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How to Delete a Journal Entry in QuickBooks? 

How to Delete a Journal Entry in QuickBooks? 

Making an incorrect journal entry mistakenly is pretty common. In such a scenario, you might have to delete or reverse an entry by performing some basic steps. You can simply create journal entries in QuickBooks on your own, and if some issue arises, you can edit or correct a journal entry by reversing it if needed. Any entry made mistakenly can be removed permanently. A journal entry can be created and deleted in both QuickBooks desktop and QuickBooks online. However, the process might differ in both cases. To help you further, here we are with this segment sharing how to delete a journal entry in QuickBooks successfully. 

In case you have any queries or if you need any sort of technical guidance at any point in time, then in that case, feel free to connect with our technical support professionals at +1-844-499-6700, and let them help you with your queries. 

Also Read: How to Download Bank Feed transactions in QuickBooks Desktop?

Important points to consider 

Before you directly jump on to the steps to reverse or delete journal entries, it is essential to understand the difference between the two. 

  1. Reverse a journal entry: This can be done when you need to allocate a transaction between two accounting periods or fix a debit/credit error. Note that, reversing simply reverses the debits and credits and doesn’t delete the original entry. 
  2. Delete a journal entry: In case you create it by mistake and need to get rid of the entry permanently. 

How to delete a journal entry in QuickBooks Desktop? 

The procedure to delete a journal entry in QuickBooks Desktop is different from QuickBooks Online. Let us understand the steps in detail: 

  1. Initially, you need to head to the company menu. 
  2. Now, choose make general journal entries. 
  3. Once done with that, find and choose the journal entry that you want to delete:
    • In QuickBooks for Windows, choose find and enter the name, date, entry no, or amount, and then choose find. 
    • In QuickBooks for Mac, choose the journal entry you wish to reverse from the list on Make general journal entries window. 
  4. In order to delete the journal entry:
    • You need to double-click the journal entry in QuickBooks for Windows and then choose delete, or void and click on the ok tab. 
    • In QuickBooks for Mac, you need to choose Delete General Journal from the edit menu. 
  5. And the last step is to choose save and close. 

You might find this helpful: How to Delete Duplicate Transactions in QuickBooks? 

Steps to reverse a journal entry in QuickBooks Desktop 

In order to reverse a journal entry in QuickBooks desktop, you need to carry out the following steps: 

  1. At first, navigate to the company menu and choose Make general journal entries. 
  2. After that, find and choose a journal entry that you want to reverse.
    • In QuickBooks for Windows: You will have to choose find and enter the name, date, entry no, or amount and choose find. 
    • Whereas in QuickBooks for Mac, you simply have to find and select the journal entry you wish to reverse on the left side of the Make general journal entries window. 
  3. Now, go for the reverse option. 
  4. And lastly, choose save and close. 

How to Delete a journal entry in QuickBooks Online? 

Note that, deleting a wrong journal entry can unbalance the accounts immediately. Thus, you must be absolutely sure to delete the journal entry. In case you invited your accountant to review your books, then instead of deleting the entry, it is possible to make an adjusting journal entry. Having said that, let us check out the steps to delete a journal entry in QuickBooks Online. 

  1. To begin with, you simply need to choose the settings tab and then go for the chart of accounts. 
  2. Once done with that, find the account you create the journal entry for. 
Chart of accounts- Delete a journal entry in QuickBooks
  1. Now, choose the account history tab. 
  2. And find the journal entry in the account register. 
  3. The word journal should be present in the Ref no. or type column. 
  4. The next step is to choose a journal entry to expand the view. 
  5. Then, simply click on delete and yes to confirm. 
  6. This would delete the entry successfully. 

Steps to reverse a journal entry in QuickBooks Online 

Reversing a journal entry usually reverses the debits and credits and doesn’t delete the original entry. The steps involved in reversing a journal entry in QuickBooks online are as follows: 

  1. You need to first choose the settings tab and go for the chart of accounts in QuickBooks
  2. Once done with that, find the account you created the journal entry for. 
  3. Now, go for the account history. 
  4. And find the journal entry in the account register. 
  5. The word journal should be in the Ref no. or type column. 
  6. The next step is to choose the journal entry to expand the view and click on the edit tab. 
  7. Now, choose reverse and click on save to end the process. 

When you reverse an entry in QuickBooks, the software creates a new journal entry to balance it. This is a record of the changes that you made. 

The new journal entry in QuickBooks might show slightly different information. 

  1. The reversed journal entry keeps the original journal no. and further adds the letter R indicating Reconciled. 
  2. The new entry is dated the first day of the month following the original journal entry date. 
  3. It further keeps the same info, such as account, name, and description as the original journal entry. 

Also Read: Compile Error in Hidden Module – QuickBooks [FIX]

Conclusion! 

Deleting or reversing a journal entry in QuickBooks desktop and online involves a handful of steps only. However, it is important to ensure that you actually need to delete or reverse the entry or not, as this might trigger balance issues. Hopefully, reading this segment might have helped you in successfully deleting or reversing journal entry in QuickBooks. However, if you have any queries at any point in time, then in that case, feel free to connect with our technical support team at +1-844-499-6700, and we will provide you with immediate support and assistance. 

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QuickBooks Credit Memos – How to Create and Apply?

QuickBooks Credit Memos – How to Create and Apply?

