Revenue recognition in QuickBooks Online Advanced, helps you collect payments from customers and then recognize revenue over time. If you ever need to issue a refund or a credit memo for revenue recognition services, you have to perform some extra steps you wouldn’t normally take for those kinds of transactions.
Let’s go over how to edit revenue recognition on an invoice and then issue a credit memo or refund for the service.
0:00 Introduction
0:23 Edit revenue recognition on an invoice
0:42 Issuing a partial refund or credit
1:08 Refunding or crediting the entire amount
1:39 Whether to use a refund or a credit memo
1:55 Issuing a refund receipt for revenue recognition
2:35 Issuing a credit memo for revenue recognition
We have over 100 step-by-step tutorials to help you learn QuickBooks inside and out. Browse our entire library by topic:
All Trainings - intuit.me/2V3g3mI
Getting Started - intuit.me/3zcYyzg
Online Settings - intuit.me/2VTZSZs
Account Services - intuit.me/3kzFnf2
Sales and Invoicing - intuit.me/3rpUo4h
Expenses - intuit.me/3itWLz7
Sales Tax - intuit.me/3ruXILF
Setting Up Payroll - intuit.me/2VU2XZw
Cash Flow: intuit.me/2UTC9YZ
Inventory - intuit.me/3xTzPzZ
Apps: intuit.me/36OvfqB
Accounting Topics - intuit.me/36OifkR
Reporting - intuit.me/3eEtoZQ
QBO Advanced - intuit.me/3rpqzkz
QuickBooks Commerce - intuit.me/3g0bxNL
QuickBooks Time: intuit.me/3scqhxE
Subscribe to our KZread channel: intuit.me/3bOj0M2
Visit QuickBooks.com: intuit.me/QBO
#QuickBooks