Bookkeeping Tips

What is the Undeposited Funds Account in QuickBooks?

Here is a video explaining and showing how to use the Undeposited Funds account in QuickBooks:

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Applying Customer Credits

Here is a video explaining how to apply customer credits in QuickBooks:

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Applying Customer Discounts

Here is a video explaining how to apply customer payment discounts in QuickBooks:

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Posting Batch Deposits

Here is a video explaining how to create and post a batch deposit in QuickBooks:

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Applying Customer Payments

Here is a video to explain how to apply customer payments to open invoices in QuickBooks Desktop:  

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Merging Vendor Profiles

Here is a video explaining how to merge vendor profiles in QuickBooks Online:

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Journal Entries

Here is a video explaining the basics of creating journal entries:

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How to Issue a Customer Check Refund from a Previous Overpayment in QuickBooks Online

1. Go to the vendor check-writing feature in QuickBooks Online. 2. Choose the customer name as the Payee name. 3. Choose “Accounts Receivable” as the Category. 4. Type in the overpayment amount to be refunded. 5. Click on “Save and Close”. 6. Next, go to the customer profile to actually apply this check payment refund

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How to Merge Customer or Vendor Profiles in QuickBooks

Sometimes, over a period of months or years, you may have inadvertently created similar looking vendor names or customer names in your QuickBooks company file. You may then decide, for various reasons, that you really need to begin merging some of these named profiles together. Before you being this activity, here are some important things

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How to Post Batch Deposits in QuickBooks

Posting two or more merchant settlement or customer check payments in a single batch deposit in QuickBooks requires the usage of the special Undeposited Funds current asset account/function in QuickBooks. To Begin: 1. Apply any and all full gross receipts/payments to open customer invoices like you normally would: a. However, here you are going to

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