Job Deposits To Subcontractors And Vendors In QuickBooks Online
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5 ماه پیش
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Do you prepay expenses that
Do you prepay expenses that you pay to vendors for down payment on items? Do you give advanced payments for future services to your subcontractors? The correct accounting procedure for recording these upfront payments is right here in this QuickBooks online tutorial. Just watch and follow step-by-step until you see how this method is really the correct way for recording job deposits paid in advance to your vendors.
Your vendor records will be correct continuously and your vendor reports will be always updated and correct from moment to moment. This Q.B.O. video lesson will also explain the accounting theory of why this method works and discusses alternative accounting methods and explains the required normal accounting adjustments when reporting financial statements between the date of vendor downpayment and presenting financial statements.
This QuickBooks online training tutorial will show you ever step and make it clear, exactly what to do so the process of paying any service vendor or subcontractor before receiving service is clear and you will always be able to guarantee you are using the correct accounting method to keep your QuickBooks Online records accurate and keep the good relationship with your vendors.
Table Of Contents…………………………..
Chapter 1 0:00:00 Introduction To Vendor And Subcontractor Job Deposits
Chapter 2 0:00:24 Why Do We Need This Video?
Chapter 3 0:00:40 The Effect Of This Type Of Payment In The Chart Of Accounts
Chapter 4 0:02:57 Check To Accounts Payable Method
Chapter 5 0:04:51 First Example Of Paying In Advance
Chapter 6 0:07:55 Example Of Entering Bill When Service Is Received
Chapter 7 0:09:39 Applying The Prepayment To The Bill Received
Chapter 7 0:11:46 Explaining The Best Method For Recording This
Chapter 8 0:16:47 Thank you For Watching, Please Visit Us Again
This video is part of the complete learning series form Mark Smolen, that teaches everyone everywhere, everything about QuickBooks Online. Here are the prior videos you need to watch, in proper order, to make sure you have all the “pre-knowledge” to learn from this video
Here is the link to the complete tutorial, beginner to advanced in QuickBooks online. It’s the most popular QBO tutorial in the world; you will love it. If you follow this, you will have all the numbers I have this video here…………………..
QuickBooks Online Complete Tutorial
The next one is right here, it's about the search tool; it's great!!
Downpayments From Customers Job Depos...
Then pay your customer in advance
https://studio.youtube.com/video/_J63...
after that, learn all about discounts
https://studio.youtube.com/video/dyNF...
Then you will enjoy the bounced check methods
https://studio.youtube.com/video/wetw... You need to know about customer statements
https://studio.youtube.com/video/pqMf...
you need to know how to reconcile with your customers.
Reconciling With Customers In QuickBo...
And lastly, here’s the most challenging customer mistake, it’s the same challenge as the vendor mistakes here in this video, but on the customer side; misapplied customer payments
Misapplied Customer Payment In QuickB...
You can lean QuickBooks free at the main YouTube channel:
woldwidequickbooks
👉Subscribe for more videos:
http://bit.ly/thequickbooksdude
Other Related Videos 👇
QuickBooks Online Bank Reconciliation Playlist. Watch it in Proper Order (only a few minuets each) and you will be able to prove everything is correct and perfect. It’s easy and fun!!
QuickBooks What Is Bank Reconciliatio...
Do everything in QuickBooks Online Faster with Bank feeds and importing transactions
Setting Up Bank Feeds For QuickBooks ...
👉Subscribe for more videos: http://bit.ly/thequickbooksdude
➡Follow us on social media:
Facebook: certifiedquickbookstraining
Facebook: QuickbooksForLandlords
Mark Smolen is a certified instructor and the creator of the QuickBooks Instructional YouTube Channel and Website.
➡Get In Touch Today
Have a question or need help with your QuickBooks Instructional Course?
Contact Mark directly. https://marksmolen.com
https://quickbooksforlandlords.net
#QuickBooksOnline #subcontractorpayments #jobdeposits
Your vendor records will be correct continuously and your vendor reports will be always updated and correct from moment to moment. This Q.B.O. video lesson will also explain the accounting theory of why this method works and discusses alternative accounting methods and explains the required normal accounting adjustments when reporting financial statements between the date of vendor downpayment and presenting financial statements.
This QuickBooks online training tutorial will show you ever step and make it clear, exactly what to do so the process of paying any service vendor or subcontractor before receiving service is clear and you will always be able to guarantee you are using the correct accounting method to keep your QuickBooks Online records accurate and keep the good relationship with your vendors.
Table Of Contents…………………………..
Chapter 1 0:00:00 Introduction To Vendor And Subcontractor Job Deposits
Chapter 2 0:00:24 Why Do We Need This Video?
Chapter 3 0:00:40 The Effect Of This Type Of Payment In The Chart Of Accounts
Chapter 4 0:02:57 Check To Accounts Payable Method
Chapter 5 0:04:51 First Example Of Paying In Advance
Chapter 6 0:07:55 Example Of Entering Bill When Service Is Received
Chapter 7 0:09:39 Applying The Prepayment To The Bill Received
Chapter 7 0:11:46 Explaining The Best Method For Recording This
Chapter 8 0:16:47 Thank you For Watching, Please Visit Us Again
This video is part of the complete learning series form Mark Smolen, that teaches everyone everywhere, everything about QuickBooks Online. Here are the prior videos you need to watch, in proper order, to make sure you have all the “pre-knowledge” to learn from this video
Here is the link to the complete tutorial, beginner to advanced in QuickBooks online. It’s the most popular QBO tutorial in the world; you will love it. If you follow this, you will have all the numbers I have this video here…………………..
QuickBooks Online Complete Tutorial
The next one is right here, it's about the search tool; it's great!!
Downpayments From Customers Job Depos...
Then pay your customer in advance
https://studio.youtube.com/video/_J63...
after that, learn all about discounts
https://studio.youtube.com/video/dyNF...
Then you will enjoy the bounced check methods
https://studio.youtube.com/video/wetw... You need to know about customer statements
https://studio.youtube.com/video/pqMf...
you need to know how to reconcile with your customers.
Reconciling With Customers In QuickBo...
And lastly, here’s the most challenging customer mistake, it’s the same challenge as the vendor mistakes here in this video, but on the customer side; misapplied customer payments
Misapplied Customer Payment In QuickB...
You can lean QuickBooks free at the main YouTube channel:
woldwidequickbooks
👉Subscribe for more videos:
http://bit.ly/thequickbooksdude
Other Related Videos 👇
QuickBooks Online Bank Reconciliation Playlist. Watch it in Proper Order (only a few minuets each) and you will be able to prove everything is correct and perfect. It’s easy and fun!!
QuickBooks What Is Bank Reconciliatio...
Do everything in QuickBooks Online Faster with Bank feeds and importing transactions
Setting Up Bank Feeds For QuickBooks ...
👉Subscribe for more videos: http://bit.ly/thequickbooksdude
➡Follow us on social media:
Facebook: certifiedquickbookstraining
Facebook: QuickbooksForLandlords
Mark Smolen is a certified instructor and the creator of the QuickBooks Instructional YouTube Channel and Website.
➡Get In Touch Today
Have a question or need help with your QuickBooks Instructional Course?
Contact Mark directly. https://marksmolen.com
https://quickbooksforlandlords.net
#QuickBooksOnline #subcontractorpayments #jobdeposits
5 ماه پیش
در تاریخ 1402/12/21 منتشر شده
است.
549
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