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Related Financial Software Questions
When entering an inventory expense from a credit card, is
When entering an inventory expense from a credit card, is the transaction entered as both a liability and COGS? This is for accrual accounting in Quickbooks for a S Corp.… read more
Carter McBride
Carter McBride
Accountant
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I've synced some accounts receivable invoices with my
I've synced some accounts receivable invoices with my quickbooks that didn't need to be, and I need I made a journal entry to correct, debit income account, credit accounts receivable. Now my receivab… read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
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The inventory valuation detail is duplicating negative
The inventory valuation detail is duplicating negative inventory entries using the same invoice number but the information does not show on receivables. … read more
Jeff Ray
Jeff Ray
Graduate of B.S. Computer Science
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
President
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i need to make a journal entry to zero one item i sold from
i need to make a journal entry to zero one item i sold from inventory can you please help me with the steps… read more
PDtax
PDtax
Owner
Master's Degree
4,753 satisfied customers
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
PDtax
PDtax
Owner
Master's Degree
4,753 satisfied customers
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
QuickBooks ProAdvisor MBA PHR
Master's Degree
85 satisfied customers
We are reconciling the payroll account for year end and realized
We are reconciling the payroll account for year end and realized that the payroll manual checks entries have been duplicated. The were initially processed through the purchase journal and then posted … read more
QuickBooks ProAdvisor MBA PHR
QuickBooks ProAdvisor MBA PHR
Master's Degree
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We are using Quickbooks Enterprise for Manufacturing. It does
We are using Quickbooks Enterprise for Manufacturing. It does not handle inventory well. Over the past years, we have done a physical count and made adjustments to the Inventory Asset account using an… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,692 satisfied customers
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
IT Manager
IT Manager, Consultant
799 satisfied customers
Our quickbooks has multiple companies set up. We had a book
Our quickbooks has multiple companies set up. We had a book keeper entering information through July 31, 2012. I am trying to finish off the year and it looks like she entered the check register on on… read more
ezcpa
ezcpa
Certified Public Accountant
Bachelor's Degree
75 satisfied customers
I recently purchased quickbooks pro 2013 for my startup online
I recently purchased quickbooks pro 2013 for my startup online retail store. Some of my inventory is purchased ready to sell from vendors, and some is made from raw materials that I purchase from vend… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
897 satisfied customers
Looking for away to set up a "wash " account for my quick books
Looking for away to set up a "wash " account for my quick books for our "trade in" boat sales line for QBs. As you know these number do not mean anything . As of right now it pulls out of my COS which… read more
ezcpa
ezcpa
Certified Public Accountant
Bachelor's Degree
75 satisfied customers
how do I reconcile journal entries in quicbooks? They dont
how do I reconcile journal entries in quicbooks? They don't show up in the bank rec.screen.… read more
R. Klein, EA
R. Klein, EA
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Master's Degree
2,692 satisfied customers
my bank is asking for my balance sheet in which i am seeing
my bank is asking for my balance sheet in which i am seeing that my tools,equipment,and parts inventory is not . I want to know how to add them, because these are my assets in my business. I am using … read more
Bridget Martin
Bridget Martin
Consultant
Bachelor's Degree
620 satisfied customers
I need to enter the inventory I ordered and show I paid thru
I need to enter the inventory I ordered and show I paid thru owner contributed capital and I don't know how to do this. I can't use "write check" or "enter credit card". I am using Quick Books for my … read more
Bridget Martin
Bridget Martin
Consultant
Bachelor's Degree
620 satisfied customers
I am trying to run a report of expense; some expense were partially
I am trying to run a report of expense; some expense were partially reimbursed and for years the way I handle that is by making a journal entry to record the reimbursement and (in some cases) sending … read more
David Bennett
David Bennett
QuickBooks Accounting Technician
Certificate of Accounting (Honours)
91 satisfied customers
How do you make a journal entry to either the Accounts Payable
How do you make a journal entry to either the Accounts Payable or Accounts Receivable GL accounts WITHOUT creating an open entry to a vendor or a customer? I think the answer now lies in making specia… read more
David Bennett
David Bennett
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Certificate of Accounting (Honours)
91 satisfied customers
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