QuickBooks Online Vendor Discounts And Terms
This Learn QuickBooks Online video training tutorial will show how to set up QuickBooks Online to be able to record all kinds of vendor discounts. A vendor could give a discount for several reasons. We could receive an βearly payβ discount that would involve using vendor terms from the terms list to calculate and apply the vendor discount to a bill at the moment we make the bill payment. We would only get this discount type if we paid the bill with the vendor terms by the discount date stated on the bill. We can track vendor discounts sin a separate account and see the result on the profit and loss statement.
This QuickBooks YouTube Playlist will show you every advanced topic in QuickBooks Online. If you know QBO basics, you can follow every video in this playlist step-by-step and become an expert in QuickBooks Online. Every advanced type of transaction or challenging QuickBooks online situation will be addressed in this learn QuickBooks Online training video tutorial instruction series. There is a QuickBooks solution to every QuickBooks problem and an answer to every QuickBooks question. This playlist is the best QuickBooks help there is.
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β‘Follow us on social media:
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Mark Smolen is a certified instructor and the creator of the QuickBooks Instructional YouTube Channel and Website.
β‘Get In Touch Today
Have a question or need help with your QuickBooks Instructional Course? Contact Mark directly.
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#quickbooksonlinediscounts #quickbooksvendordiscounts #quickbooksonlineterms
This Learn QuickBooks Online video training tutorial will show how to set up QuickBooks Online to be able to record all kinds of vendor discounts. A vendor could give a discount for several reasons. We could receive an βearly payβ discount that would involve using vendor terms from the terms list to calculate and apply the vendor discount to a bill at the moment we make the bill payment. We would only get this discount type if we paid the bill with the vendor terms by the discount date stated on the bill. We can track vendor discounts sin a separate account and see the result on the profit and loss statement.
This QuickBooks YouTube Playlist will show you every advanced topic in QuickBooks Online. If you know QBO basics, you can follow every video in this playlist step-by-step and become an expert in QuickBooks Online. Every advanced type of transaction or challenging QuickBooks online situation will be addressed in this learn QuickBooks Online training video tutorial instruction series. There is a QuickBooks solution to every QuickBooks problem and an answer to every QuickBooks question. This playlist is the best QuickBooks help there is.
πSubscribe for more videos:
http://bit.ly/thequickbooksdude
Other Related Videos π
Learn QuickBooks And Master QuickBooks Online
https://www.youtube.com/watch?v=77l9k8Z7D5s&list=PLqRhgBZfJuE746B26qI9A0IO9EJXSvE1e
Learn QuickBooks Online Bank Feeds
https://www.youtube.com/watch?v=3ocpiJb63ws&list=PLqRhgBZfJuE44eRPWZUUPILOKcuteCR_M
Learn Quickbooks Online Phone App
https://www.youtube.com/watch?v=fwqr2aOl_vw&list=PLqRhgBZfJuE6k8TSavw_NjOkIl9vRBb6W
β‘Follow us on social media:
https://www.facebook.com/certifiedquickbookstraining
https://www.facebook.com/QuickbooksForLandlords
Mark Smolen is a certified instructor and the creator of the QuickBooks Instructional YouTube Channel and Website.
β‘Get In Touch Today
Have a question or need help with your QuickBooks Instructional Course? Contact Mark directly.
https://marksmolen.com
https://quickbooksforlandlords.net
#quickbooksonlinediscounts #quickbooksvendordiscounts #quickbooksonlineterms
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Pinned comment.
Hello my QuickBooks Online studying students. I made this QuickBooks help video to show how to set up and record discounts that vendors give us. We can track vendor discounts in a separate account and choose the terms from the terms list if the discount we get is an βearly payβ discount. This will affect our profit and loss if we pay the bill with the terms by the discount date.
Iβm here if you have any questions. You can ask them right here.
I hope you βlikeβ it and if it helps you, I hope you will subscribe.
-Mark
Very helpful!! It makes it really simple. Thank you!
Hope you don't mind me to ask, can I record a vendor discount like a vendor credit? And then apply the vendor credit to the bill?
I'm very new to QuickBooks and this video's very helpful. thank you!