oh wow! I love they way You explain everything. I was looking for answer for this questions for 3 months. So thank You so much! I just have one more question- I cannot put money to Petty Cash Account because shows me that I have to add the email adress. In your movie - you just press save and close without the filling the e-mail window. Do you know what I am doing wrong? whos emial I should put there?
You can track them through locations, you will need to have at least QuickBooks Plus or Advanced. This is considering those branches area the same entity
Thank you! I setup a CASH account in QuickBooks Online last year (2020) and recorded 2 entries that are still showing on the Balance Sheet as a negative. Do you have any advice of how to close out to zero so the Balance Sheet is current for 2021? My idea is to add a Journal Entry - Credit Owner's Equity as a 50/50 split between the 2-Owners/Partnership and Debit CASH.
@@ClaudiaXperts Hi Ms. Im working in a forwarding company where they using quicbooks system. This is new for me. So now I'm doing petty cash in quickbooks. Mine is also showing negative amount. My boss has never transfered any funds for petty cash. So if its like that how do I reconcile the petty cash to positive amount? Please help me. I have no one to guide me on this.
@@Shah-wc9un You can do a Journal Entry to remove the negative amount. You will debit Petty cash and credit Owner's Equity account for the amount that is on the Petty Cash account, This will zero out the account.
This is the Best video I've seen. Literally searched everywhere and couldn't find an answer. She did an amazing job!!!!
Awe thanks Ty!! That’s what matters most to me!!
Wish everyone created detailed how to content like this...excellent work
Thank you so much!!
love this content.
Thank you! Glad you like this!
¡Gracias! POR SU APOLLO !THANKS FOR YOU SUPPORT !!😄😄
You are welcome❤️
Really effected class for me. Thank you.☺
Always welcome
I have an ATM business. What should I be catagorizing my cash withdrawal as? Can you please provide me a step-by-step?
Record the cash withdrawals as a transfer into cash and record the expense by using the cash bank account
oh wow! I love they way You explain everything. I was looking for answer for this questions for 3 months. So thank You so much! I just have one more question- I cannot put money to Petty Cash Account because shows me that I have to add the email adress. In your movie - you just press save and close without the filling the e-mail window. Do you know what I am doing wrong? whos emial I should put there?
You are selecting to save and email, click on save and close or just save. Glad you liked the videos!!
Thanks
You are welcome!
Great Job, could you please guide me how i club my 4 Branches Separate Accounts into Single QBO Account.
You can track them through locations, you will need to have at least QuickBooks Plus or Advanced. This is considering those branches area the same entity
Thank you! I setup a CASH account in QuickBooks Online last year (2020) and recorded 2 entries that are still showing on the Balance Sheet as a negative. Do you have any advice of how to close out to zero so the Balance Sheet is current for 2021? My idea is to add a Journal Entry - Credit Owner's Equity as a 50/50 split between the 2-Owners/Partnership and Debit CASH.
That means you are showing withdraws from the cash account but no deposit. To fix just record the deposit into the cash account.
That would work
@@ClaudiaXperts Hi Ms. Im working in a forwarding company where they using quicbooks system. This is new for me. So now I'm doing petty cash in quickbooks. Mine is also showing negative amount. My boss has never transfered any funds for petty cash. So if its like that how do I reconcile the petty cash to positive amount? Please help me. I have no one to guide me on this.
@@Shah-wc9un You can do a Journal Entry to remove the negative amount. You will debit Petty cash and credit Owner's Equity account for the amount that is on the Petty Cash account, This will zero out the account.
@@ClaudiaXperts Thank you ms. Such a life saver
How do I tell quickbooks I paid someone in cash for a service?
You record an expense and choose the cash on hand bank