Paying Supplier Invoices Now it’s time to prepare the cheque for the Jammer Office Equipment invoices. Jenna would like one cheque, which pays both invoices. Her first cheque number will be 11000 and should be dated November 15. Print the cheque on plain paper. Fidelity Insurance will take the money out of AIS Solutions’ bank account automatically on November 5th. Enter the automatic payment of Bill#FI3298. Creating an Expense Cheque Now it’s time to enter the bills for the purchases that Jenna has made, and has already paid for. We are going to enter those as expense cheques. Jenna paid for them with the debit card from her business chequing account. Here are the details: Date Supplier Invoice # Purchased Expense HST/GST Total Invoice Account Taxable before HST/GST October 1 Blanset October October Rent Yes $2250.00/month Property Rent Rent Management November 2 Staples Nov02 Paper, Pens, Office Yes $92.89 Toner for Supplies Printer November 15 Intuit Canada IN7643 QBO Dues and Yes $19.99 Subscriptions November Enter the above transactions into QBO. Automating in QBO Create Recurring Customer Invoice Sarah Geller and Randall Wright were extremely happy with the bookkeeping services that Jenna has provided and have agreed to continue the use of AIS Solutions Bookkeeping Services. The fee is the same every month, so let’s set up a recurring invoice for them, so that it generates in QBO automatically on the 1st of every month with no end date.
Paying Supplier Invoices Now it’s time to prepare the cheque for the Jammer Office Equipment invoices. Jenna would like one cheque, which pays both invoices. Her first cheque number will be 11000 and should be dated November 15. Print the cheque on plain paper. Fidelity Insurance will take the money out of AIS Solutions’ bank account automatically on November 5th. Enter the automatic payment of Bill#FI3298. Creating an Expense Cheque Now it’s time to enter the bills for the purchases that Jenna has made, and has already paid for. We are going to enter those as expense cheques. Jenna paid for them with the debit card from her business chequing account. Here are the details: Date Supplier Invoice # Purchased Expense Account HST/GST Taxable Total Invoice before HST/GST October 1 Blanset Property Management October Rent October Rent Rent Yes $2250.00/month November 2 Staples Nov02 Paper, Pens, Toner for Printer Office Supplies Yes $92.89 November 15 Intuit Canada IN7643 QBO November Dues and Subscriptions Yes $19.99 Enter the above transactions into QBO. Automating in QBO Create Recurring Customer Invoice Sarah Geller and Randall Wright were extremely happy with the bookkeeping services that Jenna has provided and have agreed to continue the use of AIS Solutions Bookkeeping Services. The fee is the same every month, so let’s set up a recurring invoice for them, so that it generates in QBO automatically on the 1st of every month with no end date.
QBO-Post-Secondary-Workbook-2015-2016.docx