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Aaron Woolley

Aaron Woolley

Receiving Payments & Making Deposits, Part 1

Slide Duration:

Table of Contents

I. Introduction
Bookkeeping Basics

10m 25s

Intro
0:00
The Accounting Equation
0:10
Assets
1:15
Liability
2:19
Equity
3:11
Debit vs. Credit
4:10
T Account
4:40
How Your Bank Treats Your Account
5:02
Your Books
6:08
Chart of Accounts
7:15
Balance Sheet Accounts: Assets
7:25
Balance Sheet Accounts: Liability
7:40
Balance Sheet Accounts: Equity
8:22
Income Statement Accounts
9:03
Income
9:06
Expenses
9:26
Net Income
9:48
Getting Started

16m 34s

Intro
0:00
Using Forms
0:13
How to Edit Customer Form
1:06
How to Edit Vendor Form
1:37
Using Lists
2:34
Customer Lists
2:39
Vendor Lists
2:47
Employees Lists
2:59
Using Registers
3:16
Check Register
3:22
Chart of Accounts
3:40
How to Use Register
6:27
Getting Around QuickBooks
7:54
Navigating Through the Home Screen
8:08
Managing Employees
9:59
Managing Open Windows
11:23
The Menu Bar
12:02
The Icon Bar
12:28
QuickBooks Centers
12:50
Customers, Vendors, Employees Center
12:53
Banking Center
13:06
Report Center
13:38
Lead Center
13:46
Search Information
14:17
How to Search for Information on a Customer
14:28
The Homepage & Workflow
15:12
The Chart of Accounts: Assets, Liabilities, Equity
15:37
How to Access Chart of Accounts
15:45
Setting Up QuickBooks

20m 51s

Intro
0:00
The Express Start
0:23
Create New Company
0:49
Entering Company Information
0:55
Enter Business Contact
2:24
Preferences
4:16
Adding Contacts
4:22
Adding Products and Services
4:28
Adding Bank Accounts
5:26
Review the Chart of Accounts and Customize
6:10
Check Chart of Accounts Set Up
6:48
How to Add To Chart of Accounts
7:20
Entering Bank Accounts and Opening Balances
8:00
Edit New Bank Accounts
8:28
Add New Bank Accounts
8:52
How To Open Balance
9:58
Adding Customers
10:27
How to Add New Customers
11:05
Adding a Job
12:33
Add New Job For Customer
12:50
Adding Vendors
15:01
Access Vendor Center
15:17
Add New Vendor
15:33
Adding Additional Accounts
16:33
Adding New Accounts in Chart of Accounts
16:53
Adding Items (Products & Services)
18:06
Add New Item to Sell
18:45
II. Working With Lists
Working With Lists, Part 1

31m 24s

Intro
0:00
Editing The Chart of Accounts
1:08
Edit Account
5:10
Adding Subaccounts
6:17
New Subaccount
7:50
Working with Customers & Job Lists
11:32
Add new customer
13:25
Providing Additional Customer Information
17:50
Providing Customer Payment Information
22:10
Working with the Vendor Center
24:08
Add new vendor
25:50
Providing Additional Vendor Information
28:28
Working With Lists, Part 2

46m 1s

Intro
0:00
Working with the Employee Center
0:24
Add new employee
2:01
Add contact information
4:02
Additional employee information
5:31
Employment information
6:26
Adding Custom Fields for Customers, Vendors, Employee List
7:28
How Many Lists You Can Add And For Who
8:46
How to Add Customer List
9:35
Define Fields
10:37
Adding Custom Fields for Items
13:26
Open Item List and Edit
14:15
Define Fields/ Setup Custom Fields For Items
15:54
Managing Lists
17:01
Ways to Sort Lists
17:14
Add Items to Chart of Accounts
17:32
Add Owner's Equity, Draw, and Contribution under Equity Account
17:59
Sorting Lists Manually
19:31
Making Sub Accounts
20:35
Sorting Lists
23:26
Sorting Lists in Ascending or Descending Order
23:54
Sort by Name, Balance, etc., Ascending or Descending
24:26
Merging List Items
26:08
Merging Vendor Example
26:53
Renaming List Items
28:55
Renaming Item Example: Checking Account
29:13
Deleting List Items
29:56
Deleting Customer Example
31:19
Viewing Inactive and Active Customers
32:32
Printing a List
33:26
Printing Customer List
33:58
Printing for Just One Customer
34:40
Print Particular Info for One Customer
35:08
Adding or Editing Multiple Items at One Time
37:04
Example: Changing a Zip code
37:39
Working with the Lead Center
41:43
Finding the Lead Center
42:09
Add New Leads
43:05
Add Multiple Contacts to Lead Center
44:34
Convert a Lead to a Customer
45:16
III. Accounts
Working With Bank Accounts

