QuickBooks Online 2024: Recording Income/Invoices (Accounts Receivable)

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Timeline:

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00:50 - Estimate
04:54 - Create an Invoice (without an estimate)
07:27 - Receive payments directly to bank (no undeposited funds account)
09:31 - Make the decision whether to put the deposit straight to the bank or put it in the Undeposited Funds account
10:44 - Receive payments with Undeposited Funds account
14:18 - "Undeposited Funds account" to "
Bank Deposit
15:22 - Credit Memos
21:41 - Receive payment
25:29 - Record deposits with bank feeds
28:04 - Record deposits using the bank feeds screen WITH TRANSACTION FEE
30:07 - Billable time and Billable expenses
32:58 - Delayed charges and delayed credits
36:16 - Billable expense
39:02 - Using a journal entry to adjust receivables
42:08 - Create a customer Statement

Other Videos:

Official QuickBooks Online 2024 Tutorials Playlist:

[theguire]

Yah, dude. Awesome. Seriously, I love the tempo. You clearly know your stuff. Never a pause. No marketing - which is so rare. I usually need to tap on the right arrow or skip the timeline because some douche is talking like he is on pain meds. You really do cover A LOT of material. I can't believe you don't charge for this. God bless you, Hector.

[letstry]

Thank you so much, Garcia. I respect you for the value you giving us. I am really grateful to you.

[SMYNKB]

This was so helpful. I love the variety of examples and the extra features I didn't know about. I have a potential new client who has a "heavy" A/R and said its always in the neg and I want to make sure I'm handling it properly. Thank you!

[TriixBelle]

Thank you so much, Hector! I am so glad that I have found your channel. You showed an actual ways of doing things in QBO!

[deborahjoseph]

A whole lot covered in 45mins. Thank you so much

[boniphacemaruchu]

Dear Hector, I really want to say I have found my expert! and no one else than YOU! Stay Blessed Bro!

[franciscamolina]

Thanks you for your clases they are so intense and learning!!

[加国电商会计]

Thank you for such very clear and professional tutorial. I want to say I am lucky to find you.

[faye__]

You are great on your videos please never quit that

[stevend]

0:50 - Estimate
4:54 - Create an Invoice (without an estimate)
7:27 - Receive payments directly to bank (no undeposited funds account)
9:31 - Make the decision whether to put the deposit straight to the bank or put it in the Undeposited Funds account
10:44 - Receive payments with Undeposited Funds account (make one lump-sum deposit and we want to match bank)
14:18 - Transfer from "Undeposited Funds account" to "Bank Deposit"
15:22 - Credit Memos


21:41 - Receive payment ("New">>"Receive payment") CC WITH TRANSACTION FEE
25:29 -Record deposits using the BANK FEEDS screen (NO transaction Fee) using "Find Match"
28:04 - Record deposits using the BANK FEEDS screen WITH TRANSACTION FEE using "Find Match"

Premium QBO features:
30:07 - Billable time and Billable expenses and convert them into an invoice
32:58 - Delayed charges and delayed credits
36:16 - Billable expense

39:02 -Using a journal entry to fix the books
42:08 - Create a customer Statement

[Iluvmydogs]

Thank you. Just a quick question, when you converted this from Estimate to Invoice, you are assuming that the product was delivered or service was provided by you. Correct? So during estimate phase = product is not delivered yet. Invoice phase = yes, product was delivered.

[ShaymaBellydance]

Gracias Hector. Finally someone explain how to put those credit card fees in an easy way!

[AnibalFraquelli]

Great information for all of us Mr. García

[marilynlegaspi]

Thank you Hector..now I understand quickbooks at least ..you made it looks simple and easy.

[jenadams]

HUGE THANK YOU HECTOR!! FOR EVER GOD BLESS YOU!

[RA-rhlb]

Thank you. The way you deliver the topic is so helpful and understood.

[HappyMooreLLC]

Thanks, Hector! So appreciate how you teach!!!

[HuyNguyen-cbbt]

Kudo for your great work and thank you for the an informative instruction video! I would suggest you add another video about sales tax set up since it's very important when it comes to invoices and income

[colleensalubo]

Hi, Since you already recorded the deposits, in the bank feeds, youre gonna exclude these bank transactions right to avoid double entry

[joannacastellanos]

Hector, Great Video!

In our current project, a funding company is providing funds for mobilization, and the lender has already paid numerous bills.
The agreement requires the GC to make all payments to the joint account the lender established using AHC.
After receiving the funds they contributed to mobilization, we transfer the remaining balance to our primary checking account. I have a question: how can I record all of this?