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Quickbooks user guide download
For Accountants and External Bookkeepers Book Info. Chapter 1 - Overview of QuickBooks Chapter 2 - Vendors Chapter 3 - Customers Chapter 5 - Inventory Items Chapter 8 - Payroll Setup Chapter 9 - Processing Manual Payroll Chapter 10 - Banking Chapter 11 - Timesheets and Job Costing If you u se two su btotals in a row, th e last su btotal will ad d u p all th e p reviou s su btotals on th e form.
The first subtotal line show s a total for all m aterials. The second subtotal show s a total for all labour. The third subtotal The second subtotal also line adds up the m akes the third subtotal tw o previous include all am ounts on the subtotals, so that a invoice, so a percentage m arkup can be m arkup can apply to the total applied to the sale. If you often sell th e sam e grou p of item s togeth er, u sin g a grou p item saves you th e trou ble of en terin g th e sam e set of lin e item s again an d again.
You can also edit th e in d ivid u al q u an tity of each item in th e grou p , an d ed it d escrip tion s an d rates. Th e Qu ickBooks grou p item allows you to be very d etailed in trackin g th e item s you sell with ou t sh owin g all th at d etail to you r cu stom ers.
W h en you set u p a grou p item , you sp ecify wh eth er to p rin t each item or ju st th e grou p item. For exam p le, Fran k h as a con stru ction com p an y th at sen d s in voices for fu ll jobs, su ch as com p lete rem od els.
However, Fran k u ses m ore d etailed item s, so h e can learn m ore from h is sales rep orts. Even th ou gh h e ch ooses n ot to p rin t th e item s in th e grou p on th e in voice for h is cu stom ers to see, h e still h as th ose d etails on h is sales rep orts. QuickBooks show s you the item s in the group onscreen, w hether you choose to print them or not. To take a p ercen tage off several item s at on ce, you m u st first su btotal th e item s.
The first line show s a total for all m aterials. The third The second subtotal show s subtotal line a total for all labour. If you give d iscou n ts of d ifferen t p ercen tages, you can eith er set u p a sep arate d iscou n t item for each p ercen tage or edit th e am ou n t righ t on th e sales form. Enter discounts for early paym ent through the Receive Paym ents w indow. Th e p aym en t item tells Qu ickBooks to su btract th e am ou n t of th e p aym en t from th e total in voice am ou n t.
QuickBooks subtracts a Use a paym ent item w hen you paym ent item am ount from the invoice total. Altern atively, you can set it u p so th at Qu ickBooks au tom atically p u ts th e p aym en t am ou n t in to you r Un d ep osited Fu n d s accou n t so you can d ep osit it with oth er fu n d s. T o le a r n a b o u t … S e a r c h t h e H e lp in d e x f o r … Receiving and depositing paym ents receiving paym ents, Receiving paym ents tow ard a statem ent If you n eed to track th e p aym en t m eth od ch eq u e, cash , cred it card ch arge , you can h ave d ifferen t p aym en t item s for d ifferen t m eth od s of p aym en t.
Full paym ent received at tim e of sale Use sales receipt, not invoice. No paym ent item is necessary, because Quick- Books assum es sale is fully paid. Sum m ary of paym ents, by m ethod, for Use sales receipt to sum m arize the daily sales. Enter a different paym ent item daily sales sum m ary for the sum m ary of each paym ent m ethod. Paym ent from custom er to pay outstanding Enter paym ent in Receive Paym ents w indow.
Indicate w hich invoices or state- invoice or statem ent m ent charges have been paid by the paym ent. Advance paym ent from custom er before Use one of the follow ing options: w ork is done or sale is m ade. A void ent ering double paym ent s. If you receive paym ent bef ore t he sale and record a deposit bef ore you record t he invoice, do not also ent er a paym ent it em on t he invoice or you w ill record a double paym ent.
In th is win d ow, you can tell Qu ickBooks to raise or lower p rices or rates by a sp ecified am ou n t or percen tage. You can ch an ge p rices or rates for item s in d ivid u ally, or h ave Qu ickBooks calcu late n ew p rices or rates on several or all item s of th e sam e typ e at on ce.