29m 11s

Intro
0:00
Writing a QuickBooks Check
0:30
Amount field
3:59
Other fields
5:27
Print check
7:00
Using Bank Account Register
7:40
Entering a Handwritten Check
9:45
Transferring Money Between Accounts
16:33
Funds Transfer Option
17:24
Transfer with Check Register
19:18
Marking Cleared Transactions
20:57
Bank Statement
23:31
Reconciliation Summary
26:11
Viewing Cleared Checks in the Register
27:05
Searching for Specific Check Amount
27:40
Using Other Accounts in QuickBooks

13m 25s

Intro
0:00
Other Account Types in QuickBooks
0:36
Tracking Credit Card Transactions - Entering Credit Card Charges
0:58
Reconciling Credit Card Statement
3:52
Reconcile Credit Card
5:00
Marking Cleared Transactions
5:57
Paying a Credit Card Bill
8:11
Entering Bills
8:34
Writing a Check
10:15
Using Other Accounts: Assets & Liabilities

30m 16s

Intro
0:00
Working with Asset Accounts: Setting up an Asset Account
1:24
Add New Account
2:30
Enter Opening Balance
4:34
Setup Asset Account to Track Depreciation
7:33
Add Subaccounts: Cost & Depreciation
10:32
Enter in Depreciation of Transactions
13:01
Working with Liability Accounts: Tracking a Loan / Long Term Liability
15:39
Add Long Term Liability / Loan Account
17:09
Tracking Fixed Assets
20:29
Add New Asset
21:36
Recording a Payment on a Loan
24:23
Understanding Equity Accounts
27:03
Add New Equity Account
29:20
IV. Sales Information
Entering Sales Information, Part 1

24m 23s

Intro
0:00
Using Sales Forms - Various Types of Sales Forms
0:07
Invoice Overview
0:56
Sales Receipt Overview
3:09
Generate Statement
4:38
Choosing a Template for Sales Forms
6:00
Filling in Customer Information
7:54
Create an Invoice
8:04
Invoice in Accounts Receivable Ledger
10:28
Repeating a Sale - Memorized Transactions
11:36
Memorize Invoice
12:52
Memorized Transaction List
14:01
Batch Invoices
14:55
Create Batch Invoice
15:21
Entering a New Service Item
20:13
Add new service
21:25
Entering Sales Information, Part 2

12m 33s

Intro
0:00
Using Multiple Price Levels - Create New Price Level
0:07
Create Price Level List
1:49
Associating Price Level with Customers
4:27
Edit Customer
5:53
Using Price Levels on Sales Forms
7:09
Choose Rate
8:56
Assigning Price Levels To Individual Line Items
10:38
Entering Sales Information, Part 3

22m 33s

Intro
0:00
Managing Overdue Customer Payments - Using the Collections Center
0:21
Collections Center
0:39
Create Invoice Letters
2:00
Prepare an Invoice Letter
3:09
Generating Reminder Statements
7:32
Assess Finance Charges
9:14
Preview Statement
9:42
Processing Sales Orders - Invoices Against Sales Orders
10:28
Open Sales Orders by Item
12:04
Create an Invoice
13:24
Tracking Back Orders
14:36
Create Invoice from Sales Order
16:37
Receiving Items
18:21
Check Item List / Inventory
19:22
Create Sales Order
19:58
V. Payments & Deposits
Receiving Payments & Making Deposits, Part 1

12m 40s

Intro
0:00
Recording Customer Payments - Record a Payment in Full for a Single Job
0:20
Receive Payments
0:40
Undeposited Funds Account
2:25
Entering a Partial Payment
3:42
Assign Payment
6:36
Applying One Payment to Multiple Jobs
8:10
Entering Overpayments
9:44
Leave or Refund Amount
10:51
Issue a Refund
11:28
Receiving Payments & Making Deposits, Part 2

15m 8s

Intro
0:00
Handling Down Payments or Pre-payments
0:07
Apply Credits
4:30
Making Deposits - Selecting Payments to Deposit
5:58
Payments to Deposit
6:26
Make Deposit
8:02
How QuickBooks Handles the Deposit
10:16
Entering & Paying Bills

