QuickBooks Online and Returned Customer Payments

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Index

00:00 Introduction

01:30 Starting in balance sheet and profit and loss in QuickBooks Online

02:15 First step when a payment is charged back from the bank

02:55 Make sure your clearing account is starting at zero

03:13 Second step after creating the clearing account

03:41 Adding in the product/service for step two

04:40 Adding in the expense

06:25 Reviewing the transactions posted on the transaction report

07:02 Cash and Checks clearing account

08:15 Creating an invoice in QuickBooks Online taking into considerations the date

10:22 Viewing the profit and loss and showing the invoice from 08:15

11:15 Viewing the effects on the balance sheet from all transactions created in QuickBooks Online due to the returned customer payments

11:55 Seth's reasoning to why the recorded transactions make more sense this way


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