If you wan t to au tom atically ap p ly an in crease or d ecrease to in ven tory, n on -in ven tory, an d service item s, you can u se p rice levels. Price levels allow you to au tom atically ad ju st, u p or d own , th e am ou n t ch arged to cu stom ers with wh om you h ave a sp ecial relation sh ip. W h en you ap p ly a p rice level to an item , Qu ickBooks calcu lates th e rate to reflect th e in crease or d ecrease. However, you can n ot ch an ge th e item typ e of an y oth er typ e of item.
For exam p le, you m ay h ave an in ven tory item on you r Item list th at you h ave n ot stocked in th e last six m on th s, bu t wh ich you m ay wan t to stock in th e fu tu re. W h en you m ake an item in active, Qu ickBooks keep s th e in form ation associated with th at item , bu t h id es th e item on th e Item list an d rem oves it from an y d rop -d own lists th at u se item s.
You d o n ot n eed to ch an ge or d elete an y tran saction th at u ses th e item. If you start to u se th e item again , you can m ake it active at an y tim e. You can d isp lay all you r item s, in clu din g th e in active on es, on th e Item list by selectin g Sh ow All. In active item s still ap p ear on rep orts, bu t n ever d isp lay on d rop -d own lists. To locate all tran saction s th at u se a given item , create a Qu ickRep ort for th e item for all d ates.
If you con d en se you r Qu ickBooks d ata th rou gh a sp ecified d ate to red u ce th e file size an d rem ove d etail , you can also rem ove item s th at are n ot u sed after th at d ate. T o le a r n a b o u t … S e a r c h t h e H e lp in d e x f o r … Changing item types item s, changing type of Changing inform ation about an item item s, editing inform ation Hiding and show ing item s on the Item list item s, hiding and show ing and drop-dow n lists in Item fields M aking hidden item s visible on the Item lists, hiding and show ing list as w ell as on drop-dow n lists Deleting item s item s, deleting Fin a l s t e p s t o c o m p le t e y o u r s e t u p Fin e -t u n e y o u r a c c o u n t s Qu ickBooks sets u p a ch art of accou n ts for you d u rin g th e In terview.
Before you begin en terin g tran saction s, m ake su re you r ch art of accou n ts is com p lete an d th at it accu rately rep resen ts h ow you r bu sin ess works. Tip: You can adjust the opening balances of the accounts in your Chart of Accounts, too. You can ad d su baccou n ts to balan ce sh eet accou n ts for exam p le, fixed asset accou n ts as well as to in com e an d exp en se accou n ts. Qu ickBooks h as an op tion for sp ecifyin g accou n t n u m bers in add ition to n am es.
You can d rag accou n ts to a n ew p osition on th e ch art of accou n ts. W h en you r accou n ts are n ot in alp h abetical or n u m erical ord er, an d you ad d a n ew accou n t, Qu ickBooks p laces th e n ew accou n t above th e oth er accou n ts of th e sam e typ e.
Th en you r Qu ick- Books records will be as com p lete as if you h ad started u sin g th e p rogram on you r start d ate.
En ter tran saction s in you r ban k accou n t last, becau se you r accou n ts p ayable an d accou n ts receivable affect you r ban k accou n t. By th e tim e you en ter all of you r h istorical tran saction s, you r ch eq u e register will be m ostly u p -to-d ate.
Th en catch u p with h istorical tran saction s wh en you can. If cu rren t an d h istorical tran saction s are related , en ter th e earlier on e first. For exam p le, if you receive a p aym en t tod ay for an in voice you h ave n ot yet en tered, en ter th e in voice first, th en u se Qu ickBooks to record th e p aym en t. Th at way, Qu ickBooks lin ks you r tran saction s correctly to each oth er.
Qu ickBooks n eed s th is in form ation to com p u te accu rate tax in form ation an d p ayroll rep orts.
Item s are th e good s, services, an d oth er th in gs you bu y an d sell. To adjust an opening balance f or an account : 1 From th e Lists m en u , ch oose Ch art of Accou n ts.
Note: If you have not entered an opening balance for any of your accounts, you will have to create an Opening Bal Equity account. If you h ave en tered you r h istorical in voices an d p u rch ases, d o n ot in clu d e th e am ou n t you owe sin ce you r start d ate as th e GST an d PST you collected is in clu d ed on th em.