Do you know how and when to give a credit memo or delayed credit to customers? Well, we can help you with that. At times, instead of a refund, some customers prefer getting a credit that they can use to reduce the balance on their next invoice. It is possible to handle credit memos in QuickBooks using a bunch of ways. You have two different options, one is to create a credit memo to immediately reduce a customer’s current balance, and the other is to enter a delayed credit so that it can be used in the future. In this segment, we are going to discuss further about the differences and how they can be applied to the customer transactions. 

It should be noted that if you are refunding money that a customer has paid already, then it is suggested to record a customer refund in QuickBooks by creating a refund receipt. Having said that, let us proceed with the segment and understand QuickBooks credit memos better. However, if you have any queries, or if you need any sort of professional guidance at any point in time, then we suggest you consult our technical team at +1-844-499-6700, and we will help you with your doubts immediately. 

Also Read: How to print voucher checks in QuickBooks Online? 

What is the difference between QuickBooks credit memos and delayed credits? 

QuickBooks lets you give credit using a credit memo or delayed credit. However, there are a few key differences that we have jotted down. Let us evaluate: 

Credit memo in QuickBooks

  • A credit memo can be used in case your customer wants to immediately reduce their current open balance. 
QuickBooks credit memos
  • It can also be used as payment for an invoice by the customer. Either they can use all of their credit memos or a portion of it. 
  • A credit memo can be applied when recording payment for a customer’s invoice. 
  • Note that, credit memos impact sales reports, even if you do not apply them to the invoices. 

Delayed Credit in QuickBooks

  • In case you wish to track a customer’s credit for future use, and they do not want it to instantly affect their current open balance, then using a delayed credit might help. 
  • The customer can use their delayed credit to reduce the balance of an invoice. 
  • One can add delayed credits to future invoices as a line item. 
  • Delayed credits do not impact sales reports until you apply them to invoices. 

Steps to create and apply a QuickBooks credit memo 

In order to create and apply a credit memo, you can try performing the steps enumerated below: 

Step 1: Turn on or turn off automatically apply credits 

  • Begin with heading to the Settings tab 
  • Choose Account and settings 
  • You now have to choose the advanced tab 
  • Once done with that, choose the edit tab in the automation section 
  • Also, turn on automatically apply credits, in case you wish to automatically apply credits to customer balances or open invoices. 
  • After that, turn if off in case you wish to make a decision that open invoices you want to apply credit memos to. 
  • The last step is to choose Save and click on Done. 

Related Blog: Create an invoice in QuickBooks Online

Case 1: Automatically apply credits setting is on 

Simply turn on auto-apply credits, to automatically apply credits to the oldest open invoices for the same customer. In case it is on, here is what happens:

  1. In case you have older open invoices, QuickBooks will apply the credit to the oldest open invoice. If none, QuickBooks will apply the credit to the next invoice. 
  2. Just in case the credit matches the amount on the invoice, the credit memo and invoice will show Closed. In case the credit is less than the amount of the invoice, the credit memo will show as closed, and the invoice will depict partial. 
  3. Also, if the credit is more than the amount of the oldest open invoice, QuickBooks applies the remainder to the next oldest open invoice. In case there is no more open invoices, then the status of the credit memo will show unapplied 
  4. In case you create credit and the customer owes nothing, then they will have a negative balance. 

Case 2: If the automatically apply credits setting is off 

If you create a lot of invoices and credit memos for customers, then you need to turn off auto-apply credits. Just in case you apply specific credit memos to specific invoices, then here is what happens if it is off: 

  1. When you enter a credit, QuickBooks won’t apply it to any open invoices. 
  2. Moreover, when you receive a customer payment using receive payment, then it has a credits section. Choose when to apply credits and to which invoices. 
  3. In case you don’t link any credits, the customer balance detail report will show that both the invoice and the credit memo have open balances. They further show as open or customer and sales transaction pages. 
Remove auto-applied credits from an invoice 
  • Here you need to choose an invoice that has the credits applied 
  • After that, choose the blue hyperlink of the credit applied, and then choose the date. 
  • The payment transaction will open. 
  • The next step is to choose more and then delete. Also, choose yes to confirm. 

In case you want to transfer credit from one customer to another, create a journal entry, then apply the credit. 

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Step 2: Credit a credit memo 

  • The very first step is to choose +New 
  • Then, choose the credit memo 
  • From the customer dropdown, you need to choose customer’s name 
  • Also, enter the credit memo details, such as the date and the amount. 
  • Note that, you can create a custom credit service item so that you can quickly add it to credit memos as a single line item. 
  • After you are done, choose save and close. 

Step 3: Apply the QuickBooks credit memos to an invoice 

Just in case you turn on the auto-apply credits, QuickBooks will apply the credit for you. And in case you turn it off, you can manually apply a credit memo to an invoice. 

  • Begin with, choose + New 
  • After that, choose Receive payment 
  • Select the customer from the customer dropdown. 
  • You now have to choose the open invoice you wish to apply the credit memo to in the outstanding transactions section 
  • In credits section, choose the credit memos you wish to apply 
  • Also, note that, if you do not see the credits section, in case you haven’t created the credit memo. 
  • Enter the credit you want to apply for the open invoice in the payment column. 
  • Now, leave the payment method, reference no, deposit to, and the amount received fields blank. 
  • Also, enter in the rest of the details including the payment date. 
  • Ensure that the total is correct after applying the credit memo.
  • The last step is to choose save and close. 

