Receive Payment & Make Deposit 7.50

 

This presentation and we’re going to record the receive payment and make deposit forms. In other words in prior presentations, we recorded the invoice billing the client. Now we’re going to receive the payment for it, take those payments to the bank and record the related deposit. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file. Before we move forward, let’s take a look at our flowchart. This is in the QuickBooks desktop version. And we just want to see this scenario the story that we had, as we go through it starts off with someone came into the store, they’re looking for a guitar, if they didn’t have we didn’t have the one they want and the right color.  

QuickBooks Online 9.15 Bank Reconciliation Second Month

We will enter a bank reconciliation for the first second of operation in QuicKBooks Online. Bank reconciliation are one of the most important internal controls an accounting system can have. The biggest internal controls is the double entry accounting system itself. The use of accounting software like QuickBooks Online requires us to be in balance by not allowing us to enter a financial transaction that is not in balance. The second most important internal control is the bank reconciliation. Because the bank is process our transactions a second tome the reconciliation process gives us a second check on many financial transactions. For more accounting information see our website. http://accountinginstruction.info/

 

QuickBooks Online 9.10 Bank Reconciliation First Month

We will enter a bank reconciliation for the first month of operation in QuicKBooks Online. Bank reconciliation are one of the most important internal controls an accounting system can have. The biggest internal controls is the double entry accounting system itself. The use of accounting software like QuickBooks Online requires us to be in balance by not allowing us to enter a financial transaction that is not in balance. The second most important internal control is the bank reconciliation. Because the bank is process our transactions a second tome the reconciliation process gives us a second check on many financial transactions. For more accounting information see our website. http://accountinginstruction.info/

 

8.70 Enter Bills & Pay Bills u

We will record transactions related to entering bills and paying bills. We will first take a quick look at QuickBooks and then enter the financial transaction into a comprehensive Excel problems. For more information about QuickBooks see our QuickBooks 2018 course. More information about the online course at the link below. http://accountinginstruction.info/qui…

 

QuickBooks Pro 2018 Restore Backup File

QuickBooks Pro 2018 Restore Backup File will cover the restoration process of a backup file. Understanding how to restore a QuickBooks 2018 backup file is important so that we have security that we can retrieve our data. We will restore a QuickBooks 2018 backup file to a QuickBooks 2018 version of software. It is important to not that we can generally update an older version of a backup file to a never version of the accounting software but we cannot generally open a newer version of a backup file on an older version of QUickBOoks software. In other words we can open a 2017 QuickBooks backup file in QuickBOoks 2018 software but we cannot open a QuickBooks 2018 backup file on QuickBOoks 2017 software.

QuickBooks Pro 2018 Budgeted Balance Sheet

QuickBooks Pro 2018 Budgeted Balance Sheet will cover the creation of a budgeted balance sheet in the accounting software. When thinking about a budget we often think of an income statement format because this is the timing statements, the performance statement. We created a budgeted income statement in a prior presentation. We will new generate a budgeted balance sheet in the accounting software. The balance sheet is reporting where a company stands as of a point in time. We will input a budged into QuickBooks 2018 as of March 2021. The balance sheet is reporting where we will be after the process of the income statement has happened.