Vendor, Expense, Purchases, Pay, or AP Cycle 1140 QuickBooks Online
Channel: Accounting Instruction, Help, & How To
Date: 2023-12-24

Vendor, Expense, Purchases, Pay, or AP Cycle
QuickBooks Online
Playlist: https://www.youtube.com/playlist?list=PL60SIT917rv5m-YZceWn1D5iwIm1JWGDR
🌟 Welcome to our deep dive into QuickBooks Online 2024! 📊 Whether you're a business owner, a new accountant, or just looking to manage your finances, our step-by-step guide will empower you with the knowledge to navigate QuickBooks like a pro. 🚀

🎬 In this tutorial, we'll be your financial compass, helping you understand vendor expenses, accounts payable cycles, and the nuances of QuickBooks Online. No robots here – just clear, actionable advice! 🤓✨

🛠️ From setting up your test drive to exploring the balance sheet reports, we cover it all. Our focus is on making sure you intuit the process – pun intended! – and get comfortable with the software's interface. 💻🔍

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📝 We'll walk you through each step of the vendor cycle, from cash-based systems to accruals, ensuring you understand how to manage and record transactions effectively. 🔄💲

👩‍💼 By the end of this video, you'll be able to set up your system efficiently, reconcile accounts with confidence, and communicate seamlessly with vendors and customers. Your financial statements will thank you! 📑🤗
04:15 - Discussion on the easiest systems for vendor cycle management, such as cash-based systems and electronic transfers.
08:30 - Explanation of more complex vendor cycles, including the use of bill forms to increase accounts payable.
12:45 - Detailed overview of various forms used in QuickBooks Online, including expense forms, check forms, and bill forms.
17:00 - Discussion on the specifics of bill forms, pay bills, purchase orders, and vendor credits.
21:30 - Final remarks on analyzing journal entries and their impact on financial statements in QuickBooks Online.