Book Image

Mastering QuickBooks 2020

By : Crystalynn Shelton
Book Image

Mastering QuickBooks 2020

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)

Managing Customers, Vendors, Products, and Services

Now that you've created your company files, it's time to add the people you do business with on a regular basis. This includes your customers that you sell your products and services to, and the vendors who you purchase services and supplies from. We will also cover how to create your products and services list in QuickBooks Online so that you can keep track of your sales.

In this chapter, we will cover the following key concepts:

  • Managing customers in QuickBooks Online
  • Managing vendors in QuickBooks Online
  • Managing products and services in QuickBooks Online

By the end of this chapter, you will understand how to add, edit, and delete customers, vendors, and the products and services that you sell.