AccuraBooks Accounts Payables – Clearing Out Vendor Credits in QuickBooks Online
Here is a video showing how to apply an old vendor credit to a new vendor bill:
Read MoreHow To Close Out Old Vendor Credits in QuickBooks Online
Note: This article assumes you do NOT have the “Automatically apply bill payments” setting turned on in your QuickBooks company settings. If one of your vendors currently has a credit (negative) balance in your books, then let’s create a new bill and then apply this open credit balance to it: Find your vendor (with the
Read MoreHow To View Unpaid Bills and Open Accounts Payables in QuickBooks Online
There are different ways of viewing a report in QuickBooks Online that will show open vendor liability and credit balances. Please note: Your QuickBooks Online subscription may prevent you from having access to certain reports. So let’s begin: Go To>Reports>Reports Scroll down to the section under “What you owe” Click on Unpaid Bills Note: when
Read MoreHow to Write Off Uncollectible Accounts Receivables (Bad Debt Expense) in QuickBooks
There 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 MoreHow to Apply a Customer Payment to an Open Invoice in QuickBooks Online
You received a customer check payment and it is sitting on your desk and now you want to apply this payment to a specific open invoice. Go to Sales>Customers Find the customer in the list and click to open the customer’s transactions list. Scroll thru and find the invoice that you want to apply payment
Read MoreHow to Apply Customer Credits to Open Invoices in QuickBooks Online
Note: 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
Read MoreCreating an Inventory Part Item in QuickBooks Online
Here is a video showing how to create inventory parts in QuickBooks Online:
Read MoreHow to Create an Inventory Part Item in QuickBooks Online
Note: Be sure that your inventory function is active in QuickBooks Online. Go to Gear Icon>Account and Settings>Sales tab>Products and services area>Checkmark the following at the minimum: Show Product/Service column on sales forms Track quantity and price/rate Track inventory quantity on hand Click Save then click Done. Go to Gear Icon> Lists menu>Products and services.
Read MoreApplying Vendor Bills to Already Entered Check Payments
Here is a video showing how to apply vendor bills to previously entered vendor check payments:
Read MoreQuickBooks – How to Apply a Vendor Bill to a Check Payment that was Already Entered
METHOD #1 Login to QuickBooks Online. Go to New>Vendors>Bill Enter your vendor bill and hit save and close. Find the previous check payment made out to that vendor. This is the check payment that you want to apply to the bill. Within the check payment, change the category (account) that you previously assigned this check
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