Author Topic: QuickBooks  (Read 17781 times)

Offline dpk4588

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2012
  • Posts: 1159
  • Total likes: 66
  • DansDeals.com Hat Tips 23
    • View Profile
  • Location: New York
Re: QuickBooks
« Reply #60 on: October 10, 2017, 10:06:44 PM »
I have a vendor, that when I purchase $X of inventory, gives me $Y in credit towards future purchases.

How do I record that credit in quickbooks? I feel like I should show it as another current asset but I'm not sure what the offset is. If I offset purchases is messes with my COGS, but I'm not sure how else to do it. Any suggestions?
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
-Albert Einstein

Offline churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 7355
  • Total likes: 301
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: QuickBooks
« Reply #61 on: October 14, 2017, 10:25:20 PM »
I have a vendor, that when I purchase $X of inventory, gives me $Y in credit towards future purchases.

How do I record that credit in quickbooks? I feel like I should show it as another current asset but I'm not sure what the offset is. If I offset purchases is messes with my COGS, but I'm not sure how else to do it. Any suggestions?


It's has to reduce cogs eventually though no? How do you record the next purchase?

Offline dpk4588

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2012
  • Posts: 1159
  • Total likes: 66
  • DansDeals.com Hat Tips 23
    • View Profile
  • Location: New York
Re: QuickBooks
« Reply #62 on: October 14, 2017, 10:28:14 PM »
Eventually, once I've sold all the inventory purchased with the credit, COGS would be right, but until then it's off.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
-Albert Einstein

Offline churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 7355
  • Total likes: 301
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: QuickBooks
« Reply #63 on: October 14, 2017, 11:30:25 PM »
Eventually, once I've sold all the inventory purchased with the credit, COGS would be right, but until then it's off.
Technically an aurgument can be made that the credit should be applied to the current order. If you are recording it as an asset, the cost of the inventory currently received would be reduced..

Offline dpk4588

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2012
  • Posts: 1159
  • Total likes: 66
  • DansDeals.com Hat Tips 23
    • View Profile
  • Location: New York
Re: QuickBooks
« Reply #64 on: October 14, 2017, 11:44:19 PM »
Technically an aurgument can be made that the credit should be applied to the current order. If you are recording it as an asset, the cost of the inventory currently received would be reduced..
The vendor specifically says I can't use the credit to offset the regular purchases. I'm basically creating a cash account called "Vendor Credit" and I'll use that "cash" to make future purchases from that vendor. I guess I have to offset purchases, and if I have credit left when the year ends I'll have to make an adjustment to purchases, to reflect the actual purchases.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
-Albert Einstein

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4102
  • Total likes: 1015
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: QuickBooks
« Reply #65 on: October 15, 2017, 12:33:22 AM »
The vendor specifically says I can't use the credit to offset the regular purchases. I'm basically creating a cash account called "Vendor Credit" and I'll use that "cash" to make future purchases from that vendor. I guess I have to offset purchases, and if I have credit left when the year ends I'll have to make an adjustment to purchases, to reflect the actual purchases.
It should still be considered a vendor credit which reduces cogs.  I would say make a vendore credit and dont apply the credits. Until when you make a specific purchase that gets covered by all avail credits
#TYH

Offline sruliL

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jun 2016
  • Posts: 220
  • Total likes: 5
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
    • My Photos
  • Location: Greater New York Area
Re: QuickBooks
« Reply #66 on: April 13, 2018, 11:46:35 AM »
Where is the cheapest place to order QuickBooks checks for multiple bank accounts?
Life's not about doing things good, its about doing good things.

Offline MAJ

  • Dansdeals Platinum Elite
  • ****
  • Join Date: May 2012
  • Posts: 486
  • Total likes: 6
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: NY
Re: QuickBooks
« Reply #67 on: April 13, 2018, 11:52:08 AM »
Where is the cheapest place to order QuickBooks checks for multiple bank accounts?
Blank stock? ive googled around and just ended up ordering from PrintBoss even though they are likely not the cheapest.