In stead , ch eck wh eth er you owe m ore th an th e in voices cover, an d if so, ad ju st you r GST or PST liability accord in gly. W h en you en ter u n p aid op en in g balan ces for cu stom ers, th e in com e is assign ed to an accou n t called Un categorized In com e.
Sim ilarly, wh en you en ter u n p aid balan ces for ven d ors, Qu ickBooks assign s th e exp en ses to th e Un categorized Exp en ses accou n t.
You r accou n tan t m ay wan t you to m ake an ad ju stm en t so th at th e in com e from all in voices an d th e exp en ses from all bills before th e start d ate are also tracked on an accru al basis, regard less of wh eth er p aym en t h as occu rred.
Ask you r accou n tan t if th is ap p lies to you. If you set u p you r com p an y in Qu ickBooks with a m id year start date an d you kn ow wh at you r in com e an d exp en ses are from th e begin n in g of you r fiscal year to you r start d ate, en ter ad ju stm en ts for th em. After you h ave en tered all of you r op en in g balan ces an d m ad e oth er ad ju stm en ts, you m ay wan t to d istribu te th e am ou n t in you r Op en in g Bal Eq u ity accou n t to oth er eq u ity accou n ts if you wan t to id en tify retain ed earn in gs or th e eq u ity of several own ers.
Asset accou n t op en in g balan ces in crease th e eq u ity; liability accou n t op en in g balan ces d ecrease th e eq u ity. Th e balan ce for th e Retain ed Earn in gs accou n t d oes n ot d isp lay on th e ch art of accou n ts.
If you d ecid e to add ad d ition al eq u ity accou n ts, Qu ickBooks still ad d s th e Retain ed Earn in gs an d Net In com e lin es on you r balan ce sh eet.
Th is action is ap p rop riate for com p an ies th at h ave bu ilt u p assets as a resu lt of earn in gs p rior to th e Qu ickBooks start date. Or, enter a zero opening balance and simply record draws from now on. In both Qu ickBooks an d you r form er accou n tin g system , create a p rofit an d loss statem en t an d a balan ce sh eet.
Each rep ort sh ou ld cover th e begin n in g of you r fiscal year th rou gh to you r Qu ickBooks start date. For exam ple, if you r fiscal year began on Ju ly 1 an d you r start d ate was Sep tem ber 1, create rep orts th at cover Ju ly 1 to Sep tem ber 1.
Both rep orts sh ou ld sh ow th e sam e balan ces for you r accou n ts. You sh ou ld keep an y software an d th e h ard ware you r form er accou n tin g system req u ires — or h ave p rin tou ts of all th e in form ation an d accou n tin g rep orts. If you u p d ate Qu ickBooks, d own load tax tables, receive tax alerts, an d so forth , you m ay h ave to d own load m u ltip le cop ies of th e n ew in form ation if th e com p an y files are in d ifferen t d irectories.
If you can read e-m ail or browse th e W eb, you are con n ected to th e In tern et. It allows you to take ad van tage of In tern et-on ly featu res in Qu ickBooks. If y o u a r e a n e w u s e r After you in stall Qu ickBooks, you are p rom p ted to activate Qu ickBooks, an d if you ch oose to d o so on lin e, Qu ickBooks h elp s you set u p yo u r In tern et con n ection.
Note: If you did not activate your copy of QuickBooks immediately after installation, you can do so at any time by choosing Activate QuickBooks from the File menu.
If you own ed a p reviou s version of Qu ickBooks, you r n ew software u ses th e sam e In tern et settin gs as you r p reviou s version. If you h ave ch an ged you r In tern et Service Provid er between th en an d n ow, or switch ed from u sin g a m od em to u sin g a d irect con n ection for exam p le, cable or DSL , you can ch an ge you r settin gs m an u ally.
If you h ave n ot u sed Qu ickBooks on you r co m p u ter before, th en th e first tim e you go on lin e for exam p le, to activate you r software , Qu ickBooks au tom atically lau n ch es th e In tern et Con n ection Setu p wizard. Click Next to m ove th rou gh th e screen s. If you n eed h elp at an y tim e, click Help. You can also set u p oth er ways Qu ickBooks can con n ect to th e In tern et. Doin g so gives you an altern ate way to con n ect to th e In tern et if you r regu lar con n ection is d own for som e reason.
