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

Rows and columns report customization

Rows/Columns report customization includes formatting columns, comparing the current data to a previous period, and comparing the number of columns and rows to the grand total on the report:

The following is a brief explanation of what's included in Rows/Columns report customizations:

  • Columns: Displays column information by showing totals only, by period (days, weeks, month), or by customers, vendors, or employees.
  • Show non-zero or active only: Select to only show non-zero data or all active data (with and without zeros).
  • Period Comparison: This allows you to see how the current period compares to a previous period, year, or year-to-date. This change can be shown in both a percentage format, dollar amount, or both.
  • % of Row or % of Column: Select % of Row or % of Column to see the percentage of each item listed on the report compared to other items on the same row or column of the report.
  • % of Income or % of Expense: Select...