QuickBooks Tutorial - Mastering Customer Deposits and Accounts Receivable
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Uploaded by nerdenterprises on Dec 19, 2010
• Understanding what is happening on the financial statements will go a long way to helping understand how to record a customer deposit in QuickBooks.
• There are always several ways to do these things so you have to consider what works best for your specific business model
o (eg 1) I don't care what the financial statements look like, I just want quick easy tracking
• (eg 2) The financial statements are important because they are looked at by banks and other outside investors
• The implication of (eg 2) is that you have to do some follow up to be sure and give customers credit for their payment.
read the entire blog post and original web cast here:
http://nerdenterprises.com/blog/2010/12/quickbooks-tutorial-%E2%80%93-masteri...
Download the full (36 minute) version of this tutorial in my Knowledge Center:
http://nerdenterprises.com/knowledge/2010/12/customer-deposits/
PS If you listen carefully you can hear my dog Hercules playing with his favorite toy!
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