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Excel Accounts Payable / Accounts Receivable Exercise - Watch Chris Work

Accountants use Excel all the time. This video, which is excellent for Accounting students, looks at a Accounts Receivable (AR) or Accounts Payable (AP) exercise. Accounts Payable is what your company owes to vendors and suppliers. Accounts Receivable is what is due to your company from your customers. A lot of companies use the term Net 30. That means an invoice for AR is due in 30 days. For AP, the vendor wants their money in 30 days. Both AR and AP are listed on the balance sheet. AR shows up under current assets. AP is a liability and shows up under current liabilities. Chapters: 00:00 Introduction 00:50 Sample data presentation 00:59 Insert current date 01:13 TODAY function 01:47 Accounts Payable/Receivable 02:27 TEXT function 03:37 LEN function 03:53 TEXT with zero-padding 05:24 Increase/Decrease Indent 05:53 Comma style 06:32 Invoice due date 06:57 Age of invoice 07:52 Days overdue 08:21 Average nr of days overdue 08:55 AVERAGEIF 11:30 Conditional Formatting 13:50 Closing remarks Download file - Blog post https://chrismenardtraining.com/post/... #msexcel #microsoftexcel #accountingexercise #chrismenard #chrismenardexcel And make sure you subscribe to my channel! - EQUIPMENT USED -------------------------------- ○ My camera – https://amzn.to/3vdgF5E ○ Microphone - https://amzn.to/3gphDXh ○ Camera tripod – https://amzn.to/3veN6Rg ○ Studio lights - https://amzn.to/3vaxyy5 ○ Dual monitor mount stand - https://amzn.to/3vbZSjJ ○ Web camera – https://amzn.to/2Tg75Sn ○ Shock mount - https://amzn.to/3g96FGj ○ Boom Arm - https://amzn.to/3g8cNi6 - SOFTWARE USED -------------------------------- ○ Screen recording – Camtasia – https://chrismenardtraining.com/camtasia ○ Screenshots – Snagit – https://chrismenardtraining.com/snagit ○ YouTube keyword search – TubeBuddy – https://www.tubebuddy.com/chrismenard DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links I provide, I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel, so I can continue to provide you with free content each week!