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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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Managing credit card payments

In addition to cash and checks, you should accept credit cards as another form of payment. While there are fees associated with accepting credit card payments, there are several benefits. First, you can get paid faster with a credit card than waiting to receive a check in the mail. Second, if you sign up for an Intuit Payments account, you can email customers their invoice, which includes a payment link. They can click on the link, enter their payment information, and pay their invoice in a matter of minutes. Best of all, QuickBooks will mark the invoice as paid, which automatically reduces your accounts receivable balance. As we discussed in Chapter 6, Recording Sales Transactions in QuickBooks Online, you can send your customers payment reminder emails, which will include a copy of the open invoices, along with a payment link. 

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