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This course includes:

  • 2 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
Business Other Business QuickBooks

QuickBooks Vendors And Accounts Payable

Learn Every Possible Vendor And Accounts Payable Situation In QuickBooks. Assure Correct Payable Result
Rating: 4.2 out of 54.2 (113 ratings)
787 students
Created by Mark Smolen
Last updated 6/2019
English
English [Auto]
30-Day Money-Back Guarantee

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 That Vendors

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

Course content

1 section • 16 lectures • 2h 3m total length

  • Preview03:30
  • Preview08:35
  • Entering Bills from Vendors in to quickbooks
    09:21
  • Enter bills excercise
    02:06
  • Paying vendor's bills - exact amount
    08:04
  • Making Partial Payments to Vendor's Bills
    04:38
  • Vendor transaction practice set
    02:28
  • Fixing vendor's misapplied paymnets
    06:03
  • Credits from Vendors
    10:59
  • Refunds from vendors
    03:57
  • Vendor discount terms
    12:36
  • Preparing for Prepaid with journal entries
    13:13
  • Recording and Adjusting for Prepaid Expenses
    08:57
  • Prepaid Expenses- method 1- pay to accounts payable
    09:44
  • Prepaid Expenses - "pay from prepaid" method - invented by Mark Smolen
    08:46
  • Bonus video- prepaid running balance
    10:44
  • Summary Test for Vendors and Payables
    10 questions

Instructor

Mark Smolen
Professor of Computerized Accounting
Mark Smolen
  • 4.4 Instructor Rating
  • 4,550 Reviews
  • 26,515 Students
  • 34 Courses

I have 2 decades of experience teaching Computerized Accounting. I have taught QuickBooks at A.S.A college in Manhattan New York. I have made my lessons available to job training schools for adult education and have helped place hundreds of students in good paying jobs using QuickBooks and other software that they learned in my class.

I am a permanently licensed teacher by the New York State Education Department. I am also a Certified QuickBooks Pro adviser for over a decade. I have made these videos by determining what my clients needed.

I wanted to help anyone using QuickBooks be prepared for the real-life, hands-on challenges that come with mastering the bookkeeping function of any company. I will prepare you for real life QuickBooks situations that can be challenging or frustrating if nobody shows the tips and tricks that will make using QuickBooks a fun task

I enjoy helping students turn frustration in to a feeling of comfort and satisfaction with QuickBooks. I'm always available to my students when they need me.

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