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 icons

The following screenshot shows the common icons that can be found on the QBO home page:

The following are the options you can see in the preceding screenshot:

  1. My Experts: Access to a live bookkeeper who can help you get your books set up is available through this link. You can also upgrade your QuickBooks Online subscription or access a QuickBooks ProAdvisor through My Experts.
  2. Help: If you have a question or need to learn how to do something in QBO, you can click on this icon to launch the help menu. You will find detailed support articles, video tutorials, and access to a sample company file in this section.
  3. Search: If you need to locate an invoice, bill, or any transaction, you can do a global search of the program by typing an amount name, the name of a vendor, or any information in this field to search for it.
  4. Notifications: Notifications about changes that have been made to your account or upgrades to your QBO subscription can be...