Accounts receivable records the cash amount of customers or third parties have a loan for your business. You can easily configure A/R (Accounts Receivable) tracking, or the accounts receivable in QuickBooks to manage all sales and customer reports by tracking payments, applying compensations to sales for specific jobs or adding finance charges for individual clients. You should make an opening balance statement for every user if doing the only single work, as QuickBooks inputs automatically customer balance details of the Accounts Receivable account. Before moving ahead to the QuickBooks online phone support, check the steps given below.
Adding Customer Details
- Open the QuickBooks account and click on the ‘Customer Center’ option.
- Choose the ‘New Customer & Job’ option from the top of the ‘Customer Center’ menu, followed by the ‘New Customer.’
- Input the name of the client in the ‘Customer Name’ field. Provide the outstanding balance, if any, under the ‘As Of’ and ‘Opening Balance’ fields.
- If you want to track all jobs of the user, don’t provide details in the ‘As Of’ and ‘Opening Balance’ fields when you add the customer’s details. As an alternative, enter an individual customer balance when you make a new Job entry in QuickBooks.
- Add more information as required, including contact details, address and sales tax information, in the correct fields. Click the ‘Next’ button to save and input additional customer information. Otherwise, click the ‘OK’ button to save and close.
Adding an Accounts Receivable Account
- Open the QuickBooks program. Click on the ‘Lists’ menu option and choose the ‘Charts of Accounts’ option.
- Click the ‘Account’ option at the end of the menu and select the ‘New’ option.
- Choose the ‘Accounts Receivable A/R’ option and click the ‘Continue’ button.
- Input the account name in the ‘Account Name’ field. If available, then type the account number in the ‘Number’ field.
- Click the ‘Next’ button to save the account and make a new one, or click the ‘OK’ button to save and close.
Tips and Tactics:
Adding a new job in the customer’s name field under ‘the Customers & the Jobs’ list to manage own balances. The Accounts Receivables account uses the individual customer balances for each task. However, if you’re unable to add accounts receivable tracking in QuickBooks using the procedure or you have any concerns about that, you can call QuickBooks support phone number and talk to the professionals to know the exact process for adding the Accounts Receivable.