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I have two inventory asset accounts. One was created in 2015
I have two inventory asset accounts. One was created in 2015 without using items. I started using items in 1/1/2016. I added the value of the non-item asset account into inventory valuation. My invent… read more
Dr. Fiona Chen
Dr. Fiona Chen
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This is a quickbooks question - One our partners in our LLC
This is a quickbooks question - One our partners in our LLC loaned the company $15000 and it was recorded in an "other current liability" account. We bought a piece of equipment for $12000 using compa… read more
Expert
Expert
Need help creating a Journal entry in Quickbooks 2016 to
Need help creating a Journal entry in Quickbooks 2016 to move Owner Equity Distributions to Owner Equity (2 owners and 2 seperate Owner Equity accounts). Also, what should the date be 12-31 or 1-1 ? I… read more
Mark D
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I have setup a cash transaction(petty cash) account under
I have setup a cash transaction(petty cash) account under bank in quickbooks, it is currently showing a negative balance because I just entered cash receipts as vendor and then coded to the expense ca… read more
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I read some of your answers regarding setting up an Owner's
I read some of your answers regarding setting up an Owner's Equity account in QuickBooks but have some specific questions. The company is an LLC filing as a partnership with two 50/50 partners. Both c… read more
USTaxAdvising
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QUESTION .S. CPA ONLY - Coding draws & expenses in QuickBooks
QUESTION FOR U.S. CPA ONLY - Coding draws & expenses in QuickBooks ONLINE (this is different than Desktop versions). I have 7-8 transactions coded as a Draw to my 50/50 partner in LLC partnership. He … read more
PDtax
PDtax
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Hi, I need an accounting expert who is also a Quickbooks expert
Hi, I need an accounting expert who is also a Quickbooks expert who can answer questions related to that program. I have several questions. One is regarding the closing entries done in accounting. For… read more
BK-CPA
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QuickBooks 2013 - I have an inventory item that the profit
QuickBooks 2013 - I have an inventory item that the profit needs to be split between two accounts. I thought I would just put two income accounts in the inventory list. ( nope won't let me ) then thou… read more
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Hello, we are a C-Corp (organic farm). We donated some produce
Hello, we are a C-Corp (organic farm). We donated some produce to a non-profit and I am not sure how to record it in Quickbooks (QB Pro 2012). I have seen several suggestions online, but the methods s… read more
QuickBooks ProAdvisor MBA PHR
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We are a 2 member LLC using quickbooks. where would the names
We are a 2 member LLC using quickbooks. where would the names of myself and my partner be put within the software? vendors? other names list? I would prefer to chat if possible.… read more
R. Klein, EA
R. Klein, EA
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Hi, I have a Quickbooks question. In my company, I have contributed
Hi, I have a Quickbooks question. In my company, I have contributed money which was put into an Owner's Equity contributions subaccount. I also created an Owner's Equity drawings sub account. That was… read more
USTaxAdvising
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Tyson gave Jon $130 cash which Jon deposited into his personal
Tyson gave Jon $130 cash which Jon deposited into his personal checking account. Jon paid Legal Zoom $243.95 out of personal checking account for LLC. Jon opened business bank account with $100 out of… read more
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How can I reconcile the following payroll problem. Our payroll
How can I reconcile the following payroll problem. Our payroll company did not deduct our employes 401k catch up, however our outside 401K company did in our checking account. The payroll company and … read more
jgordosea
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I have a couple of questions about quickbooks.1. how would
I have a couple of questions about quickbooks. 1. how would i setup the equity accounts for 5 members of an LLC? 2. Each of the members gave 60 dollars to pay the 300 dollar llc registratin fee here i… read more
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My company has propane tanks that we use for rentals. Occasionally,
My company has propane tanks that we use for rentals. Occasionally, we sell a tank, and its always at a profit. Say we bought the tank for $600, and sell it to a customer for $1250. We don't track dep… read more
Richard
Richard
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We use quickbooks but do not track inventory with it ( and
We use quickbooks but do not track inventory with it ( and don't want to!!). For most items this works fine but for some items we get erroneous COGS costs reported when we sell the items. This seems t… read more
Bridget Martin
Bridget Martin
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Is it possible to send a copy of a quickbooks report to a CD
Is it possible to send a copy of a quickbooks report to a CD? I am trying to print out a copy of Capital expenses. When I print out the report, not all of the information shows, it uses "..." instead … read more
Expert00
Expert00
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Master's Degree
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I have your Business and Rental software. I am fine with entering
I have your Business and Rental software. I am fine with entering transactions for the profit/lose statement. Being and LLC, I also need a Balance sheet with Assets/Liabilities/ Owner Equity accounts.… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
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