QuickBooks Online - How to Record Customer Deposits or Retainers
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YouTubeIntelligent Business Services
QuickBooks Online - How to Record Customer Deposits or Retainers
A step-by-step video on how to record and bill for customer deposits or retainers paid in advance of shipping or a service that hasn't been started. After the entire procedure is finished the chart of accounts for "Customer Deposits" or unearned revenue will be zero, which is the expected goal. There is no need to do an accrual journal entry if ...
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