feeling so nervous.
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01-08-2019
03:06 PM
Government shut down appears to be the reason. After my 4th call to payroll support, I finally got someone to send me an email confirming this. Prior to that, I did not have confidence that agents were knowledgeably understanding my question. I heard a lot of clicking on keyboards and then I would be asked the same question I just explained prior. I've decided to wait now that I have the email. Not feeling so nervous.
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12-10-2018
09:31 PM
Something is causing it. I use 2018 version. Perhaps the reason this thread has been silent for 8 months is because we simply adjust and redo. I assumed it was something I did until I experimented with my backup, because I suspected I could catch it in the act (humor intended), and I did. Then I stumbled upon this thread. The nature of our business causes us to have few transactions and most of them are month end and predictable. Some people don't have the luxury to re-reconcile like I have done. I do work in my check register and tabbing over making a mistake could happen, however, it's a mystery why it's many months back not the current month that's affected.
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Experiencing the same thing. Transactions just mysteriously get un-reconciled. This time I did a back up of my company. Then reconciled my statement for October. All was well. I will have no more transactions for this month so went I to reconcile November too and noticed that transactions from way back in May 2018 re-appeared for no reason. Checked audit trail, no, I didn't change anything that would have this affect (of course I knew this). Restored my previous back up and proceeded to reconcile for November 2018. This time the May transactions stayed put. Definitely something going on.
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12-10-2018
10:34 AM
Our company pays for the total premium of our one full time employee that has elected to receive insurance benefits. The employee is supposed to pay a portion. The premium is deducted from our bank account on the first of the month in full. I want to deduct the employees portion from his paycheck and reimburse our company. I followed instructions and set up this deduction in payroll. However, now it creates a liability that has already been paid and wants to electronically pay this liability. All I want is to reimburse the company for the employee portion of the total premium already paid. I also want the total to reflect as an expense on my P&L. I realize these are two separate transactions. The first being the ins. premium that correctly shows as an expense. But the deduction from the employee paycheck is confusing me. I simply want this to be a negative expense but set up is trying to pay a liability.
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