QuickBooks Accountant Desktop: Review for Accounting Firms

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Quickbooks desktop accountant 2020 pricing – quickbooks desktop accountant 2020 pricing

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Quickbooks Downloads (Older Versions) – Online Accounting Software.QuickBooks Desktop


You can easily create the Journal Entries on your own or with your accountant. You can edit and correct a journal entry by reversing it if necessary. You can also remove the entry if you made it by accident. This makes your process easier to do on your own. The benefit that you get is you can find solutions for QuickBooks Online and Desktop both. This makes your financial work easy to analyze and manage.

Utilize import, export, and delete services of Dancing Numbers software. Journal entries are manual entries of transactions in QuickBooks. A manual entry can be used to nullify the effects of a check or transaction. So the entry can also be used to void checks that have been reconciled. You can easily do these processes according to your requirements.

The edit journal entry is not able to do so you have to do it using the reverse method. In the same way, delete journal entries is done by hiding them from the data. You can unhide the deleted entries whenever required. Here are the steps to edit and delete a journal entry in QuickBooks:. Follow these procedures if you need to distribute a transaction between two accounting periods or correct a debit and credit mistake.

This simply reverses the debits and credits without deleting the original journal entry:. After, editing the Journal entry using the reverse method. The QuickBooks creates a new Journal entry that helps to manage the books.

This is usually done to balance the modification you have done before. The information that this new entry has is as follows:. If you accidentally created a journal entry, follow these instructions to permanently erase it. Make sure that you want to delete this Journal entry as this can easily throw your accounts out of balance:. Sometimes, users add incorrect transactions in the journal entry that is required to remove.

To remove that line from the Journal entry data you have to follow few steps. The step-by-step process is mentioned to make it easy for you. Follow the steps and get it done easily Deleting a Journal Entry in QuickBooks is the best way to fix the entries that are done mistakenly. You just required the right information to do so. Here is the information that helps you to delete it into your account whether you use it QuickBooks Desktop or QuickBooks Online. Both version steps are mentioned in detail.

Follow the process and complete it in a simpler way. If you believe that a transaction was made in error and should be erased, the methods outlined below can assist you. In a bill, you may currently delete only one line item at a time. However, you may return a bill to its original shape by clicking the Clear all lines or Clear option. You may also submit feedback to our developers to express your thoughts.

This will be an excellent choice for future upgrades. You will not be able to recover any deleted journal entries or other transactions. You may only examine the information of the deleted journal item in the Audit Log and manually restore them.

All the processes are mentioned so that you can easily do it on your own. If you have any issues then you can connect with the Dancing Numbers team who is here to help you days a year. The team members are available to assist you in the best possible way. Looking for a professional expert to get the right assistance for your problems?

Here, we have a team of professional and experienced team members to fix your technical, functional, data transfer, installation, update, upgrade, or data migrations errors. We are here at Dancing Numbers available to assist you with all your queries. Then further, select the Journal Entry option to create a new one. Provide all the information correctly that is required.

Check for both columns debit and credit column that must be balanced equally. In the Credit memo section, mention the information to create Journal Entry. To create another new entry click on the button Save and New. In QuickBooks, click on the Gear icon to open the Settings menu Click on the Import data option Select Journal Entries option Go to the download page and then Browse for file Select the Excel or CSV file Click on the Open button to open the file To proceed, hit on Next button Map the information by matching the fields Then click on the Next button and if any error is shown then fix it by edit it Click on the Import button to start importing process When importing is done, click on the Done button.

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In the case of QuickBooks Online, there is a different journal entry for each currency There are additional columns for the class and the location Only one type of account is applicable on each entry that is Accounts Payable or Accounts receivable The journal entry retains the information from the previous journal entry, such as the Name, Description, and Account, and adds the letter R to the original journal number.

This letter R indicates that it has been reconciled. When you save any Journal entry then General Ledger is updated automatically after saving it By matching the date of the original journal entry, the new journal entry is also dated as the first day of the month.

In QuickBooks, go to the Accountant menu Then click on the General journal entries Choose the dates from the drop-down menu Tick the entries you wish to export before removing them To transmit the Journal Entries, choose Email as an attachment Now save the journal entries as.

