Mastering QuickBooks(R) 2022 - Third Edition (E-book) Chorzów

Whether you have bookkeeping experience or not, handling the financial side of your growing business requires expertise. With Mastering QuickBooks(R) 2022, Third Edition, you'll learn how to use QuickBooks(R) to build the perfect budget, simplify tax return preparation, manage inventory, track job costs, generate income statements and financial reports, and perform all accounting-related tasks with ease. Throughout the book, you'll be guided by an experienced Certified Public Accountant and Advanced Certified QuickBooks ProAdvisor - from setup to core features and beyond. This new edition has every chapter revised to cover a range of new features and updates available, including smart invoicing and cash flow projections. You'll learn how to create multilingual invoices, track mileage, work with a cash flow dashboard that helps you with cash forecasting and planning reports, and upload batches of bills and checks. This book will also teach you how to manage sales tax, including how to set up, collect, track, pay, and report sales tax payments. In addition to this, you'll explore how to export reports to Google Sheets, use the custom chart builder, import budgets, and perform smart reporting. By the end of this book, you'll be well-versed with QuickBooks and have the confidence to manage all your bookkeeping tasks with ease. Spis treści: Preface Who this book is for What this book covers To get the most out of this book Get in touch Section 1: Setting Up Your Company File Getting Started with QuickBooks Online What is QuickBooks? Exploring QuickBooks Online editions Choosing the right QuickBooks Online edition QBO Simple Start QBO Essentials QBO Plus QBO Advanced Creating a QuickBooks Online account Navigating in QuickBooks Online QuickBooks Online dashboard and left navigation bar QuickBooks Online icons QuickBooks Online menus Small business bookkeeping 101 Recording sales Recording expenses Recording inventory and fixed asset purchases Recording liabilities Understanding the chart of accounts Choosing an accounting method Understanding how double-entry bookkeeping works Summary QuickBooks Online Advanced Accessing the QBO Advanced test drive account Setting up customized fields Managing customized user permissions Using workflow automation Importing invoices and budgets into QuickBooks Online Importing budgets into QuickBooks Online Batch-creating invoices in QuickBooks Online Smart Invoicing Reclassify transactions Custom reminders DocuSign integration Using online backup and restore Utilizing the performance center and custom charts Fathom reporting app Priority Circle membership Summary Company File Setup Key information and documents required to complete the company file setup in QuickBooks Online Setting up company preferences in QuickBooks Online Company settings Billing & Subscription settings Usage settings Sales settings Expenses settings Payment settings Advanced settings Summary Migrating to QuickBooks Online Questions to ask yourself in preparation for data conversion Choosing your QuickBooks start date Converting from another accounting software or Excel to QBO Recording details of historical data in QBO Importing data into QBO Recording a summary journal entry of historical data in QBO Reasons not to convert from QuickBooks Desktop to QBO Functionality not available in QBO QuickBooks Desktop data that will not convert to QBO Converting QuickBooks Desktop data to QBO Checking the target count Creating a QBO account Backing up your QuickBooks Desktop file Checking for updates Running the QuickBooks Desktop conversion to QuickBooks Online tool Logging in to QBO Verifying that all of your data was converted Summary Customizing QuickBooks for Your Business Customizing the chart of accounts list Adding a new account to the chart of accounts list Importing a chart of accounts list Editing accounts on the chart of accounts list Inactivating an account on the chart of accounts list Reactivating an account on the chart of accounts list Merging accounts in QuickBooks Online Connecting bank accounts to QuickBooks Online Importing banking transactions automatically Uploading banking transactions from an Excel CSV file Connecting credit card accounts to QuickBooks Online Importing credit card transactions automatically Uploading credit card transactions from an Excel CSV file Giving other users access to your QuickBooks data Standard user Company administrator Reports-only user Time tracking user Accountant user Summary Managing Customer, Vendor, and Products and Services Lists Managing customer lists in QuickBooks Online Manually adding customers in QuickBooks Online Importing customers into QuickBooks Online Making changes to existing customers in QuickBooks