thinkQuickBooks

helping right brain professionals navigate the left brain world of accounting

Archive for the month “September, 2012”

I’m a finalist for “CANADA’S SUPERSTAR BOOKKEEPER!” Will you take a minute and vote for me?

Here’s the link. The winner will be announced on October 22nd.

http://www.c2online.ca/Home/BookkeeperSuperstarsCanada.aspx

Thanks for your support!

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It’s here! Intuit Canada announces release of QuickBooks 2013!

http://quickbooks.intuit.ca/accounting-software/compare-quickbooks-editions.jsp

And if you’re in the US, you can find the 2013 product link here:

http://quickbooks.intuit.com/product/accounting-software/small-business-software.jsp

I was fortunate enough to be able to beta test versions from both Canada and the US this year, which I really enjoyed. There are some interesting new features, most noticeably, the overall look. Personally, I love most of the changes with a couple small exceptions. It will be exciting to hear from users what they think of the new changes!

How do I get the correct date range to show when “Filing Sales Tax?”

When you use the FILE SALES TAX feature of QuickBooks and your from and to dates don’t coincide with your actual filing dates, you haven’t indicated the correct date range. It’s fairly simple to manually change the date range for the period that you’re filing, but you can set this up so that the correct date range automatically shows up each time you open the FILE SALES TAX window. Here’s how to set the default date range in the Canadian version of QuickBooks:

Go to the VENDOR CENTRE and double click the vendor RECEIVER GENERAL. Then click on the TAX AGENCY INFO tab. Choose your Reporting Period (Monthly, Bimonthly, Quarterly, Bi-annual, or Annual). Then choose the Period Ending. Once this is set, it will show up automatically when you go to FILE SALES TAX.

Why doesn’t vendor discount show when I go to PAY BILLS?

This is a common annoyance affecting anyone using vendor discounts. It’s an issue in Canada (not the US), and my hope is that it will be fixed in the near future!

PROBLEM:

When most users enter a BILL, they typically enter the information in order; in other words, the way QuickBooks guides you through entering the bill if you tab from field to field. That means that the AMOUNT of the bill is typically entered on the top portion where it says AMOUNT DUE.

However, if you enter a bill this way AND use vendor discount terms (ie 1% 10 Net 30), the amount of the discount will NOT show up when you go to PAY BILLS. This is a known issue that QuickBooks Canada has yet to fix.

SOLUTION:

When entering a bill using a vendor discount, DO NOT manually populate the AMOUNT DUE field on the top of the bill. Skip past this field and enter the $$ information on the bottom half of the bill. THEN CLICK RECALCULATE. This method will ensure that your discount will show up in the PAY BILLS window.

BOTTOM LINE:

Do not manually populate the AMOUNT DUE field if you want your vendor discount to show up in the PAY BILLS window.

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