22m 1s

Intro
0:00
Handling Bills in QuickBooks
0:23
Using QuickBooks for Accounts Payable
2:24
How to Bring up the Accounts Payable Register
3:04
Entering Bills
4:03
Enter New Bill
4:30
Add Vendor to List
6:29
See the Balance
8:48
Paying Bills
11:17
Turning on Reminder List
11:49
How to Pay a Bill
13:34
How to Print the Checks
16:21
How QuickBooks Records Your Bill Payment
17:08
How to See Your Checking Account / Bill Payment Check
18:38
VI. Analyzing Financial Data
Analyzing Financial Data, Part 1

11m 42s

Intro
0:00
Understanding Your Business Using Reports
0:11
When to Use a Quick Report
2:41
Creating Quick Reports
3:05
How to Look at Details for Quick Reports
4:05
Zoom In on a Quick Report
5:19
What You See When You Zoom In On An Item
6:06
Customizing Quick Reports
6:53
How to Customize A Report
7:28
How to Add Transaction Number to QuickReport
7:57
How to Move Columns Around
8:14
How to Change Header
9:42
Analyzing Financial Data: Create & Customize Preset Reports

29m 26s

Intro
0:00
Creating and Customizing Preset Reports
0:35
Company & Financial
0:54
Customers & Receivables
1:04
Sales
1:53
Jobs, Time & Mileage
1:55
Vendors & Payables
2:35
Purchases
2:45
Inventory
3:06
Employees & Payroll
3:22
Banking, Accountant & Taxes, Budgets & Forecasts
3:43
Lists
3:49
Industry Specifics
3:54
Using the Report Center
4:37
Categories of Standard Reports Available
5:15
Creating a Balance Sheet Comparison Report
7:29
Filtering Reports
9:50
Customize Report
10:20
Saving Reports in PDF Format
13:58
Creating and Customizing a Sales Report
15:24
How to Change the Date to a Custom Date
16:30
Using Quickzoom in a Preset Report
17:49
What is Quickzoom?
17:55
How to Zoom
18:19
Widening and Narrowing Reports
19:59
Saving Report Settings and Creating Memorized Report Groups
20:50
What are Memorized Reports and What Are They Used For
21:04
Memorized Reports List
21:43
How to Create A New Memorized Report
22:19
Memorizing Preset Reports
22:48
Saving Report
24:14
Adding Reports to Memorized Report Groups
24:42
Adding Reports
26:49
How to Display Reports
28:50
Analyzing Financial Data: Printing, Exporting, and Quickinsight Graphs

30m 12s

Intro
0:00
Printing Reports
0:17
Preview Before Printing
2:34
Processing Reports in Groups
3:38
How to Run Reports in Groups
4:51
How to Display All Reports in a Group
6:09
Exporting Reports to Microsoft Excel
7:15
Purpose of Why People Export To Excel
7:48
Sending the Report to Excel
9:13
Formatting Options
12:08
Changing Filters
14:30
Choosing and Changing Different Filters
16:30
Creating Quickinsight Graphs
17:51
Creating an Income and Expense Graph
18:41
How to Create the Graph
19:46
How to Read the Pie Chart
20:05
Customizing Graph Data
24:16
Choosing by Customer Instead of Account
24:50
Using Quickzoom with Graphs
25:10
How to Zoom on a Particular Customer
26:15
Customizing How Graphs Display
28:31
How to Change Graph Into 2D
29:03
VII. Inventory
Setting Up Inventory

23m 51s

Intro
0:00
Turn On Inventory Feature
0:43
Enter Products Into Inventory
1:44
Entering Product Through Vendor Menu
2:07
Add New Item
2:43
Reordering Item and Reminders
6:00
Ordering Products/ Creating P.O's
7:02
How to Create Purchase Orders
8:05
Look Up Outstanding Orders
10:46
Getting a Report of Purchase Orders
11:34
Choose and Open Quick Reports
12:48
Receiving Inventory
13:47
Receiving Inventory Without an Invoice
14:13
Reviewing the Inventory List
15:38
Entering a Bill for Inventory
15:59
Entering Bill for Received Items
16:45
Manually Adjusting Inventory
18:31
How to Get to the Adjust Quantity On Hand Page
19:16
Add New Account
20:23
Check and Review Inventory List
22:59
Inventory: Tracking Finished Goods

