Wendy Mccoy

Hi Shaz another one advertising do you want me to report these when I come across them or just ignore them I don't want to be a nuisance to you.

http://forums.quickbooksusers.com/showthread.php?t=52684

Hi Wendy, thanks for the note. We've deleted those threads and spammers.

Hi Wendy (Sorry - Have only just had chance to reply. Haven't been on the forum in a while & was “replying” yesterday, but got interrupted!)
I would disagree slightly with Tupham - Your "Deposit" from the ATO in QBs MUST match the amt of refund you rcvd from the ATO, otherwise your bank acct won't reconcile!
Record your "Deposit" From: "Australian Taxation Office" , Account: "Tax Payable" of $ 1,845 to record the Refund. However, on the PAYG Tax Liab Chq, click on the “Expenses” tab & select the “Opening Bal Equity” acct, then enter the amount as -$ 2,550. (This creates a “0.00” Liab Chq amt, allowing you to ‘pay’ the PAYG & reduce that liability, but not record a monetary pymt amt from the bank acct.
I’d enter a relevant memo in all “Memo” sections too (eg “Oct-Dec 2011 PAYG ($ 2,550 - Offset by GST Refund)” )

Hi Wendy
Apologies for my delay in responding - So flat out, I haven't been on the forum for a while ....
In answer to your question....
A "Deposit" is actually a "Liability" to the business as if the job is not done, the refund must be returned to the customer:

Create an Item called "Deposit Received" (no tax code), link it to a liability account called "Customer Deposits Held", then create a Sales Receipt in the customer's name using the "Deposit Received" item. When the job is complete, issue the Invoice for the full amount of the job (tax coded correctly) with a negative second line item of "Deposit Received". This will clear the liability account and leave the invoice for the net amount due. The liability account is reconcilable so that you always have an exact record of whose deposits are still outstanding.

After last update to 2011 2012 manufacturing and wholesale edition invoices on the customer side will not remember to keep ticked, the box " amounts include tax", so I have to remember to tick each one as I do them, hence I have check every invoice again in case I miss one. Has anyone got any clues I have tried everything I can think of eg pref. rebuild etc

After last update to 2011 2012 manufacturing and wholesale edition invoices on the customer side will not remember to keep ticked, the box " amounts include tax", so I have to remember to tick each one as I do them, hence I have check every invoice again in case I miss one. Has anyone got any clues I have tried everything I can think of eg pref. rebuild etc