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QuickBooks Vendors And Accounts Payable
Rating: 4.7 out of 5(213 ratings)
1,177 students

QuickBooks Vendors And Accounts Payable

Learn Every Possible Vendor And Accounts Payable Situation In QuickBooks. Assure Correct Payable Result
Created byMark Smolen
Last updated 3/2022
English

What you'll learn

  • Record Any Possible Vendor Or Payables Transaction In To QuickBooks
  • Interpret The Most Important Vendor QuickBooks Reports
  • Find And Fix Any Mistake Related To Vendors And Payables In Quickbooks
  • Reconcile Quickbooks With Vendor Statements To Ensure Perfect Accuracy
  • Record Vendor Credits And Refunds In To QuickBooks
  • Record Discounts From Vendors
  • Manage Vendor Terms
  • Record Prepaid Expenses
  • Record Entering And Paying Bills
  • Fix Vendor Misapplied Payments

Course content

2 sections • 17 lectures • 2h 5m total length

  • Welcome to Vendors and Accounts Payable with QuickBooks3:30
  • What is "Accounts payable"8:35
  • Entering Bills from Vendors in to quickbooks9:21
  • Enter bills excercise2:06
  • Paying vendor's bills - exact amount8:04
  • Making Partial Payments to Vendor's Bills4:38
  • Vendor transaction practice set2:28
  • Fixing vendor's misapplied paymnets6:03

  • Credits from Vendors10:59
  • Refunds from vendors3:57
  • Vendor discount terms12:36
  • Preparing for Prepaid with journal entries13:13
  • Recording and Adjusting for Prepaid Expenses8:57
  • Prepaid Expenses- method 1- pay to accounts payable9:44
  • Prepaid Expenses - "pay from prepaid" method - invented by Mark Smolen8:46
  • Extra video- prepaid running balance10:44

    This video will make the "pay from prepaid method complete. It's very very easy!! It just takes a few steps and you may never even need it but if you do, it's here!!

  • Summary Test for Vendors and Payables

Requirements

  • Basic understanding of bills and paying bills
  • Basic computer skills

Description

This course will teach you every possible vendor or accounts payable situation that you could possibly encounter while using QuickBooks.

You will learn how to: enter bills, pay bills, record credits and refunds from vendors, record vendor terms and take the early pay discount and apply discounts and credits to specific bills.

You will be able to use the vendor reports to find and fix any accounts payable mistake.

Most importantly, you will be able to reconcile your accounts payable record with your vendors from the vendor statement that you receive. Your QuickBooks records regarding vendors and accounts payable will be correct to the last detail. This means you can reapply payments to different vendor bills and confirm they are correct with the bill history tool.


There are 'follow along files” for each lecture so you can follow step by step. This makes learning QuickBooks Easy and fun.

The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise solutions.

I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course!

-Mark


Who this course is for:

  • Anyone who is using QuickBooks to manage vendor / accounts payable records and transactions
  • Anyone studying for the certified quickbooks user exam

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