Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Quickbooks - Help please !

  • 31-03-2015 06:26PM
    #1
    jos28
    Registered Users, Registered Users 2 Posts: 7,263 ✭✭✭


    I have taken over an account in QB that is an unholy mess and I need advice please. 2 main questions that might help me finish off the year.

    Firstly can I add opening balances to customers after 12 months invoices have been entered. I can't find anyway to do it without entering the amount as an invoice but that will obviously fekc up the sales figures.
    Secondly, a pile of invoices were entered and are showing up under 'professional services' instead of sales. What is the best way to tackle that one.
    Any advice would be much appreciated.


Comments

  • #2
    Gard1
    Registered Users, Registered Users 2 Posts: 90 ✭✭Gard1


    yes if you journal in the opening balances it is teedious but easier than redoing the whole thing
    You can change the professional services to be a sub account of sales or just alter the invoices from professional services.
    Quickbooks is a lot easier to change things as opposed to sage which can be handy when you get an unholy mess to sort!!


  • #3
    jos28
    Registered Users, Registered Users 2 Posts: 7,263 ✭✭✭jos28


    Thanks Gard,
    I reckoned that journal entries might be the way to go for the opening balances.
    I will make 'professional' services a sub account of sales- I reckon that's quicker than changing a mountain of invoices individually. Have to agree about the ability to change things in QB, it's so handy.
    The only thing I'm not mad about is the customer/supplier reconciliation. QB seems to like you to enter invoices first and then pay them. It doesn't like when you mess with the system and key in payments first. Unfortunately the nature of the work I'm doing means I have access to bank accounts (online) long before clients drop in bundles of invoices !
    Thanks for your help, much appreciated


Advertisement