A Beginners Guide to QuickBooks Online 2023 E-Book

Michael D. Plott

• Herausgeber: Richardson Dunne
• Kategorie: Fachliteratur
• Sprache: Englisch

Veröffentlichungsjahr: 2022

Beschreibung

<h4>Mastering the most widely used cloud bookkeeping and accounting software just became easier!</h4><h4><br></h4><p>This book provides excellent and current information on QuickBooks Online, demonstrating how to use it to its fullest potential and take advantage of all of its features. This book offers the most recent information on the latest QuickBooks Online edition that you will not find elsewhere, making it a total resource for workers, churches, nonprofits, small business owners, managers and more. This guide will help you make smart business decisions, learn how to set up a new company from beginning, link bank accounts, prepare and send invoices, pay bills, process payroll, and build custom reports. You will develop the skills necessary to successfully navigate through each aspect of QuickBooks Online thanks to this step-by-step manual.</p><p><b>This comprehensive guide includes details on:</b></p><ul><li>A comprehensive Kickstart guide to get started with QuickBooks Online.<br></li><li>Key distinctions between QuickBooks Online and QuickBooks Desktop, and reasons to choose one over the other.<br></li><li>Creating a customized QuickBooks experience.<br></li><li>Configuring your QuickBooks Online program, inputting company information, and linking your bank and credit card accounts.<br></li><li>How to set up customer lists, vendor lists, product and service lists with helpful hints<br></li><li>How to set up your chart of accounts and all you need to know about them<br></li><li>Bills, including recording, maintaining, categorizing, and paying bills.<br></li><li>Transactions, including finding, editing, and reviewing transactions using account registers and manually adding transactions to an account.<br></li><li>All the information you need to know about billing.<br></li><li>Creating personalized checks<br></li><li>QuickBooks Payroll setup, employee setup, payroll processing, and much more!</li></ul><p>Engaging with QuickBooks Online will indeed be significantly easier after reading this extensive guide. Consequently, this user-friendly accounting and bookkeeping technology, QuickBooks Online will make your job much simpler and less complicated.</p><p>Are you prepared to learn the most widely used accounting program on the planet? What are you waiting for?</p><p>Scroll up and click on "Buy now" to Become a QuickBooks Pro!<br><br></p>
 

Leseprobe

A Beginners Guide to QuickBooks Online 2023

A Step-by-Step Guide and Quick Reference for Small Business Owners, Churches, & Nonprofits to Track their Finances and Master QuickBooks Online

