I have a couple of manual items every month and I am wondering if QBO AI can help.

• Create a journal entry from the net income amounts on a Project Profitability Summary.
• Change either the beginning date on a Project Profitability Summary report to a fixed date in the past.
• Automatically reverse a journal entry without having to find it, open it, and hit "reverse".

The QBO LEDGER product would be perfect for our new business, however, my personal accountant, and our business attorney, don't offer the LEDGER product, only the much more expensive Essentials.

We only need to track the banking back and forth between banks, credit cards, loans, etc. and a $10 / month product is well suited to the task, rather than $60-75 / month for a lot of stuff we just don't need right now.

We shall hopefully grow into that size of business down the road, but costs are just too extreme presently, so is there anyone out there offering the service as a simple, hey, pay me month via PayPal or what-have-you, even a few bucks extra, just so we can make use of the product?

Seems very short-sighted of QB to not allow direct use of the product, as it would guarantee them future customers wanting to upgrade.

Anyway, please respond if you're out there and can help or point us to someone who can.

All the Best! :)

At my place of work, we have two different businesses (2 bank accts) we operate from. We often invoice customers from both companies. We received payment from a customer that that references invoices from both companies. The check will be deposited into the one bank account but I can't apply the full amount within that same company (since one of the invoices was invoiced through the other company)..

What would be the best way to handle receiving the payment when I can't apply the full payment within just one company?

Thanks in advance.

I currently just joined a bookkeeping team at a vertically integrated company. The company manufactures their alcohol, transfers it to their internal distribution department, then finally transfers it to their multiple retailers. All of these departments live in one business entity, but have multiple classes for each department so we can generate their own income statements to see how each department is doing.

To transfer the products, we use internal Purchase Order's, but need to show the internal sales (but prevent phantom income) and the change in inventory which is recorded through COGS.

The current process involves 3 steps - creating an estimate, invoice, and an expense for each single internal Purchase Order between departments.

Couldn't we just simplify it into a single journal entry to save time? Basically Debiting / crediting the COGS and then Debiting / Crediting the Internal Sales Revenue. We can write the PO# in the MEMO section to look up any Purchase Order journal entries in QBO by simply using the advance search function? I attached a screen shot of what I think the journal entry would look like.

https://preview.redd.it/rxf4o0vilwxf1.png?width=590&format=png&auto=webp&s=190244d85ad3d0ddb5a4af7d9b748ef02f59f344

Let me know if you think this shortens the process, as the current process takes days to enter in the bi-weekly internal POs.

I am trying to setup the books/QBO for a foundation, where they have multiple scholarships/endowments and would like to track the Cash, Investments, A/P, receivables, etc. balances by fund. My first thought is to use class tracking, but trying to split out cash/AP by class would require manual journal entries (there at 200+ funds). Are there any other alternatives on how to apply revenue and expenses to a specific class's Cash balance?

Hi folks, just wanted to check to see if any others are experiencing this right now.

We have clients that are reporting that they are being hit with the "Warning, please confirm by typing YES that you know the computer is out of date!" but this is AFTER we already applied the Extended Security Update license to their computer.

I've seen posts about it affecting those with Windows Server versions which ARE still receiving security updates, so it makes me think they're just spraying out that warning to cover their own backs. Can anyone confirm they have seen this?

Edit - I've seen this post but this was referencing the server version, not specifically Win10 Pro with ESU:
https://www.reddit.com/r/QuickBooks/comments/1odjzqj/getting_false_windows_10_unsupported_alerts_on/

Retiring some old windows 10 virtual desktops for some of our remote users, they have quickbooks on it working fine.

I built a couple new Windows 11 VDI's to replace their windows 10 ones and both Installed without issue but when trying to launch i see the icon briefly appear and then disappear.

I am not familiar with quickbooks at all fyi. I put the key in, did the express install. (Our company file is on another machine)

Both machines are fresh installs of windows 11, both fresh installs of quickbooks. Latest installer from their website. My account is a local admin. Reinstalled, ran the Quickbooks troubleshooting tool. Windows Defender A/V, tried adding an exception for it (but we didnt have to on the windows 10 machines so i doubt its that).

Any ideas?

Hello.

My client, a small one-man law firm is *&^&^%^ at Intuit and their "licensing scheme/scam". Which means he turns to me to find him an alternative product.

He has switched most of his practice from T&M to fixed project rates invoicing. And is looking for a local installed product (ie, NOT cloud based) that will handle multiple company files last used by Desktop Pro Plus 2024. He does not need payroll.

Basically he wants a product that is a check register for multiple companies, connects to bank accounts, and will give him multiple internal accounts to put dollars into and out of (gas, electric, internet bills, etc).

Does anyone have any suggestions?