Customer, Accounts Receivable, or Revenue Cycle 1300 QuickBooks Online
Channel: Accounting Instruction, Help, & How To
Date: 28/12/2023

Customer, Accounts Receivable, or Revenue Cycle
QuickBooks Online
Playlist: https://www.youtube.com/playlist?list=PL60SIT917rv5m-YZceWn1D5iwIm1JWGDR
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05:00 - Overview of various accounting cycles and their complexities. The speaker breaks down different types of accounting processes, from simple cash-based systems to more complex electronic transactions.

07:30 - Examination of cash-based systems in accounting, specifically dealing with cash registers and credit card payments. The speaker explains the process of recording transactions at the point of sale.

10:00 - Introduction to the accrual-based method, using invoices and possibly estimates in job cost systems. The speaker discusses how businesses bill their clients and track accounts receivable.

12:30 - Further details on the accrual-based method, focusing on receiving payments and the role of the clearing account. The speaker explains the complexities involved in grouping transactions for bank deposits.

15:00 - Conclusion of the presentation, with a brief mention of future topics like refund receipts, delayed credits, and other forms used in accounting. The speaker hints at the subjects to be covered in upcoming sessions.