QuickBooks 2011 – New Balance Sheet by Class Report – Part 6

In this article, we’ll discuss how you must handle a Customer Prepayment when you record them using the Receive Payments option.

As a business owner who frequently receives customer prepayments on upcoming work, if you receive the prepayment from the customer using the Receive Payments window and selecting the option to Leave the credit to be used later, the prepayment amount will appear in the report in the “Unclassified” column of the Balance Sheet by Class Report in QuickBooks 2011.

Read the complete article by clicking the following link -QuickBooks 2011 – New Balance Sheet by Class Report – Part 6