and now we will learn the very last part of setting up QuickBooks for your home finance
video 6 putting in income sources income accounts will go on the chart of accounts and they will
show you why and where the money came in from however customers are the people whom you received
the money from so for example if Joe Schmoe has 4 separate income sources they would be listed
this way bartending job weekdays bartending job weekend's landscaping and bank account interest
for each of these 4 income sources there's a person or a company that has to be put on the
customer list so we know who the money is coming in from for example his weekday bartending job
he works for Molly's saloon however his weekend bartending job he works for the Biren go both of
these are the names of the bars that he works for but when he earns the money it goes into
bartending income he does landscaping for a guy named Dave Parata and of course he gets
bank account interest as one of his sources of income and that would be Chase Bank these four
individuals would go on his customer list so he could track exactly how much money came in
from each customer and find his transactions that way each of these four income sources would go in
the same chart of accounts that we have been using all along but they will be income type of accounts
let's take a look at how to record this first we'll introduce you to the customer list in the
customer center from the main menu click customers and the first choice is customer center notice it
looks and behaves exactly like the vendor Center you can add the customers one at a time or in bulk
let's add the first two one at a time new customer new customer and here's the new customer window
and the first one will be Molly's saloon so we'll type in the field Molly's saloon and of course we
could put the phone number in case we forget the phone number of where we work and then when we
click OK you can see whatever information we put in to this field whether it be address or email
and so on which show up here for example Molly at saloon dot come now when I click OK you can see
this is part of Molly's information and for each additional customer all we have to do is click
and we'll see that information let's add the next customer the same way biron go new customer new
customer beer and go now when we click OK we can see there are two customers on the list if I click
on Molly I'll get Molly's information if I click on beer and go I'll get beer and gos information
you can also add multiple customers at once by clicking up here and then click add most multiple
customer jobs notice these two are already here with the phone number or email put in but you can
just click here and then you can add Dave Parata and of course you could put his phone number
whatever the number is and so on and then the last one was Chase Bank remember a company can be both
a customer and a vendor because you can have money see it's warning you the name is already
on the vendor list okay so let's just adjust it to Chase Bank income so that the name is not exactly
the same and of course save the changes click ok now we can see if we click on the beer and
go we get that information if we click on Chase Bank we get that information and Molly saloon is
still the only one whose phone number and email address we have you can use this as a rolodex to
scroll through to find the information from the people whom you need now all we have to do is put
in the for income sources or to be more specific but in the three income sources on the account
list in the same chart of accounts put them in as income accounts and once we're done we'll be ready
to move on to actually recording transactions let's make sure before we close the customer
list that we put it up in the icon bar because we will always use it view view add customer center
to the icon bar click OK and here you have it so in the future if you need to open it up you click
right here from the icon bar and you're ready to go now let's open the chart of accounts from the
left of the icon bar click to open the chart of accounts just like we did in two previous videos
click account new but this time the type will be income click income click continue double
check that in the second window the type is income and we will put bartending income
save and knew what else does Joe have is income landscaping and bank account
interest so we'll put landscaping save and new and bank account interest click
Save and close congratulations you're all set up and ready to record transactions