From the course: QuickBooks Pro 2020 Essential Training
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Record deposits - QuickBooks Pro Tutorial
From the course: QuickBooks Pro 2020 Essential Training
Record deposits
- [Instructor] You've sent your invoices or have done a cash sale. You've received your payment and have either deposited the checks in the bank physically, or you're about to at the end of the day. Now you need to tell QuickBooks about it so that what you're depositing in QuickBooks matches up to your physical bank statements. When you reconciled against those physical bank statements you need everything to match up. Remember, when we process those payments we group everything into a chart of accounts called Undeposited Funds. QuickBooks takes this amount and records the bank deposit and clears out this undeposited funds account of those checks that you chose to deposit. That's what we're going to do in this video. Because this needs to be reconciled against your actual bank account, it's very important that this matches up to the physical transaction. And it's also very common that in a real world scenario, sometimes…
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Contents
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Create estimates7m
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(Locked)
Create purchase orders for vendors5m 33s
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(Locked)
Enter vendor bills1m 52s
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(Locked)
Invoice customers4m 18s
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(Locked)
Progress invoice customers4m 14s
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(Locked)
Enter time and mileage against jobs3m 6s
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(Locked)
Receive payments and print receipts4m 40s
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(Locked)
Create sales receipts for cash sales2m 38s
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(Locked)
View reminders for overdue invoices2m 9s
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(Locked)
Send statements to customers3m
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(Locked)
Enter credit card charges3m 16s
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(Locked)
Record deposits4m 39s
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(Locked)
Pay vendor bills2m 31s
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(Locked)
Print checks2m 55s
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(Locked)
Work with jobs2m 54s
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