QuickBooks Online: Entering expenses manually into register
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- čas přidán 12. 08. 2021
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Hi
Thank you for this insight of doing data entry in much faster way.
my question is somewhat different to the topic covered in this video.
My bank is connected with QBO, if I enter expenses on the basis of invoices, no matter whether paid at later date. now, I entered expense through new transaction>expense. when the same expense shows in "For review" tab. it doesn't recognise that the expense is already entered manually.
how to avoid duplication of expense and differentiate from "For review" tab which expense is already entered manually and which expense to be reviewed.
any way out for reconciling these expenses?
Very good instructor, but that BB online I terrible, is faster in QB desktop
Manual data entry in QB Desktop is faster
Hi Hector, Love your channel and great tips, thank you!!!I'm curious as to why the bank feeds categorize credit card transactions as EXPENSES instead of credit card expenses, which is what normally happens when you manually enter them in via the credit card register? Is this a default setting? Can it be changed?
“Expenses” is a screen that is used for both bank and CC expenses
FIRST. Best Quickbooks instructor ❤️
Hi Hector - I'm a communication and intimacy coach for couples and tend to avoid doing the books and accounting. Thanks so much for your super clear and easy to follow instructions - do you ever coach clients over zoom to help them get thing all set up?
We offer QuickBooks Training yes.
You have QuickBooks Online?
This is great content!
I have a question: when entering expenses off of a receipt that has multiple categories (i.e. my client went to Home Depot and bought a coke, a candy bar, some lumber, and some tools on the same transaction for a total of $198.32 including sales tax) should these be entered individually, and if so, should I also create an account to track the Sales Tax paid - or - should I just put the vendor name and the total expense of the receipt?
Thanks again. Love the channel!!
You need to go back and adjust it
@@HectorGarciaCPA adjust it? So only add the "Job Supplies" items and leave off the coke and candy bar? Also, should I be tracking Sales Tax paid to each vendor?
I'm confused - my business is cash basis. I have clients that make upfront deposits before the taxable work is started. When I receive a payment into their account ex. 1/1/23 and then invoice them in March for work 3/3/23 and apply the payment to the invoice. When I go to pay my sales tax report - My January account looks as through I owe more January sales tax due from the invoice because funds from the 1/1/23 payment was used to pay March invoice. How can I avoid this?
Hi Hector, I work for a builder, should I expense or itemize office expenses?
Another question, if I itemize transactions, I will only enter the info based on invoices/receipts and not bank accounts, Because I cannot assign bank transactions to item list, only expenses, right?
Correct
Hi Hector, as always finding your videos very helpful. I was wondering if you have a video, or plan to make one for a sample company for cogs?
I dont understand what you mean
What i mean is will you make a video for recording cost of goods sold on quickbooks online
Question, I did one month of checking account in the chart of accounts. Is there a way to merge it with the main bank checking account?
Yeah bank accounts can be merged; you just need to name the two accounts the same
Hi, thank you for your video, i followed your steps added the transactions in the register, after that i can see them in the register but they don't show up under the banking account. Do you know why?
Hard to tell
Because this register is not linked with Quick Books. so there will be no transactions which are available "For review" for you.
can anybody help me that how can i enter bank statement into the bank register? urgently need help
Hello may i ask how to record withdrawal for personal use in quickbooks?
Use any equity account (except for retained earnings)
@@HectorGarciaCPA thank you sir. how about when you acquired office equipment on account?
@@EjayyyyyyFlores that would not go into the bank register at aquisition… you will see the payment coming out of there; but probably a payment against a bill
Hi
How do we add more companies in your QB online ?
Please Answer
No limit to the number of companies, but each one pays a monthly subscription on its own.
@@HectorGarciaCPA Thank you
@@HectorGarciaCPA Thank You Sir Really Appreciated. So I have to buy QB Online for each company I am working on ? Is there any other way?
@@JaDDoVlogS correct.. QB online is a PER COMPANY subscription
@@HectorGarciaCPA Thank You so much. Please help me out what was the solution . I am basically doing bookkeeping for multiple companies how should I do?