It also helps you decide how to apply the program’s customer, job, and vendor fields to your business.ĪLTERNATE REALITY: Tracking Donors for Nonprofitsįor nonprofit organizations, any individual or organization that sends money is a donor, but the term “donor” doesn’t appear in most QuickBooks editions. This chapter guides you through creating and managing customers, jobs, and vendors in QuickBooks. The information QuickBooks needs about vendors isn’t all that different from what you specify for customers. The telephone company, your accountant, and the subcontractor who installs Venetian plaster in your spec houses are all vendors. If you don’t need jobs, you can simply create your customers in QuickBooks and then move on to invoicing them or creating sales receipts for their purchases.Įven before you start receiving payments from customers, you’re going to do business with vendors and pay them for their services and products. For example, retail stores sell products, not projects. However, if your company doesn’t take on jobs, you don’t have to create them in QuickBooks. In QuickBooks, you can then track income and expenses by job and gauge each one’s profitability. You could create several jobs, one for each place you plumb: Smith house, Jones house, and Winfrey house. Suppose you’re a plumber and you regularly do work for a general contractor. To QuickBooks, a job is a record of a real-life project that you agreed (or perhaps begged) to perform for a customer-remodeling a kitchen, designing an ad campaign, or whatever. ![]() If your business revolves around projects, you can create a job in QuickBooks for each project you do for a customer. For example, setting up QuickBooks records for the repeat customers at your store saves you time by automatically filling in their information on each new sales receipt. Real-world customers are essential to your success, but do you need customers in your QuickBooks company file? Even if you run a primarily cash business, creating customers in QuickBooks could still be a good idea. The program takes the data you enter about customers and uses it to fill in invoices and other sales forms with your customers’ names, addresses, payment terms, and other info. In QuickBooks, a customer is a record of information about your real-life customer. QuickBooks throws out the thesaurus and applies one moniker to every person or organization that buys from you: customer. The people who buy what you sell have plenty of nicknames: customers, clients, consumers, patrons, patients, purchasers, donors, members, shoppers, and so on. Whether you sell products or services, the first sale to a new customer often initiates a flurry of activity, including creating a new customer in QuickBooks, assigning a job for the work, and the ultimate goal of all this effort- invoicing your customer (sending a bill for what you sold that states how much the customer owes) to collect some income. You may be fond of strutting around your sales department proclaiming, “Nothing happens until somebody sells something!” As it turns out, you can quote that tired adage in your accounting department, too. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs.Chapter 4. Setting Up Customers, Jobs, and Vendors These ads are based on your specific account relationships with us. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.Īlso, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. If you opt out, though, you may still receive generic advertising. If you prefer that we do not use this information, you may opt out of online behavioral advertising. ![]() This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. ![]() Relationship-based ads and online behavioral advertising help us do that. We strive to provide you with information about products and services you might find interesting and useful.
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