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This would be summarized in the invoice .... list all your material charges then have an item called : "Material Subtotal" then list all your labor charges an have a "Labor Subtotal" then you could have your tax line and your total ....
Question:
Ask the Expert: Gale Kirsopp Apr 25, 2008 07:49 pm
Can quickbook help my business? I'm a landlord.
I was going to use quickbook for my expenses but i would like to use it aswell to bill the tenants their monthly rent.
Can I customized quick book reports or statements?
I would like to delete or rename a column from the statement report and from invoice statement(report).
For reports, start with a standard report then click on modify reports on the upper left hand of the report screen, you can modify either the information displayed or filter the information to be displayed. After modifying a report you can memorize the report so the next time you do not have to go through the modifications again.
Question:
Ask the Expert: Gale Kirsopp Apr 25, 2008 08:00 pm
I'm using the credit card accounts in QB and reconciled the monthly statement, created a bill in payables, also through the reconciliation feature, and partially paid the outstanding amount. The following month the partial payment does not show in the reconcilation screen, only the bill generated, thus throwing my reconcilation off. What is the proper way to partially pay the credit card?
When you create the bill change the amount on the bill to reflect the amount you wanted to pay that month ... then when you pay the bill, the paid amount will show on the credit side of the reconciliation screen. The unpaid balance will be reflected in your credit card liability account.
It sounds like you are giving the books away as a marketing campaign, therefore it would be a marketing expense. The easiest way to account for this lose in inventory would be to do an inventory adjustment, the adjusting account would be your marketing account and memo the reason as promotional.
Question:
Ask the Expert: Gale Kirsopp Apr 25, 2008 08:12 pm
My client uses POS to purchase and sell inventory in their retail clothing store. I have been hired to "fix" their books, reconcile the accounts for the past 4 years. I have only the Qkbs file. I have never experienced working w/POS before. Do you know why the items they sell are marked as "inactive" in quickbooks? Should the items in POS be identical to the QKBKS item list? Please advise.
Inventory is maintained in POS not QB financial, so you would turn off inventory in QB financial. This is why you see the 'inactive' statement in QuickBooks financials.
The lists in POS & QuickBooks would not be the same. As inventory items are added they are only added to the POS system.
Summary inventory information is passed from POS through to QuickBooks financial.
Question:
Ask the Expert: Gale Kirsopp Apr 25, 2008 08:23 pm
I was wondering if there was a way that quickbooks will automatically apply credits to vendor payments when a check it cut instead of having to remember to apply the credit myself as a totally separate process?
Question:
Ask the Expert: Gale Kirsopp Apr 25, 2008 08:26 pm
My company is growing and opening different divisions. The divisions that are opening are all LLC's under the main Corporation. Is there a way I can keep all divisions in one QB company file? If so how do I get each divisions name on top of the forms such as Invoices and Purchase Orders?
If they are all separate LLC's then I would assume they all need to have a separate set of financial reports. Though you can break out profit & loss statements by class, one class for each LLC, you can not break out the balance sheet by class. Therefore I would say you need to have separate files for each LLC and create a combine financial report at year end.
Question:
Ask the Expert: Gale Kirsopp Apr 25, 2008 08:32 pm
Is there a way to print a Vendor Bill in Quickbooks? If not, how can I print the memo field where each amount is expensed? We are trying to print information for the customer on the check stub.
Question:
Ask the Expert: Gale Kirsopp Apr 25, 2008 08:42 pm
I am just starting out. I've created my company and entered a data. Now, I realize I should have checked the box stating that I need to charge state sales tax for some of the items I sell (I sell a mixture of taxable and non-taxed items). How do I change the company profile now? I don't see where to do that.
Users are based on a company file, then permission are granted by user name.
So if a person is given a user name and password to company file A but not give a user name or password for company B, they will only be able to access company A
