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  • Need to make sure I'm handling Owner Equity and Owner Draw correctly

    From the answer: You have it basically right.... Any money you draw out of the business for personal use during the year is <Owner Draw>.

  • Setting up a DBA under existing S-Corp

    From the answer: wrote: I own a pet salon and use QB desktop.... My husband is just starting out as an independent barber and I wanted to set him up in my QB as a dba.

  • I received email but I don't know how to respond. My issue was a new client was attached to another client file when I set it up. I was told to click Sales from the left menu. There is no &quot;sales&quot; in the left menu bar.

    From the answer: Allow me to join in this thread,  SB55 .... I appreciate you for elaborating the situation.... The detailed information you've provided can help me look for a resolution.

  • Sales Tax Liability report

    From the answer: All items are tagged as taxable on the invoice.... In fact on the Sales Tax Liability report, this invoice is correctly included along with other invoices in the Total Sales & Taxable Sales.

  • I run Quickbooks Premier 2018, and am trying to assign accounts for a 5th rental property to a Tax-Line item Fm. 8825, but they're all taken by my other 4 properties.

    From the answer: Tax mapping has its shortcomings and is as such overrated.... A CPA would look at your P&L by Class where you should have set up each property as a class and would not even look at tax mapping.

  • Issuing refund check for multiple credit memos?

    From the answer: No, your steps won't do it.... They will leave open credit memos and an unapplied refund check.... This will cause issues for AR reports and any cash basis reports including financial statements including the P&L and Balance Sheet.

  • Backup Withholding

    From the answer: Hi, Allied3 .... I already updated my post above with the complete details, please check.

  • Bank reconciliation

    From the answer: Hi there, Susan123.... It's nice to have you in the Community.... I'll be happy to help share a few insights to find out what's causing the difference between your reconciliation report and register balance, and get this straightened out.

  • Is there a way to set up a Buying Group?

    From the answer: Hello there, .... I want to provide some details on how you can create a vendor lists hat has multiple sub-vendors.

  • Marking an estimate as closed.

    From the answer: I am not sure about the layout in mac but in windows on the ribbon bar (or anywhere else for that matter) look for a make inactive button/icon or check mark setting It is a long standing bug in QB that estimates do not close when creating an invoice

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