Accounts Payable and Receivable (A/P, A/R)

This course is perfect if you are already working in accounting or finance and want to improve your skill in payables and receivales.

Accounts Payable (Vendors / Supplies)

Accounts Payable is the process of recording outstanding bills of a business. Your suppliers have provided goods or services on credit, and it is the money you owe them. Accounts Payable is called AP or A/P for short.  By completing this lesson, you will be able to 

• Enter general bills 
• Enter a Purchase Order (PO)
• Enter Items Received  
• Create a credit memo for items or services returned  
• Apply credits to invoices 
• Pay bills  

Accounts Receivable (Customers)

The record of money owed to your business for goods or services; that is, invoices for which your business hasn’t received payment yet. Accounts Receivable is called A/R for short.  By completing this lesson, you will be able to    

• Enter new customers  
• Create an estimate 
• Create a sales order 
• Create an invoice 
• Create a refund or credit memo 
• Create invoice templates  
• Assess finance charges to customers  
• Send customers a statement  
• Receive payments and apply credits 
• Make customer deposits 
• Enter alternative sales receipt

What’s Included?

1. Step-by-step training videos with subtitles.
2. Customer invoices and a statement
3. Vendor (supplier) invoices / bills and a statement
4. Chequing bank statements for 2 months in Canadian currency
5. A US dollar bank statement for 1 month
6. A sample cheque and a deposit book (corresponding to bank deposits)
7. Credit card statements in CAD for 2 months
8. A credit card statement in USD for 1 month
9. A link to download QuickBooks software (30-day free trial)
10. A QuickBooks data file for a sample company (which is used for the training)

The Accountant – Senior program includes this course.