Customer, Sales, Revenue, or Accounts Receivable AR Cycle 1.30

QuickBooks Online 2021 customer sales revenue or accounts receivable AR cycle. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our Google search page, we’re going to be searching for QuickBooks Online at test drive, then we’re going to be clicking on the QuickBooks Online test drive for Intuit, the owner of QuickBooks, verifying that we are not a robot and continue. Here we are in our Craig’s design and landscaping services practice file, we’re going to hit the New button on the left hand side last time or in the prior section, we took a look at the items under the vendor section now we’re going to be taking a look at the items under the customers section. Remember that every business transaction has two sides to it.

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QuickBooks Online 2021 Test Drive .15

QuickBooks Online 2021 Test Drive File. Let’s get into it with Intuit QuickBooks Online 2021. Now, in a prior presentation, we looked at the 30 day free trial option of QuickBooks Online offered by Intuit, the owner of QuickBooks. This time, we want to look at the other free option that is offered by Intuit, the owner of QuickBooks, that being the test drive file. Easiest way to get there is just to go to your favorite search engine, such as Google type in QuickBooks Online test drive, QuickBooks Online test drive, as I’ve done here, then we’re just going to click on this item, QuickBooks Online test drive from Intuit, Intuit, the owner of QuickBooks, it may give you a little test here to say that you’re not a robot, and I’m gonna say, yeah, I’m not a robot.

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Navigation Overview .20

 

QuickBooks Online 2021 software navigation overview. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our Google search engine browser, we’re going to be typing in QuickBooks Online test drive to get to our QuickBooks Online at test drive that I’m going to enter into that QuickBooks Online test drive here. Here we are in our Craig’s design and landscaping services Test Drive File, we’re going to start off with a broad overview of how to get around the quickbooks online format. We’ll be doing some comparisons as we do so to the desktop version.

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Bank Feeds .25

QuickBooks Online 2021 Bank feeds. Let’s get into it with Intuit QuickBooks Online 2021. Here we are online in our Google search engine. We’re typing in the QuickBooks Online test drive to get to our QuickBooks Online at Test Drive File, we’re going to be clicking on QuickBooks Online at test tribe, verifying that we are not a computer here, and then continue. Here we are in the Craig’s design and landscaping services practice file, we’re going to be touching in on the bank feeds. And the first thing we want to note is that we will be going into bank feeds in more detail, but it will be after the primary practice problem where we will focus specifically on bank feeds.

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Pledge 135

 

This presentation, we’re going to enter a transaction related to a pledge and our accounting system. Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard, let’s jump on over to Excel to see what our objective will be. We are in Excel, we’re in tab number three, we’re now recording a pledge. Now the pledge is going to be similar to the contribution. However, we haven’t got the money yet. So it’s a promise to pay. If you compare this to a for profit type of organization, the contribution would be similar to us doing the goods or services at the same point in time that we get paid. And you can imagine given a sales receipt, like at the register, at that point, and then the pledge is going to be similar to us doing a service or providing goods before we get paid.

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Fund Raising Purposes 121

In this presentation, we’re going to set up and analyze the function of purposes within our accounting software, the purposes are going to be similar or serve a similar function as the items like inventory items and service items in a for profit organization. Get ready, because here we go with aplos. Here we are on our not for profit organization dashboard. Last time, we were over here in the accounting section, and we set up our chart of accounts and we set up our tags. Now we’re going to be going into the donations section we’re going to go into the donations, this is going to be our revenue type of site of section if you’re thinking about this as a comparison to a for profit type of organization, is how we’re going to be generating revenue with those donations.

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Accounts Receivable Journal Entries

Hello in this presentation we will be recording that journal entries for business transactions related to accounts receivable otherwise known as the revenue cycle. We will be recording these using debits and credits. At the end of this we will be able to list transactions involving accounts receivable record transactions involving accounts receivable using debits and credits and explain the effect of transactions on assets liabilities, equity, revenue, expenses and net income. We’re going to be recording these transactions up here on the left hand side constructing those journal entries in accordance with our thought process our list of questions to most efficiently construct the journal entries. We will then be posting them not to the general ledger but to this worksheet here so that we can see the quick calculation of the beginning balance and what is happening to the individual accounts as well. account types, in that we have the accounts categorized, as is the case for all trial balances. accounts have been in order that order been assets in this case in green, the liabilities in orange of the equity, light blue and the income statement accounts of Revenue and Expense Type accounts. first transaction perform work on account for $10,000.

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