This article deals with processing those unique customer statements from the QuickBooks Desktop platform. Customer “statements” are not necessarily the same as the typical Accounts Receivables reports. Accounts Receivables reports will have all the open invoiced amounts, per customer, onto one report. However, customer statements, will focus displaying all that pertinent AR activity onto one
Read MoreThere may be times when you have to take a customer’s Accounts Receivables credit balance and transfer it over to another customer’s Accounts Receivables balance in your bookkeeping system, within the QuickBooks Desktop version. The main reason you would ever have to do this is if one of your customers has multiple locations or subsidiaries
Read MoreThere may be times when you have to take a customer’s Accounts Receivables credit balance and transfer it over to another customer’s Accounts Receivables balance in your bookkeeping system, in QuickBooks Online. The main reason you would ever have to do this is if one of your customers has multiple locations or subsidiaries and thus
Read MoreThis article addresses the benefits of reviewing an Open (customer) Invoices report in comparison to a typical Accounts Receivables report. Most of the times small business owners are familiar with the term Accounts Receivables and thus will process the corresponding named report in a bookkeeping software to ascertain which customers still owe them money.
Read MoreThis article addresses how to create a report in QuickBooks Desktop that shows specifically which customer invoices you applied a customer’s payment to. Here is the scenario: You received a customer’s payment and applied this payment to multiple invoices. Perhaps some time later (days, weeks, etc) the customer is now requesting a report that
Read MoreAs a small business owner, if you accept credit or debit cards payments then you probably understand the convenience of simply charging your customer’s credit cards on file rather than wait on a check payment to settle accounts receivables. However, this convenience is not free of charge either, in that the credit card processor that
Read MoreThere are different ways of handling the issue of writing off open Accounts Receivables due to customers not paying you for whatever reasons. This issue can also be resolved differently if you are an accrual or cash basis tax filer and also if the Accounts Receivables to be written off (to a Bad Debt Expense
Read MoreWhen you process an overall company health financial statement such as the Profit & Loss or a Balance Sheet, you may find inaccurate balances due to the fact that your Accounts Receivables and Payables need attention. In my experience, it can be quite common to see a business owner disregard the value of each detailed
Read MoreHere are instructions to receive a customer overpayment then issue a check refund for the resulting credit balance using QuickBooks Desktop. Note: This is not the same as creating a credit memo. Menu: Go to Customers>Receive Payments. Choose the customer in the “Received From” field. Fill in the Payment Amount. Be sure to choose an
Read MoreNote: This is assuming the customer deposit was already booked BEFORE the payment was actually applied to the customer’s open invoice. Be sure that the pre-existing customer deposit is actually booked correctly for this to work. Go to the customer deposit entry in QuickBooks Online and ensure two things here: The “Received From” field is
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