Michael D. Plott

Copyright © 2022 Michael D. Plott

All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Contents

Chapter 1: Getting Started with QuickBooks Online

1.1 How Does QuickBooks Work and What Is It Used for?

1.2 The Advantages of QuickBooks for Small Businesses

1.2.1 Tracking Mileage

1.2.2 Scanning Receipts

1.2.3 Online Payment Acceptance

1.2.4 Tax Simplification

1.2.5 Inventory Tracking

1.2.6 Man Hours Monitoring and Payroll Processing

1.2.7 Financial Statements

1.2.8 Monitor Your Expenses & Bill

1.2.9 Invoice Creation and Tracking

1.3 QuickBooks Subscription Options

1.3.1 QuickBooks Desktop

1.3.2 QuickBooks for Mac

1.3.3 QuickBooks Self-Employed

1.3.4 Additional QuickBooks Product

Chapter 2: QuickBooks Desktop Versus Online

2.1 QuickBooks Desktop

2.1.1 Advantages

2.1.2 Disadvantages

2.2 QuickBooks Online

2.2.1 Advantages

2.2.2 Disadvantages

2.3 What Sets QuickBooks Online Apart from QuickBooks Desktop

2.4 System Requirements

2.4.1 Browser Requirements

2.4.2 Recommended Internet Speeds & System Requirements

2.4.3 Minimum Internet Speeds & System Requirements

2.5 QuickBooks Online Subscription Levels and Pricing

2.5.1 Self-Employed

2.5.2 Simple Start

2.5.3 Essentials

2.5.4 Plus

2.5.5 Advanced

2.6 Payroll Subscription Packages

2.6.1 Payroll Core

2.6.2 Payroll Premium

2.6.3 Payroll Elite

Chapter 3: Fundamentals of Accounting

3.1 Categories of Accounting

3.1.1 Owner’s equity

3.1.2 Income

3.1.3 Expenses

3.1.4 Assets

3.1.5 Liabilities

3.2 Principles of Accounting

3.2.1 Historical Cost Principle

3.2.2 Revenue Recognition Principle

3.2.3 Full Disclosure Principle

3.2.4 Matching Principle

3.2.5 Objectivity Principle

3.3 Financial Statements

3.3.1 Statement of Cash Flows

3.3.2 Balance Sheet

3.3.3 Income and Expenditure Statement

3.4 Double Entry Accounting System

3.5 Fields of Accounting

3.5.1 Managerial Accounting

3.5.2 Financial Accounting

3.5.3 Cost Accounting

Chapter 4: Getting Started with QuickBooks Online

4.1 Layout

4.1.1 Dashboard

4.1.2 Search Bar

4.1.3 Left Navigation

4.1.4 Gear Icon

4.1.5 Hamburger Icon

4.1.6 Create "+" Icon

4.1.7 Client Dropdown

4.1.8 Accountant Toolbox

4.1.9 Becoming Accustomed to the Layout

4.2 Charts of Accounts Configuration

4.3 Settings Configuration

4.4 Setting Recurring Transaction on QBO Plus or Essentials

4.5 Connecting Credit Card and Bank Accounts

4.5.1 Setting up Credit Card and Bank Accounts Connection to QuickBooks

4.6 Categorizing Transactions in QBO

4.7 Viewing Available Reports

4.8 Custom Invoices

4.9 Converting from QuickBooks Desktop to Online

Chapter 5: Chart of Accounts

5.1 Account Types

5.1.1 Income

5.1.2 Expenses

5.1.3 Assets

5.1.4 Liabilities

5.2 Accessing Chart of Accounts

5.3 Setting up Chart of Accounts

5.3.1 Creating Account Names

5.3.2 Assigning Account Numbers to Company Accounts

5.3.3 Classifying Account Names into Any of the 4 Main Categories of Accounts

5.4 Chart of Accounts Organization

5.4.1 Monitoring Account Activity

5.4.2 Adding Financial Statements

5.4.3 Sub-Accounts Generation

5.4.4 Clear Account Names

Chapter 6: Lists

6.1 Products and Services List

6.1.1 Creating New Product or Service Item

6.1.2 Tips for Creating New Product or Service Item

6.2 Customers List

6.2.1 Sub-Customer Alternative

6.2.2 Adding a Personal Touch to Customers List

6.2.3 Historical Transactions

6.2.4 Adding Tax Info, Attachments and Notes to Customers

6.3 Vendors List

6.4 In Summary

Chapter 7: Transactions

7.1 Add Transactions to QBO Manually

7.2 Edit, Review, & Search for Transactions in Account Registers

7.2.1 Account Registers

7.2.2 Searching for a Transaction

7.2.3 Sorting Transaction

7.2.4 Changing View or Removing Columns

7.2.5 Sorting Transactions by Values

7.2.6 Filtering a Transaction

7.2.7 Editing a Transaction

7.3 Bills

7.3.1 Recording Payments of Bills and Tracking Bills

7.3.2 Bill Payment in QuickBooks

7.3.3 Entering Early Payment Discounts

7.3.4 Payment Method Setup

7.3.5 Bill Management

7.3.6 Electing to Pay Selected Bills

7.3.7 Removing Payments

7.3.8 Vendor Electronic Payments/Bank Transfer Set up

7.3.9 Adding a Vendor's Bank Details

7.3.10 Bank Transfers Configuration in Bill Pay Online

7.4 Creating and Recording Checks

Chapter 8: Invoicing

8.1 Creating an Invoice

8.2 Sending an Invoice

8.2.1 Printing an Invoice

8.2.2 Sharing Invoice Link via Messenger or SMS

8.2.3 Sharing Invoice to WhatsApp

8.3 Reviewing Open Invoices

8.4 Creating Invoices for Nonprofits

8.4.1 Setting up Donor Type with QBO for Nonprofits

Chapter 9: Payroll

9.1 Payroll Setup

9.1.1 Payroll: Getting Started

9.1.2 Employee Information

9.1.3 Adding Employees

9.1.4 Other Employee Information

9.1.4.1 Employee Pay

9.1.4.2 Pay Schedule

9.1.4.3 Employee Withholding Information

9.1.4.4 Employee Contributions or Deductions

9.1.4.5 Payment Method

9.1.4.6 YTD Payroll Information

9.1.4.7 Payroll Setup Summary

9.2 Processing Your First Payroll

9.2.1 Run Payroll

9.2.2 Fill Current Hours

9.2.3 Reviewing and Submitting Payroll

Conclusion

Chapter 1: Getting Started with QuickBooks Online

1.1 How Does QuickBooks Work and What Is It Used for?

The most widely used small business accounting program for keeping track of revenue, spending, and the financial health of a company is known as QuickBooks. It can be used to generate reports, pay bills, prepare taxes, and invoice clients. Everybody, from a freelancer to a mid-sized firm, can benefit from a number of the solutions in the QuickBooks product line.

Although QuickBooks has a number of alternatives, I advise QuickBooks Online for the majority of new businesses. With a 30-day, no-credit-card-needed trial, you may sample QuickBooks Online without paying anything.

1.2 The Advantages of QuickBooks for Small Businesses

QuickBooks is frequently used by small business owners to monitor their cash flow, handle their invoices, and manage their payments. Furthermore, they generate monthly and yearly financial statements and use them to prepare for annual or quarterly taxation. Business owners can choose to manage QuickBooks themselves or hire an internal or external accountant.

1.2.1 Tracking Mileage

Several owners/employees and self-employed people drive their personal cars to work. For 2021, this gives a substantial tax deduction of 56 cents for each mile. You should, however, maintain a record of the reason, mileage, and date of your travel in order to qualify for the deduction.

This is quite straightforward using QuickBooks Online. The QBO mobile application will automatically determine anytime you are in a moving car using the GPS in your smartphone. Afterwards, you can evaluate your travels and include a message describing every business trip's objective.