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Questions tagged [quickbooks-online]

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0 votes
0 answers
32 views

How to tell when past periods have been changed?

In Quick Books Online, suppose a period is closed but then someone goes back and edits it. Like maybe they add some new expense for something that was 6 months ago. Is there a way I can see any sort ...
BVernon's user avatar
  • 183
1 vote
1 answer
786 views

How to record house sale in Quickbooks Online

My wife and I recently sold our house, and I'm trying to record this sale in Quickbooks Online (we use QBO for our personal/family finances). We had several deposits made to our bank account (most on ...
HouseSold's user avatar
1 vote
0 answers
325 views

Is it possible to export GIFI from QuickBooks Online?

I use QuickBooks Online for my business transactions. Now I need to do corporation tax return and I want to use UFileT2 for this. So I need to import data to Ufile. For import I need to have GIFI ...
Alexan's user avatar
  • 740
2 votes
1 answer
1k views

quick method of accounting in QuickBooks online

I use QuickBooks online for accounting. For collecting sales taxes I choose Quick method. But I don't know how I can use it in QuickBooks online. I found the following question on Quickbooks forum: ...
Alexan's user avatar
  • 740
1 vote
2 answers
484 views

Reconciling transactions reimbursing myself for expenses as self-employed (UK)

I am a sole trader in the UK (technical description of being self employed) and have signed up for QuickBooks' Self Employed package. I have a separate account for business transactions with a ...
ScottMcGready's user avatar
0 votes
1 answer
4k views

Credit card expenses showing as Liabilities in QuickBooks

I have a business and I have a company credit card. I have linked this card with my QuickBooks online account. When I pull a "balance sheet comparison" report for the year, it is showing an amount in ...
Josh's user avatar
  • 145
3 votes
1 answer
6k views

Quickbooks Online 'add' vs 'transfer'

In Quickbooks Online, when processing 'bank transactions' is there any effective difference between 'adding' the transaction with 'add' vs. 'transfer'. In my head, it's all double entry... and there ...
zanerock's user avatar
  • 133
2 votes
2 answers
2k views

How to reconcile a credit card that has an ongoing billing dispute?

I currently have an ongoing billing dispute/inquiry on my American Express Business Charge Card that is causing me problems when reconciling this account in Quickbooks. Since my statement balance ...
Brian David Berman's user avatar
2 votes
1 answer
3k views

Paying myself a distribution caused a negative Owner's Equity account balance? Is this normal?

I just paid out my first distribution from my LLC. I wrote myself a check for $200 (example), using my business account and selected Owner's Equity. When I look at my summary of accounts, I notice ...
Brian David Berman's user avatar
1 vote
1 answer
14k views

How to report a bill was paid in journal entry?

I have a couple bills in my name in QuickBooks from business expenses that I paid for personally. I have since paid myself back ("paid the bill") but it was during the early months of my business (no ...
Brian David Berman's user avatar
3 votes
1 answer
5k views

How to record expense sheet as journal entries in Quickbooks Online?

Let's say I own a business and I make 3 business-related purchases on my personal credit card in August. Given the following example expense report: 08/01/2011 - $20 - Web Hosting 08/05/2011 - $130 -...
Brian David Berman's user avatar
1 vote
2 answers
4k views

Quickbooks Online "restore point"?

I am considering redoing a large portion of the way I have been managing my books in Quickbooks Online. I would like to create a "restore point" of some kind though, in cases I end up messing things ...
Brian David Berman's user avatar
2 votes
1 answer
2k views

How to account for money earned and spent prior to establishing business bank accounts?

In terms of QuickBooks... How does a newly started business, an LLC in my case, account for payments received and money spent PRIOR to having organized business bank accounts in place? Is there a ...
Brian David Berman's user avatar
3 votes
3 answers
736 views

How to account for a shared mortgage in QuickBooks Online?

I co-own a house with two unrelated friends. We have a single mortgage that we're each responsible for our fraction of. We've been keeping track of our payments in a spreadsheet but for a variety of ...
Leopd's user avatar
  • 181