QuickBooks Online 2021 accounts receivable aging reports. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our free QuickBooks Online test drive file, which you can find by searching in your favorite browser for QuickBooks Online test drive. We’re in Craig’s design and landscaping services, we’re going to go down to the reports down below.
QuickBooks Online 2021 invoice form, let’s get into it with Intuit QuickBooks Online 2021. Here we are in our Google search page, we’re searching for QuickBooks Online test drive, then we’re going to be selecting QuickBooks Online test drive from Intuit, it’s then going to ask if we’re a robot, I was once but then I made a wish upon a lucky star. Now I’m a kangaroo. So we’re good. We’re gonna check that off continue.
Hello in this presentation we’re going to take a look at the allowance method which is of course related to the accounts receivable account, we will be able to define the allowance method record transactions related to recording bad debt recording the receivable account that has been determined to be uncollectible recording every single account that has been collected after being determined that it was uncollectible. So we’re going to take a look at some different transactions, the most common transactions when dealing with the allowance method and see what those look like and why we use the allowance method. We’re going to work through a problem. So what we’re going to have here is we’ve got our accounting equation, of course we have our trial balance, I do suggest working problems to take a look at a trial balance because it can give you the context in which to work problems. So here’s what we have. We’ve got the assets in green, the liabilities are going to be orange, the light blue is the capital account and the equity section.
Hello, in this lecture we’re going to talk about the accounts receivable subsidiary ledger, the subsidiary ledger being the ledger that will be backing up the account of accounts receivable showing on the trial balance with 27,000. In it, in this case, accounts receivable being that accounts that represents what is owed to us. If we were the owner of the company, we might ask our accounting department, how much money do people owe us? In this case, it would be 27,000 would be the reply. Next follow up question would most likely be who owes us that money? And have we called them when are we going to get paid that money? In order to answer that question, we cannot look at the normal backup balance for all accounts that being the general ledger accounts. If we look at the GL we do get some detail in terms of the activity that has happened. However, that activity is not going to be in terms of who owes us the money. It’s in terms of date.