Issue: A payment is received into the personal account and needs to be shown as business income in Quickbooks. Solution: Create an invoice for the amount of payment received from the client. Create a payment in undeposited funds for the above invoice. Create a Bank Deposit: Select payment form above step, add an additional line […]
Issue: Vendor Refund Checks for Invoices/Expenses already paid Solution: Create a deposit for the refund in the “Accounts Payable” account. Create a vendor credit for the refund amount Write a check to the vendor. The deposit and the credit will show up on the right side of the page. Select both and save. The check […]
Issue: Vendors and/or vendor transactions not showing up in 1099 Transaction Detail Report or 1099 list. Solution: Go to Expenses – Vendors – Prepare 1099s (top right) and make sure under “Accounts” (step 2) in “Box 7” you select all the accounts you used to track 1099 vendor expenses.