In this video we responded to a scenario question in our forums section.
Article Source: Learn Quickbooks
Resources:credit (Wikipedia) Invoicing ( GOV)
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February 28, 2012 at 4:28 am
Accounts Receivable Training, Quickbooks Training Videos Tags:
apply credits, invoicing, record deposit payments
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Hello. I’m using quickbooks 2013 and there is no “Discounts and credits” button on the “Receive Payments” window. I looked at the manual cannot find how to make the option show up. Thank you in advance!
I found the “Receive Payments” button on the window but it turns out that it automatically cancels out the customer’s credits whenever I make a new invoice. The Auto-discount/credit option at Preferences>Bills>Company Preferences are ticked off, but why is QB still auto-discounting?
How do I open the “customer list” and delete wrong entries.
How do I print a “daily bank deposit report”. I use them to reconcile bank statements.
I have QB for non-profits 2014.
Answer to first part:
You open the Customer Center, click on the customer you want to delete, go to Edit, Delete customer/job. However, if you have any transactions for that customer your only option is to make them inactive. If the transactions should belong to a different customer you can click on the entry to the right of the list under "Transactions" and change the customer name to the correct one.
Answer to second Part:
You can go to Reports, Banking, Deposit detail for a list of deposits. You can also go to the Chart of Accounts, highlight the bank account, go to the bottom of the page and click Reports, Quick Report. Then you can customize the report by choosing the Transaction Type, choose Deposits. The report will be much easier to read than the Deposit Detail report. You can then Edit, Memorize Report and have it instantly generated without the customization whenever you need it.
However, if you are doing this to reconcile it is much easier to use the Bank Reconcilation feature in QuickBooks. All of the deposits will show up in a more compact list.
Go to Banking, Reconcile, choose the account, enter closing statement date and closing balance and continue. Make SURE the beginning balance is the same in QuickBooks as it is on the statement. If it is not, click on Locate Discrepancies and a list of voided or deleted transations will be generated to help you find out where you are off and adjust accordingly.
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