Well, I tried again. The first time I had selected the actual class (not using Multiple Classes) and it didn't work. But when I went back and used Multiple Classes and selected only the 1 Class, it worked. Thank you.
", "id": "cZFaHMPPOr3AREacfAQhOa"}, {"reply_type": 0, "created_at": "2008/10/30 08:48:32 -0700", "user": {"created_at": "2008/10/17 10:49:46 -0700", "nick_name": "WineFestival", "id": "d8RSwANhmr3y82acfAtdLo"}, "body": "Nope. That didn't do it. I still got a column for each subclass, as well as a total column. I tried both the P&L-Standard and the P&L by Class (nonprofit report).
", "id": "a0fWlyPPOr3Am2acfAQhOa"}], "created_at": "2008/10/29 12:06:34 -0700", "subject": "How to report at the Class level only, not the subclass level", "user": {"created_at": "2008/10/17 10:49:46 -0700", "nick_name": "WineFestival", "id": "d8RSwANhmr3y82acfAtdLo"}, "detail": "How can I run the Profit & Loss by Class report to show data only at the class level, not the subclass level?
", "id": "c0nu5QPEWr3ymkacfAtdLo"}, {"answers": [{"reply_type": 2, "created_at": "2009/05/13 03:36:11 -0700", "user": {"created_at": "2008/09/10 16:10:12 -0700", "nick_name": "LauraD", "id": "cE-0QyF40r3B6KacfARklS"}, "body": "If your bank reconciliation report does not match your trial balance as of that same date, you have some reconciled transactions that are dated after the reconciled date. Review your last reconciliation report and (hopefully) you will see a post dated transaction.
This happens when a transaction clears the bank earlier than the posting date.
It also happens when the service charge expense is posted and the system gives it a future date that you didn't notice.
If you can't find it on that last rec report, I would suggest looking in your bank service charges expense account. ..
Please post back with your results.
____________
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_______________________________
Laura D
See my profile at:
http://proadvisor.intuit.com/referral/proadvisor_profile.jsp?id=YQ88CA%2BS0H5c1ImS11E9oQ%3D%3D
", "id": "ch-T20p6Gr3QVhacfA8pyY"}, {"reply_type": 1, "created_at": "2009/05/17 04:59:51 -0700", "user": {"created_at": "2008/09/10 16:10:12 -0700", "nick_name": "LauraD", "id": "cE-0QyF40r3B6KacfARklS"}, "body": "Were you able to figure out your problem?
Laura D
", "id": "cECwviqTKr3QVhacfA8pyY"}], "created_at": "2009/05/08 11:01:18 -0700", "subject": "bank register balance and trial balance does not match", "user": {"created_at": "2009/05/08 09:06:46 -0700", "nick_name": "b2bcfo1", "id": "aZuCoyo-Or3QVhacfA8pyY"}, "detail": "During our CPA review they noticed
a problem. On my bank reconciliation , the bank account reconciles but the register balances does not tie to the trial balance. What would cause this ?
", "id": "aG8vEEo_Or3QVhacfA8pyY"}, {"answers": [{"reply_type": 2, "created_at": "2008/12/12 06:23:44 -0800", "user": {"created_at": "2008/09/09 20:45:24 -0700", "nick_name": "Michelle Long CPA", "id": "dMk1jyFUOr3zrcacfAtdLo"}, "body": "Oops--Also specify the Display columns by Month.
Please mark this answer as solved or helpful or post additional questions. Thanks so much!!!
Michelle L. Long, CPA, MBA
Author of: Successful QuickBooks Consulting: The Comprehensive Guide to Starting and Growing a QuickBooks Consulting Business
Advanced Certified QuickBooks ProAdvisor
National Trainer for Intuit Accountant Trainer/Writer Network
MLongConsulting.com
", "id": "b7qna8YfGr3Astab8PANWg"}, {"reply_type": 1, "created_at": "2008/12/12 06:22:27 -0800", "user": {"created_at": "2008/09/09 20:45:24 -0700", "nick_name": "Michelle Long CPA", "id": "dMk1jyFUOr3zrcacfAtdLo"}, "body": "You're right, the trial balance provides the balance in accounts as of a certain date--which would be YTD totals not monthly totals. If you want monthly amounts, try this: Reports, Custom Summary Report, enter the dates, Display Rows by--Account listing. This will give you the total activity for those dates by account.
