COMPUTER ACCOUNTING WITH QUICKBOOKS 2018 Donna Kay CHAPTER
COMPUTER ACCOUNTING WITH QUICKBOOKS 2018 Donna Kay CHAPTER 5 CUSTOMERS AND SALES © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
SECTION 5. 1 SATNAV QB Sat. Nav QB SETTINGS Company Settings Chart of Accounts QB TRANSACTIONS > Money in Money out > Banking Customers & Sales Vendors & Expenses Employees & Payroll QB REPORTS Reports © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
CHAPTER 5 OVERVIEW • Customer Navigation • Customer List • Customer Transactions • Customer Reports © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
CUSTOMER NAVIGATION 2 main ways to process customer sales using Quick. Books: 1. Create Sales Receipts 2. Create Invoices > Receive Payments © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
CUSTOMER LIST • The Customers List contains customer information such as address, telephone number, and credit terms • Once customer information is entered in the Customers List, Quick. Books automatically transfers the customer information to the appropriate forms, such as sales invoices 3 1 4 2 © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
CUSTOMER TRANSACTIONS Two main ways to record customers and sales transactions using Quick. Books are: • Process Customer Sales using Sales Receipts when customer pays at time good or service is provided • Process Customer Sales using Invoices when customer will pay later, after good or service is provided © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
SALES RECEIPTS When using Sales Receipts to record customer sales: 1. Create Sales Receipts. Create a sales receipt record the customer sale for product given and customer payment received in form of cash, check or credit card. 2. Record Deposit. Record deposit to move funds from the Undeposited Funds account to the Checking account. 1 2 © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
CUSTOMER INVOICES If products or services are given to the customer and the customer will pay later, then we use an Invoice instead of a Sales Receipt to record the sales transaction. 1. Create Invoices. Create an invoice to bill the customer for the product or service provided. 2. Receive Payments. Quick. Books reduces accounts receivable and increases undeposited funds. 3. Record Deposits. Record deposit to move funds from the Undeposited Funds account to the Checking account. 1 2 3 © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
CUSTOMER REPORTS Quick. Books provides customer reports to answer the following questions: • Which customers owe us money? • Which customers have overdue balances? • Which customers are profitable? • Which jobs are profitable? © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
CUSTOMER REPORTS Access customer reports from: • Report Center • Reports Menu • Customer Center © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
TO LEARN MORE… SEE CHAPTER 5 © 2019 Mc. Graw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of Mc. Graw-Hill Education
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