Episode 15: Receiving Customer Payments




Full Contact Accounting - Audio Edition show

Summary: After the last 2 episodes you should have a good idea of how to create invoices to your customers.  The next step is to get paid!  The "Receive Payments" procedure in QuickBooks is pretty straightforward but there are several different possibilities to think about.  The customer can either pay the exact amount that they owe, they can give you an overpayment or an underpayment.  I briefly demonstrate each of these scenarios so you can see what happens with each one.  As always, please leave any questions about this episode in the comments section below. I also mention my new email newsletter signup that is available on the home page.  As a "thank you" for signing up you will get an e-book that I put together called the "Accounting Primer:  All the Accounting You Need To Know".