Book Image

Mastering QuickBooks 2022 - Third Edition

By : Crystalynn Shelton
Book Image

Mastering QuickBooks 2022 - Third Edition

By: Crystalynn Shelton

Overview of this book

Whether you have bookkeeping experience or not, handling the financial side of your growing business requires expertise. With Mastering QuickBooks® 2022, Third Edition, you’ll learn how to use QuickBooks® to build the perfect budget, simplify tax return preparation, manage inventory, track job costs, generate income statements and financial reports, and perform all accounting-related tasks with ease. Throughout the book, you’ll be guided by an experienced Certified Public Accountant and Advanced Certified QuickBooks ProAdvisor – from setup to core features and beyond. This new edition has every chapter revised to cover a range of new features and updates available, including smart invoicing and cash flow projections. You'll learn how to create multilingual invoices, track mileage, work with a cash flow dashboard that helps you with cash forecasting and planning reports, and upload batches of bills and checks. This book will also teach you how to manage sales tax, including how to set up, collect, track, pay, and report sales tax payments. In addition to this, you’ll explore how to export reports to Google Sheets, use the custom chart builder, import budgets, and perform smart reporting. By the end of this book, you'll be well-versed with QuickBooks and have the confidence to manage all your bookkeeping tasks with ease.
Table of Contents (27 chapters)
Free Chapter
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
24
Other Books You May Enjoy
25
Index

Managing customized user permissions

QBO Advanced gives you more control over what areas of QuickBooks you can give users access to. In Chapter 4, Migrating to QuickBooks Online, we will discuss the five user types available in all subscriptions: standard user, company administrator, reports only, time tracking user, and accountant user. In addition to these user types, QBO Advanced also includes four additional user roles: Accounts Receivable (A/R) Manager, Sales and Inventory, Workers and Sales reports, and Custom roles.

A brief explanation of these roles follows:

  • A/R Manager: This role allows the user to access the entire sales cycle, with the exception of sales and bank deposits. Sales and bank deposits give the user the ability to receive payments in undeposited funds and create bank deposits.
  • Sales and Inventory: This role combines sales and inventory access into a single role so that stock levels can be updated as needed.
  • Workers and Sales reports...