Hello My Friends!! This will teach you everything you could possibly need regarding discounts in QuickBooks Online. It’s the clearest possible explanation and it’s part of the Mark Smolen learning series here on TH-cam that will teach everyone everything about QuickBooks Online. There’s a table of contents with chapters for those who want a specific discount topic and the links to the videos that come before this one are here as well. You can ask me questions here in the comment section and I will do my best to help you. I hope you will click “like” and subscribe. -Mark
Wow, thank you! The channel page has a topic on everything you could need. Or you can ask me for any quick books topic here in this comment section I hope you will click like to help support the free channel for everyone and please subscribe Mark
Learned Alot From.Your Videos, Specially That DESKTOP FULL TUTORIAL, I was working in book keeping department from 2.5 years, but still that 4 hours video teaches something incredible ❤️
Oh thank you so much I want you to know I have a video for every possible topic. You could need in quick book's desktop if any side topic comes up like inventory , your sales tax or something I hope you will click like after. Watching each 12 help support the free channel for ever one and please subscribe Mark
Your videos are amazing and super helpful, thank you so much. Question: Lets say a customer takes an early pay discount on an invoice dated 5/30/XX. The invoice/revenue is recorded in May, however, the check was received and dated in June, with the early pay discount correctly taken by the customer. I've already closed the May books and do not want any numbers to change. I enter the early pay discount on the invoice dated 5/30/XX, that will change the May numbers even though I've already closed May books. How do I avoid this so that I don't have to keep restating the previous month's financials?
Thank you but your question is an accounting Theory question and not a QuickBooks question I suggest you ask your local CPA I do appreciate the kind words and I am glad the videos are helping you and I hope you will click like after watching each one to help support the free channel for everyone and please subscribe Mark
hello can you please make videos on sales tax setup using GST or VAT.because I'm not from USA that's why I want to learn tax system in quickbooks and there is no proper video on youTube .I want to know the whole procedure of including vat return,prepare return etc.plz plz plz make the video on this topic
Yes, thank you, this playlist is what you need. Just watch it in proper order and give feedback in the comments. Section with any questions you might have about sales tax th-cam.com/play/PLqRhgBZfJuE5_fcERPrxAiB26miMODUdt.html Mark
If I'm understanding the early payment instructions correctly, it sounds like we're relying on "Betty" to do the math and pay the discounted amount. Is that correct? Otherwise, if she paid the original full amount, it would seem that we'd have to offer a credit to her account.
But the customer is supposed to know that they're taking the discount If we sell someone who wants the discount, then they should know when they pay and yes, you're correct if they get the discount, then they pay too much.We retain the credit Mark
@@worldwidequickbooks Thank you! And...if they take the discount after the time frame, then I guess we have to politely tell them that they still owe us some $$$.
These are great, thank you! I have a client does shaved ice is offering stamp cards (I just learned via IG). 5 stamps and they get 50% off a snowball and 10 stamps the get a free snowball! I guess now I need to make 2 discounts for these. My concern was, is the free like free sample so was it an expenses..but I guess a discount has the same impact in that it reduces net income via sales vs expenses. Thanks for your amazing videos!
Oh thank you so much for the kind words and thank you for watching I'm very glad the videos helped you.And I hope you will click like after watching each 12 help support the free channel for ever one and please subscribe Mark
Hello My Friends!!
This will teach you everything you could possibly need regarding discounts in QuickBooks Online.
It’s the clearest possible explanation and it’s part of the Mark Smolen learning series here on TH-cam that will teach everyone everything about QuickBooks Online.
There’s a table of contents with chapters for those who want a specific discount topic and the links to the videos that come before this one are here as well.
You can ask me questions here in the comment section and I will do my best to help you.
I hope you will click “like” and subscribe.
-Mark
You are the BEST! Always love your videos. Very clear and easy to understand those distinguished details about "types" of services and/or accounts.
Wow, thank you!
The channel page has a topic on everything you could need. Or you can ask me for any quick books topic here in this comment section
I hope you will click like to help support the free channel for everyone and please subscribe
Mark
Learned Alot From.Your Videos, Specially That DESKTOP FULL TUTORIAL, I was working in book keeping department from 2.5 years, but still that 4 hours video teaches something incredible ❤️
Oh thank you so much
I want you to know I have a video for every possible topic. You could need in quick book's desktop if any side topic comes up like inventory , your sales tax or something
I hope you will click like after. Watching each 12 help support the free channel for ever one and please subscribe
Mark
Your videos are amazing and super helpful, thank you so much.
Question: Lets say a customer takes an early pay discount on an invoice dated 5/30/XX. The invoice/revenue is recorded in May, however, the check was received and dated in June, with the early pay discount correctly taken by the customer. I've already closed the May books and do not want any numbers to change. I enter the early pay discount on the invoice dated 5/30/XX, that will change the May numbers even though I've already closed May books. How do I avoid this so that I don't have to keep restating the previous month's financials?
Thank you but your question is an accounting Theory question and not a QuickBooks question I suggest you ask your local CPA
I do appreciate the kind words and I am glad the videos are helping you and I hope you will click like after watching each one to help support the free channel for everyone and please subscribe
Mark
@@worldwidequickbooks I am a CPA but that's ok thanks for responding regardless.
hello can you please make videos on sales tax setup using GST or VAT.because I'm not from USA that's why I want to learn tax system in quickbooks and there is no proper video on youTube .I want to know the whole procedure of including vat return,prepare return etc.plz plz plz make the video on this topic
Yes, thank you, this playlist is what you need. Just watch it in proper order and give feedback in the comments. Section with any questions you might have about sales tax
th-cam.com/play/PLqRhgBZfJuE5_fcERPrxAiB26miMODUdt.html
Mark
@@worldwidequickbooks Thank you so much . your videos on quickbooks are best on youtube.
Plz Also Start Tutorial Of Other Accounting Softwares Like SAGE, ZOHO, XERO etc
Ur Teaching Skills Are 🔥🔥🔥
Thank you so much. These compliments make it worthwhile when they come from good people
Mark
If I'm understanding the early payment instructions correctly, it sounds like we're relying on "Betty" to do the math and pay the discounted amount. Is that correct? Otherwise, if she paid the original full amount, it would seem that we'd have to offer a credit to her account.
But the customer is supposed to know that they're taking the discount
If we sell someone who wants the discount, then they should know when they pay and yes, you're correct if they get the discount, then they pay too much.We retain the credit
Mark
@@worldwidequickbooks Thank you! And...if they take the discount after the time frame, then I guess we have to politely tell them that they still owe us some $$$.
These are great, thank you! I have a client does shaved ice is offering stamp cards (I just learned via IG). 5 stamps and they get 50% off a snowball and 10 stamps the get a free snowball! I guess now I need to make 2 discounts for these. My concern was, is the free like free sample so was it an expenses..but I guess a discount has the same impact in that it reduces net income via sales vs expenses. Thanks for your amazing videos!
Oh thank you so much for the kind words and thank you for watching
I'm very glad the videos helped you.And I hope you will click like after watching each 12 help support the free channel for ever one and please subscribe
Mark
I Know Your Views And Channel Reach Is Down Now A Days...
But It Will Worth It Soon ❤️
Hope so
Thanks for the support
I just want to help people
Mark