Steps to create and apply a delayed credit 

For creating and applying a delayed credit, the steps enumerated below can be implemented. 

Step 1: Create a delayed credit 

  1. To begin with, you need to choose + New 
  2. After that, choose delayed credit 
  3. Now, from the customer dropdown, choose the customer’s name 
  4. And then, enter the details, such as the date and the amount 
  5. Note that, you can create a custom credit service item, so you can quickly add it to the delayed credits as a single line item 
  6. The last step is to choose save and close. 

This saves the delayed credit and you can opt for apply it the next time you create an invoice in QuickBooks. 

Step 2: Apply delayed credit to an invoice 

Adding a delayed credit to an invoice from a prior accounting period will affect that period’s balances. 

  1. You need to choose + New 
  2. And then go for the invoice 
  3. After that, in the customer dropdown, choose the customer. 
  4. This opens a window with all open transactions for the customer and further includes invoices and delayed credits. 
  5. Also, note that, if you do not see this, choose the small arrow next to the invoice balance due. 
  6. Once done with that, find the delayed credit and choose add. 
  7. This adds the credit as a line item to the invoice 
  8. Now, fill in the rest of the details. 
  9. And choose save and close. 

Credit memo customization 

Any sort of customizations applied to the standard template will be applied by the credit memo. Thus, in order to customize a credit memo, you need to edit the standard template according to the requirements. 

Also Read: Reconcile an account in QuickBooks

Conclusion!

Towards the end of this segment, we believe that the information shared in above might be of some help in creating and applying credit memos or delayed credits in QuickBooks online. However, in case of any queries, you need to simply reach out to our technical support professionals at +1-844-499-6700, and they will help you with your doubts instantly. 

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How to Record a Refund in QuickBooks?

How to Record a Refund in QuickBooks?

Want to record and classify refunds easily in QuickBooks? If yes, then this segment is surely something you need to go through. Refunds usually happen when a client has to refund you for an overcharge, returns an item, or cancels a service. The QuickBooks accounting software helps in managing refunds in many ways. You need to record a refund depending on various scenarios. This ensures that your books are up-to-date. To help you out in recording customer refunds in QuickBooks, here we are with this segment sharing the complete set of steps that can be implemented. To learn more, stick around this segment carefully. Or you can also consult our technical support team for any sort of technical guidance and to find out how to record refund in QuickBooks. Dial +1-844-499-6700, for any sort of technical guidance.

Also Read: How to Merge Customers in QuickBooks Desktop?

Record and Categorize Refunds in QuickBooks Desktop

You can perform the below set of steps to record and categorize refunds in QuickBooks. Let us have a look:

Step 1: Launch QuickBooks

Initially, you need to launch QuickBooks software and then sign into the account.

Step 2: Make a new customer

Before you issue a refund, you must have a customer refund. If the customer is not present in your database, then you need to add them using the steps below:

  • Head to the customer menu.
  • After that, choose Customer center
QuickBooks customer center - record customer refund in QuickBooks
  • You need to then press new customer and job option.
  • Also, select a new customer.
Record customer refund in Quickbooks
  • Complete all the customer details like the address, name, contact details, etc.
QuickBooks Add new Customer Details
  • You need to now click on ok tab.

Step 3: Create a refund receipt

Here, you need to record the money that you are giving back to the customer. The steps involved in here are:

  • The very first step is to head to customers menu and select create credit memos/refunds.
Create credit memos
  • You now need to select the customer you are refunding.
QuickBooks Customer Job
  • In the section for item, select the items that are refunded.
  • After that, type the amount of the refund in the particular account column.
  • And then, click on save and close.
QuickBooks Credit Memo

You might find this helpful: How to Create, Edit, or Delete QuickBooks Memorized Transaction?

Step 4: Issue a refund check or implement the refund to the customer’s balance

After preparing the credit memo, you can either apply it to the balance of the customer for future purchases or can refund the amount immediately with the help of the steps below:

  • After the credit memo is saved, a screen will ask you how you wish to handle the refund. Now, select apply to an invoice to use the refund for future purchases.
  • Now, select the option, and give a refund to refund the amount now.
Record a customer refund in QuickBooks
  • Just in case you select the option give a refund, you will get notified to select the payment method for the particular refund along with the account the money will be taken from.
  • Now, click on ok tab.

Step 5: Review the Refund

The last step here is to review the refund to ensure that it has been categorized in the right way.

  • Head to the reports menu.
  • Select the customers and receivables and then opt for customer balance details.
  • Now, find the customer to check the refund

Here is how to: Record a vendor refund in QuickBooks

Steps to issue a refund in QuickBooks

You need to reimburse a client or vendor for an overpayment or returned items, which includes precise paperwork and prompt processing while issuing a refund in QuickBooks.

Partial Refunds

You can reimburse a partial of the initial payment using partial refunds in QuickBooks online. This gives you options when handling refund requests from customers or vendors. This includes determining the refund amount based on the percentages of the original payment being repaid. In order to ascertain transparency in financial transactions and properly represent the partial reimbursement, adjustment entries can be made in QuickBooks online.

Refunding to a Customer

When you receive a refund in QuickBooks, the overcharged amount must be returned or a return request must be processed. Proper documentation and on time compensation are guaranteed. The process involves customer filing a refund request which the authorized staff then examines and approves. Once you get the approval, the payment must be reconciled in QuickBooks to ensure that the amount reimbursed is the same as the initial transaction. After the reimbursement is processed on time, the consumer is informed in full via email. This maintains transparency and confidence. QuickBooks lets a smooth refund management process that lets businesses to maintain both financial accuracy and customer happiness.

