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

Importing vendors into QuickBooks Online

If you have more than a few vendors to add to QuickBooks, you may want to consider importing the information instead of manually inputting it into QuickBooks. Similar to customers, you can import your vendor details from a CSV file. This template can be found here: https://github.com/PacktPublishing/Mastering-QuickBooks-2021-Second-Edition/blob/main/Chapter06/QuickBooks_Online_Vendor%20Import%20Template.xls.

Follow these steps to import vendors into QuickBooks Online:

  1. Navigate to Vendors by clicking on Expenses on the left-hand menu bar and selecting Vendors, as shown in the following screenshot:

  1. Click on the arrow to the right of the New vendor button and select Import vendors, as shown in the following screenshot:

  1. Click the Browse button to upload the CSV file from your computer, as shown in the following screenshot:

Click on the blue link to download the sample file (shown in the preceding screenshot). This file includes all of...