Is there any way for a payment to revert from record deposit to recieve payments? (e.g. I have 2 invoices and I have clicked recieved payments direct payment is the method. Now lets say i made a mistake i want to revert the recieve payments. Is there any way to do that? Thank you
Firstly, Thank you for this video. I am grateful to see that you are using Quickbooks Desktop which my mode of choice. However, I would love your feedback/thoughts about the benefits of Quickbooks Desktop vs Quickbooks Online. I personally just prefer everything locally and want to limit my information exposed to the cloud. Thank you in advance.
Thank you so much! I worked with a cpa before, and clients sometimes clients use their personal account money to pay for their business tax prep fees. How do we record the payment to separate business account from personal account? Thank you!
I have a rental company for walkies I just open with inventory, When I create a invoice it deducts from my inventory, how do i put it back into inventory after the invoice is paid
We have a school and charge a deposit (another word for early payment) toward the next year's tuition in the current year. Before I arrived, they were charging a pre-paid tuition(liability) account for the deposits. Now I have money in this account (liability) and I'm not sure the best way to get it applied to the invoices that were created in the new fiscal year. I've read that I can change the liability to A/R and apply the funds as a credit, but some entries are multiple families in one deposit. QB only allows one A/R per deposit. How do I get this applied to the invoices and erase the transactions in the liability account?
I too am a new school treasurer and will be soon receiving deposits for next school year. Not sure what to do with those funds. Following to see the answer.
Hello, I have been trying to get my POS system to link our daily sales to the record deposits box but it won't. It sends it directly to the COA. Also notice that when I try to reconcile they aren't there. Not sure what to do at this point. Everything seems to be set up correctly 😕.
Hello Thank you for this video. I wish I would have seen it before I screwed it all up. I didn't have my preferences set up to auto apply the payment to the invoice and now I have pymts paying the incorrect invoice. Also I have a client and his wife with separate invoices but the husband pays all the total bill with one payment how do I enter this?
Unfortunately you would have to show 2 separate payments to apply to each invoice. Going forward what you could do is set them up as one client with each of them as a “job” so to speak so they can have separate invoices but the payments applied to one client
I am confused, the invoice was made by the client a year ago, now in 2022, I am registering the accounting, how do I register that invoice in the accounting to use this customer pyment process? thank you and be able to apply the deposits you made to the client and I see them in the bank feed
Hi! Can you explain the proper way to split a payment for two different companies in Quickbooks Online? We have two companies with similar names. Common ownership, but two completely separate entities. For example sake, one is called Push Bar LLC (Company A) and one is called Pull Bar LLC (Company B). When customers send payment, they send to Company A...they don't know some of the product was sent from Company B, they only know about Company A. It is not feasible to ask the customers to send two seperate checks. What is the proper way to receive and split this payment in QBO without creating an expense for one company?
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Is there any way for a payment to revert from record deposit to recieve payments? (e.g. I have 2 invoices and I have clicked recieved payments direct payment is the method. Now lets say i made a mistake i want to revert the recieve payments. Is there any way to do that? Thank you
Firstly, Thank you for this video. I am grateful to see that you are using Quickbooks Desktop which my mode of choice. However, I would love your feedback/thoughts about the benefits of Quickbooks Desktop vs Quickbooks Online. I personally just prefer everything locally and want to limit my information exposed to the cloud. Thank you in advance.
Thank you for the support…now I can do the job with more confidence.
You’re welcome!
Thank you so much! I worked with a cpa before, and clients sometimes clients use their personal account money to pay for their business tax prep fees. How do we record the payment to separate business account from personal account? Thank you!
You should check out all the videos on my channel. I have some on that exact topic!
Thank you for valuable information
You’re welcome!
In this screen if you add a memo number does it move to your deposit slip?
I don’t believe so but you would have to test it out to make sure
Please show how to send batch invoice and aging report? Thank you!
I have a rental company for walkies I just open with inventory, When I create a invoice it deducts from my inventory, how do i put it back into inventory after the invoice is paid
We have a school and charge a deposit (another word for early payment) toward the next year's tuition in the current year. Before I arrived, they were charging a pre-paid tuition(liability) account for the deposits. Now I have money in this account (liability) and I'm not sure the best way to get it applied to the invoices that were created in the new fiscal year. I've read that I can change the liability to A/R and apply the funds as a credit, but some entries are multiple families in one deposit. QB only allows one A/R per deposit. How do I get this applied to the invoices and erase the transactions in the liability account?
I too am a new school treasurer and will be soon receiving deposits for next school year. Not sure what to do with those funds.
Following to see the answer.
Is it possible to create 1 payment for invoices of 2 different customers?
No it’s not
Hello, I have been trying to get my POS system to link our daily sales to the record deposits box but it won't. It sends it directly to the COA. Also notice that when I try to reconcile they aren't there. Not sure what to do at this point. Everything seems to be set up correctly 😕.
How can I find e-check in QuickBooks
Can you be more specific?
Hello Thank you for this video. I wish I would have seen it before I screwed it all up. I didn't have my preferences set up to auto apply the payment to the invoice and now I have pymts paying the incorrect invoice. Also I have a client and his wife with separate invoices but the husband pays all the total bill with one payment how do I enter this?
Unfortunately you would have to show 2 separate payments to apply to each invoice. Going forward what you could do is set them up as one client with each of them as a “job” so to speak so they can have separate invoices but the payments applied to one client
@@QbuniversityOrg okay. Thank you sooo much. I appreciate your videos.
@@betsy773 you’re welcome!
I am confused, the invoice was made by the client a year ago, now in 2022, I am registering the accounting, how do I register that invoice in the accounting to use this customer pyment process? thank you and be able to apply the deposits you made to the client and I see them in the bank feed
Hi... Pls assist me. I put in the incorrect amount in received payment. How do I correct it
how do you receive a repayment of a loan from a sister company you borrowed money
Just offset it against the loan you originally set up for the borrowed money
Can you kindly right me down the steps on how to go about it,I’m new with Quickbooks
Hi! Can you explain the proper way to split a payment for two different companies in Quickbooks Online? We have two companies with similar names. Common ownership, but two completely separate entities. For example sake, one is called Push Bar LLC (Company A) and one is called Pull Bar LLC (Company B). When customers send payment, they send to Company A...they don't know some of the product was sent from Company B, they only know about Company A. It is not feasible to ask the customers to send two seperate checks. What is the proper way to receive and split this payment in QBO without creating an expense for one company?
Received a payment and was 0.30 over how can i fix it
For that small amount create another invoice for 30 cents and apply it to that
Client paid R700 000.00 and I captured R7 million.. How do I correct it