How to Set Up Accounts Receivable in QuickBooks

1. How to Set Up Accounts Receivable in QuickBooks? The proper use of your Accounts Receivable register gives a way to tune customer bills and illustrate your company's overall monetary photo the use of color-coded graphs and reports. Recording your invoices and statement prices into the Accounts Receivable register guarantees that your graphs encompass all related enterprise income. Reports offer a useful device for assembly with commercial enterprise partners, clients or capacity sponsors. You can input transactions in two main ways -- through statement fees or invoices. Use statement costs while you want to apply customer payments to a single charge. Use invoices to track character payments or accept bills over time. Follow the steps to set up accounts receivable in QuickBooks: Enter Statement Charges: Step 1: Click the "Lists" menu and pick out "Chart of Accounts." Step 2: Double-click "Accounts Receivable" and uncheck the "1-Line" box.

2. Step 3: Enter the date for your invoice or statement fee through clicking the "Date" column in an empty row. Step 4: Input a number inside the Number column and pick the "Customer" drop-down list to pick the patron. Step 5: Choose the "Item" drop-down list and select the object you want to price for. Step 6: Provide any advanced information such as the quantity, rate, amount charged, paid or another to be had option and click the "Record" button. Record Invoice Payments: Step 1: Click the "Customers" menu and pick "Receive Payments." Step 2: Click the "Received from" drop-down menu and choose a patron from the listing. Step 3: Complete the Amount, PMT Method, Date and Check # fields, if applicable. Step 4: Click "Save & Close" to record the fee to Accounts Receivable. Create Graphs: Step 1: Click the "Reports" menu and pick out "Customers & Receivables." Then, pick the "A/R Aging Summary," "A/R Aging Detail" or the general "Accounts Receivable" choice depending at the graph you want to create. Step 2: Click the "Dates" button and select the date range you want to display. Step 3: Click the "Print" button to send the record on your printer. You can choose to print the record in panorama or portrait mode. When prepared to print, click the "Print" button.

3. How to reach us? Hopefully, this blog has included the complete steps to set up Accounts Receivable in QuickBooks software. In case you caught in performing any of them or to know greater approximately banking transactions, account reconciliation, and QuickBooks errors. Get connect to experienced crew individuals at toll-free QuickBooks technical support number 1844-313-4856. They will always have satisfied to serve all of your queries in much less time & offer you higher help in a single call. If you're unable to reach the experts thru the call then, get an immediate resolution through an E-mail or live QuickBooks chat support.