When you create a new account in QuickBooks Desktop, pick a day to start tracking all of your transactions. You enter the balance of your real-life bank account for the day you pick. This way, QuickBooks matches your bank records from the start. This starting po...
Your accounts in QuickBooks need to match the real-life bank and credit card accounts you're tracking. When you create a new account in QuickBooks, you pick a day to start tracking transactions. Then, you enter the balance of your real-life bank account for...
bank errors, unrecorded expenses, or timing differences in transaction processing. For instance, if a check is issued but not yet cashed by the recipient, it can result in a negative balance until the check is presented for payment. Similarly, bank errors or unrecorded expenses can contribute...
When there's only a small amount left over, QuickBooks lets you create an adjusting entry. This forces your accounts to balance so you can finish your reconciliation. Consider this as an option when you can't find the source of the discrepancy and there's only a small difference....
1) create a CREDIT MEMO for our customer Register 1 2) add a line item Gift Certificate and the associated QTY, RATE and/or AMOUNT. being redeemed 3) save & close NOTE: no money change hands in this operation. its an accounting action only. the money is in the bank from when the ...
I too have questions on how to enter a credit/refund where I exchanged a product from a vendor for money back. Because of this, I cannot balance my Quickbooks with my bank account and going to the forum on how to 'enter a refund from a vendor' will take me to 'pay bills ...
The card processors still kept their part as per usual, then deposited the funds into my company's bank account. 3. If it's the customer (friends/family) you mean, to them it was just a normal online sale. They just knew they wouldn't get the product its...
I thought this worked perfectly but now my vendor totals are off - showing a negative and an overdue amount so this option does not work to balance the account either. Quickbooks needs to create the ability to match a vendor credit to a credit card credi...
I thought this worked perfectly but now my vendor totals are off - showing a negative and an overdue amount so this option does not work to balance the account either. Quickbooks needs to create the ability to match a vendor credit to a credit card cred...
I thought this worked perfectly but now my vendor totals are off - showing a negative and an overdue amount so this option does not work to balance the account either. Quickbooks needs to create the ability to match a vendor credit to a credit card cred...