Filter By
  • How do I apply credits to an invoice using Discounts and Credits?

    From the answer: Hi jerry.wd.123,... To apply the credits to an invoice using Discounts and Credits, we can do the following task: Choose Customers > Receive Payments .

  • How do you transfer fixed assets from one company to another company at NBV?

    From the answer: Definitely, not to Equity account.... Normal entry would be the following for this type of transactions: On Seller's books, for example: Fixed Assets (purchased price at cost) ==> Credit ===> $10,000 Depreciation Expense (for current year, bring it up to

  • How do I change opening balance?

    From the answer: Go to Vendors menu > select Vendor Center > select Vendor on right side of the screen under vendor information, you will notice opening balance entered as bill type.

  • Enter manually bank statements

    From the answer: "I want to enter manually the statements from last year" You don't enter statements; you enter transactions.

  • Where in the Chart of Accounts does the Tax Refund go?

    From the answer: What is the tax filing entity of the business?... If sole proprietor, it would go to an equity account if you are putting the money back into the business account.

  • Bank account and Accounts Payable account

    From the answer: First - i would enter "virual" check to clear the accounts payable of the "paid receipts"  then make an entry to zero out the bank balance.

  • how to restore backup file for mac

    From the answer: Ok the support article is not correct.... Quickbooks>preferences>backup will only allow you to set your preferences and determine the folder where your backup resides.

  • Cost of Goods Sold

    From the answer: Cost of Goods Sold ( COGS) is a specialized account in QuickBooks used to track the cost of Inventory Items that have been sold.

  • Emailing reports directly from QuickBooks

    From the answer: All three of those options are in your program.... Go to Edit menu > Preferences, Send Forms, and look how you set up this function.

  • How do you tell quick books to accept credit and debit cards

    From the answer: Hi smszymoniak.... It must be very exciting to teach QuickBooks!... Accepting credit cards and debit card transactions are all part of our Merchant Account Services.

Qb community
Looking for advice from other business owners?

Visit our QuickBooks Community site.