Book Image

Mastering QuickBooks 2022 - Third Edition

By : Crystalynn Shelton
Book Image

Mastering QuickBooks 2022 - Third Edition

By: Crystalynn Shelton

Overview of this book

Whether you have bookkeeping experience or not, handling the financial side of your growing business requires expertise. With Mastering QuickBooks® 2022, Third Edition, you’ll learn how to use QuickBooks® 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.
Table of Contents (27 chapters)
Free Chapter
1
Section 1: Setting Up Your Company File
8
Section 2: Recording Transactions in QuickBooks Online
13
Section 3: Generating Reports in QuickBooks Online
18
Section 4: Managing Employees and Contractors
21
Section 5: Closing the Books and Handling Special Transactions
24
Other Books You May Enjoy
25
Index

Using the Cash Flow planner

One of the challenges many small businesses face is staying on top of their cash flow. Within QuickBooks Online, you can access the new Cash Flow planner. This planner will allow you to create real or hypothetical scenarios without affecting your QuickBooks data.

To access the Cash Flow planner, click on Cash flow located on the left menu bar, as shown in the following screenshot:

Figure 12.18: Navigating to the Cash flow center

The Cash flow center will appear as shown below:

Figure 12.19: Cash flow center window

Here is a brief explanation of how this tool works:

  • The cash flow tool has three tabs (1): Overview (shown in the preceding screenshot), QuickBooks Checking, and Planner. On the Overview tab, you will have a cash flow graph that shows all 12 months of your fiscal year. You can also link accounts and get or send money, which we will discuss below. The QuickBooks Checking tab allows you to apply for a checking...