Th e In tern et Con n ection Setu p d isp lays. Th e In tern et Prop erties d ialogu e box ap p ears. Follow th e on screen in stru ction s; click Next to m ove th rou gh th e screen s.
Each In tern et con n ection p rofile you create, is listed on th e first screen of th e In tern et Con n ection Setu p. If you sign ed u p for th e Qu ickBooks Payroll , Qu ickBooks ch ecks for n ew tax tables wh en ever you ch eck for oth er u p d ates to you r software. You can u se th is m eth od at an y tim e—even if you r com p u ter is set u p to d own load u p d ates au tom atically.
Qu ickBooks p eriodically ch ecks th e In tu it server for n ew u p d ates, an d d own loads th e in form ation grad u ally at tim es wh en you r op en In tern et con n ection is n ot bein g u sed by an oth er p rocess or ap p lication. W h en you recon n ect to th e In tern et, Qu ickBooks resu m es d own load in g at th e p oin t it was p reviou sly h alted.
W ith th is m eth od , Qu ickBooks on ly begin s th e d own load in g p rocess on ce you click Get Up d ates in th e Up d ate Qu ickBooks win d ow. After Qu ickBooks d own load s an u p d ate, th e p rogram in stalls th e n ecessary files to th e correct d irectories or fold ers on you r com p u ter. Note: Manual updates can also be performed when the Automatic Update option is turned on. On ce th e d own load p rocess is com p lete, Qu ickBooks d isp lays th e d ate an d tim e of th e d own load in th e Last Ch ecked colu m n.
In th e File Received colu m n , Qu ickBooks d isp lays th e statu s of th e d own load. Click th e text in th e Files Received colu m n for ad d ition al d etails abou t th e d own load.
Bef ore inst alling t he updat e f rom w w w. Th e File Down load win d ow op en s. Th is op tion saves a cop y of th e u p d ate to you r com p u ter for you to later in stall. Th e Save As win d ow ap p ears. If it d oes n ot start au tom atically, dou ble-click th e file you down load ed.
Extract th e files to a tem p orary fold er wh ere you can fin d th em again easily. Som e viru s p rotection p rogram s can in terfere with th e in stallation. Qu ickBooks sets u p a sh ared location to wh ich u p d ates are d own load ed. Th en , if an y u ser in a m u lti-u ser en viron m en t d own load s an d in stalls an u p d ate, Qu ickBooks d etects it an d p rom p ts each of th e u sers—as th ey op en th e p rogram —to in stall th e n ew version.
For m ore in form ation , con tact Cu stom er Service see p age W h en you receive th e CD, in stall th e u p d ate as you wou ld in stall an y oth er software. Bef ore inst alling f rom a CD Th ese in stru ction s m ay ch an ge from tim e to tim e. To inst all your Quick Book s updat e: 1 Sh u t d own all op en p rogram s, in clu d in g Qu ickBooks an d an y viru s p rotection software you m ay h ave. It con tain s im p ortan t in form ation abou t h ow you r software is affected by th is u p d ate, an d wh at you sh ou ld d o n ext.
Now you n eed to con vert you r d ata from you r form er accou n tin g software. You m ay also wan t to m ake som e ad ju stm en ts to you r com p an y file to take fu ll ad van tage of Qu ickBooks featu res.
Bef ore you convert t o Quick Book s, back up your Quick en dat a f ile. If you plan to continue using Quicken w ith this data for exam ple, if you have both busi- ness and personal data in your Quicken file , m ake a copy of the Quicken file before you m ake changes. For instructions on backing up a Quicken file, see the docum entation that cam e w ith your softw are. QuickBooks data files are called com pany files and they are not com patible w ith and cannot be converted back to Quicken data files.
Note: Do not uninstall Quicken before installing QuickBooks and converting to it. Note: All transfers to and from the deleted accounts will be converted as transactions to your opening balance equity account to ensure that your accounts balance.
In th is case, you sh ou ld con tin u e trackin g you r in vestm en ts in Qu icken an d u pd ate th e balan ce of you r Qu ickBooks Oth er Cu rren t Asset accou n ts p eriod ically.
