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Recommended Prerequisites:
QuickBooks Purchase Orders and Vendors - Level 1
or equivalent knowledge
Version:
QuickBooks Pro 2009 (Canadian Version)
Course length:
90 minutes
Cost:
$59.95 + GST
Materials:
Each course includes a step-by-step guide of the subjects taught to help students successfully implement what they learned.
QuickBooks Purchase Orders and Vendors - Level 2
In the second of three courses designed to instruct you in the many ways of working with QuickBooks vendor transactions, you will learn how to modify transactions, handle vendor credit notes, and enter prepayments to vendors.
Like QuickBooks Purchase Orders and Vendors - Level 1, this course expands your knowledge of the Vendor Centre. Included in this course is a lesson in how to correct posted cheques.
You will also learn how to apply early payment discounts, enter vendor credit notes, and enter prepayments to vendors. The section on credit notes shows you how to return purchased inventory after the bill has been entered, and how to return items for which you’ve entered an item receipt before the bill was entered. You will also review some of the Vendors & Payables and Purchases reports.
Learning Outcomes
Students who complete this course will know how to:
- Correct posted cheques
- Understand the difference between voiding and deleting cheques
- Apply early payment discounts when paying bills
- Enter vendor credit notes for returned inventory
- Enter prepayments to vendors
- Print various Vendors & Payables and Purchases reports
Why You Need This Course
This course teaches you more about the QuickBooks Vendor Centre and about handling specific transactions, like prepayments, discounts and credit notes. It also discusses the distinction between voiding and deleting cheques.
Vendors may offer you a discount for paying early for their product or service. If this is the case, you need to know how to record that discount properly when paying your bills. This course will show you how.
When you return merchandise the vendor may issue you a credit note instead of a refund. QuickBooks has a quick and easy process for recording vendor credit notes. You will learn about this process in this course.
Prepayments to vendors may be required, especially for new suppliers. Depending on the vendor, you may be asked to pay a portion of the invoice or the entire invoice. Either way, you need to set up QuickBooks to handle prepayments. This course will show you how to create all the necessary elements to properly track prepayments.
Disclaimer:
Since these courses do not deal directly with specific and individual requirements, it is recommended that students obtain the necessary advice from an accountant, employer, QuickBooks® ProAdvisor® or such other appropriate expert with regards to their specific requirements or guidelines.