Refunding a payment

When refunding a payment in QuickBooks, reversing the associated transaction, updating financial records, and guaranteeing an exact reconciliation of the refunded amount are essential. Initially, you need to find the original payment transactions in QuickBooks and select the suitable refund processing option. Accounting changes must be made when the refund is started, so that the financial records reflect the refund properly. You further need to check that the updated transaction information matches the financial statements. Businesses can guarantee accuracy in the financial records and transparency in their refunding processes by following the protocols.

In order to get the accuracy of the financial reporting and maintain clean financial records, one needs to accurately record and categorize refund in QuickBooks.

Also Read: Resolve the Balance Sheet Out Of Balance In Accrual Basis

How to record a refund in QuickBooks Online?

The above-discussed steps were related to recording a refund in QuickBooks Desktop. Let us now check out the steps that discuss how to refund a customer in quickbooks online.

Customer refund if invoice has been paid

Here is how to issue a refund in QuickBooks. Let us have a look:

Step 1: Enter a credit memo

  • Begin with by simply selecting +New tab and choose Credit memo
  • Once done with that, select the right customer in the customer field
  • You now have to enter the credit memo date, amount, tax, and product/service.
  • It should be noted that in case you choose an inventory item, then QuickBooks will put it back into inventory. In case the item is defective or if you do not wait it added back to inventory, then make an inventory adjustment.
  • The last step is to choose save and close tabs.

In case the customer has overpaid, then you d not need the credit memo as you will already have an unapplied credit that acts as your credit memo.

Step 2: Make a refund

  • Here you simply need to choose + New and then go for expense
  • After that, in the payee field, choose or enter the desired customer.
  • Furthermore, in the payment account field, choose the bank the money is being refunded from.
  • Also, in the category field, choose the debtors account.
  • And in the amount field, enter the amount of the refund.
  • The next step is to choose the appropriate tax in the tax field.
  • Choose save.
  • And also, head to + new and select receive payment.
  • After that add the customer and choose payment method and deposit to.
  • The balance should be 0 as they will cancel each other out.
  • You now need to choose save and close
  • In case you have online banking, head to transactions and then bank transactions.
  • Also, match the record you found.

Refund for goods or services that didn’t satisfy the customer

You can make use of refund receipts, in case a customer asks for a refund for an item or service. In case they used a credit card, then you can perform the steps related to refunding a credit card payment. It should be noted that, in order to avoid a double refund, ensure that you haven’t already entered a credit memo yet.

  • At first, choose new
  • And also, go for refund receipt or give refund.
  • The next step is to choose customer dropdown and then opt for customer you wish to refund.
  • Now, go for refund from drop-down and then choose the bank you deposited the payment for the invoice to.
  • After that, add all products or services the customer returned in the product/service column.
  • And then, ensure to fill the date, quantity, rate, amount, sales tax, and other fields.
  • Once done with that, choose save and close

Refund a customer’s overpayment or credit

One can record a refund to the customer using check or expense, in case:

  • They want to redeem their open credits
  • They made a prepayment for an older but canceled it before receiving the goods or services.
  • They wish to reimburse an accidental overpayment

Making use of a check or expense to record the refund reduces the bank’s balance and offsets the customer’s open credit, overpayment, or prepayment.

Step 1: Record the refund for your customer

  • You need to first choose +new
  • After that, opt for expense, add expense or check.
  • In case you are in a business view, follow the steps to switch to accountant view first.
  • Now, choose the customer you wish to refund from the payee dropdown
  • And then, from the payment account dropdown, select the bank account where you deposited the overpayment to.
  • On the first line of category column, select accounts receivable.
  • After which, you need to enter how much you want to refund in the amount field
  • The next step is to enter in other field as you see fit, and choose save and close.

Step 2: Link the refund to the customer’s credit or overpayment

  • The very first step is to choose +New tab
  • And then, select receive payment
  • Also, choose the same customer you used for the check or expense when recording the refund
  • Enter in the details
  • And in the outstanding transaction section, go for the checkbox for the expense or check you created when recording the refund.
  • It should be noted that in case you have automation to apply bill payments turned on, then this step is done for you.
  • Ensure that the payment is equal to the open balance, and choose save and close.

Learn: How to Create a Proforma Invoice in QuickBooks? 

Conclusion!

Recording a customer refund in QuickBooks isn’t a tough nut to crack. We hope that the information shared in above might be of some help in recording refund in QuickBooks successfully. However, in case of any queries, or if you are unable to record refund even after performing the steps above, then in that case, consult our technical support professionals right away by dialing our technical support number i.e., +1-844-499-6700. Our support professionals will provide you with instant guidance.

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How to Create a Proforma Invoice in QuickBooks? 

How to Create a Proforma Invoice in QuickBooks? 

Invoicing is an essential part of running a business. Creating an invoice in QuickBooks, issuing it to customers promptly, and paying invoices from suppliers on time ensures that the cash flows into the business regularly and helps maintain good relationships with the supply chain. One such invoice is a Proforma invoice. It is a type of document that can be accessed as proof of purchase and sales. In this segment, we are going to discuss what is a proforma invoice, along with the complete set of steps that you can carry out to create a proforma invoice in QuickBooks. Thus, stick around this segment carefully, or you can also consult our technical support team at +1-844-499-6700, and we will provide you with immediate support services. 

