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

QuickBooks Mac

QuickBooks Mac is ideal for any sized business on an iOS platform that has less than $1 million in annual revenue and doesn't need to give more than three users access to QuickBooks. When it comes to the features included, QuickBooks Mac is almost identical to QuickBooks Pro. You can connect your bank accounts, invoice customers, and pay bills, just like you can in the Pro, Premier, and Enterprise versions. Unfortunately, QuickBooks Mac does not come in industry-specific versions like QuickBooks Premier and Enterprise do.

For 2021, QuickBooks Mac has added a number of new features that you won't find in QuickBooks Pro, Premier, or Enterprise: 

Listed below are the new and improved features included in QuickBooks Mac 2021:

  • Automatic Payment Reminders – set reminders for customers when their invoices are due
  • Statement e-Payments – send statements with payment links
  • Combined Invoice Emails – send multiple invoices to customers in a single email 
  • Sales Tax Codes – track sales using specific sales tax codes for out of state, non-profit, and so on
  • E-File 1099s – electronic filing of 1099 forms
  • Email Templates – save and store multiple email templates
  • Credit/Debit Card Refunds – refund merchant credits from within a Credit Memo transaction
  • Company File Search – easily find and open company files
  • Restore Backup Workflow – a simple to use restore company files wizard