Accounts Receivable Via Cash Sales

Accounts Receivable Via Cash Sales

I work for a family owned oil corporation. I use Quickbooks Pro 2008. I am having difficulty with the accounts receivable via cash sales. Many of the customers pay in cash. The owner of the corporation (president) has been pocketing the cash and not depositing it into the corporation's checking account.

I've already invoiced out these customers. Because of what she's doing - I can't get the books to balance. No big surprise there. So my question is this - is there some kind of balance adjustment I can do so that there will be a record of the money coming into the corporation's hands & being credited to the customer's account, but not into the checking account??

Delinquent Accounts Receivable

If a bookkeeper reviews delinquent accounts receivable and finds that a relative of his has not paid his account of $550, and you know he had been having financial difficulties, so you set his account aside and don't include it with other past due accounts sent to a credit agency, how would you comment on this action?

Accounts Receivable Accounting Entries On Interest Received

Accounts Receivable Entries On Interest Received

What is the accounts receivable accounting treatment of interest received on a deposit account opened in a private limited company name but operated by a director with his personal fund and for his personal activities?

Accounts Receivable Issue

by VMILLER
(KILLEEN, TX)

Accounts Receivable Issue

What kind of bookkeeping ledger journal entry would I use for sales that were accounted for in Accounts Receivable on an invoice? The deposits were not applied to the invoices properly but were created anew. This is leaving a balance in the A/R for sales that should not have been put on an invoice.

Accounts Receivable Refund

Accounts Receivable Refund

How do you go about posting a refund to Accounts Receivable?

A/R And A/P For Same Company In Simply Computer Software

A/R and A/P for Same Company

So this is what I have, Company A owes Company B $100.00, but Company B owes Company A $100.00 so what do I do in Simply Accounting as far as an entry so we don't have to write checks to each other. In other words, what would the journal entry in Simply Accounting Software be?


DENISE

Batching Accounts Receivables

by Tana
(Canada)

Batching Accounts Receivable

Hi there, I have a question regarding the dates you should enter if you are batching entries. We are a charitable organization that takes in donations in a variety of payment methods and batch by payment type. Currently when we date the entry we date them differently:

- donations in cheque form - we date by date of deposit in the bank
- donations in credit card form - we date by the day we called them in
- receiving a cheque from a funder - we date the date we received the cheque in the mail

I am just wondering if the rule of thumb is to be consistent and in this case keep them all the day they were processed/deposited or not

Thanks so much!

Beginner Accounts Receivable

by Kendra Quarles
(Russellville, ky US)

Accounts Receivable

Hello Stephanie,

I am going in for an interview for Accounts Receivable position and I am very nervous because this is dealing with the companies money.

I just graduated from college with an Office Systems Technology Degree. I passed my class in Accounting but I was no expert at it. My advisor tried to help me find a job in Accounting but that wasn't something I was interested in.

How do I do Accounts Receivable in a factory setting?

Excel Accounts Receivable and Aging Worksheet

by Dave
(Colorado)

Excel Accounts Receivable and Aging Worksheet

Do you happen to have or know where an accounts receivable aging worksheet created in Excel can be found and downloaded? I am wanting to find one that has the formulas in place, so to see just how it should be setup.

There are several examples out there, but all so far I have located do not include the formulas; just the column headings <30 days; >30days; >60 days and so on. Most of the examples look great, but seem to be missing that key component "the formulas." I realize this is a basic Excel 101 type of request, but a person needs to start somewhere.

I would greatly appreciate any information or assistance where to find such an example.

Thanks every so much.

Dave

Interest Charge on 30 Days Overdue Accounts Receivable

Interest Finance Charge

What is the industry standard for interest charged on accounts that are 30/90/120 days overdue?

Overdue Accounts Receivable

Overdue Accounts Receivable

What is a percentage or dollar amount that is added to an overdue accounts receivable considered to be?

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