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From the community
End of year Owner's Draw to Retained Earnings, Owner Equity, or let it accumulate?
From the answer: QB really messed things up for a sole-p IMO.... For a sole-p QB uses retained earnings as the owner equity account, it does not do this any other kind of business organization.
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From the community
Why aren't Billable Expenses showing up on Profit & Loss Statement?
From the answer: Question No. 1: Shouldn't the $1,200 for materials be shown under Billable Expenses rather than Income on the P&L?
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From the community
Remote Access for Accountant
From the answer: Not your complete answer I have a friend who has QB 2014 Plus on a machine.... When there are 4 users.... When someone is working on QB. the "lost of control" only applies on the machine which is being used as the log in machine.
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From the community
How to link Square Payments to an Income Account?
From the answer: square is a payment type, it does not associate with income the items you sell post to the income accounts
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From the community
Back Charge from Customer
From the answer: One way would be to issue a credit memo - on apply to Job # 123 then when the contractor pays the invoices net of the charge back, apply the credit memo.
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From the community
Ho do I change the default "deposit to " options on a Sales Receipt
From the answer: when you record a sales receipt, the funds are posted to undeposited funds then you use make deposits on the home page and select which bank type account to deposit those funds to Items control which P&L or balance sheet accounts are posted to.
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From the community
Get started with QuickBooks
From the answer: You will select Credit Card Account, setup as CREDIT CARD type (liability account) from drop-down.... By selecting this account, it will record the payment and will reduce the credit card balance.
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From the community
IntuitSyncManager.exe Entry Point Not Found
From the answer: Hi aignacio!... Good day! :) I have encountered this issue from my clients and I was able to resolve it by using this article.
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From the community
credit card charges & expenses?
From the answer: You'll need to look at the accounting on the other charges, to see the account type used on them.... It could be they are using balance sheet accounts.
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From the community
Packing Slips.....again
From the answer: Use the Sales Order Fulfillment worksheet (under the C ustomers Menu).... Check the box for the Customer/Order number at the top section of the worksheet.
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