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Thread: QUICKBOOKS Questions

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    QUICKBOOKS Questions

    Hi
    I am new to Quickbook ,I would appreciate it very much if somebody in the Forum can advise Me on the following:
    1.I have created my own Chart of Accounts. When I create an Invoice , the Sales value does not appear on the Income Statement but the Cost of Goods Sold appear on the Income Statement . Furthemore ,I created the following General Ledger Sub Accounts:
    Sales - Non Posting Account
    Sales Outsiders -Posting Account
    Sales IG-Posting Account
    Sales IC Posting Account

    Also how do I post the following on Quickbook:
    1. Expense Invoices
    2.Supplier (Stock) Invoices
    3.Cash Receipt and Cash Payments
    4.Printing a Detail General Ledger.

    Thanking You in Advance.
    Kind Regards
    Silveray

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    Site Caretaker Dave A's Avatar
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    Hard to think where you might have gone wrong really.

    You need to add a stock item, which means you need to allocate the COGS account and the income account - and it'll warn you if you haven't made the required allocations...

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    Perhaps you didn't assign a sales price and it's posting a zero value?
    Last edited by Dave A; 06-Jan-13 at 06:33 PM.
    The trouble with opportunity is it normally comes dressed up as work.

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    Site Caretaker Dave A's Avatar
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    Let's answer some of your other questions, although some of the answers do depend on which version you're using.

    Quote Originally Posted by SILVERAY View Post
    Also how do I post the following on Quickbook:
    1. Expense Invoices
    What you need to do is capture a cheque:

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    In the above example I've selected the petty cash account, and as you're posting an expense you select the expenses tab in the allocation area below the "cheque details".

    Quote Originally Posted by SILVERAY View Post
    2.Supplier (Stock) Invoices
    What you need is to capture a bill:

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    As it's for stock, select the item tab in the allocation area.

    Quote Originally Posted by SILVERAY View Post
    3.Cash Receipt and Cash Payments
    It's much the same as with a bank account - Receive a payment (Customers > Receive Payment) or Write a Cheque - just create and select a "Bank" type of Account as the account receiving (or paying) the funds.
    (I'm not sure how much detail you actually need here. Just ask if you need more detail).

    Quote Originally Posted by SILVERAY View Post
    4.Printing a Detail General Ledger.
    This is very much version dependant. In most versions it's

    Reports > Accountant & Taxes > General Ledger
    The trouble with opportunity is it normally comes dressed up as work.

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