In this chapter, you have learned how to handle many special transactions in QuickBooks Online. You may be able to take advantage of a few of these now or keep them in your back pocket for later on when you need them. To recap, you now know how to locate apps in the QuickBooks apps store and add them to QuickBooks. We have shown you how to manage credit card payments from customers and how to customize sales templates such as invoices to fit your business style and brand. For those expenses that occur often, you know how to add them to QuickBooks as recurring transactions and use them when needed. If you obtain a business loan or line of credit, you know how to set these up in QuickBooks and track payments. For those incidental purchases, you can create a petty cash account, track purchases, and reconcile the account, just like bank accounts. We also discussed the importance...

Mastering QuickBooks 2020
By :

Mastering QuickBooks 2020
By:
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)
Preface
Getting Started with QuickBooks Online
Company File Setup
Migrating to QuickBooks Online
Customizing QuickBooks for Your Business
Managing Customers, Vendors, Products, and Services
Recording Sales Transactions in QuickBooks Online
Recording Expenses in QuickBooks Online
Managing Downloaded Bank and Credit Card Transactions
Report Center Overview
Business Overview Reports
Customer Sales Reports in QuickBooks Online
Vendor and Expenses Reports
Managing Payroll in QuickBooks Online
Managing 1099 Contractors in QuickBooks Online
Closing the Books in QuickBooks Online
Handling Special Transactions in QuickBooks Online
Shortcuts and Test Drive
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