22m 10s

Intro
0:00
Use Group Items or Create Inventory Assets?
1:57
Tracking Items Through Group Items
3:02
Using Inventory Assembly
3:42
What is a Bill Point?
4:58
Setting a Default Markup
6:16
Adding a Basic Mark Up
6:31
Add a Labor Item to Use in Assemblies
7:26
How to Add New Labor Item in Assembly
7:53
Creating Inventory Assembly Items
9:54
Adding New Assembly Item to Inventory
10:40
Adding in Assembly Labor
14:22
Editing the List
14:53
Building Finished Goods
16:05
Changing Sales Price
16:48
How to Build Assemblies
17:51
Understanding the Effects of Building Items
19:24
Run Report to Generate Item List
20:24
Inventory: Units of Measure

13m 14s

Intro
0:00
Setup Single Unit of Measure
2:12
How to Edit Unit of Measure on an Item
3:18
Setup Multiple Units of Measure
5:32
Setting up Preferences to Multiple Units of Measure Per Item
6:13
How to Edit Multiple Units of Measure on an Item
6:49
Assign Units of Measure to Items
8:44
Edit Items to Assign UN Set
9:01
Assign Measure Sets
9:42
Open Purchase Order and Select Unit of Measure
10:41
Use Units of Measure on Sales Forms
12:47
VIII. Tax
Tracking and Paying Sales Tax

21m 41s

Intro
0:00
Setup Tax Rates & Agencies
0:44
Setting Up Sales Tax Code List
0:55
How to Set up Tax Rate for Example City
3:26
Add New Item to Item List
3:46
Checking and Editing Item Through Vendor Center
7:20
Grouping Single Taxes
7:50
Why Taxes are Grouped
8:05
Creating New Sales Tax Group
8:59
Choose Tax Item to Add Into Group
9:51
Indicate Who and What Gets Taxed
10:45
Add New Customer To Assign Tax To
11:06
Invoicing Customer
13:03
Apply Tax to Sales
14:30
Editing Item and Choosing Tax Rate
14:53
Create a Sales Tax Liability Report
15:26
File Sales Tax Return/ Creating Liability Report
15:40
Use the Sales Tax Register
18:14
How to Read the Sales Tax Payable
18:35
Paying Your Tax Agencies
19:34
How to Pay Sales Tax
19:52
Choosing Which Items to Pay For
20:21
Print Checks
21:06
IX. Payroll & Invoice
Payroll Basics

17m 56s

Intro
0:00
Setup Payroll Items
0:54
Add to Subscription
1:07
Add Employee
2:26
Creating and Adding Personal Information
3:41
Adding Payroll/Compensation Information
4:43
Setup Taxes
6:27
Make a Payroll
8:36
Start a Scheduled Payroll
9:49
How to Edit Each Employee's Payroll Summary
10:30
Custom Items on Payroll
12:12
Print Payroll Checks
14:36
Print Later
14:39
Pay Payroll Liabilities
14:49
Forward Taxes to Authorities
15:06
Generate/Sending Check
15:46
IX. Payroll, & Invoice
Estimating & Progress Invoicing

14m 29s

Intro
0:00
Turning On Estimates and Progress Invoicing
0:21
Create a Job
1:30
Adding new job
2:22
Create an Estimate
5:14
Printing Estimate
7:56
Create Progress Billing
8:22
Invoice Estimate
8:32
Run Report: Job Progress Invoice vs. Estimate
10:46
Update Progress on Job Status
12:25
Edit Job Status
12:34
Make an Estimate Inactive
13:20
X. Time Tracking
Time Tracking

17m 16s

Intro
0:00
Turn on Time Tracking
0:23
Entering Time Data
1:27
How to Enter Time for Labor Per Job
2:45
How to Start Time Ticker While On Job
4:22
Recording Employee Time on a Weekly Timesheet
5:40
Use Weekly Timesheet
6:17
Enter Reimbursement Costs
7:59
Write the Check
8:38
Invoice a Customer for Time and Costs
10:19
Create an Invoice
10:33
Invoice for Time for Labor
11:54
Reports: Time by Job Reports
13:13
Paying Non Employees for Time Worked
14:27
Using Time Sheet & Jobs
16:37
XI. Customizing Forms & Writing QuickBooks Letters
Customizing Forms and Writing QuickBooks Letters

13m 43s

Intro
0:00
Customizing Invoices
0:10
Create Invoice
0:34
Customize Invoice
1:10
Downloading New Layouts
2:50
Create New Design
3:10
Designing Custom Layouts for Forms
5:11
Layout Designer
7:08
Using QuickBooks Letters
9:56
Create an Invoice Letter
10:22
Collection Center
11:49
Email From Collection Center
12:31
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Receiving Payments & Making Deposits, Part 1

Lecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.

