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Mastering QuickBooks 2020

Mastering QuickBooks 2020

By : Crystalynn Shelton
4.5 (10)
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Mastering QuickBooks 2020

Mastering QuickBooks 2020

4.5 (10)
By: Crystalynn Shelton

Overview of this book

Intuit QuickBooks is an accounting software package that helps small business owners to manage all their bookkeeping tasks. Its complete range of accounting capabilities, such as tracking income and expenses, managing payroll, simplifying taxes, and accepting online payments, makes QuickBooks software a must-have for business owners and aspiring bookkeepers. This book is a handy guide to using QuickBooks Online to manage accounting tasks and drawing business insights by generating reports easily. Using a fictitious company, the book demonstrates how to create a QuickBooks Online account; customize key settings for a business; manage customers, vendors, and products and services; generate reports; and close the books at the end of the period. QuickBooks records your debits and credits, so you don't need to learn accounting. However, you will find out what happens under the hood and understand how your financial statements are impacted by what you do in QuickBooks. You'll also discover tips, shortcuts, and best practices that will help you save time and become a QuickBooks pro. By the end of this book, you'll have become well-versed with the features of QuickBooks and be able to set up your business and manage all bookkeeping tasks with ease.
Table of Contents (19 chapters)
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Vendor and Expenses Reports

Having access to reports that will give you a detailed insight into what your expenses are, who you are paying, and the amount paid to each vendor will help you to control expenses, in order to maintain a profitable business. There are a number of reports in QuickBooks Online (QBO) that will give you insight into the money you owe to vendor suppliers and other creditors. 

We will dive into the information you can expect to find on each report, how to customize the report, and how to generate it. We will also discuss ways you can use the report to help you manage your expenses and cash flow. I recommend you run these reports and review them on a weekly basis. Having access to this information will help you to manage your cash flow and stay on top of the money that goes out of your business.

In this chapter, we will focus on the following key reports...

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