To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.
Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.
Now get started with the exercise.
Setup
In order for an Unapplied Cash Payment Income account to appear, there must be a payment received BEFORE the invoice date. The report must be run after the payment but before the invoice date.
Start by creating an invoice dated in the future.
Click "+New"
Click "Invoice"
In the Customer field, select "Amy's Bird Sanctuary"
In the date field, select any date in the future.
*Note that your dates will differ from the ones pictured.*
In the Product/Service field, select "Rock Fountain"
Click "Save and close"
Now, receive payment for the invoice.
Click "+New"
Click "Receive payment"
In the Customer field, select "Amy's Bird Sanctuary"
The date will default to the date that you selected for the invoice. Change it back to today's date.
*Note that your date will differ from the one pictured below.*
In the Payment method field, select "Cash"
Click the checkbox next to the invoice you just created.
Click "Save and close"
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