Also Read: Create an invoice in QuickBooks Online

What is a Proforma Invoice in QuickBooks?

proforma invoice quickbooks

A proforma invoice is basically a preliminary bill of sale sent to buyers in advance of the delivery of goods. It will usually contain details like a description of the items being sold, their price, and the total amount payable along with any taxes and fees incurred. This gives the customer as precise an estimate as possible of the expected cost of an order. Talking about the difference between a proforma invoice and a standard commercial invoice is that, it is preliminary or provisional. This means that the details are subject to change. It further doesn’t need any invoice number and should be clearly labeled with the term proforma. 

What is the purpose of a proforma invoice? 

Talking about the usefulness of a proforma invoice is basically a useful addition to a business’s sales process. It gives an estimate of the cost of a sale and further reduces the likelihood that they are exposed to any unanticipated charges, reducing the risk of payment disputes when commercial invoices are issued. A few use cases of Proforma Invoice: 

  • When declaring the value of goods to customs when exporting to foreign countries. 
  • Another use case can be when you don’t have all the details to issue a commercial invoice 
  • Or when you need something to act as a formal payment request when a recipient wishes to pay in advance. 

What is the difference between an invoice and a proforma invoice? 

There are several key differences between a standard commercial invoice and a proforma invoice. Let us have a look: 

Proforma Invoice and Commercial Invoice
Key Difference Commercial Invoice Proforma Invoice 
Time of issue Issued to customers after goods or services have been received. Issued to customers before an order has been placed
Objective In order to inform the buyer of the amount due and how to make payment.To help customers decide whether or not to place an order.
Details included An invoice number, contact information, issue date, amount payable, means of payment, billing address, and terms & conditions.Contact details, date of issue, a description of the goods and services, and the amount due. It needs an invoice number and should be clearly labeled as proforma. 
Accounting A commercial invoice should be recorded as accounts payable and filed for reference. Proforma invoices are not used for accounting purposes. 

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What is the difference between a proforma invoice and a quote? 

Proforma invoice has more in common with a quote than a commercial invoice. Quotes and proforma invoices are both used at the same time in the sales process and further provide the customer with information about the transaction. The two main differences include: 

  • A quote basically provides information about what a customer can expect from a transaction before it has been agreed upon. 
  • Whereas, a proforma invoice provides full and final details after the customer has committed to a transaction. 

When should you send a proforma invoice? 

A proforma invoice is basically sent before a sale is completed. There are two main reasons behind this: 

  • Cost estimate – Proforma invoices basically provide customers with a breakdown of the items they have requested and provide an accurate indication of the total amount due. It is not a payment request and can still be adjusted if the goods and services you provide are being negotiated. 
  • International shipping – These invoices are commonly used by export companies and further include details about shipping, packaging, weight, and delivery fees. Moreover, they provide a clear declaration of the value of items so that they can quickly pass through customs. 

Is a proforma invoice legally binding? 

Even though a proforma invoice is a crucial business document, it is not legally binding. It provides a price estimate for a business’s product or service. However, it is not a legal record of sale and thus, it cannot be used as evidence for a completed transaction. 

What should a proforma invoice look like? 

A proforma invoice usually includes the following details:

  • Date of issue 
  • Contact details 
  • A description of the goods and services you provide 
  • The price of goods and services you provide 
  • Sales tax and any other taxes or fees that apply 
  • Applicable shipping costs 
  • Total Amount due 

Also Read: How to Turn off Sales Tax in QuickBooks Online 

Different types of Proforma invoice 

QuickBooks offers you with a bunch of proforma invoices, which include the following: 

  • For shipping – This type of invoice is a type of business invoice. However, such invoices do not have any details about VATs and taxes. Note that, both sides can access it to analyze the real cost of the products and services. 
  • For customers – Such an invoice works as a written authentication to the customer end from the seller end which guarantees the delivery of the product. It further comprises the complete description of the payment that assists both sides in monitoring the payment. 

What are the essential points to consider before preparing a proforma invoice? 

There are three crucial points that you need to consider when preparing a proforma invoice: 

  1. Proforma invoices are basically saved as accounts receivable. It simply means you can prepare it to monitor the payments that you are going to acquire. 
  2. A Proforma invoice is used as a substitute for a particular invoice. It should be noted as assumed as the original invoice and also the customer should not make any payment depending on it. 
  3. Another important point to note is that this type of invoice and QuickBooks payroll are not the same. Thus, as a seller, you do not need to make any payment to the client. 

How to create a proforma invoice in QuickBooks? 

In order to create a proforma invoice in QuickBooks, you need to perform the following steps: 

  1. Click on the gear icon on the right side of the screen. 
  2. After that, a window will open where you will be required to search for a custom-form style and then select a new option. 
  3. Now, press on the new style drop-down menu and then you will have to choose the estimate tab. 
  4. Once done with that, press the content tab. 
  5. You now have to click on the edit tab and also select the make default option. 
  6. Then, you will see an option to edit the name of the estimate. In case you wish to, you can alter or keep it as it is. 
  7. Save the change and exit the screen. 

Steps to add a logo to a proforma invoice 

You need to perform a few steps to add a logo to a proforma invoice. 

