Posts in the Financial Accounting category:
Multi Monitor, Dual Screen QuickBooks 2018 New Feature
QuickBooks Pro 2018 new feature of multi monitor support, or dual screen allows us to work with two screens with the same QuickBooks file for QUickBooks 2018. To set up the multi monitor, dual screen function within QuickBooks 2018 we select the view dropdown and the second option withing the accouting software will be switch to muli-monitor mode. QuickBooks Pro 2018 also has a keyboard shortcut to get to multi monitor mode Ctl-Alt-M. Once multi monitor mode is selected we will have an option to use two or three sreens. QUickBooks Pro 2018 currenty has a limit of 3 screens in mult monitor mode. Once set up the left screen will be the home screen and we will work from left to right.
QuickBooks Pro 2018 Sales Receipts Cash Sales Transaction
QuickBooks Pro 2018 record receipt of payment will cover the creation of a receipt payment form within the accounting software. We will discuss when to use the receipt payment option as apposed to the invoice within QuickBOoks PRo 2018, an invoice being used when we have done work, earned revenue, but will not receive payment until the future. QUickOBooks Pro 2018 will increase sales and increase AR when an invoice is created. A sales receipt is generated in the accounting software when payment is received at the same time of sale, QUickBOoks Pro 2018 recording an increase to undeposited fund and to sales. The accounting software increases undeposited funds instead of the checking account until a deposit is made.
QuickBooks Pro 2018 Record Receipt of Payment
QuickBooks Pro 2018 record receipt of payment will cover the creation of a receipt payment form within the accounting software. After creating an invoice the next step in the accounting process is to receive payment, this process being outlined in the QUickBOoks 2018 home page, payment often being in the form of a check received in the mail. QUickbooks pro 2018 does not record the check into the checking account when receive payment is entered, however. QUickBooks Pro 2018 will reduce the account receivable account for the amount received from customers and deposit the fund into an account called undeposited funds. We will then use QuickBooks Pro 2018 deposit icon to record the deposit to the checking account at the point in time we deposit the checks to the bank, this process allowing us to group the deposits in the QUickBooks Pro 2018 accounting software in the same way they will be on the bank statemetn.
IFRS Foundation shares case studies to improve communication in reporting
IFRS Foundation publishes case studies on how companies have improved communication within their IFRS financials. https://t.co/2nOI3AZqbX
— Accounting Today (@AccountingToday) October 9, 2017