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Mastering QuickBooks 2020

You're reading from   Mastering QuickBooks 2020 The ultimate guide to bookkeeping and QuickBooks Online

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Product type Paperback
Published in Dec 2019
Publisher Packt
ISBN-13 9781789955101
Length 332 pages
Edition 1st Edition
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Author (1):
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Crystalynn Shelton Crystalynn Shelton
Author Profile Icon Crystalynn Shelton
Crystalynn Shelton
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Table of Contents (19) Chapters Close

Preface 1. Getting Started with QuickBooks Online FREE CHAPTER 2. Company File Setup 3. Migrating to QuickBooks Online 4. Customizing QuickBooks for Your Business 5. Managing Customers, Vendors, Products, and Services 6. Recording Sales Transactions in QuickBooks Online 7. Recording Expenses in QuickBooks Online 8. Managing Downloaded Bank and Credit Card Transactions 9. Report Center Overview 10. Business Overview Reports 11. Customer Sales Reports in QuickBooks Online 12. Vendor and Expenses Reports 13. Managing Payroll in QuickBooks Online 14. Managing 1099 Contractors in QuickBooks Online 15. Closing the Books in QuickBooks Online 16. Handling Special Transactions in QuickBooks Online 17. Shortcuts and Test Drive 18. Other Books You May Enjoy

Understanding delayed charges and credits

Delayed charges and credits are used to keep track of services that are provided to customers so that you can bill them sometime in the future. For example, if someone provides weekly pool maintenance to customers but does not want to bill them until the end of the month, delayed charges is ideal for keeping track of the services that are provided each week. These weekly services can easily be added to an invoice when it's time to bill the customer.

Follow these steps to record delayed charges:

  1. Click on the Quick create button and select Delayed charge, as shown in the following screenshot:

  1. Fill in the necessary fields to record the delayed charge, as shown in the following screenshot:

A brief description of the fields to fill in is as follows:

  • Customer: Select the customer from the drop-down menu.
  • Delayed charge...
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