QuickBooks Accounts Receivable

QuickBooks Accounts Receivable 101 – Workflow Processes

QuickBooks software accords business owners with swift solution for their tiresome accounting and financial issues. With this software you can track, compile and complete all your financial tasks needed by your business in just few minutes. There are many processes from minute and simple to detailed and complex which can be done easily through QuickBooks Software. One such process is Accounts Receivable. This process basically involves recording the details and amount of money due to the company or professionals by other customers and clients for respective products and services offered. First read the instruction for creating balance sheet in QuickBooks .

Tips of QuickBooks Accounts Receivable

Recording the correct amount and details of the transaction is imperative so as to avoid future mistake and loss of the company. If the wrong details are posted in the financial reports it can lead to penalties for filing in incorrect tax payment amounts. These mistakes generally happen due to lot of human input, but with QuickBooks there are less chances of this issue happening as there is limited manual input.

How to Add Quickbooks Accounts Receivable Tracking

QuickBooks Accounts Receivable Reconciliation

While working on Accounts Receivables QuickBooks offers 5 Workflow processes that cover all aspect of all the parties involved without creating any hassle or confusion. As per the need and requirement of the business you can choose any one of the workflow process that is providing maximum benefit to your business.

Workflow Process 1:

This process starts with Estimate, moves to Sales Order, then further goes to Invoice, followed by Payment and ending with Deposit function. In chart format the workflow will look like:
Estimate -> Sales order -> Invoice -> Payment -> Deposit
This workflow is generally opted for when the business owner needs to send the business proposal to a client that they will later be turned into a sales order file. These steps are done before the process of designing an invoice and then collecting the payments.
Workflow Process 2:

This process starts with Sales Order, moves to Invoice, then further goes to Payment and followed by Deposit function. In chart format the workflow will look like:

Sales Order -> Invoice -> Payment -> Deposit
In this workflow process estimate is not part and it starts with Sales order function that helps to manage the sale of the products and service required by your users.

There are many more processes available for the businesses. In case you find issue while working with the software, you can contact the customer support team of QuickBooks and relay your problem with full disclosure for easy resolution. If the help and support is not provided in time you can also opt for alternative support agencies like Quickbooks Support Phone Number that provide professional quality support through Intuit certified ProAdvisors via their toll free number ☎ +1-516-494-3146


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