There are different ways of handling the issue of writing off open Accounts Receivables due to customers not paying you for whatever reasons. This issue can also be resolved differently if you are an accrual or cash basis tax filer and also if the Accounts Receivables to be written off (to a Bad Debt Expense
Read MoreHere are instructions to receive a customer overpayment then issue a check refund for the resulting credit balance using QuickBooks Desktop. Note: This is not the same as creating a credit memo. Menu: Go to Customers>Receive Payments. Choose the customer in the “Received From” field. Fill in the Payment Amount. Be sure to choose an
Read MoreYou received a customer check payment and it is sitting on your desk and now you want to apply this payment to a specific open invoice. Go to Sales>Customers Find the customer in the list and click to open the customer’s transactions list. Scroll thru and find the invoice that you want to apply payment
Read MoreNote: This is assuming the customer deposit was already booked BEFORE the payment was actually applied to the customer’s open invoice. Be sure that the pre-existing customer deposit is actually booked correctly for this to work. Go to the customer deposit entry in QuickBooks Online and ensure two things here: The “Received From” field is
Read MoreNote: Be sure that your inventory function is active in QuickBooks Online. Go to Gear Icon>Account and Settings>Sales tab>Products and services area>Checkmark the following at the minimum: Show Product/Service column on sales forms Track quantity and price/rate Track inventory quantity on hand Click Save then click Done. Go to Gear Icon> Lists menu>Products and services.
Read MoreNote: Be sure that your inventory/purchase orders function is active in QuickBooks. Go to Edit>Preferences>Items & Inventory>Company Preferences Tab Go to Lists menu>Item List Click at New at the bottom (within the Item menu ) or simply hit Ctrl+ on your keyboard. Choose Inventory Part under Type of item Note: Inventory Assembly items are not
Read MoreMETHOD #1 Login to QuickBooks Online. Go to New>Vendors>Bill Enter your vendor bill and hit save and close. Find the previous check payment made out to that vendor. This is the check payment that you want to apply to the bill. Within the check payment, change the category (account) that you previously assigned this check
Read MoreLogin to QuickBooks Online. Go to the Accounting tab on the left side and click on Chart of Accounts. Find the specific equity account that you want information from and then: Go to the left side and click on the dropdown arrow and click on Run Report. Once the report opens: Scroll to the top
Read MoreOpen Quickbooks desktop and click on the Lists menu and select Payroll Item List. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. You will need to create a new payroll item for the employee deduction portion of an employee’s Health Savings Account
Read MoreOpen Quickbooks desktop and click on the Lists menu and select Payroll Item List. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. You will need to create a new payroll item for the employer match portion of an employee’s 401(k) company-sponsored plan,
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