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Money by quickbooks how to#
Money by quickbooks full#

You can also apply it to a customer or job, as well as assign items to it by clicking on the Items tab. You can change the amounts and numbers if you want. Under Account, enter an expense account name that's already on the Chart of Accounts. Now, let's move down to the columned areas. You can enter a memo in the Memo line if you want. Next, select the payment terms that tell when the bill is due. QuickBooks will fill in the amounts and items for you. If you choose to do that, the Open Purchase Orders dialog box will open. If you have a purchase order open (which we'll talk about later in this course) for that vendor, QuickBooks will ask you if you want to apply this bill to a purchase order. Your vendors should already be in your vendor list, but - if not - QuickBooks will ask you to use Quick Add or Set Up to add them. To record a bill, go to Vendors>Enter Bills.Ĭhoose the vendor that you want to pay. We're still going to want to record them, and that's the first step. Now, remember, just because we're waiting to pay our bills doesn't mean we just want to shove them aside and ignore them. Let's get back to that and teach you the accounts payable way. By default, QuickBooks put check marks next to all customers. Then, select which customers you want to assess a finance charge to by leaving the check mark next to the customer's name. Enter the date that you are adding the finance charge. Next, click OK, then go to Customers>Access Finance Charges.

Money by quickbooks how to#

This is the same as printing invoices and sales receipts, so you should know how to do that by now.

Decide if you want to print the finance charge invoice.

Select if QuickBooks should calculate finance charges from the invoice due date or the invoice date.

This means if you add a finance charge to an invoice that was unpaid after 30 days, and it's still not paid after 60 days, do you want to simply add another finance charge to the principal amount owed (the original amount of the invoice) or do you want to add finance charges to the original amount owed AND the finance charges that were already added.

Decide if you want to charge finance charges on finance charges.

You can select Income or Other Income Account. There's a drop-down list next to the Activate Finance Charge Account.

Now, pick the account you want to use to track finance charges.

The grace period is the period after the invoice is due before you start to add finance charges.

If a minimum finance charge exists, enter it.

Enter the interest rate you want to use.

When you are ready to print the receipt, click Print.Īs with invoices, select the type of sales receipt form you are going to use, then click Print. If you don't want to print the receipt, make sure the "To Be Printed" box is empty.

You can add a customer message if you want. If they pay by cash, leave it empty.ĭescribe the items, the same as you did with invoices. This is optional, but handy.Īdjust the Sold To address if it needs to be adjusted.Įnter the check number if the customer is paying by check.

This is the same as with invoices.Įnter a sale number. Now, select the customer and the job, if you want. Invoices change your accounts receivable balance. A sales receipt changes your cash balance.

Money by quickbooks full#

You record a sales receipt whenever a customer pays in FULL for the products or services delivered at the time they are purchased.