QuickBooks Advanced Customers and Receivables
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QuickBooks Advanced Customers and Receivables

Learn everything there is to know about managing customer records.
4.6 (25 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,177 students enrolled
Last updated 8/2016
English
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Includes:
  • 3 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • perform ANY customer or Accounts receivable related task in QuickBooks
  • Find and fix any mistake related to customer tansactions
  • reconcile with customers to prove that all receivable records are correct to the last detail
View Curriculum
Requirements
  • Must know basic customer and receivable transactions and reports in quickbooks
Description

After this course, you will be an expert in the area of customer records and accounts receivables. You will learn how to record every possible transaction that relates to customers. You will learn how to find and fix mistakes that receivable bookkeepers make. When you finish, you will be able to GUARANTEE that the QuickBooks customer records are correct to the last detail

Any possible advanced situation that arises from doing business with customers can be handled in QuickBooks. You will be able to: record split payments from customers, give refunds, create and apply credits to customers accounts, record customer deposits and advanced payments, give normal discounts and set up and apply terms to customer sales.

You will be able to perform customer management tasks such as printing statements and reconciling these statements with customer's records. This course give you a special presentation that allows you to understand how quickbooks calculates finance charges (interest) to customers

Who is the target audience?
  • you should take this course if you need to perform ADVANCED tasks that relate to managing customer records.
  • you should take this course if you need to know how to find and fix customer mistakes
  • you should take this class if you are studying for the certified quickbooks user exam
  • You should take this course if you already have a basic understanding of basic customer transactions in quickbooks
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Curriculum For This Course
Expand All 25 Lectures Collapse All 25 Lectures 03:07:51
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These are all you need to be an expert in Accounts Receivable in QuickBooks
25 Lectures 03:07:51

You will be an expert in the area of customer records and accounts receivables. You will learn how to record every possible transaction that relates to customers. You will learn how to find and fix mistakes that receivable bookkeepers make. When you finish, you will be able to guarantee that the QuickBooks customer records are correct to the last detail.

Any possible advanced situation that arises from doing business with customers can be handled in QuickBooks

Preview 03:01

You will Learn how to fix payments fro customers that were previously applied to the wrong invoices. You will be able to find misapplied payments and correctly re apply them

Preview 05:53

You will see how changing the settings in the preferences window will change how the payments window will apply the paymnets

Preview 05:55

the payment history tool allows you to see the changing balance of invoices. This will help you see which payment is applied to which invoice

Viewing an Invoice's Payment History
06:07

This will give you practice in a challenging data entry situation. Receiving payments from customers where they are requested to be applied in different ways. This will improve your skills regarding the detals of the custmr records

Practice with a mix of customer transactions
02:18

This lecture shows the real life process of guaranteeing the customer records in our QuickBooks Match the customer records to the last detail.

Reconciling your QuickBooks with the Customers
12:52

You will experience the actual "on the job" technique for finding and fixing misaplied payments

Fixing misapplied Payments
17:34

This is the greatest tool in Quickbooks. You will be able to find ANY transaction in the entire QuickBooks file just by describing it.

Using the find window
05:17

This will show you how to manage and print monthly statements you must send to your customers.

Managing Customer's Monthly Statements
03:43

This video lecture wil explain how to record finance charges to customers. This is interest that you charge your custoners for allowing them to owe you money.

Recording Finance Charges to Customers
05:20

This video is an explanation of how quickbooks calculates interest for customers who owe you money. You do not have to follow along. It is just for your knowledge and understanding

How QuickBooks calculates Customer interest and Finance charges
08:24

THis video shows you how to record statemen charges. These are usualy monthly charges that yu would not list on a separate invoice

How to record customer statement charges
06:53

This video shows what to do when customers pay you by diretly depositing money in to your bank account

Recording direct deposits from customers
05:36

THis lecture will show you how to record refunds given to customers for cash sales

Giving a refund to a customer
04:54

This video shows how to decrease the customer's balance when a credit to thier account has been uissued

Giving Credit to a customer
04:50

This advanced quickbooks lecture teaches how to apply credits to the proper customer invoices

Applying and reapplying customer credits
03:15

Customner prepymnets are an advance topic in quickbooks. THis video will build on what you earned and show you how o record and manage them

Recording advanced payments (prepayments) from customers
07:04

When customers leave a security deposit, they expect to see things in a specific way. This advanced quickbooks video will show you everything you need

Recording Security deposits from customres
09:07

Giving customers Normal discounts (not early pay discounts)
13:48

You will learn more about giving "normal" (not early pay) discounts. These are more advanced discount situations like discount as a percent of a large sale.

Customer discounts a a percent of large sales
07:55

Early pay discount is something you ussually learn about in an accounting class. It takes a little time to set it up and understand it. This lecture will prepare you for that.

Setting up QuickBooks for early pay discounts (with TERMS)
10:02

This video shows actully how to GIVE the early pay discount.

Giving customers terms and early pay discounts
11:21

This is a mixed practice of all of the transactions learned in this course. You have to compare your results in your file to the results in this video. If they are different, you mut use what you learned to find and fix mistakes

Final transaction set practice for advanced customer transactions
03:42

I am including a lesson on Journal entries because I want the students to be able to adjust for unearned income. This video will teach you about journal entries. The video that follows this one will show you how to record and adjust for unearned income. Then you will know EVERY POSSIBLE customer / receivable situation. 

Journal Entries - prepare or unearned income
12:19

This video will show you how to record and adjust for unearned income. It specifically addresses TIME BASED unearned income where the customer prepays and you earn the income based on the passage of time. It makes your education complete for knowing every possible customer / receivable related transaction!!

Adjusting for Unearned Income
10:41

This quiz will show you how much of the theory and ideas you leaarned and remembered regarding this course

Summary test for Advanced Receivables
12 questions
About the Instructor
Professor Mark Smolen
4.6 Average rating
164 Reviews
5,085 Students
14 Courses
Professor of Computerized Accounting

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. I have made these videos by determining what my clients needed and how effective they were in real life situations. I enjoy helping students turn frustration in to a feeling of comfort and satisfaction with QuickBooks