Online Inactivating customers in QuickBooks Online Merging customers in QuickBooks Online Managing vendor lists in QuickBooks Online Manually adding vendors in QuickBooks Online Importing vendors into QuickBooks Online Making changes to existing vendors in QuickBooks Online Inactivating vendors in QuickBooks Online Merging vendors in QuickBooks Online Managing products and services lists in QuickBooks Online Manually adding products and services in QuickBooks Online Importing products and services in QuickBooks Online Making changes to existing products and services in QuickBooks Online Inactivating products and services in QuickBooks Online Merging products and services in QuickBooks Online Summary Section 2: Recording Transactions in QuickBooks Online Managing Sales Tax Setting up sales tax in QuickBooks Online Creating an invoice that includes sales tax Sales tax reports Paying sales tax when it comes due Summary Recording Sales Transactions in QuickBooks Online Understanding sales forms Recording income using a sales receipt Recording income using a deposit Recording income using a sales invoice Recording customer payments Recording payments to the undeposited funds account Issuing credit memos and refunds to customers Summary Recording Expenses in QuickBooks Online Entering and paying bills Entering bills into QuickBooks Online Entering vendor credits into QuickBooks Online Paying bills in QuickBooks Online Managing recurring expenses Writing checks Printing checks Editing, voiding, and deleting expenses Capturing and categorizing receipts and bills Summary Reconciling Downloaded Bank and Credit Card Transactions Overview of the Banking Center Matching transactions Editing banking transactions Understanding bank rules How do you want to apply this rule? Reconciling accounts Summary Section 3: Generating Reports in QuickBooks Online Report Center Overview Navigating the report center Reports available in the report center Customizing reports General report customizations Row and column report customization Using filters to customize reports Header and footer report customization Saving a customized report Exporting reports Exporting reports to Excel Exporting reports to PDF Sending reports via email Summary Business Overview Reports Understanding profit and loss statements Generating balance sheet reports Understanding the statement of cash flows Creating a budget Using the Cash Flow planner Generating the Audit Log report Summary Customer Sales Reports in QuickBooks Online Generating an accounts receivable aging report Generating an open invoices report Generating a sales by client report Generating a sales by product/service report Summary Vendor and Expenses Reports Generating an accounts payable (A/P) aging report Generating an unpaid bills report Generating an expenses by vendor summary report Generating a bill payments report Summary Section 4: Managing Employees and Contractors Managing Payroll in QuickBooks Online Setting up payroll Payroll setup checklist and key documents Setting up payroll in QBO Running payroll Generating payroll reports Filing payroll tax forms and payments Summary Managing 1099 Contractors in QuickBooks Online Setting up 1099 contractors Tracking and paying 1099 contractors 1099 year-end reporting Summary Section 5: Closing the Books and Handling Special Transactions Closing the Books in QuickBooks Online Reviewing a checklist for closing your books Reconciling all bank and credit card accounts Making year-end accrual adjustments Reviewing new fixed asset purchases and adding them to the chart of accounts Making depreciation journal entries Taking physical inventory and reconciling this with your books Adjusting retained earnings for owner/partner distributions Recording journal entries Setting a closing date and password Preparing key financial reports Giving your accountant access to your data Summary Handling Special Transactions in QuickBooks Online Using apps in QuickBooks Online Overview of the QuickBooks App Center Finding apps for your business Managing credit card payments Customizing sales templates Setting up business loans and lines of credit Adding a business loan or line of credit to the chart of accounts Making payments on a loan or line of credit Managing petty cash Adding a petty cash account in QuickBooks Recording petty cash transactions Replenishing petty cash Reconciling petty cash Recording bad debt expense Creating a bad debt item Creating a credit memo Applying a credit memo to an outstanding customer invoice Tracking delayed charges and credits Summary Appendix Shortcuts and Test Drive QuickBooks Online keyboard shortcuts QuickBooks Online test drive Discount on a QuickBooks Online account QuickBooks Certified User Exam Objectives Other Books You May Enjoy Index