For Application

  1. You need to initially click on the settings tab and also select the work info option 
  2. After that, click on the edit option and also select the image and upload it in the logo option. 
  3. The last step is to click on save the settings. 

For Website 

  1. You need to head to the invoice section and also press the option to change the invoice. 
  2. Once done with that, press the option to edit information. 
  3. And lastly, upload the image and save it. 

Also Read: How to Delete Duplicate Transactions in QuickBooks? 

How to repair payment if they are assisted with the incorrect invoice? 

You can try to change the payment that has been applied by you on a particular invoice. The steps involved in here are: 

  1. You need to click on create and then head to the other option and choose journal entry. 
  2. After that, enter the details like the amount acquired, customer details, and the amount to be paid. 
  3. The last step is to enter the same details again, avoid adding the customer name and then save it. 

Steps to duplicate a proforma invoice in QuickBooks 

For a bunch of reasons, you might have to duplicate a specific proforma invoice in QuickBooks. You can select the clients you wish to send the proforma invoice to. The window for multiple invoices will open and you will be able to review and make changes to clients’ Proforma invoices. You will then have to save changes. 

  1. Firstly, choose customers to whom you wish to send the Proforma invoice. 
  2. After that, click on the next tab. 
  3. Now, on the screen for multiple invoices, you will be able to witness the invoice for all the customers. 
  4. It is possible to add and edit the invoices. 
  5. Ensure that the invoices have been saved. 

It should be noted that a proforma invoice that you choose to replicate will have duplicate lines. In case you have not set any choices regarding taxes or terms that are special to a customer, then it is not mandatory to create several proforma invoices. 

Also Read: QuickBooks Runtime Redistributable in QuickBooks Desktop 

Conclusion! 

Toward the end of this segment, we believe that the information enumerated above is enough to let you understand what a proforma invoice is all about. However, in case you have any queries that remain unanswered, then do not hesitate to connect with our technical support team at +1-844-499-6700, and let our certified QuickBooks ProAdvisors help you with the queries immediately. 

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QuickBooks Enterprise 2022

QuickBooks Enterprise 2022

QuickBooks desktop enterprise is by far one of the most powerful and flexible QuickBooks software ever. It is designed in a way to help businesses growing in size or complexity to run their business from end to end. QuickBooks Enterprise 2022 further has specialized industry editions that offer customized capabilities, reports, and features designed for every industry. With this software, you get access to a full suite of services including payroll, payments, time tracking, point of sale, and a robust app ecosystem. If you want better functionalities, simply upgrade to QuickBooks Enterprise 2022. 

QuickBooks enterprise 2022

To give you a better understanding of QuickBooks Enterprise 2022, here is an in-depth guide sharing the complete info. Thus, stick around this piece of writing carefully, or you can also consult our technical team at +1-844-499-6700, and we will provide you with immediate support and assistance. 

Also Read: How to Setup and Installation of QuickBooks Desktop Enterprise?

New Features in QuickBooks Enterprise 22.0

QuickBooks Enterprise 2022 has rolled out with a bunch of new features and functionalities. Let us find out: 

QuickBooks enterprise features
  1. Bill Workflow Approvals – You can now delegate with confidence, manage cash flow, and also boost transparency with customizable bill workflow approvals. This feature further allows you to maintain cash flow with a dashboard that tracks bills that need approval. The employees further get timely reminders, so that they do not miss an approval deadline, and also some unique templates making set up extremely easy. 
  2. Cloud Access – The cloud access feature boosts productivity, enhances collaboration, and lets the team work from anywhere with access to the cloud. You get up-to-date information for your team and further lets you track inventory, process payments, and update your books from different locations. Note that, cloud access requires no installation, training, new equipment, or IT capital investment, and the data backup is taken on a daily basis on its own. 
  3. Sales Order Fulfilment Worksheet – You can now get paid faster and reduce the billing complexity with this particular feature by simply managing the sales order process from a single location. This feature lets you create invoice in QuickBooks with a prompt when you mark an item as shipped. 
  4. Enhanced Computing Power – Another interesting feature is the enhanced computing power that gives you the advantages of 64-bit processors that further enhance the performance and stability of the software which would help you run your business more efficiently and smoothly. QuickBooks meets modern operating system standards that help you work faster and maintain seamless third-party integrations. 
  5. E-Commerce Integration – You can manage your online sales and inventory in one place by simply integrating your e-commerce channels with QuickBooks. One can also integrate QuickBooks with industry-leading e-commerce platforms, marketplaces, and shipping solutions to help simplify e-commerce management, avoid stockouts, and gain a clearer picture of profitability. You can enjoy seamless integration with top online stores such as Shopify, WooCommerce, Big Commerce, Magento, and industry-leading online marketplaces. 
  6. Upload Bills – Now save your time by having QuickBooks automate bill entries from the QuickBooks desktop mobile app or an email address. Your vendors can send email invoices directly to QuickBooks which automatically drafts bill transactions for your review. 
  7. Attach documents to transactions – You can now attach documents to transactions faster by directly uploading them using the QuickBooks desktop mobile app. No need to use archaic scanning and emailing processes anymore. You can save time by directly attaching multiple documents to transactions at once. 
Attach documents to transactions
  1. Customize bill payment stubs – With this feature, you can maintain professional and consistent communications by emailing customizable bill payment stubs from within QuickBooks. Now, easily email bill payment stubs to one or multiple vendors at once. 
  2. Choose from multiple email contacts – You can simply send emails by selecting the right recipients from a list of your customer or vendor contacts. This feature lets you reduce errors and miscommunication resulting from the manual entry of email addresses.