Please mark this answer as solved or helpful or post additional questions. Thanks so much!!!
Michelle L. Long, CPA, MBA
Author of: Successful QuickBooks Consulting: The Comprehensive Guide to Starting and Growing a QuickBooks Consulting Business
Advanced Certified QuickBooks ProAdvisor
National Trainer for Intuit Accountant Trainer/Writer Network
MLongConsulting.com
", "id": "bnKMEgYfGr3B5Kab8PANWg"}], "created_at": "2008/12/11 12:27:57 -0800", "subject": "Printing trail balance", "user": {"created_at": "2008/12/11 12:14:08 -0800", "nick_name": "LSammons", "id": "bebPzoX8ar3ACpacfARklS"}, "detail": "How do I print the trial balance for one months figures only,not year-to-date figures? When I enter the dates I want, it still includes year-to-date amounts.
", "id": "aYRvtKX8ir3BYSacfAQdNc"}, {"answers": [{"reply_type": 2, "created_at": "2009/07/20 16:53:45 -0700", "user": {"created_at": "2008/09/17 12:31:36 -0700", "nick_name": "Lila", "id": "a-nDuyHo8r3AGqacfAtdLo"}, "body": "Direct deposit fees are not set in the options of a Payroll Item. To set the account those post to (is Payroll Expenses if no account is defined). You will need select to Send Payroll Data from the Employees menu and click on the Preferences button.
", "id": "af5a6eDyGr3PKzacfA8pyY"}, {"reply_type": 1, "created_at": "2009/07/20 12:36:00 -0700", "user": {"created_at": "2008/09/17 08:16:41 -0700", "nick_name": "jheerman", "id": "cHEE6aHmSr3AO_acfAtdLo"}, "body": "FYI when you get an "other" on your ledger it means that transactions are posting to the main account instead of the sub accounts. Check your payroll items and make sure that the accounts they are linked to are the sub accounts and not the main account. If they are not linked to the sub accounts change it and that will correct the problem.
PLEASE mark this answer as solved (click the button under the answer in the lower, right corner) or post additional questions or comments so that I can be of further assistance. Thanks so much!!!
", "id": "bUEn1aDwqr3PKzacfA8pyY"}], "created_at": "2009/07/20 11:44:01 -0700", "subject": "Separating payroll items into different accounts", "user": {"created_at": "2009/03/26 13:05:23 -0700", "nick_name": "Mom23", "id": "cvmLBwA5eqllvkab8P4pmk"}, "detail": "Using Direct Deposit, all payroll items are tracked in ledge account "Payroll Expenses -other" How can I separate the accounts for payroll taxes, insurance, retirement deductions, etc?
I have separate accounts in the ledger, but direct deposit seems to be automatically putting everything into one "Payroll Expenses -Other" category on its own. How can this be changed?
Seems odd Quickbooks would do it this way ... makes it hard for 941s, etc.
I appreciate the answer. I have a main account titled "Payroll Expenses" and subaccounts, but I am wondering if the subaccounts him to be specific wording that QB wants so, with direct deposit, it can know where to put each amount. If this is so, would you please tell me what the correct wording is? The "Payroll Expenses - other" account was created by QB as a subaccount of my main "Payroll Expenses" account.
", "id": "aIEwTADv0r3PKzacfA8pyY"}, {"answers": [{"reply_type": 2, "created_at": "2009/07/27 16:16:18 -0700", "user": {"created_at": "2008/09/09 20:45:24 -0700", "nick_name": "Michelle Long CPA", "id": "dMk1jyFUOr3zrcacfAtdLo"}, "body": "When you charge something, you are borrowing money from the credit card company so it is a liability. You could make minimum payments on it for every and not get it paid off. So, for tax purposes, it is considered paid when you charge it (like cash basis). Your tax professional can accrue and reverse credit card charges for you at year end for tax purposes.
\r\nYou don't need to re-do or re-enter anything. QuickBooks can produce reports on a cash or accrual basis.
\r\nYou should have a tax professional help you with things--especially getting started.
\r\nPLEASE mark this answer as solved (click the button under the answer in the lower, right corner) or post additional questions. Thanks so much!!!