Offline Alexsei

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Sep 2011
  • Posts: 5789
  • Total likes: 1421
  • DansDeals.com Hat Tips 5
    • View Profile
    • Travel & Kivrei Zadikim
  • Location: Truckistan
  • Programs: COVID-23
Re: QuickBooks
« Reply #68 on: April 13, 2018, 11:52:34 AM »
Where is the cheapest place to order QuickBooks checks for multiple bank accounts?
.
http://forums.dansdeals.com/index.php?topic=6012
Jews ≠ Zionists
Palestinians ≠ Hamas
Satmar ≠ SatmarHQ

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4102
  • Total likes: 1015
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: QuickBooks
« Reply #69 on: April 13, 2018, 12:01:13 PM »
Where is the cheapest place to order QuickBooks checks for multiple bank accounts?
i always order compuchecks.  you should be able to find a coupon. its fast and easy and very decent priced.  and i believe its a jewish company
#TYH

Online etech0

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 12862
  • Total likes: 3317
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: not lakewood
  • Programs: DDF
Re: QuickBooks
« Reply #70 on: April 13, 2018, 01:12:38 PM »
Workflowy. You won't know what you're missing until you try it.

Offline sruliL

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jun 2016
  • Posts: 220
  • Total likes: 5
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
    • My Photos
  • Location: Greater New York Area
Life's not about doing things good, its about doing good things.

Offline sruliL

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jun 2016
  • Posts: 220
  • Total likes: 5
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
    • My Photos
  • Location: Greater New York Area
Re: QuickBooks
« Reply #72 on: April 13, 2018, 01:49:10 PM »
i always order compuchecks.  you should be able to find a coupon. its fast and easy and very decent priced.  and i believe its a jewish company
Thanks, I'll check them out.
Life's not about doing things good, its about doing good things.

Offline Yammer

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2015
  • Posts: 3695
  • Total likes: 217
  • DansDeals.com Hat Tips 1
    • View Profile
Re: QuickBooks
« Reply #73 on: August 27, 2019, 04:08:45 AM »
Trying to reprint a bunch of non payroll checks for record purposes. Can't seem to find a way to print in bulk based on the payee.

Any ideas?

Offline stooges44

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2017
  • Posts: 6454
  • Total likes: 2749
  • DansDeals.com Hat Tips 269
    • View Profile
Re: QuickBooks
« Reply #74 on: May 14, 2020, 09:27:01 PM »
Client bought the business, they want to copy certain parts of the QB file to a new company file to start fresh. So far so good.

Now they want to export only transactions (invoices) from the date of the sale but try as I might I don't see a way to do that?

Any ideas?

Thanks
If it's not free shipping it's not worth it.

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4102
  • Total likes: 1015
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: QuickBooks
« Reply #75 on: May 14, 2020, 09:36:58 PM »
Client bought the business, they want to copy certain parts of the QB file to a new company file to start fresh. So far so good.

Now they want to export only transactions (invoices) from the date of the sale but try as I might I don't see a way to do that?

Any ideas?

Thanks
https://www.transactionpro.com/
#TYH

Online etech0

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 12862
  • Total likes: 3317
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: not lakewood
  • Programs: DDF
Re: QuickBooks
« Reply #76 on: April 28, 2022, 12:26:36 PM »
Quickbooks Desktop - is there a way to generate a donation receipt for a donor that lists multiple donations with dates and amounts?
Workflowy. You won't know what you're missing until you try it.

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4102
  • Total likes: 1015
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: QuickBooks
« Reply #77 on: April 28, 2022, 12:50:12 PM »
Quickbooks Desktop - is there a way to generate a donation receipt for a donor that lists multiple donations with dates and amounts?
statement showing all activity?

Online etech0

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 12862
  • Total likes: 3317
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: not lakewood
  • Programs: DDF
Re: QuickBooks
« Reply #78 on: April 28, 2022, 12:51:06 PM »
statement showing all activity?
Can that be formatted as a donation receipt with the org info at the top and tax id info at bottom?
Workflowy. You won't know what you're missing until you try it.

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4102
  • Total likes: 1015
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: QuickBooks
« Reply #79 on: April 28, 2022, 12:53:47 PM »
Can that be formatted as a donation receipt with the org info at the top and tax id info at bottom?
just add that info as a memo.  but make sure you are not double receipt-ing for the same donation as it seems like you gave already individual donation receipts
#TYH