QuickBooks: Advanced Bookkeeping Techniques

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Master tricky income, expense, and banking transactions in QuickBooks with these tips and techniques from Bonnie Biafore. First, learn best practices for categorizing and analyzing data, so you can get a better financial picture of the business. Then discover how to work with customer deposits, prepayments, and credits and refunds. You'll also learn how to correct misapplied payments and explore the opposite side of the "coin": special expenses such as vendor deposits and refunds. Find out how to track special income such as consignments and trades. Bonnie also shows viewers how to handle bounced checks—to and from customers and vendors—as well as troubleshoot bank reconciliations and uncleared transactions.

Topics include:

• Examining profit and overhead
  
• Categorizing customers, jobs, and vendors
  
• Recording customer prepayments, credits, and refunds
  
• Selling consignment goods
  
• Bartering
  
• Handling vendor deposits, credits, and refunds
  
• Converting checks into bill payments
  
• Handling bounced checks
  
• Troubleshooting bank reconciliations