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 Online Advanced

QuickBooks Online (QBO) Advanced is the top-tier QuickBooks Online subscription plan. As mentioned in the previous chapter, it includes all of the features found in QBO Simple Start, QBO Essentials, and QBO Plus, in addition to many more features. Some of the features included in QBO Advanced are as follows: you can add up to 25 users, it includes 48 additional custom fields, you can create customized performance charts, it has granular user permissions similar to QBD Enterprise, it has workflow automation to reduce manual tasks, it offers the ability to import invoices and budgets, and it allows you to do batch data entry. These are just a few of the many features included in QBO Advanced. QBO Advanced is ideal for businesses that are currently using QBO Plus and have outgrown it and current QBD Enterprise customers looking to move to the cloud. The...