Book Image

Mastering Quickbooks® 2023, Fourth Edition - Fourth Edition

By : Crystalynn Shelton
Book Image

Mastering Quickbooks® 2023, Fourth Edition - Fourth Edition

By: Crystalynn Shelton

Overview of this book

Mastering QuickBooks® 2023 is a comprehensive guide that covers everything you need to know to master QuickBooks, from setting up your accounts and managing your transactions to generating reports and integrating with other software. With step-by-step instructions, real-world examples, and practical tips and tricks, this book is designed to help small business owners, independent contractors, and bookkeepers optimize their financial management and streamline their business operations.
Table of Contents (28 chapters)
1
Section I: Setting Up Your Company File
7
Section II: Recording Transactions in QuickBooks Online
12
Section III: Generating Reports in QuickBooks Online
17
Section IV: Managing Employees and Contractors
19
Section V: Closing the Books and Handling Special Transactions
24
QuickBooks Certified User Exam Objectives
25
Other Books You May Enjoy
26
Index
Appendix

Managing products and services lists in QuickBooks Online

The products and services that you sell are referred to as items in QuickBooks. You can track all of the products and services that you sell in QuickBooks Online. This includes the product name, product (item) number, product description, cost, selling price, and quantity on hand. It’s important to set up products and/or services so that you can easily invoice customers for their purchases. In addition, these items are linked to an account on the chart of accounts so that QuickBooks can do the accounting behind the scenes for you. Once you have added products and services to QuickBooks, you will be able to run detailed reports on the products and services you sell.

In this section, we will cover how to manually add items, how to import items, how to modify existing items, how to inactivate items, and how to merge items in QuickBooks Online. You will need to create items in order to invoice customers.

Pro...