Fix expense in the Customer Feedback

How to fix expense in Customer Feedback easily

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When you see the document in your document list, open it for editing.
Use the upper toolbar to make all needed changes in it.
Once done, save the file. You can download it back on your gadget, save it in files, or email it to a recipient straight from the DocHub interface.

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How to Fix expense in the Customer Feedback

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welcome to the QuickBooks University my name is Matt Holt Quist and what I wanted to show you in this video is a situation that happens in the products and services set up in QuickBooks Online this was actually a question from one of the members of the QuickBooks University so this was a great question so this was her question was hey Ive got cost of goods sold on my profit and loss and its showing up as negative okay so why is that okay and then how do I fix it all right so heres why basically this is showing up as negative if I click on this detail okay youre gonna see that there was a bill where an expense where they had to pay shipping and it was $75 and then there was also an invoice they sent to a customer where they charged for shipping and it was 150 okay so it Nets out to negative 75 dollars okay so when it shows up on your profit and loss it looks a little bit funny because you have a negative cost of goods sold okay so this all happens in the products and services list

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Why is it important to determine your fixed expenses first?

Predictability can be great, especially when it comes to your budget. Fixed expenses dont change from month to month, which makes it easier to know whether you have money to cover them. Variable expenses, on the other hand, can fluctuate.

How do you explain fixed expenses?

A fixed expense is a cost thats typically constant. Fixed expenses are paid at regular intervalsoften monthly. Some fixed expenses are what are known as periodic fixed expenses. These expenses are fixed and regular, but dont occur monthlythey may occur quarterly or annually instead, for example.

What is a fixed expense for kids?

Fixed expenses are all reoccurring expenses from rent or mortgage bills to car payments as well as tuition or childcare expenses for your children. Other bills that fall under this category include health insurance, life insurance, and essential utilities.

What are 5 examples of fixed expenses?

Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments. Some kinds of taxes, like business licenses, are also fixed costs.

What is a fixed expense kid definition?

Fixed expenses are all reoccurring expenses from rent or mortgage bills to car payments as well as tuition or childcare expenses for your children. Other bills that fall under this category include health insurance, life insurance, and essential utilities.

What kind of cost is customer service?

There is no definitive answer to this question, as it will depend on the specific business and how they choose to categorize their expenses. However, customer service is typically considered to be a part of the marketing or sales expense category.

Which is not a fixed cost?

Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.

Why is it important to monitor fixed costs?

Knowing your fixed costs is essential because you typically dont know for sure how much revenue you will earn each month. But if you know your fixed costs, you know how much you need to make each month to keep the lights on.

Why is it important to know fixed and variable costs?

Both fixed costs and variable costs contribute to providing a clear picture of the overall cost structure of the business. Understanding the difference between fixed costs and variable costs is important for making rational decisions about the business expenses which have a direct impact on profitability.

What are 7 fixed expenses?

Examples of fixed expenses Rent or mortgage payments. Car payments. Other loan payments. Insurance premiums. Property taxes. Phone and utility bills. Child care costs. Tuition fees.

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