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Part 2 - Acounts Payable and Accounts Receivable

Jun 27
Sat 10:00 AM
Location
Crawford Merritt & Co.

3100 Five Forks Trickum Road
Suite 401
Lilburn, GA 30047
770-972-6393

How to find us
"Suite 401 - Conference Room"

Estimated attendance
 5  people attended.
4.50 4.502

Who organized?
Diana Crawford

This is Part 2 of the QuickBooks Series on How to Effectively Use QuickBooks. Don't worry if you missed Part1. You can still jump in. Class is free and is information on answering your questions in QuickBooks about accounts receivable and accounts payable. Coffee, juice and refreshments.

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Talk about this Meetup

  • Diana Crawford
    Posted Jun 26, 2009 11:21 AM
    Diana Crawford
    QuickBooks Advisor
    Typically a Company will track purchase discounts earned but lost when the Company has no other debt and is not otherwise paying interest on monies. Tracking the discounts lost is handled different ways depending on whether you are using Job Costing. It takes a little more on the manual tracking side, but the best general answer is add an Other Charge Item (not a discount) and link the Other Charge Item to the Discount Account. Reasons for all of this are beyond the word limit I have here.
  • Louis Gutberlet
    Posted Jun 26, 2009 10:51 AM
    Louis Gutberlet
    Question on Accounts Payable: From management's (not accountant's) perspective, what is more important - Purchase discounts earned or Purchase discounts lost? If your answer is discounts lost - how would you set up or book such purchases in QuickBooks? Louis Gutberlet

Who attended?

  • 5 attendees
    • “ Enjoyed the meeting. Picked up several helpful hints. Am looking forward to a session on POS. ”
    • “ This class is so helpful! Diana does a great job of presenting the material and the handouts are great as well. She saves time for questions which is much needed for me. I also feel it is a valuable learning experience to learn from the questions of other businesses. Diana's temperament is so laid back that you feel comfortable asking her questions or asking her to repeat a concept you did not understand. This class is worth giving up your Saturday morning for! ”