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

Logging in to QuickBooks Online

After exporting your QuickBooks data file, the login screen for QBO will appear. Follow the steps outlined here:

  1. Enter your secure Email or user ID and Password for your QuickBooks Online account:

  1. Follow the onscreen instructions to complete the upload. The length of time this will take will depend on how large your company file is. Once the upload is complete, you will see an onscreen notification that your data has successfully uploaded. When your data is ready, you will receive an email from the Intuit support team. This generally takes place within 1 to 24 hours, at the most.

After completing all of the steps to export your QuickBooks data file to QBO, and once you have received an email from the Intuit support team confirming your data has been uploaded, the final step in converting your data is to verify that the data in your QBO file is correct. We will discuss how to do this next.