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

Standard user

You can give the standard user full or limited access to your QBO data, excluding administrative privileges. You can choose to give the standard user full access, access to customers and vendors, access to customers only, or access to vendors only.

Go through the following steps to create a standard user:

  1. From the gear icon, select Manage Users in the Your Company column, as shown in the following screenshot:

  1. Click on the Add user button, as shown in the following screenshot:

  1. Click on Standard user, as shown in the following screenshot:

A standard user will count toward the total number of users included in your QBO subscription. If you recall, we covered the total number of users that can be included in each subscription plan.

To recap, the following is a summary of the number of users that are included in each plan:

  • QuickBooks Online Simple Start: 2 accountants, 1 user
  • QuickBooks Online Essentials: 2 accountants, 3 users
  • QuickBooks...