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

Payment settings

QuickBooks Payments allows you to accept online payments from customers in the form of wire transfers, debit cards, and credit cards. Once approved, all the invoices that you email to customers will include a payment link. Your customers can click on the link, enter their payment details, and submit a payment in just a few minutes.

To apply for a QuickBooks Payments account, click on the Learn more button shown in the following screenshot:

If you have an existing Payments account, you can connect it by clicking the Connect button and following the onscreen instructions.

As we mentioned previously, QuickBooks Payments makes it easier to get paid by customers in a timely manner. Customers can quickly pay their invoices online with a debit card, credit card, or wire transfer. This will allow you to maintain a positive cash flow, which is important for your business.