Bulk import, export, and deletion can be performed with simply one-click. A simplified process ensures that you will be able to focus on the core work.

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You need to click “Start” to Export data From QuickBooks Desktop using Dancing Numbers, and In the export process, you need to select the type you want to export, like lists, transactions, etc. After that, apply the filters, select the fields, and then do the export. To use the service, you have to open both the software QuickBooks and Dancing Numbers on your system. To import the data, you have to update the Dancing Numbers file and then map the fields and import it.

In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option. For selecting the file, click on “select your file,” Alternatively, you can also click “Browse file” to browse and choose the desired file. You can also click on the “View sample file” to go to the Dancing Numbers sample file. Then, set up the mapping of the file column related to QuickBooks fields.

To review your file data on the preview screen, just click on “next,” which shows your file data. Dancing Numbers offers four varieties of plans. The most popular one is the basic plan and the Accountant basic, the Accountant pro, and Accountant Premium. You can even get the benefits of anytime availability of Premium support for all your issues. First, click the import button on the Home Screen.

Then click “Select your file” from your system. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file. With the help of this software, you can import, export, as well as erase lists and transactions from the Company files. Also, you can simplify and automate the process using Dancing Numbers which will help in saving time and increasing efficiency and productivity.

Furthermore, using Dancing Numbers saves a lot of your time and money which you can otherwise invest in the growth and expansion of your business. It is free from any human errors, works automatically, and has a brilliant user-friendly interface and a lot more.

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments. Yes, absolutely. You can use the Direct Connect Option by enrolling for the Direct Connect service which will allow you access to the small business online banking option at bankofamerica.

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This feature allows you to share bills, payments, information, and much more. QuickBooks allows you to access almost all types of accounts, including but not limited to savings account, checking account, credit card accounts, and money market accounts. We value your privacy and are strongly against any kind of phishing, spam, and malware. We collect your information for our legitimate business purpose only. This information is safe with our in-built security. Search for:. Get a 7 day free trial now!!

Table of Contents. Technical Details Easy Process. Error Free. On-time Support.


Quickbooks desktop accountant 2020 pricing – quickbooks desktop accountant 2020 pricing


The person doing our books before me was paying sales tax online, then entering a check in QB for the amount paid and didn’t use the QB “pay sales tax” function. Is there a way to correct this, so I can pay sales tax through QB for all future sales tax payments?

Welcome to the Community. It would be my pleasure to lend a hand with your concern about the sales tax in QuickBooks Desktop. Using the Write Checks or Pay Bills feature to pay your sales tax will lead to errors in your bookkeeping and sales tax reports.

Deleting the previous payments not paid via Pay Sales Tax function and recording them the right way will correct the problem. You can run the Account Quick Report and filter Checks to get rid of them more easily. Pay sales tax. Please keep in touch with me here should you need any further assistance with recording sales tax payments.

The Community always has your back. Its very possible that the reason they didn’t use the QB ‘filing’ is because they knew or feared it was wrong. That could have been due to the sales tax system setup being wrong, or not updating taxes and rates when they changed, or just plain not recording the taxes right in vendor and customer records.

You need to do some review and try to get a sense of how wide and deep the issues are before you can really decide how to proceed. If it was strictly a matter of bringing the prior payments into the sales tax records that will be doable.

I am hoping that the payment cheques were coded to a sales tax liability account. But if you find a real rats nest under the hood then your going to have a hard call between doing whats right and whats possible Our sales tax was paid the same way by check, then entered in QB from a spreadsheet rather than from the invoices..

On top of that, their are random invoices created over years, that were never marked paid, the sales tax is showing on my sales tax balance sheet. I guess cannot delete these invoices, because it will mess up balances from these previous years.

I also have the same kind of thing happening on my vendors, random bills enters, most till left unpaid. Our accountant reviews our quickbooks twice a year I guess, and has just left it all there year after year. I would like to start using quickbooks correctly, so I don’t need a million spreadsheets that basically do what we pay quickbooks for.

I appreciate you for dropping by here in the Community. I’m here to help provide information about recording transactions in QuickBooks Desktop. I agree with you about making changes to transactions from the prior year will lead to mess up balances. There are other users who use the Journal Entry feature and a clearing account to get rid of the unpaid balances. However, it would be best working further on this together with an accountant to ensure your books will be correct. Aside from making corrections from past years, the only way to start fresh is to start a new company file in the QuickBooks program.

