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Year end reports count sales receipts and deposits twice

I've been entering rent income on sales receipts. Then I also enter my deposits in the check register. When I run year end tax reports it counts the sales receipts as income and then double counts my deposits as income. What did I do wrong?

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The income is registered in the sales receipt. The money received is in an account called "undeposited funds". When you make a deposit you tranfer from undeposited funds to the bank account. See deposit help in QuickBooks

Posted on Aug 11, 2010

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Posted on Jan 02, 2017

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How to program bottle deposit on xe-a507


PartsandTheirFunctions Printer cover Operator display Keyboard Drawer Check slot Drawer lock SD card slot (Refer to the "SD CARD Mode" section.) Printer The printer is a thermal printer, and therefore it does not require any type of ink ribbon or cartridge. The average life of the printer is approximately 6 million lines. When removing the printer cover, lift up its rear. When installing the printer cover, hook it on the pawls on the cabinet and shut it. CAUTION:Thepapercutterismountedontheprintercover.Becarefulnottocutyourself. Keyboard ? Keyboardlayout ? Functionkeylist { Receipt paper feed key PLU/sub-department/UPC key } Journal paper feed key Department code entry key Function menu key Department shift key a Auto key CLK# Clerk code entry key w Tax1 shift key Department 1-40 key 0 Percent 1 key FI Cursor (up/down arrow) key - Discount key m Mode key t Void key Escape/Cancel key H Help key X Charge 1 key f Refund key R Receipt print key @ Multiplication key Y Charge 2 key P Decimal point key u PLU/UPC inquiry key l Clear key x Check key 0 9 : Numeric key ; Non-add code/Time display/Subtotal key A Cash/Amount tender/No sale key Displays ? Operatordisplay •Screenexample1(REGmode) Salesinformationarea: When a transaction information occupies more than 2 lines, you can scroll to the direction by using the F I keys. Sales information you have just entered such as items and prices will appear between 1st line and 2nd line. Total is always appear at 3rd line. NumericEntryArea: Statusarea: Mode name Status information Clerk code Receipt ON/OFF status indicator (R) : Appears when the receipt ON-OFF function signs OFF. Sentinel mark (X) : Appears when the cash in drawer exceeds a programmed sentinel amount. The sentinel check is performed for the total cash in drawer.

Sep 28, 2016 | Sharp ELECTRONICS CORP. Xe a203 cash...

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You want to rent a jet ski it would cost 50.00 for a deposit plus 35.00 per hour how long can you rent the jet ski if you have 450 budgeted for the rental fee


$450.00 divided by $35.00=12 hours with $30.00 left to pay the sales tax. $35.00 x 12hrs =$420.00. The deposit can be figured in the available cash as when you return the jetski you will be refunded the $50.00 deposit giving you the whole $450.00 to use to pay the bill.

Mar 15, 2015 | algebra.com Computers & Internet

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Entering several PLU items on a paticular sale (one sale).


Submitting multiple postings for the same fault will not get it answered any faster. Please try not to do this.

May 02, 2013 | Computers & Internet

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How do I take get the money to come out of the undeposited funds


Which accounting package are you using? The Avanquest Computer Utilities doesn't have an accounting section to my knowledge. If you have Quickbooks, go to Banking (in the Menu Bar) and select Make Deposits. There will be a button to see the funds in the Undeposited list. Check each one and select the account into which the deposits are going. Then click Deposit (or whatever the button is for your version). Then Save, if needed.

I've used Quickbooks 2009-2012. There have been slight differences between the versions.

I hope this helps. Please give more information so that I can double-check the titles/buttons for your accounting software.

Cindy Wells
(My family business is set up so that I usually enter sales and another person enters the deposits on another day.)

Jan 16, 2013 | Avanquest Computers & Internet

1 Answer

My casio PCR -T2000 won't print receipt paper. The paper is not moving. There is no error on the screen. There is no jam. It is the correct thermal paper. I've tried turning power off and on and...


You haven't mentioned the journal roll, so I will assume it prints the journal but not the receipt. What happens if you press the post receipt button at the end of a sale. Does it print daily reports on both rolls? --------------------------------------------------------------------
If anyone needs a Casio PCR-T2000 manual, C-tech collective have it here: http://the-checkout-tech.com/manuals/cashregisters/Casio3.php

Jul 25, 2011 | Casio Parts Cash Register PC Desktop

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Hello...my problem is this...... everytime me or my employees run a report....x, or z....we are all always given a report that states we have made a considerable amount of money, more than what we actually...


Hi!

