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You should track all of the financial transactions, including ones using foreign currencies. Their are different approaches you can use depending on how many transactions their are. If you need help you can schedule a meeting and we can take a look at it together and figure out what approach will work best: www.gentlefrog.com/meeting/

You're welcome! I'm so glad my video helped you out.

It sounds like you have a product/service, or maybe even multiple, that have interest income incorrectly set as their income account. I have a video on this: czcams.com/video/SKsXXtIdef0/video.html In the video I show how to update the income account for a product/service around 3:00. There is an "Also update this account in historical transactions" checkbox which I mention and caution against clicking. I'd like to also mention here that I DO NOT suggest clicking that as it can screw up a lot of past transaction and can be very difficult to fix. If you need further assistance fixing this issue you can schedule a meeting and we can look at it together over Zoom and get it fixed: www.gentlefrog.com/meeting/

A bank is a financial institution and AR is money the clients owe. I would need more information to answer this question. You can schedule a 15-minute meeting and we can take a look at it together and figure out what's going on: rachelbarnett.as.me/15minutes

Where did you log their business cash last year? This info should be there and the balances as of 5/2024 is what you'll enter into QBO. If you need help you can schedule a 15-minute meeting and I can walk you through it: rachelbarnett.as.me/15minutes

@@GentleFrog it was paid in july last year from master credit card .

@@ravindersharma4272 When you recorded your records last year, this info would already be there and you can bring over the balances to QB rather than setting up the original values. If you need help doing this you can schedule a meeting and I'll walk you through it.

@@GentleFrog thanks Rachel for your valuable guidance. I have asked for last year balances from our company’s previous accountant. Once I receive it , I will try to figure it out how to put those balances into Qb, if i need your help, i will surely let you know. Thanks again! Ravinder

You're welcome! I'm so glad the video was able to help you learn what you needed and hopefully save you some time with your monthly bills.

You're welcome! There's definitely more videos to come. If you ever have idea for a video, drop them in the comments.

Make a truck asset and then choose that when recording the purchase in bank feeds. If the money did not come from a business checking account then use a journal entry and debit the truck asset and create an account for the source of the cash (if one doesn't already exist) and credit that account.

This software is the contract & invoice all in one.

You're welcome! I'm so glad you found it informative.

Thank you!

You can send a statement that summarizes everything or multiple invoices. Invoices can't be combined into one invoice and you wouldn't want to with the different sales tax.

You can turn/off payment methods per invoice. But you have to do it on individual invoices, it's not something you can set for a customer. Here's a video on customizing payments in the new layout: czcams.com/video/AZxPcmS9-fw/video.html

I've never encountered this. I would suggest sending this exact invoice to your home email and see what happens. Open the invoice in a different browser so it's definitely not logged into QBO. Ask the recipient to send you a pic of what the recipient sees. There's the possibility that you may have unselected the payment methods. In the new invoice layout this is in the Payment options section of the Manage menu to the right of the invoice. I have a video about it: czcams.com/video/AZxPcmS9-fw/video.html

Unfortunately, if you use sales tax you can't use the QBO invoice importer. There are lots of apps that let you do it. I'm a big fan of SaasAnt, I have several videos where I show how to use it: czcams.com/play/PL1KoTzZLwfD0dD9R0Agqh_URFAEwu7XvU.html

You cannot add clickable links to the emails sent through QBO. I suggest you leave feedback letting Intuit know you'd like this as a feature. You can leave feedback by clicking the gear in the upper right corner, then selecting Feedback under PROFILE.

That's unusual. Can you let me know what you're looking at? Invoice/Receive Payment/Deposit? If you can share a link to a screenshot that would be helpful.

@@GentleFrog Looking at the Receive Payment screen. I am trying to share a screenshot but not having much luck. I also found that the drop down does not appear on other payments made besides credit cards so it is not solely that. I wonder if it is something in my settings?🤔

​@@shaunjones2610 It should be there without needing to do anything special in the settings. YT doesn't let you add images to comments directly but if you can save the screenshot to Google Drive, Imgur, etc. You can post a link and I can take a look.

