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

Accessing the QBO Advanced test drive account

To demonstrate the key concepts outlined in the introduction to this chapter, we will use the QBO Advanced test drive account. This account includes data for Craig’s Design and Landscaping Services, a fictitious business. There are a couple of ways in which you can access the test drive account. You can log in to your existing QBO account, click the Help icon, and type test drive in the search field. The second way to access the test drive account is to paste the URL into a new web browser page. Copy the URL in step 4 and bookmark it for next time.

Follow these steps to access the QBO Advanced test drive account:

  1. Log in to your existing QBO account.
  2. Click on the Help icon located in the upper-right corner of the home page, as indicated here:

    Figure 2.1: The Help icon

  3. In the QB Assistant pane that pops up, click the test drive button as indicated by the first arrow in the figure below. If...