  • Intro 0:00
  • Recording Customer Payments - Record a Payment in Full for a Single Job 0:20
    • Receive Payments
    • Undeposited Funds Account
  • Entering a Partial Payment 3:42
    • Assign Payment
  • Applying One Payment to Multiple Jobs 8:10
  • Entering Overpayments 9:44
    • Leave or Refund Amount
    • Issue a Refund

Transcription: Receiving Payments & Making Deposits, Part 1

Welcome back to Educator.com.0000

This is QuickBooks lesson: receiving payments and making deposits.0002

One of the greatest things about business is receiving money from our customers.0008

And we are going to go ahead and show you how to record customer payments and record a payment in full for a single job.0011

The first thing that we are going to do is we are going to show you how to record that payment that our customer gives us,0020

which is the greatest thing on earth- receiving money, and that is what we are in business for.0029

The first thing we want to do is we want to do is we want to go ahead and open up our Customer menu so we can actually look at our Customer Center.0034

Or from the Customer menu, we can say Receive payments.0042

Receive payments comes up in the window, and the first individual we are going to go ahead and receive money from is, let's say, Violet Mike.0047

And we are going to choose the job Workshop.0057

We notice that there is an amount due there, and the amount that we are going to receive from him is in full for that particular job.0062

And the amount due is 4732.23 is the amount of the check that we received from Mr. Mike Violet. The payment method, we are going to choose Check.0069

As you notice, there are a variety of methods that we can receive money from.0084

We can actually receive credit cards, and there are also online payments, as well, but that is at a much later lesson.0088

So, we are going to choose check. The check number that we are going to put in here for that check is 6745, and we will hit tab.0099

We can also put in a memo that this is payment in full and hit tab. Notice that when we put in the amount, it automatically checks the open invoice.0110

If we had multiple invoices, it would check the latest or the oldest invoice first and so forth.0125

So, we will go ahead and show you that a little bit later, but this is how we have it.0132

We have that the check is being applied in full to this particular invoice, and at this point in time, we can say Save and new.0136

Now, notice that what happens in the transaction in QuickBooks is when we receive that,0146

it is going to debit an account called Undeposited Funds because we have not assigned it a bank account yet.0152

So, it goes ahead and creates this Undeposited Funds account, and it credits that receivable invoice.0161

If we wanted to look at things, we can pull down our Lists and look at Chart of Accounts.0167

And we would notice that there is an Undeposited Funds area here in Account.0173

It is just a holding account until we assign those funds a deposit in a particular bank account.0178

If we have multiple bank accounts, then, we have a payroll account. Maybe we have an operating account or other bank accounts.0184

We can actually deposit those funds into multiple different various accounts.0191

So, it holds the money in Undeposited account, and we will go ahead and show you how to make deposits a little bit later.0195

But, just notice that, that it does put in the deposit that we just made of 4732.23 into this holding account called Undeposited Funds.0203

And it credits the accounts receivable account lowering the amount of what our customers owe us.0212

Now that we have learned how to record a payment in full for a single job,0218

we are going to go ahead and talk about entering a partial payment that a client gives to us.0223

So, assuming that a client gives us a little bit of money, not the full amount, then, we can apply that to a certain given invoice.0229

Many times, customers might just pay us for an individual or certain invoice or just partial of that.0235

We might have a customer that has multiple invoices outstanding, but they send just a payment of, say, $1000.0243

And we are going to apply that to a particular invoice that the customer wants.0250

A lot of times, the biggest problem in doing business with other businesses, is when we have multiple invoices that are outstanding.0254

And the customer wants to make a payment towards one given invoice.0264

They might have forgotten about older invoices or newer invoices, but they will indicate that they are paying for invoice X.0269

So, we want to make sure that we reflect the same accounting method, so that when we go over the records with our customer,0278

we can reflect what they have intended to pay and still go after the uncollected amounts that are still outstanding.0284

So, with our Received Payment window open, we are going to type in the customer Eckert Designs, and this is for their office repairs.0293

We have a particular invoice there. Let's see if we have other invoices for Eckert Designs.0307

We will just click on...we will choose a different person here. Let's see.0315

Eckert Designs is probably going to be the best one for what our example is.0324

We can actually look at our customers here and see if there are multiple invoices that are outstanding, and here is Robert Allard.0332

So, we are going to choose Robert Allard as an example here for our received payments.0341

