
Master advanced transaction handling in QuickBooks: refunds and credits for customers and vendors, deposits and withdrawals, inventory, estimates, cash feeds, recurring payments, sales tax, PayPal, and basic customer reports.
Create a credit memo for the customer, enter product/service and reason, and save to apply a $175 credit to the next bill, resulting in a negative balance.
Create a vendor credit for a vendor and apply it to a deposit in QuickBooks. Deposit the credit to your bank as cash, categorizing it under other miscellaneous expense.
Manage 1099 contractors in QuickBooks by inviting them to create a profile, collect their W-9 information, track earnings with bills, and prepare 1099s for tax time.
learn to purchase inventory in QuickBooks, create expenses or purchase orders, set up a general inventory account, and pay vendors from petty cash, reflecting inventory on the balance sheet.
Set up a bank feed in QuickBooks by adding a new bank to the chart of accounts, upload the downloaded file, and accept transactions in batch monthly.
Edit feed transactions by adjusting amounts and accounts, and set rules for recurring items; undo incorrect entries and reconcile with the bank feed.
Learn to set up recurring transactions in QuickBooks by creating a monthly recurring bill with a five-day reminder and saving a three-month template.
Track sales taxes in QuickBooks by setting up sales tax with your address and answering tax authority questions; decide if you collect outside Pennsylvania.
Create invoices, enable tax on items, ensure sales tax is calculated, then save, send, and adjust the total to match the due amount.
Access the reports tab to view balance sheets, profit and loss statements, and accounts receivable aging, then customize dates and accounting methods to drill into sales and transactions.
Edit and customize QuickBooks management reports to tailor company overview, balance sheet, and income statement, then export or share polished reports with logos, titles, and customized covers.
QuickBooks Advanced: Fast Track Training:
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QuickBooks has an 85% market share among small and medium business owners.
In 2000, the Pro version of the software was released which made it possible for big and well established businesses to use the software.
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QuickBooks Advanced: Fast Track Training:
Section 1: Overview
1 - Overview
Section 2: Customer Relations
2 - Customer Refunds
3 - Issuing Customer Credits
4 - Vendor Refunds to You
5 - Vendor Credits Issued to You
Section 3: Deposits & Withdrawals
6 - Deposits & Withdrawals
7 - Working with 1099 Contractors
Section 4: Purchase of Inventory
8 - Purchase of Inventory
9 - Purchasing Inventory
Section 5: Inventories & Estimates
10 - Accounting for Inventory Sold
11 - Sending Estimates
Section 6: Cash Account Fees
12 - Cash Account Fees
13 - Cash Account Feeds
14 - Editing Feed Transactions
Section 7: Recurring Transactions
15 - Recurring Transactions
16 - Tracking Sales Taxes
Section 8: Collecting Sales Taxes & PayPal
17 - Collecting Sales Taxes on Invoices
18 - PayPal Transactions
Section 9: Basic Reports
19 - Basic Reports 1
20 - Basic Reports 2
Section 10: Conclusion
21 - Conclusion