For exam ple, print any cheques you have pending. If th e Qu ickFill op tion for m em orizin g all tran saction s is tu rn ed off in Qu icken , Qu ickBooks con verts both you r m em orized tran saction s an d you r sch ed u led tran saction s. On th e oth er h an d , if th e op tion is tu rn ed on , Qu ickBooks con verts on ly sch ed u led tran saction s an d you r tran saction grou p s.
It d oes n ot con vert stan d -alon e m em orized tran saction s. Qu ickBooks always con verts tran saction grou p s. After th e con version is com p lete, you can rem ove th e m em orized tran saction s from th e grou p an d u se th em as you did in Qu icken.
For in form ation abou t tran saction grou p s in Qu icken , look in you r Qu icken d ocu m en tation. Note: Memorized transactions from Quicken accounts payable will not work properly in QuickBooks accounts payable. You should delete these before you convert your data. For exam p le, if you h ave a cu stom er listed as Dan Miller, D.
Miller, an d Dan iel Miller, you sh ou ld ed it th ese n am es before you con vert so th at th e cu stom er goes by on ly on e n am e. If y o u u s e o n lin e b a n k in g You can ban k on lin e with p articip atin g fin an cial in stitu tion s th rou gh Qu ickBooks ju st as you can in Qu icken.
However, n ot all in stitu tion s th at work with Qu icken also work with Qu ickBooks. Con tact you r fin an cial in stitu tion before con vertin g to con firm th at it su p p orts Qu ickBooks.
If it d oes n ot, an on lin e accou n t in Qu icken will n ot rem ain an on lin e accou n t after th e con version to Qu ickBooks. Supports online account You w ill need to re-enable access in both Quicken and your online accounts in Quick- QuickBooks Books after conversion.
Also, Qu ickBooks d oes n ot create an y sort of lin k between you r Qu icken d ata an d you r n ew Qu ickBooks com p an y. In stead , Qu ickBooks creates a com p letely n ew set of files for you to u se. Th e Im p ortan t Docu - m en tation win d ow ap p ears. As th e con version fin ish es, Qu ickBooks gives you a list of n am es to wh ich you m ad e p aym en ts bu t wh ich you h ave n ot u sed in you r accou n ts receivable accou n t.
If you wan t to u se Qu ickBooks accou n t p ayable, be su re to m ove you r Qu icken p ayees oth er th an em p loyees from th e Oth er Nam es list to th e Ven d or list. How ever, once m oved, you cannot m ove a nam e again. W h en all th e n am es are m arked correctly, click OK. To restore all the check m arks to the Other Nam e colum n, click Revert.
Stewart, Tracey Stewart, an d Tracey L. Stewart , Qu ickBooks p u ts each version of th e n am e in th e Oth er Nam es list. However, you can m erge th e n am es to sh orten th e Oth er Nam es list. If you wan t Qu ickBooks to track tax in form ation for you , you m u st also select th e tax form you file from th e d rop -d own m en u. Now you can cu stom ize Qu ickBooks for you r n eed s. Th en click th e Accou n t m en u bu tton at th e bottom of th e win d ow an d ch oose Edit.
If th e accou n t h as n o Accou n t Details tab in th e Ed it Accou n t win d ow, it is n ot on lin e in Qu ickBooks. An accou n t th at was on lin e in Qu icken will n ot be on lin e in Qu ick- Books if th e fin an cial in stitu tion d oes n ot work on lin e with Qu ickBooks. W h en you create a n ew accou n t an d en ter its op en in g balan ce, Qu ickBooks en ters th at am ou n t in th e Op en in g Bal Eq u ity accou n t, so th at you r accou n ts balan ce.
You can leave th e Op en in g Bal Eq u ity total alon e, or you can d istribu te am ou n ts from it to oth er eq u ity accou n ts. Qu ickBooks m akes it easy to m ake ch an ges at an y tim e.
Qu ickBooks con verts th e tran saction s in th is accou n t in to h istorical tran saction s in you r jou rn al, wh ich in d icate wh at you owe an d to wh om.