So, instead of Eckert Designs, let's type in Allard, and there are multiple outstanding invoices for this particular customer on Robert Allard.0345

It is a good example.0355

We are going to receive a check of $1000 from Robert Allard, and he wants to make sure it is towards the invoice no. 1100.0356

So, he is not going to pay it full, but he is just going to pay $1000, so in the Amount field, we are going to type 1000 and hit tab.0367

It is a check, so we are going to make check is there, and it is check 1204. We are going to say Partial payment for invoice no. 1100.0375

That is what he put on his check. That is what his little note was in the mail that we received, so we are going to go ahead and click on that.0391

We notice that when we do that, it puts in the automatic payment towards the oldest invoice.0397

Well, that is not what we want it to be, so we are going to say Unapply the payment, so it is going to remove that from the listing.0404

And we are actually going to assign it to this invoice that the customer intended it to be paid for, and that is invoice no. 1100.0411

And, of course, he owes us for this other remodelled item.0421

We are not going to charge it on that. That is going to be towards the invoice 1100.0429

Here, it says the amount due. There is an underapplied amount, and we are going to leave this as an underpayment, OK,0433

because he still owes us $1400, so we are going to leave this as an underpayment.0442

When I had to write off the extra amount, we are going to leave it as an underpayment and click on Save and new.0447

It goes ahead and records that again. We are going to notice how it deposits that $1000 and records it under that Undeposited Funds account.0453

And you will notice here under Undeposited Funds, it went up a little bit by $1000. Here is the $1000 payment that we have.0464

So, it leaves it there. We have not assigned it and deposited that check yet to a bank.0473

Now that we showed you how to record a payment in full for a single job, and we showed you how to enter a partial payment,0481

now, we are going to go ahead and show you how to apply a one payment to multiple jobs.0490

So, a client might go ahead and pay the balance of their entire bill for multiple invoices.0495

We are going to show you on Robert Allard again. Now, we finally get a check from him0505

for the balance of what he truly owes us for all the invoices that are outstanding.0509

So, we are going to type in our customer is Allard, and the total amount due is $16,679, so we are actually getting a check for 16,679.03. Fantastic!0512

We would love those kind of clients that pay us in full, and it is going to be 1209 check number, and this is payment in full for all outstanding items, OK?0530

Notice when we click on this 16,679.03, it selects all outstanding items, and, of course, it matches the amount due. It is 16,679.0551

Apply this 16,679.03. There are no discounts or credits applied, and we are good to go.0562

The payment method, of course, is check, and we have got our check number of 1209.0569

We can say Save and new, and it records that payment in full for all items.0576

The next item that we might want to look at is entering overpayments. We might have a customer that has overpaid us inadvertently.0585

For various reasons, the client might overpay us. We do not mind that.0592

We can apply it to future jobs if we definitely have future work going on with that particular customer, so how to do that?0596

We are going to choose a customer. We are going to look at our customer list.0605

We have looked down here that we have Mike Violet, that there is a utility shed that we have a $35 outstanding bill.0609

Let's say he pays us $100 towards that, so we are going to go ahead and choose Mike as our payment there.0618

Again, it is Mike Violet, so in our Received from, we are going to say Violet Mike. It pulls up the $35.0628

We are going to put in $100 check that he writes to us. The method is check, and the check no. is 409.0638

We have that. Notice that when we do that, it says we can refund the amount to the customer, or we can leave that amount on account.0650

And at this point in time, we are actually going to refund it because he overpaid us.0662

We did not mean that, and we do not really see much more work for this particular customer.0666

So, we are going to go ahead and refund that amount to the customer.0672

It is only fair. We are not going to keep his money if we do not foresee any future work with this particular client.0674

So, we can choose Refund the amount to the customer, and we can say Save and new.0681

Now, it is going to open up the window Issuing a Refund. Yes, we want to issue a refund.0688

We are going to want to write it from our checking account, and we also have various ways0696

where we can give him a refund against his credit card, for accepting his credit card.0703

But, this is easier if we are going to go ahead and write a check and mail it to him.0707

And we will go ahead and put in a memo here if we want to do overpayment on invoice, and that was invoice 1102.0711

So, it was an overpayment on invoice 1102, and we are giving him the $65 back.0729

We will go ahead and say It is going to be printed and click on OK.0734

Now, we go ahead, and we have created a check that we can now print at a later date for that customer and give him that overpayment refund check.0744

Again, thank you very much for visiting us at Educator.com. We will see you next time.0754

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