Don't panic! Hair is irreplaceable, I know!

Fact: Cash registers only register what is being entered, and run a subtotal. At the end of the day, when you get the daily report, all transactions and the final amount are printed out for you.

I suspect several mistakes are/were made, and not corrected properly, or sales not voided when they should have been.
Punching an extra digit in a moment of rush is not as difficult as it seems. You'd be amazed!

One way to unravel the mystery would be to check all the day's transactions.

It is a cash register with 2 paper rolls, right? One for receipts, and one for the journal.

So, all you have to do is sit down at the end of the day and figure how many overpriced item were sold, or how many sales are duplicate, or how many sales were not voided.
And one more thing ... as Colombo would say, how many of your employees have free access to the cash register?

Do charge recipts match the register entries?
Does the cook and the bottlewasher have access to the register as well?
Do many customer come to get change?
Does the same thing happen when you are there?
And most importantly, how does your inventory compare to the sales?

Sounds like this has been going on for sometime, so take some time to try to figure out how these mistakes are made.

You're not an absentee business owner, are you?

Feb 14, 2011 | Office Equipment & Supplies

2 Answers

How can i use credit card mashine


Hi,
Following are the steps to use credit card machine

step1:Input the credit card numbers.If you have the credit card in hand, swipe it through the card reader. Most readers have a small icon or picture on them that shows which way the magnetic strip on the back of the card should be facing. If not, try running it
through the reader with the strip facing the machine first, since that is the most common direction. If you have a phone order, or do not have the credit card in hand, select the button marked "sale." On many machines this is also the "1" key, but it varies depending on the brand of the machine. Then follow the on-screen prompts to enter the card number and expiration date. Always double-check the numbers before pushing enter

step 2:
Input the sale information.Typically, the machine will first ask for the sales amount in dollars and cents. Input the amount using the number keypad. Double-check the amount to make sure it appears correctly on the screen and if it does, then push enter. If you accidentally input the wrong amount, look for the "clear" or "delete" key and start over. In some cases, the machine will prompt you for additional information after you've entered the sale amount. Follow the prompts to enter information, such as the customer's zip code or an order number.

step 3:
Wait for the sale to process. Depending on the machine's connection the sale may process within seconds or it may take a few minutes. If the machine seems to become "stuck" while processing a sale, do not re-enter the sale, but instead call the processing company's phone number for further instructions. In many cases this number will appear on a sticker on the machine.

step 4:
Process the receipt.If the customer is present, have them sign the credit card receipt. Give them the copy and retain the original for your records. If the customer is not present, write "phone-in" or another appropriate phrase on the signature line of the receipt. Keep one receipt for your records and include the other in the shipment of the goods to the customer.

step 5:
Close the batch.Double-check with your processing company, but most require you to run a "batch report" or close a batch of credit card receipts each day. This is the process that tells the company to finalize the credit card charges and deposit the balance to your account. Many machines will have a key that is marked "batch." You can press this key and then follow the prompts to close the batch at the end of the day. If the machine does not have a "batch" key, consult the user's manual for instructions or call your credit card processing company for instructions.

Thank you

Mar 14, 2010 | IBM Domino.Merchant Server Pack Upgrade...

1 Answer

Reconciling


If you are trying to reconcile to your bank balance, you should not be reviewing the "deposit detail" report.

1) Go to "Banking" then "Reconcile"
2) If the "Opening Balance" is incorrect, then close the "reconcile" window and go to "Reports" then "Banking" then "Bank Reconciliation Discrepancy" report. (This report will reveal what changed after your last successful reconciliation).
3) If the "Opening Balance" is correct, then you want to press "continue" to focus on the bottom of the window, which reveals "total deposits marked as cleared". If you have duplicates, you will see them on the right side of the screen, but the ultimate goal is to have a "Deposits Total" (in QuickBooks) that agrees with the "Deposits Total" (per Bank Statement).

The "Deposit Detail" report is a "Journal Report" to show you details of historical deposit records, Has nothing to do with "reconciling" your current bank balance.

Feb 08, 2010 | Intuit QuickBooks: Pro 2005 for PC

1 Answer

I am new to the program. Having trouble receiving $ from people and then using the program to deposit the $ then showing the $ has been accounted for


Are you receiving $ by:
a) entering "Sales Receipts" (or)
b) entering "Invoices"

You may want to request the FREE
"3 Step Picture Guide" for getting started with QuickBooks - available at:
http://www.accountingdirectors.com/training.aspx

Jan 02, 2010 | Intuit QuickBooks Pro 2007 Full Version...

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