For a cash -basis system , Qu icken recom m en d s u sin g a Ban k accou n t an d sim p ly p ostd atin g ch eq u es. For an accru al-basis system , Qu icken recom m en ds u sin g an Oth er Liability accou n t. Th e tran sition to Qu ickBooks accou n ts p ayable is th e sam e for eith er system. No m atter wh ich m eth od you were u sin g in Qu icken , from n ow on , u se th e En ter Bills win d ow to track you r bills.
Th e En ter Bills win d ow tracks you r bills in th e Accou n ts Payable accou n t. Make su re th e d ate ran ge is set to Include all dates, th en p rin t th e rep ort for referen ce. En ter an y n ew bills in to Qu ickBooks accou n ts p ayable. You also n eed to d elete an d re-en ter an y m em orized tran saction s th at Qu ickBooks con verted for you from Qu icken accou n ts p ayable, as th ey will n ot work p rop erly in Qu ickBooks accou n ts p ayable.
Qu ickBooks u ses a few term s th at are stan d ard in bu sin ess bookkeep in g an d th at reflect th e in creased p ower an d con ven ien ce of Qu ickBooks for bu sin ess. Th is table lists th e m ost im p ortan t d ifferen ces in term s. It d oes n ot list th e m an y com p letely n ew Qu ickBooks featu res an d term s. Q u ic k e n Q u ic k B o o k s D e f in it io n t e rm t e rm Account Balance sheet account A grouping of records related to one kind of asset, liability, or equity.
These accounts appear on a balance sheet. Category Incom e or expense A grouping of transactions related to one kind of account incom e or expense.
These accounts appear on a profit and loss state- m ent incom e statem ent. Fe a t u r e d if f e r e n c e s Th e followin g table lists featu res th at exist in both Qu icken an d Qu ickBooks, bu t th at work d ifferen tly in Qu ickBooks th an in Qu icken.
Fe a t u r e Q u ic k e n Q u ic k B o o k s Entering Enters m ost transactions in regis- Enters m ost transactions in form s transactions ters. Write Cheques Displays a cheque that looks like a Displays a business cheque w ith paper cheque. No gory from a class in transactions. In QuickBooks, projects or jobs can be linked to custom ers as part of the Custom er:Job list, so you can use classes for different kinds of classification.
Transfers Uses brackets [ ] to indicate a No need to use brackets. Quick- transfer to another balance sheet Books handles transfers like any account. Passw ords One passw ord for entering and Custom izable passw ord and per- view ing data.
Subaccounts Categories can have subcatego- M ost accounts, even balance sheet ries, but accounts cannot have accounts, can have subaccounts. Payroll accounts if A separate liability account for You can continue using your old you set up your each tax w ithheld and for every liability accounts.
How ever, by accounts as other payroll liability. W h en you con vert a Qu icken file, th e p rogram au tom atically creates Qu ickBooks accou n ts m ost like you r Qu icken accou n ts. For exam p le, Qu icken som etim es u ses liability accou n ts in stead of eq u ity accou n ts. In Qu ickBooks, you can m ake th em eq u ity accou n ts.
However, th ey will ap p ear in ch ron ological ord er. A bout paym ent s, credit m em os, and ref unds. Credit m em os and refund cheques, like paym ents, are also applied in chronological order based on invoice dates, so their links m ay also be different after conversion. Qu ickBooks d oes n ot ch an ge you r origin al Qu icken file in an y way as it im p orts in form ation from it, n or d oes it create an y con n ection between it an d you r n ew Qu ickBooks com p an y.
You can con tin u e to u se you r origin al file with Qu icken. D o not use online bank ing f or t he sam e account in bot h program s. If you track the sam e account in both Quicken and QuickBooks, you can only use online banking in one program. If you try to use online banking for the sam e account in tw o different program s, it w ill not w ork correctly.
Qu icken u p d ates th e m arket valu es wh en you en ter th e latest sh are p rices, an d it rep orts on average an n u al total retu rn , cap ital gain s, an d in vestm en t in com e. After you h ave fin ish ed con vertin g, som e ad ju stm en ts m ay n eed to be m ad e to you r n ew Qu ickBooks com p an y to take ad van tage of th e Qu ickBooks featu res th at MYOB d oes n ot offer. Note: Before converting, verify and optimize your MYOB company file to ensure that there are no data integrity issues with your data.
