Category Archives: Quickbooks
QuickBooks Quick Tips: How to Pay Bills
QuickBooks Quick Tips: How to Pay Bills
The next step after “entering your bills” is to pay them.
Follow these simple steps to pay your bills in QuickBooks.
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QuickBooks Quick Tips: How to Enter Bills
QuickBooks Quick Tips: How to Enter Bills
Keeping track of your unpaid bills is the most efficient way to maintain your accounts payable. Follow these simple steps to record your unpaid bills in QuickBooks.
- From the vendor menu, select enter bills.
- Select your vendor from the drop down list or enter a new vendor. The vendor is the company or person who has billed you.
- Enter the date, the amount due, and the date the bill is due. If applicable, use the terms drop down list to identify the payment terms.
- Under the expenses tab use the account drop down menu to select the appropriate account.
- Enter a description under the memo section (optional)
- Choose either Save and Close, or Save and New if you would like to record another bill.
QuickBooks Quick Tips: How to Record Deposits
QuickBooks Quick Tips: How to Record Deposits
Recording deposits in your QuickBooks account is necessary to keep accurate record of your income.
Follow these simple steps to record deposits using QuickBooks.
- Under the Banking menu select Make Deposits.
- If the Payments to Deposit window opens, select the payment(s) you want to deposit. These are payments that were previously placed into Undeposited Funds. If the Payments to Deposit window does not open when selecting Make Deposits, it normally means there are no pending deposits.
- If necessary, change the Deposit To account and change the Date to the date you made your deposit.
- In the Received From drop down menu you may select the Customer: Job or Vendor. This is optional.
- Use the From Account drop down menu to select the account that should be credited for this deposit. For example, if this deposit is for services rendered it would be applied to your income account.
- If you choose, you may enter a note in the Memo section, a number under Chk No., and select a Payment Method.
- Enter the amount of the deposit.
- Only use the Cash back fields at the bottom of the deposit if cash back was received from your deposit.
- Choose either Save and Close, or Save and New if you would like to record another deposit.
