Presentation is loading. Please wait.

Presentation is loading. Please wait.

Chapter 5 Customers and Sales

Published byPamela Mitchell Modified over 6 years ago

Similar presentations

Presentation on theme: "Chapter 5 Customers and Sales"— Presentation transcript:

1 Chapter 5 Customers and Sales
Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

2 Chapter 5 The Customers page manages your customer list and transactions. On the Customers page, you can: View and update a complete list of your customers and their contact information. Add notes to any customer record. Search for a customer by name, company, open balance, or overdue balance. Track existing customer transactions, including overdue status. Create new customer transactions. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

3 QBO Tips To make sure you are starting in the correct place in the data, display the Expense and Sales transactions, and the November 12, 20XX Trial Balance. The Customer Contact List shows customers that QB Cloud sells products to on account, meaning credit transactions or accounts receivable transactions. Accounts receivable are what customers owe your business. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

4 Files Saved in Chapter 5 The chart shows the PDF and Excel files saved in Chapter 5. Files can be saved to a USB flash drive, hard-drive location, network, or external media. To identify your file, you could add your name at the end of the suggested file name. PDF & Excel Page Chapter 5_Customer Contact List 207 Chapter 5_Products and Services List 225 Chapter 5_Journal 229 Chapter 5_Transaction Detail by Account 231 Chapter 5_Trial Balance 232 Chapter 5_Inventory Valuation Summary 234 Chapter 5_Vendor Balance Summary 235 Chapter 5_AP Aging Summary 236 Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

5 Files Saved in Chapter 5 (concluded)
PDF & Excel Page Chapter 5_Profit and Loss 237 Chapter 5_Balance Sheet 239 Chapter 5_Statement of Cash Flows 240 Exercise 5-2_Vendor Balance Summary 248 Exercise 5-2_AP Aging Summary Exercise 5-2_Customer Contact List Exercise 5-2_Journal Exercise 5-2_Transaction Detail by Account Exercise 5-2_Trial Balance Exercise 5-2_Inventory Valuation Summary Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

6 Files Saved in Chapter 5 (concluded)
PDF & Excel Page Exercise 5-2_Customer Balance Summary 248 Exercise 5-2_AR Aging Summary Exercise 5-2_Profit and Loss Exercise 5-2_Balance Sheet Exercise 5-2_Statement of Cash Flows Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

7 Customer Settings or Preferences
Before adding customers, verify these settings. Gear > Account and Settings > Advanced. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

8 Customer Preferences (concluded)
Gear > Accounts and Settings > Sales Sales settings. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

9 Customer Contact List In Chapter 5, these customers are added. The two additional customers added in Exercise 5-1 are not shown. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

10 Customer Invoice When 5 data storage products are sold on account, an Invoice is used. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

11 Credit Memo When a customer returns merchandise, a Credit Memo is used. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

12 Accounts Receivable and A/R Aging Summary
Account 105 Accounts Receivable (A/R) shows the same balance as the A/R Aging Summary total. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

13 Customer Payment When a customer sends their payment for inventory sold on account, use Receive Payment. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

14 Online Learning Center
Go online to for additional resources. Link to Student Edition, then select Chapter 5. The Online Learning Center includes: Glossary Multiple-Choice Questions True or False Questions Analysis Questions Check Your Progress Going to the Net Narrated PowerPoints Problem Solving Videos Copyright ©2018 by McGraw-Hill Education. All rights reserved.

15 Videos Watch the Create an Invoice video.
Watch a RadioFreeQB video of interest. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

16 Going to the Net Go to the QuickBooks blog . What are the QuickBooks Blog selections and links on its Home page? Make a selection, then read an article of interest. Describe each section of the Home page. Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

17 Analysis Questions What is the account distribution for the 11/15/20XX sale on account of 5 data storage products to eBiz for a total of $150, Invoice 1007? What is the account distribution for selling one web server for cash, $400, Sales Receipt 1013 on 11/30/20XX? Copyright ©2018 by McGraw-Hill Education. All rights reserved. Copyright ©2017 by McGraw-Hill Education. All rights reserved

Download ppt "Chapter 5 Customers and Sales"

Similar presentations

Chapter 12: Vendors & Purchases

Chapter 12: Vendors & Purchases
Chapter 2: Vendors McGraw-Hill/Irwin

Chapter 2: Vendors McGraw-Hill/Irwin
Chapter 16: Customizing Forms Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

Chapter 16: Customizing Forms Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Chapter 12: Customers & Sales Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

Chapter 12: Customers & Sales Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Chapter 11: Vendors & Purchases Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

Chapter 11: Vendors & Purchases Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Chapter 1 Introduction to Bellwether Garden Supply Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

Chapter 1 Introduction to Bellwether Garden Supply Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Chapter 11: Vendors & Purchases. ©2008 The McGraw-Hill Companies, Inc. 2 of 54 Vendors & Purchases Chapter 11 begins Part 3 of the book: Peachtree Complete.

Chapter 11: Vendors & Purchases. ©2008 The McGraw-Hill Companies, Inc. 2 of 54 Vendors & Purchases Chapter 11 begins Part 3 of the book: Peachtree Complete.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 10.

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 10.
Chapter 3: Customers Chapter 3: Customers McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.

Chapter 3: Customers Chapter 3: Customers McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 4 Working with Inventory, Vendors, and Customers Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution.

Chapter 4 Working with Inventory, Vendors, and Customers Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution.
Chapter 12: Accounts Receivable. ©The McGraw-Hill Companies, Inc. 2 of 46 Accounts Receivable In Chapter 11, you learned how to use Peachtree’s Purchases/Receive.

Chapter 12: Accounts Receivable. ©The McGraw-Hill Companies, Inc. 2 of 46 Accounts Receivable In Chapter 11, you learned how to use Peachtree’s Purchases/Receive.
Chapter 2: Vendors Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Chapter 2: Vendors Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 1 Introduction to Bellwether Garden Supply Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without.

Chapter 1 Introduction to Bellwether Garden Supply Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without.
Chapter 3 New Company Setup for a Merchandising Business Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution.

Chapter 3 New Company Setup for a Merchandising Business Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution.
Chapter 12: Accounts Receivable. ©The McGraw-Hill Companies, Inc., 2004 3 of 48 Accounts Receivable In Chapter 11, you learned how to use Peachtree’s.

Chapter 12: Accounts Receivable. ©The McGraw-Hill Companies, Inc., of 48 Accounts Receivable In Chapter 11, you learned how to use Peachtree’s.
CHAPTER 4. CHAPTER 4 OVERVIEW  Customer List  Cash Sales  Credit Sales  Make Deposit  Customer Reports COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009.

CHAPTER 4. CHAPTER 4 OVERVIEW  Customer List  Cash Sales  Credit Sales  Make Deposit  Customer Reports COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009.
CHAPTER 10.

CHAPTER 10.
Chapter 5 Accounting Cycle and Year End Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior.

Chapter 5 Accounting Cycle and Year End Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior.
Chapter 10: Maintaining Accounting Records for Service Businesses Chapter 10: Maintaining Accounting Records for Service Businesses Copyright © 2014 by.

Chapter 10: Maintaining Accounting Records for Service Businesses Chapter 10: Maintaining Accounting Records for Service Businesses Copyright © 2014 by.
Chapter 12: Vendors & Purchases Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written.

Chapter 12: Vendors & Purchases Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written.

Similar presentations

Ads by Google