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QuickBooks 30-day free trial + 30% off for 12 months: https://quickbooks.intuit.com/partner... Excerpt from QB Power Hour Webinar from 02/19/2015. Hector Garcia, CPA covers managing Prepayments to vendors using Checks, Credit Memos, BillPmt and Items that point to Prepaid Asset Account in QuickBooks Pro, Premier, or Enterprise. 00:00:00 Intro (Topics) 00:01:08 – Under what circumstances we will do vendor pre-payment (examples) 00:01:43 – Write checks 00:03:12 – Balance sheet 00:03:53 – Enter bills 00:04:45 – Unpaid bills detail 00:05:05 – Vendors (pay bills) (discount and credits) 00:06:05 – Duplicate checks (create 3 pre-payments) (pay bills) (discount and credits) (solution P.O reference) (example) 00:07:56 – Bill 00:09:43 – How to create a vendor credit (enter bills) 00:11:00 – Checking account 00:11:35 – Create a bill 00:12:08 – Vendors (pay bills) with P.O reference in the check and in the vendor credit (set credits) (assign check number) (manage pre-payments to future bills) 00:13:20 – How it works the bill payment-check technique (step by step) 00:16:23 – Prepaid item (how it works) (step by step) 00:17:55 – How to manage multiple pre-payments from vendors 00:18:18 – Reports (company & financial) (balance sheet standard) 00:19:08 – Top icon bar (customize icon bar) (view tab, add vendor prepayments to icon bar) 00:20:30 – Create vendor “x” bill (example)