Mastering QuickBooks® 2023 : bookkeeping with US quickbooks online for small businesses / Crystalynn Shelton.

Format:

Book

Author/Creator:

Shelton, Crystalynn, author.

Language:

English

Subjects (All):

Small business--Accounting--Computer programs.

Small business.

Small business--Finance--Computer programs.

Physical Description:

1 online resource (537 pages)

Edition:

Fourth edition.

Place of Publication:

Birmingham, England : Packt Publishing, Limited, [2023]

Summary:

Master QuickBooks® with ease! This book covers company file setup, A/R and A/P reports, payroll setup, bank transactions, and more. Optimize your bookkeeping today! Purchase of the print or Kindle book includes a free eBook in the PDF format.Key FeaturesBecome proficient in QBO from a beginner level and implement the best practices to avoid costly errorsBenefit from over 500 pages of QuickBooks coverage, including detailed images and instructionsExplore advanced bookkeeping concepts such as managing payroll and handling end-year reportingBook DescriptionMastering QuickBooks® 2023 is a comprehensive guide that covers everything you need to know to master QuickBooks, from setting up your accounts and managing your transactions to generating reports and integrating with other software. With step-by-step instructions, real-world examples, and practical tips and tricks, this book is designed to help small business owners, independent contractors, and bookkeepers optimize their financial management and streamline their business operations.What you will learnCreate a company file and set up accountsCustomize forms and templatesManage customers and vendorsTrack inventory and sales taxReconcile bank and credit card accountsGenerate financial statements and reportsUse payroll features and integrate with other softwareWho this book is forSmall business owners, bookkeepers, and accounting students who want to start using QuickBooks more effectively will all get plenty of practical know-how from this book. This guide is appropriate for beginners and also serves as an exhaustive resource for those with some bookkeeping experience and those studying to become a QuickBooks Certified User.

Contents:

Cover

Copyright

Contributors

Table of Contents

Preface

Chapter 1: Getting Started with QuickBooks Online

What is QuickBooks?

Exploring QBO editions

Choosing the right QBO edition

QBO Simple Start

QBO Essentials

QBO Plus

QBO Advanced

Creating a QBO account

Navigating in QBO

QBO home page and left navigation bar

QuickBooks Online icons

QuickBooks Online menus

Small business bookkeeping 101

Recording sales

Recording expenses

Recording inventory and fixed asset purchases

Recording liabilities

Understanding the chart of accounts

Choosing an accounting method

Understanding how double-entry bookkeeping works

Summary

Chapter 2: Company File Setup

Key information and documents required to complete the company file setup in QuickBooks Online

Setting up company preferences in QuickBooks Online

Company settings

Billing &amp

subscription settings

Usage settings

Sales settings

Expenses settings

Payments settings

Time settings

Advanced settings

Chapter 3: Migrating to QuickBooks Online

Deciding if QuickBooks Online is right for your business

Functionality not available in QBO

QuickBooks Desktop data that will not convert to QBO

Questions to ask yourself in preparation for data conversion

Converting QuickBooks Desktop data to QBO

Checking the target count

Backing up your QuickBooks Desktop file

Checking for updates

Running the QBD conversion-to-QBO tool

Logging in to QBO

Verifying that all of your data was converted

Alternatives to converting a QuickBooks Desktop file to QBO

Importing list data into QBO

Recording a summary journal entry of historical data in QBO

Recording details of historical data in QBO

Converting from Excel spreadsheets or pen &amp.

paper to QBO

Chapter 4: Customizing QuickBooks for Your Business

Customizing the chart of accounts list

Adding a new account to the chart of accounts list

Importing a chart of accounts list

Editing accounts on the chart of accounts list

Inactivating an account on the chart of accounts list

Reactivating an account on the chart of accounts list

Merging accounts in QBO

Connecting bank accounts to QBO

Importing banking transactions automatically

Uploading banking transactions from an Excel or CSV file

Connecting credit card accounts to QBO

Importing credit card transactions automatically

Uploading credit card transactions from an Excel or CSV file

Giving other users access to your QuickBooks data

Standard user

Company administrator

Reports-only user

Time tracking user

Accountant user

Editing user privileges

Chapter 5: Managing Customer, Vendor, and Products and Services Lists

Managing customer lists in QuickBooks Online

Manually adding customers in QuickBooks Online

Importing customers into QuickBooks Online

Making changes to existing customers in QuickBooks Online

Inactivating customers in QuickBooks Online

Merging customers in QuickBooks Online

Managing vendor lists in QuickBooks Online

Manually adding vendors in QuickBooks Online

Importing vendors into QuickBooks Online

Making changes to existing vendors in QuickBooks Online

Inactivating vendors in QuickBooks Online

Merging vendors in QuickBooks Online

Managing products and services lists in QuickBooks Online

Manually adding products and services in QuickBooks Online

Importing products and services in QuickBooks Online

Making changes to existing products and services in QuickBooks Online

Inactivating products and services in QuickBooks Online.

