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

Managing credit card payments

QBCU
2.3.4

In addition to traditional payments such as 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 a QuickBooks Payments account (https://quickbooks.intuit.com/payments/?sc=seq_intuit_pay_click_ft), 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, which is much faster than waiting to receive a check in the mail. Best of all, QuickBooks will mark the invoice as paid, which automatically reduces your accounts receivable balance. As we discussed in Chapter 8, Recording Sales Transactions in QuickBooks Online, you can send your customers payment reminder...