QuickBooks 2020 Desktop Pro - Beginner to Advanced Season 1 Episode 6 Home Page Vendors Section 1.15

QuickBooks 2020 Desktop Pro - Beginner to Advanced is a tutorial series aimed at helping users navigate the popular accounting software, QuickBooks. In episode 6, Home Page Vendors Section 1.15, users will learn how to effectively use the Vendors section on the QuickBooks homepage.

The episode kicks off with an important refresher on vendor management in QuickBooks and how it can streamline accounting tasks. Instructor Mark Smith explains that the Vendors section on the home page is where users can create, edit, and manage vendor-related transactions. This includes viewing outstanding bills, recording vendor payments, and reconciling vendor accounts.

Smith demonstrates how to add a vendor in QuickBooks and outlines the important fields to fill out in the vendor information form. He also shows users how to link a vendor to a specific account and how to customize the vendor list to fit their specific needs.

Next, the episode moves on to managing vendor transactions in the Vendors section of QuickBooks. Smith explains how to create a bill, receive inventory, and issue a vendor payment. He also covers how to track vendor credits, create purchase orders, and run reports on vendor activity.

Throughout the episode, Smith emphasizes the importance of accurate vendor management and how it can affect a business's financial health. He provides helpful tips on how to stay organized and how to use QuickBooks to its fullest potential.

One highlight of this episode is the in-depth discussion on how to reconcile vendor accounts. Smith explains the importance of reconciling accounts and demonstrates step-by-step how to do it in QuickBooks, including how to view transactions, mark items as cleared, and reconcile discrepancies.

Overall, Home Page Vendors Section 1.15 is a comprehensive guide to managing vendors in QuickBooks. Whether you are a beginner or an advanced user, this episode provides valuable tips and strategies to streamline vendor-related tasks and improve accounting accuracy.