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  • Moving Expenses in Box 14 of W-2

    From the answer: Hello there,  stmaryssewanee   Thanks for getting back.... Let me share additional insights about moving expenses.

  • Long Term Liability

    From the answer: If the land cost $250K than you have an asset equal to $250K.... The initial liability should also be $250K.

  • Inventory

    From the answer: Posting the bulk fabric purchase to COGS is fine   make your item and create a service item for it, link it to income or product sales income, or ... what you name the income account is immaterial just insure it is an income type   By posting to cogs

  • A/P balance from JE

    From the answer: This is a timing issue.... Reverse the entry in the current year.... Then go to pay bills.... Highlight the vendor and offset with the credits on the right.

  • Where to save portable company file when restoring

    From the answer: I'm glad your first issue is resolved already, Jeffmary1.... Regarding your other concern, restoring an accountant's copy will not mess up your file.

  • Accidentally voided an invoice

    From the answer: I've got your back,  PI1417 .... We've got just the steps that'll help correct this error.... A quick and easy way to resolve this is to recreate the bill and apply the payment, which QuickBooks would now consider as a credit since the attached bill was void

  • Customize Certified Payroll Reports by Work Classification

    From the answer: Hello there, .... QuickBooks Desktop is equipped with a variety of reports that you can customize and filter to suit the data you need.

  • How do I remove voided checks showing in the deposit section of the bank reconciliation?

    From the answer: When you void a check using the built in Void feature, it is marked cleared and so it won't show up in reconcile.

  • Cash income reflects total amount of invoice including amount withheld for retainage.

    From the answer: wrote: Contractor Edition; Ex., Total invoice for $50,000 less Retainage $5,000= $45,000.... Retainage is sent to an asset account until invoiced.

  • Fedex One Rate

    From the answer: Hi there, .... Thanks for reaching out to the Community.... I’m here to share some information about FedEx One Rate service type.

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