You might find this useful: Fix QuickBooks subscription has lapsed Error 

Pricing of QuickBooks Enterprise 2022

Subscribing to QuickBooks Enterprise 2022 would cost you the following: 

Product information

QuickBooks Enterprise Silver – $1020/for 1st Year 

QuickBooks Enterprise Silver is the only version that is available without payroll. It is the lowest subscription that one can buy easily, in case not using payroll. If you need payroll, then you can switch to any of the subscriptions according to the business requirements. 

QuickBooks Desktop Enterprise 2022 
Users Local Access (Annual Subscription)Cloud Access (Monthly Subscription)
Core Classic Deluxe
Gold PlatinumDiamondGold PlatinumDiamond Gold PlatinumDiamondGoldPlatinumDiamond
1132416283216178.16206.06355.1188.2217365.5198.16226.06375.1
219362240.83859.23859.2288.82469309.8337.7489.8328.82357.62509
323442648.84281.64281.6380.58562.2411.6440.4593.4440.58469.38622.2
42751.230564713.64713.6472.34656.3514.3542.2697.9552.34581.14736.3
51776.61948.052894.42894.4645.4589.6517.3536.6641.6565.4584.6689.6
61948.052120.43067.23067.2537.84662.4600.6619.8724.8657.84677.04782.4
72120.2292.33250.83250.8610.88736.4683.8703809.2750.88770.08876.4
82292.32464.234293429683.32809.8767785.6893843.32862.52969.8
92464.22636.13612.63612.6775.56883.8849.6868.8977.4936.36955.561063.8
102636.128083790.83790.8848957.2932.89521061.21028.810481157.2
More than 10 to 40 users Connect with the QuickBooks help desk team

Important points to remember

Note that, your account on file will be invoiced on its own for the first year at the indicated discount for the service you opt for when signing up. The plan includes the following: 

  1. All users can save around 40% off the current retail price 
  2. In case you get a license for 1-4 people for the first year, then you get around a 10% discount off the current list price. 
  3. Also, if you license 5-40 users, then you get a 40% discount on the current list price. 

After a year of subscription – Your credit card on file will be charged on a monthly or annual basis at the then-current subscription rate for the plan and service you opt for until you cancel. 

It should be noted that this deal is only available to new QuickBooks desktop enterprise customers and cannot be combined with other QuickBooks Enterprise promotions. Discounts are applied to the above-mentioned price. Promotional deals for QuickBooks Enterprise Platinum or any other Intuit software might not be coupled with Diamond package savings. 

You might find this helpful: How to Troubleshoot Most Common QuickBooks Enterprise Errors?

Why Opt for QuickBooks Desktop Enterprise? 

QuickBooks Enterprise lets you grow the business which helps in easily accessing the company data, further protecting the complete security. 

  1. The enterprise helps you enhance and personalize your enterprise to more than 200 apps that would help your business explore further opportunities and boost growth. 
  2. Furthermore, it enhances security as it is assigned to certain employees and vendors that would manage the data. 
  3. QuickBooks enterprise further increases the software capacity by 6%. 
  4. It enables you to access more than a million customers, vendors, and QuickBooks enterprise advanced inventory items with 100000 classes and custom fields. 
  5. It further scales up the online customers to 40%. 
  6. Enterprise software provides the flexibility to the team to work from anywhere, if they have cloud access. 

QuickBooks Desktop Enterprise 2022 System Requirements 

For QuickBooks Enterprise 22.0, you might require the following system configuration. There are two types of access: Local or cloud access. You have to select any one of them. The system requirements are mentioned accordingly. 

For Local Access 

  • Operating Systems – Windows 8.1, Windows 10, or update versions 
  • Windows servers
    • Windows Server 2012 R2 standard and essentials 
    • Windows Server 2016 standard and essentials 
    • Windows Server 2019 standard and essentials 
  • Processor- Minimum 2.4 GHz needed 
  • RAM – 8 GB for 64-bit and 16 GB is suggested 
  • Disk Space – 2.5 GB required as disk space and additional for data files 
  • Optical Drive – 4X DVD-ROM drive, in case you are doing CD installations 
  • Internet access is crucial for Enterprise, Payroll, and Online Features 
  • Browser – Internet Explorer 11 (32-bit) with internet access 
  • Registration of product is needed 
  • QuickBooks Desktop Enterprise 22.0 needs an active subscription to be used on mobile applications. The device being used must be camera-enabled using Android 5.0, iOS 12, or later 
  • Screen Resolution – 1280*1024 screen resolution needed or higher with around 2 extended monitors. Default DPI settings are optimized for a given computer 
  • Software Integrations
    • You can simply transfer data from MS Excel 2013 to 2019, QuickBooks Mac 2016 to 2022 Office 365 (32-bit and 64-bit), or Quicken 2016 to 2021 
    • Invoices, email estimates, and other forms with Microsoft Outlook 2013 to 2019, Gmail, Outlook.com, office 365, and many other SMTP-support email clients. 
    • Microsoft Excel and Word Integration require MS Office 2013 to 2019 or Office 365. 
  • Data Management – AES – 1288 for data encryption for all PII and PCI data. 
  • Operational Security
    • The remainder isn’t applicable as the program is installed in the customer environment without sorting any data on the systems of Intuit. 
    • PCI PA-DSS certified, assessed annually according to the payment of application. 

