QuickBooks Vendors and Accounts Payable

Learn every possible vendor and accounts payable situation in quickbooks. You be able to assure correct payable result
4.4 (26 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.
459 students enrolled
$19
$20
5% off
Take This Course
  • Lectures 16
  • Length 2 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works

Discover

Find online courses made by experts from around the world.

Learn

Take your courses with you and learn anywhere, anytime.

Master

Learn and practice real-world skills and achieve your goals.

About This Course

Published 1/2016 English

Course 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 statemnts that you receive. Your QuickBooks records regading 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.

What are the requirements?

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

What am I going to get from this course?

  • Record any possible Vendor or payables transaction in to quickbooks
  • Interpret the most important vendor reports
  • find and fix any mistake related to vendors and payables in quickbooks
  • Reconcile quickbooks with vendor statements to ensure perfect accuracy

What is the target audience?

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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Everything you need to manage vendors is right here
02:00

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.

08:35

You will learn what the term "accounts Payable" really means. This lecture will give you an overview of this course and its goals.

09:21

You will learn how to record into quickbooks bills that you receiv from vendors. You will learn the mportant details that relate to this and the results of entering bills.

02:06

You will practice entering bills in this video. You will apply what you learned in other sections to find and fix data entry mistakes

08:04

You will see step by step, how to pay bills in quickbooks. You will see what the results are in the reports after paying vendor's bills

04:38

Paying only a part of a vendor's bill can be tricky. You need to know whhat bill the paymnet is applied to and how to fix it if you make a mistake

02:28

You will practice the basic payable transactions dong data entry with different bills and bill pyments. You must compare your results to the results in the video. If they are different, you must use what you learned to find and fix mistakes

06:03

Apllying a bill paymnet to the wrong bill is the most challanging mistake to find and fix. You will learn how to do that in this video.


10:59

Vendors give us credit for any problems we may have had with the service that they billed us for. The credit decreases what we owe them, This video will show you how to enter the credit and what the reports look like as a result.

03:57

This video shows how to record refunds when vendors return some of the money that we paid them. It shows the results of the refunds in the relevant reports

12:36

You will learn how to set up and record an "early pay" discount from vendors.

09:44

There are several ways to record and manage prepaid expenses to vendors. This method is called "check to accounts payable". It's not perfect but it is acceptable and your accountant would still need to make an adjustment. The method I invented is better and it will be shown in the next video.

08:46

I invented this method many years ago. It is much better at handling prepaid then the commonly accepted "pay to accounts payable" method in the previous video. 

10:44

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!!

13:13

I am including a lesson on Journal Entries because you must know how to record them to be able to record paying and adjusting for prepaid expenses. The video that will follow this one is the one that will show you how to deal with  "time based" prepaid expenses.

08:57

Prepaid expenses that we will use over time, rather than use in specific events, must be adjusted by using journal entries. After you learn this, you will be able to manage every possible vendors /. payable situation. 

Summary Test for Vendors and Payables
10 questions

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Professor Mark Smolen, 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

Ready to start learning?
Take This Course