Job Deposits To Subcontractors And Vendors In QuickBooks Online

[@worldwidequickbooks]

Hello my friends, This video tutorial will show you the proper way to record prepayments to vendors. This accounting method will keep your vendor records up to date for the exact amount owed by you or the vendor. It will explain the accounting theory behind adjusting for prepaids when you give down payments or job deposits to your subcontractors or vendors. It will perfectly clarify what you need to do and why. I hope you will click “like” and subscribe. -Mark

[@ChrisAnderson-j7w]

I think your videos are super! I don't know why they don't get as many views as they used to. There truly are no clearer videos and it is Amazing that you keep helping those who are looking for an opportunity. Your long term commitment to little problems that come up is also very admirable.

[@worldwidequickbooks]

Wow thank you so much! It makes it worthwhile when good people show appreciation.And I hope you will click like after watching each 1 help support the free channel for everyone so please subscribe and stay in touch! Mark

[@FarazVisuals]

Impressive job on the video! It surpassed expectations in both content and presentation.

[@worldwidequickbooks]

Thank you very much!

[@larryweissenburger]

Thank you, I found your channel and about 2 weeks ago. Never used quick books before. But I'm just geeked out on you videos. You make quick books easy to understand.

[@worldwidequickbooks]

Awesome! Thank you! I'm here if you need any specific topic in quick books and I hope you will click like after watching each 12 help support the free channel for everyone and please subscribe Mark

[@TahirshahBukhari-u6p]

Boss no doubt you are rock, the way you delivered the lecturer is remarkable As a newbie i just request you to create videos by record of any sampling firm. The firm that have different natures Like e commerce, real estate blaw blaw blaw These will help us to understand more accurately and boost confidence

[@worldwidequickbooks]

Oh thank you so much!! Yes, I have those. Any e-commerce is similar to amazon in the way they pay and keep record. So just watch the amazon playlist here and it will apply to all the others. kzbin.info/www/bejne/nKXVY5eQjLh0rZI Then for Real Estate I have this popular video................... kzbin.info/www/bejne/roC1ZpRspa5goc0 And if you are a SERVICE company that gives service to landlords as a "management company" this playlist in desktop is for you. kzbin.info/www/bejne/qZXXYWVmh6dqoac I have other "indstry specific" videos if you need; please let me know if this is what you wanted. -Mark

[@eddiemaegille2966]

Hi! How about doing it in Bank Feed? If for instance, there is no manual entry prior to it showing in the Bank Feed. So, when it shows in the Bank Feed, I will book it as Accounts Payable, right? Once it is categorized, what is the next step? Especially when the vendor have rendered the service, should I still create a "Bill" then "pay bills" like the one in the video?

[@eddiemaegille2966]

Also, when you said to "reverse the entry", did you mean another "Journal Entry" with Dr. Accounts Payable, Cr. Prepaid Expense? Journal entries really make my head spinning haha thanks in advance!

[@worldwidequickbooks]

Yes, you have to record subcontractor vendor downpayments.Exactly the way this video shows There's a separate playlist for bank feeds and downloading and importing transactions.And please tell me if you would like the link to that play list as well Mark

[@junaidahmed4424]

My mentor can you please train us on e-commerce business accounting in long one video courses

[@worldwidequickbooks]

Yes, I already have a full playlist for e-commerce.Because all e commerce behaves the same as amazon if you're an amazon seller Use this playlist first and see if it applies to your other e-commerce platforms.Because it will work perfectly if you follow in proper order kzbin.info/aero/PLqRhgBZfJuE70qBcsCCRF65h_5pDQCGr9 Please let me know what you think Mark

[@junaidahmed4424]

@@worldwidequickbooks already completed this and many others looking forward for some latest and enhanced learning