In this chapter, we explained what QuickBooks is and introduced you to the QBO and QBD product lines. We also provided tips on how to choose the right software for your business, and we provided you with some bookkeeping basics. Having a good understanding of the QuickBooks product lines will help you to choose the best product for your business. In addition, having a basic knowledge of bookkeeping helps you understand the accounting that is taking place behind the scenes in QuickBooks when you enter an invoice or pay a bill.
In the next chapter, we will take a look at what information you will need to convert from your existing accounting software to QBO. This will include the following: gathering key documents, answering questions about your business needs, and understanding the order you need to follow when bringing over historical data into QuickBooks. If you don't currently use accounting software, we will show you how to set up QuickBooks from scratch.