Question about Intuit Quickbooks Financial Statement Reporter V1.0 (281908) for PC

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Are start up company expense considered an asset or should it be expensed out

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Re: are start up company expense considered an asset or...

Start up expenses for a company are considered both Assets and Expenses. Assets, Liabilities and Capitol are all on the Balance Sheet. Revenue, Cost of Goods and Expenses are on the Profit and Loss. Quicken and Quickbooks will help you set up all your accounts.

Posted on Dec 29, 2007

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My business is 6 months old I need to know how to enter the history of the company I have been keeping the books by hand

I would recommend these steps.
1. Go back to the bank statement you received from your bank back to the point where you want to start your company history
2. Set up accounts that fit your type of business or pick from one of the template business accounts they provide. Typically this is automatically done when you first set up quickbooks
3. Open the Quickbooks check register and start entering all the expenses and deposits you made for the past 6 months exactly like you would enter them in a check book register. It's easy but can be time consuming.
That's all there is to Quickbooks. It's a great software program that will show you monthly P&L and I recommend you take the time to set up company budgets so you can know exactly what it cost to run your business. Budgets are under <Company> then <Planning and Budgets> depending on the version you have.

Hope this helps.

Sep 29, 2013 | Intuit Business & Productivity Software

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I have a registration code and product key. why the hustle of noe looking for a validation code? Calling intuit is expensive considering where i am. Cant ii use email or anything of the sort?

No, you need to have an intuit rep on the phone. The validation code unlocks the program to unlimited use. Only intuits systems can generate the validation code based on the install key and product code.

Sep 23, 2011 | Intuit QuickBooks Pro Edition 2009 Full...

1 Answer

Link invoices to expenses to find profit

Cost are posted when you make a check, enter a bill and or payroll. Look for the cient column on the right side. Whenever you record an expense it will go nto nthat client. Then you'll be able to print a profit and loss by client.

Jul 30, 2010 | Intuit QuickBooks Pro 2008: Windows

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I have an Accounting problem I have an Accounting problem that I am not understanding, need help with it. Preparing a work sheet, adjusting and closing entries, and financial statements. This is the...


Download the answer from the file i have already uploaded for you.

Let me know,if needed further assistance.

Hope i helped you.

Thanks for using ' Fixya ' and have a nice day!!

Jul 16, 2010 | Microsoft Office Accounting Professional...

2 Answers

I am getting error codes 6129,0 and 6073, 816 on my quickbooks 2008. What can I do to open the company?

This error can occur when:
  • Data is converted or restored over a network.
  • Several computers are acting as host for the QuickBooks data file.
  • QuickBooks is unable to communicate with the server.
  • There is data damage in your company file.

If the error occurred when you were restoring a company file from a backup or updating a company file to a newer version of QuickBooks over a network:
  1. Copy the backup file (.qbb file extension) or the company file you want to update (.qbw file extension) to a local hard drive.
  2. Restore the backup or update the company file.
  3. Copy the restored or updated company file back to its original location.

If the error occurred when you were trying to open and use a company file:
  1. Update QuickBooks to the most current release on all computers that open the company file.
  2. Close QuickBooks on all the computers with access to this company file.
  3. On the computer you select to host the company file, switch to single-user mode, and then back to multi-user mode:
    1. Open QuickBooks and open the company file.
    2. Choose File > Switch to Single-user Mode.
    3. Choose File > Utilities > Stop Hosting Multi-User Access.
    4. Choose File > Switch to Multi-user Mode.
    5. Choose File > Close Company to close the company file.
  4. On all other computers that will use the company file, stop hosting multi-user access :
    1. Press and hold Ctrl while you open the QuickBooks program and continue pressing Ctrl until QuickBooks opens completely. This opens QuickBooks without opening a company file.
    2. Choose File > Utilities >Stop Hosting Multi-User Access. If that option doesn't appear, the computer is not hosting and no further action is necessary.
    3. Repeat steps 4.a and 4.b for each computer other than the host computer.
  5. Configure the QuickBooks server for multi-user access:
    1. Click the Windows Start button and choose All Programs > QuickBooks > QuickBooks Database Server Manager.
    2. Click the Scan Folders tab.
    3. Click the Add Folder button, select the folder that contains your QuickBooks company file, and click OK. Repeat this step if necessary to add additional company file folders.
    4. Click the Scan button to begin scanning. After the scan is finished, the company files in the scanned folders are configured for multi-user access.
  6. Open the company file in QuickBooks. If you receive the same error message, refer to Settings required for firewalls to make sure your firewall is properly configured to allow QuickBooks access to your company file.
  7. Open the company file in QuickBooks. If you receive the same error message, open a different company file or a sample company file located in one of the folders you scanned with the Database Server Manager.
    • If no company file will open, reboot the host computer and try again.
    • If other company files open without error, the company file generating the error message may be damaged. For more information refer to Verifying and rebuilding QuickBooks company data.

Jun 01, 2010 | Intuit QuickBooks Pro 2008: Windows

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Installing quickbooks pro2008 from old hard drive into new hard drive. Can not find latest expense inputs.

Sounds like you did not copy the most current file or perhaps you restored an old backup.

Feb 12, 2010 | Intuit QuickBooks Pro 2008: Windows

1 Answer

How do you set up and use a petty cash account. I need to reimburse petty cash and record the expenses in the proper account.

You set up a petty cash imprest fund account as a bank account type. When you make a check to replenish the PC fund you enter the diferent expenses to the diferent expense accounts.

Oct 14, 2009 | Intuit QuickBooks Premier 2008 (3-User...

1 Answer

Is there a way to import an excel spreadsheet into quickbooks as expenses without the use of IIF?

You can save the file as a csv (comma seperated values) which will lose all the formatting in the excel sheet and save only the single worksheet. You should then be able to open this in quickbooks.

May 08, 2009 | Intuit QuickBooks: Pro 2005 for PC

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