For Cloud Access 

In case you wish to have a subscription to QuickBooks Desktop Enterprise of Cloud access, then you simply have to connect using the Microsoft Remote Desktop Connection client. Note that, for this, the system requirements are a bit different. The requirements include: 

  • For Windows
    • The remote desktop software must be in Windows 8, and Windows 8.1, or Windows 10 
    • An internet connection is essential (around 56K or higher than this)
  • For Mac OS X
    • Mac OS X version 10.3 or higher 
    • Display 1280* 1024 or more 
    • Broadband or high-speed internet connection needed 
    • MS Remote Desktop 10 

Here is: How to Setup System Requirements for QuickBooks Desktop Enterprise 2019?

QuickBooks Desktop Payroll 

  1. QuickBooks Desktop Enhanced Payroll – This payroll subscription is available in the Enterprise Gold and Enterprise Platinum subscriptions. The charges are applied when you add the payroll to the Enterprise Silver Subscription.
    • Direct deposit is free – Note that, for the employees of W-2 with the payroll in QuickBooks enterprise 22.0 subscription, this particular service is free, in case it is used by 1099 contractors. 
    • Services of money movement – Here you get the services of money movement like direct deposit that are provided by Intuit Payments Inc. 
    • Easy tax filing and payment – You simply have to set the filing method to process the filing. 
    • Live Assistance – You can connect with the team anytime whenever needed to get the queries or issues fixed. 
  2. QuickBooks Desktop Assisted Payroll
    • Direct Deposit of Next day – Here payroll is processed before 5:00 PM PT. It can also arrive the same business day. Moreover, it needs bank verification and direct deposit setup. The next day, direct deposit is directly on the eligibility criteria. 
    • Services of money movement – The money management services are directly provided by Intuit Payments Inc. 
    • On-time and accurate tax penalty guarantee – The payroll federal and state tax is taken care by Intuit to have payments directly from the accounts. The payments are done on the basis of the data you supply. 
    • Premium customer assistance – 24*7 customer assistance is available. The assisting hours exclude the occasional time because of U.S. holidays, server maintenance, company events, and much more. 
    • U.S.-based setup assistance – The assistance is available Monday to Friday 6 AM to 6 PM PST. The hours exclude the holidays and other events time. 

QuickBooks Time Elite 

QuickBooks enterprise 2022 - Time elite
  • Time Elite Tracking – QuickBooks consists of a time tracking tool that lets the staff keep a note of how much time they spend on each of the activities performed by them. You can further opt for the client that you want to receive the charge of the billable task. The time monitoring feature is included with the Enterprise Diamond basic subscription. Monthly costs are charged per employee and each employee is charged $5 every month. Note that, an internet connection is needed. QuickBooks Time is used by thousands of companies to track and manage employee time for payroll, invoicing, and scheduling. 
  • Sync Desktop Enterprise – The QuickBooks sync app makes it simple to generate and manage a duplicate of QuickBooks data. It further makes it available through standard database tools, software drivers, and analytics. 
  • GPS Tracking – The users of the QuickBooks time mobile app might share their location data when on the clock. The precision of GPS coordinates necessitates the use of a cell phone. To order a clock-in and monitor time using the QuickBooks time mobile app, account managers might need users to set their location settings to Always. 
  • QuickBooks Time Tracker – Basically this is a cloud-based time tracking and employee scheduling program that usually lets the workers clock in and out of work using the devices they already have in their pockets. QuickBooks Time Elite mobile access is available at no extra charge with Enterprise Diamond. Data access is subject to the availability of cellular/Internet provider networks, as well as periodic downtime due to system and server maintenance and circumstances beyond control. 

Salesforce CRM Connector 

Talking about Salesforce CRM connector, it is basically a kind of service provided that is available as an add-on DBSync. This is actually a subscription-based integration extension that is separately sold by DBSync. The salesforce CRM connector works with a few versions like Enterprise, professional, and unlimited versions. In case you wish to use Salesforce then you have to buy it separately and then integrate it with QuickBooks.

What about the salesforce CRM connector subscription? 

Well, the new CRM connection is basically an option subscription service that syncs data from QuickBooks Enterprise Diamond to Salesforce CRM to help eliminate redundant data entry, get insights into the business, and get paid faster. One business file is supported per salesforce CRM connection subscription, which is restricted to one subscription purchased. The account file will be charged from the time you join until you cancel on a monthly basis. The salesforce CRM connector subscription will also be canceled, in case you terminate the QuickBooks enterprise diamond subscription as well. 

Setup of Salesforce CRM Connector 

The setup is essential to connect Salesforce CRM with QuickBooks. The setup is further provided by the DBSync so that you can implement it with much ease. The packages are available with different steps and the price varies according to the package setup that you bought. 

Learn: How to Install and Configure the QuickBooks Enterprise ODBC Driver?

Conclusion! 

QuickBooks Enterprise 2022 is a robust software that provides you with a bunch of functionalities. Hopefully, reading this segment might help you in some way to make the best use of QuickBooks Enterprise 22.0 and its functionalities. However, if you have any queries regarding the software at any point in time, then feel free to ring us up at +1-844-499-6700, and get answers to all your queries immediately. 

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