The built-in QuickBooks certified payroll report is a frequent topic on the Intuit Community forums . Learn how to check the report for accuracy BEFORE submission. Continue reading
Taking a Health Insurance credit against the full prevailing wage fringe benefit and reporting it correctly on the Federal WH-347 Certified Payroll Report can be very confusing. Continue reading
Currently there is a "bug" that effects the Profit & Loss by Class report when it displays the final vendor payments, which then also adversely affects the Balance Sheet by Class Report. Continue reading
The QuickBooks Help file says that the Balance Sheet by Class Report doesn't support multiple currencies, and that you shouldn't attempt to run or use this report if you use multicurrency in QuickBooks. Continue reading
Paying and taking an early payment discount for a vendor bill that has multiple classes causes a difference in net income between the Balance Sheet by Class and the Profit & Loss by Class reports because only a single class can be assigned to the discount. Continue reading
There is some good news about Receiving Customer Prepayments, and that is -- this problem corrects itself; when you create and apply an invoice to the payment at a later date; because the invoice will have a class assigned to it. Continue reading
Another limitation of the Balance Sheet by Class report that I was disappointed in is that payroll liability payments to classes are not automatically allocated and must be manually done by the user. Continue reading
In this article, we'll discuss one of the limitations of the Balance Sheet by Class Report that I was most disappointed in - and that is being unable to assign multiple classes in timesheets and then ultimately in paychecks. Continue reading
A Balance Sheet by Class Report has been requested by many QuickBooks users and the accounting professionals, it is not without limitations and drawbacks, making this a report that will be able to be used by some companies and in some instances but not all. Continue reading
Intuit has finally fixed the Purchase Order Reporting to ACCURATELY display open balances, without a lot of additional manipulation by the user. My overall opinion is that for any company that issues Purchase Orders, this is a marked improvement in the overall functionality of QuickBooks. Continue reading
