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

Fathom reporting app

The Fathom reporting app takes QuickBooks reports to a whole new level. This app syncs data from QBO to enable advanced analysis and visualization. Fathom syncs data once every 24 hours, but you can instruct it to update immediately if needed. Similar to the performance center, you can access Fathom reporting from the Reports menu. There are three menu options available: Analysis, Reports, and Settings.

Please note that the Fathom Reporting App feature is disabled for the test drive account, so you will not be able to follow along if you are using it.

Here you will find a brief explanation of the reporting menus available in the Fathom reporting app:

  • Settings: In this tab, you will define the parameters for the data you want to analyze and report on. This is done within the KPIs (short for Key Performance Indicators) menu of the Settings tab. Consult with your accountant to determine your target for each KPI you decide to track...