Book Image

Mastering QuickBooks 2021 - Second Edition

By : Crystalynn Shelton
Book Image

Mastering QuickBooks 2021 - Second Edition

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 independently. This latest edition of Mastering QuickBooks takes you through the range of new features and updates available in QuickBooks Online (QBO). Creating multilingual invoices, tracking mileage, working with a cash flow dashboard that helps you with cash forecasting and planning reports, and uploading a batch of bills and checks are just a few of the new features covered in this edition. As you progress, you’ll learn how to manage sales tax, including how to set up, collect, track, pay, and report sales tax payments. Dedicated sections will also take you through new content focused on the latest features in the QBO line-up, while also showing you the different types of businesses that can benefit from QBO Advanced. In addition to this, you’ll explore how to export reports to Google Sheets, use the custom chart builder, import budgets, perform smart reporting with Fathom, and much more. By the end of this QuickBooks book, you'll be well-versed with the features of QuickBooks and have the confidence to manage all your bookkeeping tasks with ease.
Table of Contents (26 chapters)
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
Report Center Overview

Now that you know how to enter income and expenses into QuickBooks, it's time to learn how to generate reports to gain insight into the overall health of your business. In this chapter, we will show you how to navigate through the report center and give you an overview of the reports available. In addition, we'll show you how to customize reports to meet your business needs. We will also cover how to share reports with your accountant and business stakeholders.

Understanding how to run reports will help you to gain insight into all aspects of your business. Having access to your income, expenses, and other key performance indicators will help you to make good business decisions.

The following topics will be covered in this chapter:

  • Navigating the report center
  • Reports available in the report center
  • Customizing reports
  • Exporting reports
  • Sending...