QuickBook – freelearningcenter | Online courses https://freelearningcenter.com online video tutorials in MS.Excel, peachtree, Tally, Quickbooks, Advance excel, MS.office, Wordpress Thu, 10 Jan 2019 04:58:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.3 Process of Cash sales in Quick books Accounting software https://freelearningcenter.com/process-cash-sales-quick-books/ https://freelearningcenter.com/process-cash-sales-quick-books/#respond Sat, 20 Aug 2016 06:48:34 +0000 http://freelearningcenter.com/?p=197 Cash sales in Quick books Cash sales is  absolutely different from  credit sales process. process of cash sales in quick books includes only  sales Receipts in which the customer will make the payments at the time of purchase so there is no need of quotation, sales order and sales invoice. usually cash sales is a …

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Cash sales in Quick books

Cash sales is  absolutely different from  credit sales process.

process of cash sales in quick books includes only

 sales Receipts in which the customer will make the payments at the time of purchase so there is no need of quotation,

sales order and sales invoice.

usually cash sales is a dealing  between Retailer and the final consumer.

process of cash sales in Quick books Accounting software

credit sale is usually taking place between company to company, whole sale and retailer.

 

some time it also taking place between  retailer and final consumer but in that case no standard role of credit sale are following.

in cash sale it is necessary that buyers will make the payments at the time of delivery.

 

In cash sale Payments can also be accepted by Check or by  credit card and not only on cash amount base.

 

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Loan Manager in Quick Books Accounting software https://freelearningcenter.com/loan-amortization-quick-books-accounting-software/ https://freelearningcenter.com/loan-amortization-quick-books-accounting-software/#respond Sat, 20 Aug 2016 06:04:42 +0000 http://freelearningcenter.com/?p=195 Loan Manager in Quick Books Accounting software Loan Manager  is a very important  in Quick books Accounting software. This  Loan manager provide a complete schedule of Loan Amortization. if Your company have a plane to take loan for the company Purposes , then this schedule provide a descriptive information that will guide company planner. Suppose …

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Loan Manager in Quick Books Accounting software

Loan Manager  is a very important  in Quick books Accounting software.

This  Loan manager provide a complete schedule of Loan Amortization.

if Your company have a plane to take loan for the company Purposes ,

then this schedule provide a descriptive information that will guide company planner.

Suppose we have taken loan  Amount of rupees 1500,000, we will create a liability Bank Account.

Go  to List,Chart of Accounts ,

click on new, select Loan Option Account type will be Long Term Liability.

In Account name Write the Bank Name, who Provided Loan also inter the Beginning Balance and then save and close.

also we will create bank Account as a supplier Account.

Loan manager In Quick books

 

For Loan manager go to Banking menu click on what if scenarios,

write Borrow Amount of Rs-1500000, Terms Total Months, suppose 60 Months ( five Years Plan) interest Rate 13%. give next Month date , then calculate.

here you should Note  monthly Payment Amount. Total Payments  and Total Interest Amount. click on Add Loan.

select loan Provider bank A/c in Account  Name and Lender.

write the original loan amount which is 1500000 and terms, which is 60 (Months) .

Next Month due date which is due to be pay.

In the Payment Amount write the Monthly installment payment amount (Principle+ Interest ).

interest rate and the Bank Account for payments of installments. Now click on Payments schedule option a complete schedule list will open.

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Construction company process in Quick Books https://freelearningcenter.com/accounting-of-construction-company-in-quick-books/ https://freelearningcenter.com/accounting-of-construction-company-in-quick-books/#respond Fri, 19 Aug 2016 21:18:47 +0000 http://freelearningcenter.com/?p=192 Construction company process in Quick Books   Accounting process of construction company in Quick Books software is very simple and any can easily learn. we will create new company in the same way as distribution company and manufacturing company creation. as you select your industry,select General Construction or general contractor. Create inventory items from the …

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Construction company process in Quick Books

 

Accounting process of construction company in Quick Books software is very simple and any can easily learn.

we will create new company in the same way as distribution company and manufacturing company creation.

as you select your industry,select General Construction or general contractor.

construction company Process

Create inventory items from the top list menu items.

all items which are necessary for different phases. then create  phases, because your construction project will be divided into different phases.

like construction phase, electric phases sanitation phase . in creating Groups  provide items for each Group.

for example for construction phase or group Provide bricks, sand, iron , cements etc.

similarly how much group you want , can create in this way.

 


after creating different group.

click on Customer Menu 1st create new customer and select estimate or proposal, in proposal or estimate in the item option select Group like construction phase(group).

select all the group from the estimate items option.

No Need for sales order, directly create Invoice. as you select invoice from the customer Menu.

it will a message of Progress invoice .

you could select the percentage for on your customer agree with your company.

because in construction company customer will not pay the total amount,but percent of completion.

now receive amount from this customer and then you will again make another invoice for the remaining amount and again will receive the amount from the customer menu and receive payments option.

All other accounting procedure is same only creating of different phases is different in quick book.

payroll, Petty cash expense assets purchase , depreciation, accumulated Depreciation is same as in Distribution company.

 

here you should watch both the videos, writing materials and at the same time practice on your installed software.

i think there will be no further need of teacher, any way if needed our help  contact us and tell us about the issue where you are facing ,hopefully we will solve.

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Manufacturing Process of Accounting In Quick books https://freelearningcenter.com/manufacturing-company-process-quick-books/ https://freelearningcenter.com/manufacturing-company-process-quick-books/#respond Fri, 19 Aug 2016 19:29:44 +0000 http://freelearningcenter.com/?p=188 Manufacturing Process of Accounting In Quick books Accounting process for  manufacturing company in Quick books Create New company, in Select Industry click on Manufacturing option. further fill all the option as in distribution company. for Inventory items go to the list Menu on the top of dashboard and click on Items. as items list window …

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Manufacturing Process of Accounting In Quick books

Accounting process for  manufacturing company in Quick books Create New company,

in Select Industry click on Manufacturing option. further fill all the option as in distribution company.

for Inventory items go to the list Menu on the top of dashboard and click on Items.

as items list window open, from the right bottom click on items and new.

for detail watch in the video.create all  raw materials one by one.the final item will be created as Inventory assembly.

 

Manufacturing Company Process In Quick books

here you should provide bill of Material , this Mean all items one by one and Quantity needed for one conference table or for one item to produce.

the total Bill of Materials Cost will be cost of the product and put this amount in the cost option. No on hand quantity provide for this final Goods.

 

Now on the dashboard click on Build Assembly.

select the final item, which is Conference table, Provide How much Quantity to Build. 

To sale this items, create customer, Make Estimate (Quotation), sales Order, and Invoice then receipts the payments from the customer.

so the sales process and purchase of items from the supplier is same as distribution company,

the only difference is the creation of Products as Manufacturing of new Items.

from raw Materials is different.all other process of Accounting is same to the distribution company

 

In this video tutorials you can also watch all the steps one by one and then practice on the installed software at your system.

it is necessary that there is a need of 2 to 3 time practice for each video tutorials and also read the written materials it will increase your grip on quick books software.

we have provided complete solution in this website ,Now it totally depend on your effort how much time are giving to get equip your self with the skill in accounting software.

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