Fix Duplicate Income & Clean-up A/R in QuickBooks Online

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AJ Stockwell is a licensed CPA and the owner of Learn Bookkeeping Today LLC and Climb CFO LLC. He is a small business accounting and finance expert with a passion for sharing high-quality informative content for:
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Опубликовано:

5 июл 2022

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Комментарии : 32

@lydiaruiz8367 10 месяцев назад

Your explanation is the best one I have come across. Simple not complicated and to the point. Thank You for this wonderful help.

@staceycontreras4504 Год назад

Thank you so much for the clear step by step explanation and correction process!!!

@mafidelapascual5115 Год назад

Thanks , your video is such a great help to us newbie bookkeeper❤️

@SarahBinsol 2 года назад

Such a great and detailed video! Thank you very much!

@fangzhang3119 Год назад

Thanks for explaining the duplicate income to void double tax!

@kharismaxx7354 11 месяцев назад

How to fix your AR has been a big headache for me, ive been learning quickbooks since 9 months but your videos are very helpful. I will keep on watching em. Thank you.

@wazup80 Год назад

Excellent walk through! 👍

@brynnmatthews1730 6 месяцев назад

I really appreciate this video. Thanks!

@ameliabarbado9887 Год назад

Hi can you make a video about how to do an audit walkthrough for a potential bookkeeping client in QBO? By the way I enjoy watching your videos and I am learning a lot!❣️

@Musslimereditor Год назад

Thank you so much, your video is very helpful 😊

@Team8LA 11 месяцев назад

Thank you so much! I just getting better with desktop, now I need to migrant to QBO, the interface is so different...I seem to like the old school double journal entry, lol.

@ceciliamseteka1600 Год назад

Thank you for this informative video

@wencircs9270 Год назад

Thanks for this video. Can you also make a video about payment gateways i.e. paypal? Thank you so much❤❤👍👍

@kharismaxx7354 11 месяцев назад

Thanks looks great. What about the bank reconciliation after fixing it with no tick on the £2100 has been selected.

@soulful_yoga_kiran1199 10 месяцев назад

That’s great but how can we create journal entry if the deposit is reconciled and a/r is also recorded but sitting uncleared.

@seannorthmore4802 6 месяцев назад

How do you get rid of a open balance on an existing invoice that was partially paid. The customer changed the final scope of work or refused to pay the remaining balance. So all of our outstanding A/R has to do with partial invoice balances. We run our company on a Cash basis.

@LearnBookkeepingToday 4 месяца назад

Hey Sean - Sorry for the delay here. In this case, you should enter a Credit Memo for the customer, either using the same Product/Service that you originally used to bill the customer, or using a Product/Service that posts to Bad Debt Expense.

@Team8LA 11 месяцев назад

Please teach more trouble shooting videos, and what reports are to run for business owners, what to look out for etc. TIA!

@florak1087 Год назад

Hi there! Great video. Can you kindly touch on the 'clear payments' button that no one talks about? lol. When do you use it?

@LearnBookkeepingToday Год назад

That's a great idea! I'll note that for another video

@chadb7694 Год назад

Can you please comment? I was advised to learn Sage, which is recommended as a more professional software. Apparently QB is not a double entry accounting software. Thank you

@ruvimg 3 месяца назад

Quickbooks is double entry

@ruvimg 3 месяца назад

No business under 5 million of revenue will pay for something like sage

@florak1087 Год назад

I have reconciled one transaction but see an open invoice for payment to receive payment. Should I delete that as I think I made a sales receipt for this customer (it said 'e-transfer" for the customer name~why does that happen?) Would love your or any other subscribers wisdom on this. Thanks!

@LearnBookkeepingToday Год назад

Hi Flora, it's hard to say exactly without seeing what's going on in your QuickBooks. But I would say that if you recorded a Sales Receipt for this customer, that probably recorded both the income and payment at the same time. So, the Invoice would be duplicating that revenue and can likely be deleted. It probably says "e-transfer" for the customer name because that was the transaction description in your bank feed and QBO defaulted it to that. (This would mean, though, that at some point you created a customer with that name.)

@monroelandexcavation 3 месяца назад

I have a CRM that linked to QB and duplicated everything. It's a mess. Any idea where to start? My accounts receivable is -$97k

@ruvimg 3 месяца назад

Unlink the crm, if you don’t know know how the crm adds the transactions don’t have it there. Go through and find the duplicates and delete them. Make sure to reconcile your bank accounts and undeposited funds. I find a lot of mistakes are there.