To ensure it clears and show as paid moving forward, I recommend recording the payments using the correct process. I’m attaching the articles I found helpful for you:. Pay bills in QuickBooks Desktop. Record a payment for an invoice. I’m always up to answer any additional questions you may have regarding your past transactions in QuickBooks. The Community has your back. My client is not using invoices in QB as of yet- she doesn’t want to tackle customization and is providing those offline.

She pays the tax twice a year, but I would like to see it tracked. Any thoughts? If you want to record sales taxes processed outside the program, you have the option to do an adjustment. This way you can create a liability that you can pay inside QuickBooks. Please note that this is something you can do temporarily and we do not advise to do it on a regular basis.

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To learn more about this feature, see this link: Process sales tax adjustment. For the complete steps and explanation, refer to this help article: Pay sales tax in QuickBooks Desktop. Let me know if you need anything else with processing Sales Tax. I’ll be more than happy to share additional insights for you.

Have a good one! I am in the same problem ever since the new tax update was done. Some of the payments have not been posted and the Payable Account is showing Negative. I just want to correct the Liability Account to match what is being paid for I want to get corrected an worry about later. Can you tell me how to adjust the liability accounts to balance with the current daily work for I can guide you correct the liability account to match what you paid for , MP When you make sales tax adjustments, you move money into or out of your Sales Tax Liability account.

To adjust your sales tax due, here’s how:. For additional information, feel free to view this resource: Process sales tax adjustment. Once settled, you can now collect taxes for certain goods and services you offer. For detailed steps, please check out this article: Pay sales tax.

Feel free to leave a comment below if you need some clarifications. I’ll get back to you as soon as I can. Have a blessed Friday. Using the pay sales tax option does not let you associate a class with the payment so it shows up as unclassified.

Is there a way to record it and associate a class? Multiple classes are used when assessing sales tax. I can see the importance of assigning class when paying sales tax. However, this option is unavailable as of now. I’d recommend sending feedback to our product developers to assess your suggestion. They may consider adding this option to the future enhancements of the program.

I’ve included an article that will help you how to track the components of your transactions effectively: Customize reports in QuickBooks Desktop. This has been the most helpful sales tax post for adjustments I have seen in my searching.

I am trying to figure out the best way to input sales tax owed from previous years from software that is not transferable to Quickbooks. We switched to Quickbooks in and I’m having a hard time getting all the opening balances correct.

Do you have any suggestions? Thanks for joining this thread, Samantha You can start by setting up sales tax items in QuickBooks Desktop. Once done, you can use the Pay Sales Tax function to pay your sales tax liabilities. For more details about this, please check out this article: Pay Sales Tax. You can also run some sales tax reports to keep track of all your payable and the payments.

Please read through this article for more insights: Review sales tax reports. Please come back and fill me in if you’ve got more questions or any QuickBooks concerns. Have a great day. We had received a new program and a new terminal from our merchant company I know – heavy sigh. The new program allowed us to pass on our fee to the customer. In the beginning we could turn it on and turn it off they would pay or we would pay.

I was told that the merchant fees passed on to the customer was not taxable. So I created a new invoice under the customer’s account just for the merchant fee and marked it as non-taxable. Now we found out it is taxable. I’ve added that amount to the sales tax on paper and paid the GRT on line. I know how to do a sales tax adjustment.

My question is, if I just adjust the sales tax it won’t effect the customer account. Is that a problem. Now the customer account shows a 0 balance but their account doesn’t show the fees they paid as taxable.

If I change it to taxable it will leave an unpaid balance on their account. We have since made a change to the program and don’t have to deal with this anymore but I need to get May fixed. After the steps, add your sales tax item or tax group. The steps are included in this article: Set up sales tax in QuickBooks Desktop. Once your done collecting the sales tax and reviewing the tax reports , please check out this link to guide you how to process the payment: Pay sales tax.

If you have additional questions regarding the process or need help with other concerns, please let me know in the comments below. I’ll be around to help you out again. Take care and stay safe. Thank you for sharing a solution to fix paying taxes recorded via writing a check rather than via the pay sales tax function.