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Index
0:22 AR Aging Detail report shown on screen
1:30 Report from receivables in QBO
3:20 As long as that information on screen is available you can record the transaction
3:32 Quick create and create a bank deposit
4:14 Add in the chart of account
4:50 Recording the Bank Deposit
5:32 Keep adding in the invoices line by line
7:40 You may also list all invoices in the memo
9:59 Make sure adding in the invoices to the bank deposit is done before the next step
10:31 Let's get paid, receiving payment on full amount
11:54 Receiving the payments at the gross amounts
12:59 Check off the invoice and save and new
13:12 Next customer pays his invoice and so forth
13:41 QuickBooks payments is great, Seth uses it
14:44 Recording a deposit since they are sitting in undeposited funds
15:48 Attention! Where it gets confusing, make sure it's at the gross amount
18:30 This amount should match what came into your bank account
19:21 Bottom line to be able to record the transaction
21:17 How to audit your work, to be able to trace your audit trail
23:41 Recording the net amount you will receive that will go against the reserve account
25:10 Checking balance sheet and loan payable amount from previous transaction
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