\r\nMichelle L. Long, CPA, MBA
\r\nAuthor of the book "Successful QuickBooks Consulting: The Comprehensive Guide to Starting and Growing a QuickBooks Consulting Business"
\r\nNational Trainer for Intuit Trainer/Writer Network
\r\nhttp://community.intuit.com/members/Michelle%20Long%20CPA
", "id": "a876saEWmr3PKzacfA8pyY"}, {"reply_type": 1, "created_at": "2009/07/27 17:11:45 -0700", "user": {"created_at": "2009/01/29 08:50:57 -0800", "nick_name": "Mimbreno", "id": "aFLvBip3uqllvkab8P4pmk"}, "body": "
You need to include all of the checks you issued in December 2008, not just the ones that cleared the bank. These are outstanding items, not accrual items. The ONLY time you would not deduct them is if you held the checks and did not mail them until after 12/31/08. Once mailed, they are considered "delivered".
As far as the credit card purchases, you book them when you make the purchase, not when you pay the credit card. This is true for both book and tax purposes. Payments made with a credit card are not reversed out for tax purposes.
I have a new retail business that started last year (2008) and I am just catching up my accounting by entering into QB Pro 2009 now so that I can file my 2008 tax return. I am entering my data on a cash basis (i.e., when I receive my bank statement I enter each transaction then under expenses or items tab). For my credit card payment that I paid by check, I enter each line item on the credit card bill under the expenses tab.
\r\nHow do I correct for my credit card payment in January 2009 that was for items purchased in December 2008? I read somewhere that, for tax purposes, you must include December-incurred expenses that were paid by credit card the following January for for the actual year the expenses were incurred....even when using cash basis when filing taxes.
\r\nWhat should I do to correct this?
\r\nAlso, by incurring December 2008 expenses and deducting on my 2008 tax return, it seems like this is halfway to full-fledged accrual accounting anyways. Since I don't give customers anything until they pay me in full, whether cash, check or credit card as their form of payment, would it make more since for me to just use the accrual method for my taxes? Any opinions? I just hope that I won't have to completely start over and reenter my data going back from April 2008 now that I have finally just entered my December 2008 bank statement and realized that some December credit card expenses were not paid until January 2009.
\r\nThanks for your help and any insight as to what I should do going forward!!!
", "id": "cHOjbuEVSr3PKzacfA8pyY"}], "in_product_discovery_message": [], "private": {"tagset_id": 294}, "unanswered_questions": [{"answers": [], "created_at": "2008/10/09 14:28:33 -0700", "subject": "I lost 2 quickbooks pro 2007 reports when I upgraded to 2009", "user": {"created_at": "2008/10/09 14:11:44 -0700", "nick_name": "BillGr", "id": "dGoS9kLKyr3A7UacfARklS"}, "detail": "I had a report which showed all of my invoice numbers in order so that I coiuld be sure they stay that way since pro 2007 added numbers to the invoice number register from other things it did, the new report comes up but is bl;ank. Another report gave me all of my job costs for a particular customer job according to their name but now also comes up blank. This one still brings up old jobs from before I upgraded.
", "id": "a5CpKGLKKr3yqIacfAtdLo"}, {"answers": [], "created_at": "2008/10/29 09:33:41 -0700", "subject": "Retained earnings on my balance sheet", "user": {"created_at": "2008/10/29 09:23:04 -0700", "nick_name": "bdpurple", "id": "dDgzOOPDur3z4kacfAtdLo"}, "detail": "When I change the checking/savings accounts to just reflect a few accounts. It changes my retained earnings and the net income. The amounts are a lot larger than the amounts I have removed. Why and What can I do?
", "id": "by0hv4PDCr3ACJacfARklS"}, {"answers": [], "created_at": "2008/10/15 14:50:33 -0700", "subject": "Missing report function, need to pull up old reconciles", "user": {"created_at": "2008/10/15 14:02:45 -0700", "nick_name": "O'Ryan", "id": "cDzmoQMVWr3BRPacfAtdLo"}, "detail": "I have QB 2007 for MAC and I have been having problems pulling up various reports, and when I go to Reports/Banking there is no option for Previous Reconciliation, I only have deposit detail, check detail and missing checks. I have called QB direct and every time I do, they tell me everything is working fine, but now I have an example, Do you any suggestions or have any other advice on how I can look for previous reconciliation reports.
", "id": "blfPhgMWmr3Br9acfAtdLo"}], "number_answered_questions": 3641, "number_unanswered_questions": 1866}) 623120232_2" onmouseover="MM_menuOverMenuItem('MMMenu0623120232_2');"> History Testimonials |
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