QuickBooks Online 2021 pay bill that was created from a purchase order or P OE. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars to practice file, we’re going to open up a new tab to the right and make the trial balance on it.
Posts with the trial balance tag
Customer Prepayment Unearned Revenue Two Methods 8.45
QuickBooks Online 2021 customer prepayment or unearned revenue, we’re going to take a look at two different methods to record the unearned revenue. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars practice problem, we’re going to take a look at the trial balance.
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First, let’s first duplicate a tab up top, we’re going to right click on the tab up top and duplicate it, then we’re going to go down to the reports down below, we’re going to be opening up then a trial balance typing into the find area trial balance and open that up range, change it up top Indian ads, we’re going to say 1230 121. And then we’re going to go ahead and run that report. Let’s close up the hamburger for this tab, hold down Control scroll up just a bit.
Receive Payment & Make Deposit 7.50
QuickBooks Online 2021. Now, receive payment and make related deposits. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars problem, we’re going to be recording the customer payment and related deposits. So in other words, if I hit the drop down here, we have the customer information, we had an invoice in the past, now we’re gonna have the payment on that invoice, we’re going to take those those payments that we have received in the money now in undeposited funds, and then deposit them into the bank.
Invoices Created from Check Created from P.O. 7.45
QuickBooks Online 2021. Now, invoices created from a check, which was created from a purchase order the purchase order for the request of inventory. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars practice file, we’re going to make an invoice but it’s a little bit different than what we’ve seen before. In essence, we’re going to be linking the invoice all the way back to the purchase order. So we’re imagining a situation where we have a customer that customer came in that being Eric music, they requested 50 guitars 50 Epiphone, Les Paul type of guitars, we said we don’t have those on hand, but we will order them for you.
Deposit From Sales Receipt & Receive Payment Forms 7.35
QuickBooks Online 2021 deposits, recording deposits that are going through the sales receipt form and the receive payments form and going through undeposited funds. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars a practice file, we’re going to be recording deposits. Before we do so let’s open up some of our reports being the balance sheet income statement trial balance, going up top to the tab, right clicking on the tab and duplicating the tab, we’re going to do it two more times. Right clicking on the tab again, duplicating the tab one more time right clicking on the tab and duplicate the tab, we’re then going to be opening up the trial balance in the tab to the far right by going to the reports on the left hand side.
Adjust Opening Balance Equity Accounts 6.85
QuickBooks Online 2021 adjust opening balance equity accounts. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars a practice problem, we’re going to continue on entering our beginning balances into our QuickBooks system. In prior presentations, we’ve been taking this trial balance, we’ve been entering all the beginning balances in these accounts, our objective and goal being to enter the beginning balance account by account, and then having the other side be placed by QuickBooks in the equity section in one way or another, either by putting it into the default account of opening balance equity, or into an income statement account as of the prior year to the one that we’re going to start our business in.
724 Economic Ordering Quantity (EOQ) Prob 2 6.80
QuickBooks Online 2021. Now, opening balances and add accounts to chart of accounts. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars practice file, we’re going to be continuing to enter our beginning balances and add any necessary accounts to do. So if we go back on over to our trial balance, we’ve been entering those balances that have kind of like special needs as we enter the beginning balances.
Accounts Payable Beginning Balance & New Vendors 6.75
QuickBooks Online 2021, accounts payable, beginning balances and new vendors. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars practice file, we’re going to be continuing on entering our beginning balances as well as entering vendors so that we can use them for our data input into the future. So two things that we are looking into here, one, we want to enter our beginning balances, we’re imagining these beginning balances coming from our prior accounting system, we want to start at this point, so that we can then do the data input from that point into the future.
Accounts Receivable Beginning Balance & New Customers 6.70
QuickBooks Online 2021 accounts receivable, beginning balance and new customers. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars practice file, we’re going to be focusing in on the beginning balance of accounts receivable and adding new customers. So there’s basically two goals that we have here, one getting that beginning balance in place, and to adding those new customers onto which we can then create invoices and whatnot as we move forward in the company file.
Sales Receipt Payment Received at Point of Sale 7.30
QuickBooks Online 2021 sales receipt payment received at point of sale. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars practice file where we’re going to be entering some sales receipts before we do so let’s open up our financials balance sheet income statement and trial balance. So we’re gonna duplicate some tabs up top right clicking on the tab, duplicate it, going to do it again, right click on the tab duplicate one more time, right click on the tab and duplicate.