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DAILY ACCOUNTS RECEIVABLE  Form

DAILY ACCOUNTS RECEIVABLE Form

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Instructions and help about DAILY ACCOUNTS RECEIVABLE

QuickBooks has many methods for tracking what your customers owe you. Any time you enter an invoice or a payment from a customer, QuickBooks alters the accounts receivable balance for that customer. You can observe the accounts receivable balance for your entire company, by clicking Accounting to open the chart of accounts. In the Assets section of the Chart of Accounts, you have an account named Accounts Receivable. And this balance right here represents the total amount of money that is owed to you by your customers. This balance is useful, but you normally wanna see a customer by customer breakdown of the balance. To get that, click Sales and then Customers. Right up here at the top of the screen, QuickBooks tells us that we have open invoices in the amount of the Accounts Receivable balance. But if we click on that amount and then scroll down, we can then see which customers owe us money. And if you added up all of these open balances together, you would get to this total amount. T

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