@@GentleFrog drive.google.com/file/d/1Hon7Bdga3-BwxYEtOzB4TVgYPzPY0Lze/view?usp=drive_link

@@GentleFrog Have you received the link? I sent it yesterday.

I don't have any videos on use tax, yet. I'll add it to the queue.

I don't have a computer with QBDT in front of me but from what I remember Edit --> Preferences is where a lot of global defaults are. And editing the customer is where you can pick the default for each customer, as needed.

That's not our area of expertise. I'd suggest contacting the bank and asking them.

Thanks Richard! Upwork can be a challenge. There's a lot of competition from around the world. You may want to check out r/Upwork, it has a lots of good tips including existing posts from accountants looking to get gigs: www.reddit.com/r/Upwork/comments/1cktz93/accountant_looking_for_tips_to_land_the_first_job/

You're welcome! I'm so glad it helped you out.

They do like to complicate things.

You're welcome!

TLDR: The best practice is separate files/subscriptions for each company, but you can ask the tax preparer what they'd prefer. I recommend one QBO subscription per company because you can't get / make separate balance sheets. If there is an audit for a particular EIN, you want to share only the info for that one EIN, not others. There are specific circumstances when it's not a best practice but actually 100% necessary otherwise the tax preparer will have to spend a ton of time dealing with the records in order to prepare the taxes.

One more note, if you're a real estate investor, a colleague of ours has a work around to consolidate them into one QBO file for his bookkeeping clients. His name is Greg Cullup, his business is rei.thenumbersguy.biz/

Here's instructions on connecting credit card to QBO: czcams.com/video/ITiPMKUWFak/video.htmlsi=NVWOEo5bZsPBRhwL&t=137

Yes, you certainly can.

Make sure to hit Feedback, upper right of the new invoice, and let Intuit know how you feel!

This is a VERY common problem. The person receiving the email needs to clear their cache or use an incognito window to open the link.

Your welcome! I'm so glad you got the help you need.

Yes it should be zero. The answer for how to resolve it depends very much on why it's not zero. If you need help figuring it out you can schedule a 15-minute meeting and we can take a look at it together: gentlefrog.com/meeting

@@GentleFrog Alright . Thank you!

That is not my area of expertise. You could try saving to a PDF then adjust it from there. You can try contacting desktop support: quickbooks.intuit.com/learn-support/en-us/help-article/account-management/contact-quickbooks-desktop-support/L9d0ZUCrC_US_en_US It might also be something the printer company can help you with.

You're welcome! I'm so glad you found it helpful.

You need to accept the invite as an accountant user first. In the client's account on the Manage Users page your email address should be on the Accounting firms page, if it's not they need to add you as an accountant user: czcams.com/video/fjVnYgtTGu8/video.html Once you accept the invite the company should show up as a QB accountant company. If you are already an accountant user for that company then you'll need to contact QB support: quickbooks.intuit.com/learn-support/en-us?product=quickbooks-online-accountant

You're welcome!

Intuit has made a lot of changes to QBO lately. Banking is now called Bank transactions. To get there click Transactions -> Bank transactions.

You're welcome!

Do you need just the information from the invoice, or something that looks like the invoice on the QBO screen?

Yes! Click Manage to open the menu on the right of the invoice. At the top of that menu is a little Actions drop-down menu. At the very bottom of Actions menu is the transaction journal. They've certainly made it difficult to find all the things we're used to.

In the Record payment section under the Memo box there's a Print check checkbox. Here's a link to a screenshot showing the checkbox: gentlefrog.notion.site/How-to-Record-Sales-Tax-Payments-in-QuickBooks-Online-Images-for-CZcams-f5868156eaf940ce91991d1d47cd9dcd

@@GentleFrog I wish it were that easy. There is no 'option to print a cheque, and I've searched online and have found many other people asking the same question. Not sure why yours looks different than mine. All I have is Payment To (which is populated by Receiver General) Payment From where I select my bank and Payment Date.

They look different because I'm using the US version of QBO, Canadian is different. I'll ask my Canadian colleagues and let you know if I get a good answer.

@@GentleFrog thanks very much, I appreciate that!