How to Reconcile Credit Cards with Cardholders in QuickBooks Online
6.7 هزار بار بازدید -
3 سال پیش
-
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Index
0:23 Video begins
0:55 Screensharing begins
1:07 When you setup the master account, then you try to add subaccounts, it can't be done
1:28 Create a fictitious parent account
1:55 Run the balance sheet to see the impact of some transactions Seth will demo
2:23 for sample sake, Seth creating expenses
3:06 Adding another expense, insurance
4:30 Adding another expense, camera equipment
5:12 Check balance sheet to see how it looks with the added expenses from time stamps above
5:39 Make a payment towards the expenses, remember to book it against the master not parent
6:52 Reconcile, where you use the parent account not master
7:45 Back to reports to glance at balance sheet, you see child accounts lingering,
8:15 Create an entry that closes the accounts to master account
9:02 Create a journal entry, remember cc are liabilities
10:20 Checking balance sheet again
This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Nerd Enterprises, Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Nerd Enterprises, Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
Sign up here → https://quickbooks.intuit.com/partner...
Get a free account on my website here:
https://nerdyurl.com/bpbk-courses
Get access to all of my free QuickBooks Online Videos here:
https://nerdyurl.com/bpbk-courses
Index
0:23 Video begins
0:55 Screensharing begins
1:07 When you setup the master account, then you try to add subaccounts, it can't be done
1:28 Create a fictitious parent account
1:55 Run the balance sheet to see the impact of some transactions Seth will demo
2:23 for sample sake, Seth creating expenses
3:06 Adding another expense, insurance
4:30 Adding another expense, camera equipment
5:12 Check balance sheet to see how it looks with the added expenses from time stamps above
5:39 Make a payment towards the expenses, remember to book it against the master not parent
6:52 Reconcile, where you use the parent account not master
7:45 Back to reports to glance at balance sheet, you see child accounts lingering,
8:15 Create an entry that closes the accounts to master account
9:02 Create a journal entry, remember cc are liabilities
10:20 Checking balance sheet again
This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Nerd Enterprises, Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Nerd Enterprises, Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
3 سال پیش
در تاریخ 1400/04/28 منتشر شده
است.
6,781
بـار بازدید شده