Great! i learned a lot. i have few questions. 1. what about withholding tax (4.5% or 10%) customers withheld and deposit them in FBR. 2. Some Govt organizations still withheld 20% of the Total GST. e.g. we did an invoice to a customer of Rs. 1,620,497 inclusive of Rs. 235,456.80 GST. The customer withheld 72,922 (4.5%) on the overall invoice. Then the customer also withheld 20% of the total GST i.e. Rs. 47,091 and make a cheque of Rs.1,500,483. how we treat it in QB. 3. we explain well on purchase of fixed assets in QB, kindly tell how we sell an asset or complete dispose off like computers, laptops.
Salam, great Job by you! Sir you did not cover Delivery Challan (DC) Before making Invoice. Our company does not work without DC. How to issue Dc to the customer. Please guide. Jazak Allah
Mostly Companies issues Delivery Challan before invoice to the customer, then customer gives us receiving/(GRN), then we issue invoice to customer based on his GRN. Therefore we believe DC must be incorporated in sales process.
jnb jb ma Discount bhe daita hn aur saath e bad debts bhe krta hmm to Quickbooks Dono amount ko alag alag accounts ma nahi bhejta blke dono ko bad debts wale account ma bhej daita ha. Why? Solution?
Aoa You have selected income discount account, Will it not be an expense discount account...? Because we are giving discount not taking... Plz explain it...
Discount Allowed reduces your income. There are two ways to do this: either show it as an expense or deduct it directly from the income. I have deducted directly. Go to profit and loss account and check impact of transaction. Discount will be shown as negative amount under sales.
sir for any reason if we make any general journal or issue any credit memo to our customer so for that we apply credit to individual invoices by clicking every invoice in customer center and then apply credit but what if we received payment by this option of receive payment will it automatically apply all the credit or received payment to invoices>
@@AccountingPro Dear Sir customer sa like a vendor item purchse ki h hum iski entry kya hogi?? Example: same Customer jo hmara vendor b hai unse 1 Camera purchase Kia h 2000 ka .hum unse 1000 ki supply purchase ki h iski entry btayga jb k hmara ledger maintain hota h both sides. Quickbooks ma kya entry hogi iski kindly guide me...Sir
At 13:37 your allowing a discount of 77.13 after reveiving all remaining payment, but your charging this 71.13 to you discount allowed which is a sub account of you revenue....and your making a mistake by charging it to revenue instead of charging it to Profit& Loss A/C. Should debit P&L a/c with discount Expense.
Excellent
Mash Allah nice
Sir please sale receipt sy related bhe video bana dein or restaurant sy related sales ki video
Great! i learned a lot. i have few questions.
1. what about withholding tax (4.5% or 10%) customers withheld and deposit them in FBR.
2. Some Govt organizations still withheld 20% of the Total GST. e.g. we did an invoice to a customer of Rs. 1,620,497 inclusive of Rs. 235,456.80
GST. The customer withheld 72,922 (4.5%) on the overall invoice. Then the customer also withheld 20% of the total GST i.e. Rs. 47,091 and make a cheque of Rs.1,500,483.
how we treat it in QB.
3. we explain well on purchase of fixed assets in QB, kindly tell how we sell an asset or complete dispose off like computers, laptops.
I will make video on this.
@@AccountingPro thanks we will be waiting
sir agar multiple projects ho to expense alag alag kesi record karey
please explain to when any invoice posted in wrong account, how we can withdraw.
Dear Sir, u are recording discount allowed in direct income but it should be recorded in indirect expense
Yes right main ne income se minus kar dia hay discount allowed tou baat aik he hai.
@@AccountingPro Overall Result would be unaffected but the classification is wrong sir
Minus kesy krny hn
Hello...you did great job... Sir my question is that how can we learn online quickbooks?
There are multiple youtube channels. Go to official Intuit channel for some videos.
Beneficial video
Sir if i get order for bookkeeping in quickbook than they give their link of quickbook me ! otherwise how i do. This is my first time so help me sir!
Dear sir, If I need some iteam, I purchase these items from vendors and If I sale some items to him and how to payment
Salam, great Job by you!
Sir you did not cover Delivery Challan (DC) Before making Invoice. Our company does not work without DC. How to issue Dc to the customer. Please guide. Jazak Allah
Mostly Companies issues Delivery Challan before invoice to the customer, then customer gives us receiving/(GRN), then we issue invoice to customer based on his GRN. Therefore we believe DC must be incorporated in sales process.
Ok will cover it in upcoming videos
jnb jb ma Discount bhe daita hn aur saath e bad debts bhe krta hmm to Quickbooks Dono amount ko alag alag accounts ma nahi bhejta blke dono ko bad debts wale account ma bhej daita ha. Why? Solution?
Hi, I installed QB recently. But there is no option for deposit to. It always goes to undeposited funds. Please guide me to make settings.
Aoa
You have selected income discount account,
Will it not be an expense discount account...?
Because we are giving discount not taking...
Plz explain it...
Discount Allowed reduces your income. There are two ways to do this: either show it as an expense or deduct it directly from the income. I have deducted directly. Go to profit and loss account and check impact of transaction. Discount will be shown as negative amount under sales.
@@AccountingPro
Understand
Thanx
@@AccountingPro ok sir good hu gya
sir for any reason if we make any general journal or issue any credit memo to our customer so for that we apply credit to individual invoices by clicking every invoice in customer center and then apply credit but what if we received payment by this option of receive payment will it automatically apply all the credit or received payment to invoices>
You will have to apply credits manually, however payment will be applied on all invoices automatically.
Sir how to check report of total expenses,spended money on fixed assets and net cash in han ,
What about with holding tax deducted at source plz guide.
Show payment credit effect on customer quick report
Aoa Sir Kindly guide me how to receive purchase from customer and pay amount against customer ledger..
Credit Note dalain ge aur customer se product return le k ussay cash back kar dain ge ya product replace kar dain ge.
@@AccountingPro Dear Sir customer sa like a vendor item purchse ki h hum iski entry kya hogi??
Example: same Customer jo hmara vendor b hai unse 1 Camera purchase Kia h 2000 ka .hum unse 1000 ki supply purchase ki h iski entry btayga jb k hmara ledger maintain hota h both sides.
Quickbooks ma kya entry hogi iski kindly guide me...Sir
How to Add Deposit or Account Receivable Option in payment Received Box
hello, there is no option to deposit to in paymeng receive from customer, it alwayz going into undeposited account? can you guid for setting.
Go to edit menu, preferences, payments and then Uncheck make undeposited funds as default deposit accoubt
Why DISCOUNT is classified as INCOME in COA. Please advice.
Same question why we record discounts in revenue
Sir how to get loan or add loan account in QB
Sir discount expenses hey
Discount income nahi hey
Sir customer humara withholding tax aur 20% SST deduct krta hai wo hum as advance tax book karainge to yeh hum quickbook pe kaise adjust krainge
Iski video bhi upload kar raha hoon very soon.
Sir customer humara withholding tax deduct krta hai wo hum as advance tax book karainge to yeh hum quickbook pe kaise adjust krainge
Stay connected. I will upload all these videos in near future.
How can we link this received payment with the Representative
if we want to calculate the total collection of a rep ?
There is a tab for representative inside when recording payment
Sir WHT and 20% SST deducted Cheque Payment Received treatment tell us please
At 13:37 your allowing a discount of 77.13 after reveiving all remaining payment, but your charging this 71.13 to you discount allowed which is a sub account of you revenue....and your making a mistake by charging it to revenue instead of charging it to Profit& Loss A/C. Should debit P&L a/c with discount Expense.
Excellent