Sch C - missing transactions
Answers
-
HI @mfaulken
You need to look at one or more of the transactions that are not appearing on the tax report - and specifically at the category that those transactions have been posted to. Then double check the categories themselves by looking at the Category List to make sure they have a "Tax line Item" assigned.
Let me know how that goes or if you have any followups.
FrankxQuicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -0 -
Thank you Frankx - The issue is that posted invoice payments to my savings account are not in the Schedule C. However, all of the posted invoice payments to my checking account are in the report. The only difference in the posting transaction is the account to which the payment is posted.0
-
Okay - can you tell me the name of the "report" that you are looking at? Also, is there anything special about that savings account, and can you see activity posted to that account showing up in other reports?
FrankxQuicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -0 -
The Schedule C report is not picking up any of the invoices posted to the savings account. I've checked the details for both the checking and savings accounts that are used and there is no difference. All of the invoices posted to checking show up in the Gross Receipts or Sales section, but none of the invoices which are posted to the savings account are there.0
-
Hi again @mfaulken
Please go to the savings account register and for one of the "posted invoice payments" that are not showing up in the Schedule C tax report, please let me know what the "Category'" is.
Thanks,
FrankxQuicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -0 -
Hi Frankx - it is categorized as a transfer from the Customer Invoice account, which is exactly how the invoices are posted to the checking account. I receive invoice payments using 'Receive customer payments' in the Business tab and in the form I choose which account to post it to. Some go to the checking, some go to the savings account. The invoices payments are all from the same customer.0
-
Do you deposit payments individually or make one deposit with multiple payments? If it's the latter, I would suggest using an intermediate cash account (such as Undeposited Business Checks) for the payments and then a transfer to the actual account when the deposit is made.Quicken Subscription HBRP - Windows 100
-
It's one deposit per invoice, with the total posted into either account. I realize I can always show the deposit into the checking account and then transfer it to the savings, but to make the schedule C correct for last year, I would have to do that for each payment posted to savings.0