Merging products and services in QuickBooks Online

Chapter 6: Managing Sales Tax

Setting up sales tax in QuickBooks Online

Creating an invoice that includes sales tax

Sales tax reports

Paying sales tax when it comes due

Chapter 7: Recording Sales Transactions in QuickBooks Online

Entering sales forms

Recording income using a sales receipt

Recording income using a deposit

Recording income using a sales invoice

Recording customer payments

Recording payments to the payments to deposit account

Issuing credit memos and refunds to customers

Applying a credit memo to an open invoice

Chapter 8: Recording Expenses in QuickBooks Online

Entering and paying bills

Entering bills into QuickBooks Online

Entering vendor credits into QuickBooks Online

Paying bills in QuickBooks Online

Managing recurring expenses

Writing checks

Printing checks

Editing, voiding, and deleting expenses

Capturing and categorizing receipts and bills

Chapter 9: Reconciling Uploaded Bank and Credit Card Transactions

Overview of the Banking Center

Matching transactions

Editing banking transactions

Understanding bank rules

How do you want to apply this rule?

Reconciling accounts

Chapter 10: Report Center Overview

Navigating the Report Center

Reports available in the Report Center

Customizing reports

General report customizations

Row and column report customization

Using filters to customize reports

Header and footer report customization

Saving a customized report

Exporting reports

Exporting reports to Excel

Exporting reports to PDF

Sending reports via email

Chapter 11: Business Overview Reports

Understanding profit and loss statements

Generating balance sheet reports.

Understanding the statement of cash flows

Creating a budget

Using the cash flow planner

Generating the audit log report

Chapter 12: Customer Sales Reports in QuickBooks Online

Generating an accounts receivable aging report

Generating an open invoices report

Generating a sales by client report

Generating a sales by product/service report

Chapter 13: Vendor and Expenses Reports

Generating an accounts payable (A/P) aging report

Generating an unpaid bills report

Generating an expenses by vendor summary report

Generating a bill payments report

Chapter 14: Managing Employees and 1099 Contractors in QuickBooks Online

Setting up payroll

Payroll setup checklist and key documents

Signing up for an Intuit payroll subscription

Generating payroll reports

Filing payroll tax forms and payments

Managing 1099 contractors in QuickBooks Online

Setting up 1099 contractors

Tracking and paying 1099 contractors

1099 year-end reporting

Chapter 15: Closing the Books in QuickBooks Online

Reviewing a checklist for closing your books

1. Reconciling all bank and credit card accounts

2. Making year-end accrual adjustments

3. Reviewing new fixed asset purchases and adding them to the chart of accounts

4. Making depreciation journal entries

5. Taking physical inventory and recording inventory adjustments

6. Adjusting retained earnings for owner/partner distributions

Recording journal entries

7. Setting a closing date and password

8. Preparing key financial reports

Giving your accountant access to your data

Chapter 16: Finding Apps and Handling Special Transactions in QuickBooks Online

Using apps in QuickBooks Online

Overview of the QuickBooks App Center

Finding apps for your business.

Managing credit card payments

Customizing sales templates

Setting up business loans and lines of credit

Adding a business loan or line of credit to the chart of accounts

Making payments on a loan or line of credit

Managing petty cash

Adding a petty cash account in QuickBooks

Recording petty cash transactions

Replenishing petty cash

Reconciling petty cash

Recording bad debt expense

Creating a bad debt item

Creating a credit memo

Applying a credit memo to an outstanding customer invoice

Tracking delayed charges and credits

Chapter 17: QuickBooks Online Advanced

Accessing the QBO Advanced test drive account

Setting up customized fields

Managing customized user permissions

Using workflow automation

Importing invoices and budgets into QuickBooks Online

Importing budgets into QuickBooks Online

Batch-creating invoices in QuickBooks Online

Reclassify transactions

DocuSign integration

Using online backup and restore

Utilizing the Performance Center and custom charts

Business analytics with Excel

Priority Circle membership

Appendix

Shortcuts and Test Drive

QuickBooks Online keyboard shortcuts

QuickBooks Online test drive

Discount on a QuickBooks Online account

QuickBooks Certified User Exam Objectives

Other Books You May Enjoy

Index.

Notes:

Description based on print version record.

Includes index.

ISBN:

9781803249315

1803249315

OCLC:

1351197413