Book Image

Mastering QuickBooks 2020

By : Crystalynn Shelton
Book Image

Mastering QuickBooks 2020

By: Crystalynn Shelton

Overview of this book

Intuit QuickBooks is an accounting software package that helps small business owners to manage all their bookkeeping tasks. Its complete range of accounting capabilities, such as tracking income and expenses, managing payroll, simplifying taxes, and accepting online payments, makes QuickBooks software a must-have for business owners and aspiring bookkeepers. This book is a handy guide to using QuickBooks Online to manage accounting tasks and drawing business insights by generating reports easily. Using a fictitious company, the book demonstrates how to create a QuickBooks Online account; customize key settings for a business; manage customers, vendors, and products and services; generate reports; and close the books at the end of the period. QuickBooks records your debits and credits, so you don't need to learn accounting. However, you will find out what happens under the hood and understand how your financial statements are impacted by what you do in QuickBooks. You'll also discover tips, shortcuts, and best practices that will help you save time and become a QuickBooks pro. By the end of this book, you'll have become well-versed with the features of QuickBooks and be able to set up your business and manage all bookkeeping tasks with ease.
Table of Contents (19 chapters)

Converting from QuickBooks Desktop data to QuickBooks Online

Now that you are familiar with most of the limitations of converting data from QuickBooks Desktop to QuickBooks Online, we will walk through the steps on how to convert your data from QBD to QBO. There are seven primary steps involved with converting data from QuickBooks Desktop to Online:

  • Checking the target count
  • Creating a QuickBooks Online account
  • Backing up your QuickBooks Desktop file
  • Checking for updates
  • Running the QuickBooks Desktop conversion to the QuickBooks Online tool
  • Logging in to QuickBooks Online
  • Verifying that all of your data was converted

Let's take a look at each of these steps, one by one.

Checking the target count

The current data limit...