If there are data integrity issues, the need to be resolved before you can convert to QuickBooks. Th e W elcom e to Qu ickBooks win d ow ap p ears. Th e con version p rocess m ay take som e tim e d ep en d in g on th e size of you r com p an y file. At th is tim e, you can view th e log file to see th e resu lts of th e con version.
Click th e Finish bu tton to close th e assistan t an d start u sin g Qu ickBooks. W h en th e con version is d on e, a n ew Qu ickBooks com p an y file is op en con tain in g you r MYOB d ata an d is ready for you to begin u sin g.
To h elp fam iliarize you rself with Qu ickBooks, h ere are som e th in gs th at we su ggest you d o. It com es with two exercise com p an y files you can u se to p ractice en terin g tran saction s. To op en it, go to th e Help m en u an d select Quick- Books Coach. Th is in teractive tu torial lets you p ractice com m on tasks with ou t affectin g an y d ata in you r com p an y file.
You can com p lete it in 15 m in u tes. From th e Com p an y n avigator, click Chart of Accounts. Th is is becau se th e accou n t balan ces in you r MYOB file m ay in clu d e tran saction s th at were en tered after th e ch osen "con version d ate". Cu stom ers an d ven d ors are add ed to Qu ickBooks lists. To see you r cu stom er list, op en th e Cu stom ers n avigator an d click Customers.
To see a list of you r ven d ors, op en th e Ven dors n avigator an d click Vendors. Navigators gath er in form ation from you r d ata an d d isp lay it in on e location so you can m an age you r bu sin ess m ore effectively. The navigators are listed here. To open a navigator, click the nam e of the navigator in this list. The flow chart depicts activities related to dealing w ith custom ers.
In this area, QuickBooks Here, you have easy access to reports provides suggestions for related to custom er activities. You can w orking w ith your also custom ize this by adding reports custom ers. Payroll d ata is on e su ch com p on en t. As a resu lt, Qu ickBooks can con vert som e of you r p ayroll d ata, bu t n ot en ou gh of it to con tin u e d isp ersin g p ayroll to you r em p loyees.
Th ese step s teach you h ow to q u ickly set u p you r em p loyees in Qu ickBooks. For d etails on h ow to u se Qu ickBooks p ayroll featu res, read Ch ap ter 7, Payroll an d em p loyees, begin n in g on page W e recom m en d th at you read th is ch ap ter in its en tirety before you rem it you r first p ayroll ch eq u e.
You can also search th e Help in d ex, or click F1 on an y win d ow in Qu ickBooks for con text-sen sitive h elp. But when we do it for the first time, we need to turn it on.
And do editing on the sales tax tab. Now set up all your business account with QuickBooks Online. This will save your time, and reduce the chance of error while downloading the bank transactions directly from your account. In QuickBooks Online, you can import transactions in two different ways;. Here you can find 3 reports that are used to track the cost center. And the reports are;. With the help of the project center, you can centralize your projects.
And can add project transactions like invoices, expenses, quotes, timesheets, and invoice payments. You can reconcile accounts, correct mistakes, and fix the reconciliation discrepancies , by using the QuickBooks Online bank reconciliation process. Each report contains a specific data type. Use the search field to find a particular type of report in QuickBooks Online. Here you can access the profit, and loss report, balance report, can customize a report, create report groups, and can automate reports.
You can access all the QuickBooks user manuals, guides, and demos for the selected editions of QuickBooks Desktop , , , Terms and conditions, features, support, pricing, and service options subject to change without notice. No tricks and all treats this BAS deadline. Find out more Find out more. For Businesses For Businesses. For Advisors For Advisors. Call Sales : QuickBooks Online Powerful accounting tools for small and growing businesses.
QuickBooks Self-Employed Simple accounting tools with just the basics. QuickBooks Time Tracking Simply smarter team, time and project tracking. Cash Flow. Mobile App. Make the switch. See all features. Search Industry picker. Help me choose Use our product selector to find the best accounting software for you. For Advisors For you. QuickBooks Online Accountant Manage your practice and your clients in one place.
For your clients. QuickBooks Online Powerful accounting tools for your clients. QuickBooks Payroll Payroll that's built for small business.
QuickBooks Time Simply smarter team, time and project tracking. Advisor Resource Centre. Product Updates. Advisor Blog. Book free onboarding.
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