QuickBooks 2010 ProAdvisor Certification Course Section 3 –72 Module 3 –Sales and Receivables Lesson 1 –Introduction to Sales and Receivables Video Commentary This module focuses on your clients‘ favorite area of business and accounting…Sales! As you know, different types of companies have different methods for capturing sales transactions. And QuickBooks is flexible enough to accommodate these different methods. For example, some clients may send their customers an invoice for each sale, some might use sales receipts for their sales while others might just need a single summary entry at the end of each day. You first review the common sales methods used by your clients. Then, you learn about workarounds and fixes to common errors made by clients. For example, how do you enter an NSF check? How do you write-off bad debts? You learn how in this module. By the end of this module, you‘ll understand the different ways to enter sales and receivables into QuickBooks. You‘ll learn how to fix some of the most common errors users make, and you‘ll learn some powerful workarounds. Finally, you‘ll learn to run reports that can help your clients get a ―clear picture‖ of their sales and receivables. END Welcome! In this module, you'll learn about the sales and receivables features available in QuickBooks, including how to identify and fix some errors people commonly make when using these features. You'll also learn how to use the features to track information for such things as NSF checks and bad debt.
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QuickBooks 2010 ProAdvisor Certification Course Section 3 –73 By the end of this module, you'll be able to do the following: List the sales and receivable features available in QuickBooks Track the sale of out-of-stock inventory, manage backorders, and schedule services using sales orders Record advance payments from customers Identify and fix five mistakes clients can make when recording and depositing payments Account for NSF customer checks Write off bad debts in QuickBooks List five reports you can use to help clients evaluate their sales and receivables In the next lesson, you'll review the sales and receivables features available in QuickBooks.