By Stephen L. Nelson
QuickBooks "X" For Dummies is a giant support for small businessesMost companies cannot have the funds for an important 4 accounting enterprise to deal with their books. that is why such a lot of small-to-mid-size businesspeople flip to QuickBooks to assist them hold music in their funds. Bestselling writer Stephen Nelson returns with up to date assurance of the newest revisions and improvements to the prime small company accounting software program package deal. After a short evaluate of bookkeeping fundamentals, you will find how QuickBooks can help construct the best finances, strategy payroll, simplify your tax go back prep paintings, create invoices, deal with stock, earn a living statements, stability debts, and lots more and plenty more.You'll research what you need to do prior to installing and organize QuickBooks, then flow onto easy bookkeeping techniques and the basics of creating an effective funds. you will additionally become aware of how one can input facts, create invoices, and list and print revenues receipts; preserve music of your stock, payroll, and budgets; display screen your activity bills; and generate the most typical monetary experiences with ease.Veteran writer Stephen Nelson updates his perennial bestseller and provides you easy-to-understand assurance of the latest unencumber of QuickBooksEnables you to take regulate of dealing with your personal company accounting and monetary administration projects so that you can keep away from having to rent dear outdoors helpProvides professional recommendation for buying all started with QuickBooks, development the appropriate price range, processing payroll, developing invoices, coping with stock, monitoring task charges, producing source of revenue statements, balancing money owed, growing monetary stories, and moreQuickBooks "X" For Dummies is helping you deal with your monetary administration initiatives extra successfully that you should get right down to enterprise!
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Extra info for QuickBooks 2012 For Dummies
You fill in the invoice window’s blanks by recording invoice information, such as the name of the client or customer, invoice amount, and date by which you want to be paid. And here’s the neat thing about these check and invoice windows: When you record business transactions by filling in the blanks shown onscreen, you collect the information that QuickBooks needs to prepare the reports that summarize your profits or losses and your financial situation. For example, if you record two invoices (for $10,000 each) to show amounts that you billed your customers and then you record three checks (for $4,000 each) to record your advertising, rent, and supplies expenses, QuickBooks can (with two or three mouse clicks from you) prepare a report that shows your profit, as shown in Table 1-1.
Run through the QuickBooks Setup I describe in Chapter 2. 3. Load the master files, as I describe in Chapter 3. 13 14 Part I: Quickly into QuickBooks If you’re thinking, “Whoa, cowboy, that seems like a bit more work than what’s involved in installing spreadsheet software or a new word processor,” you’re right. You might as well hear from me the ugly truth about accounting software: Accounting software — all of it — requires quite a bit of setup work to get things running smoothly. For example, you need to build a list of expense categories, or accounts, to use for tracking expenses.
If you’re using the slightly awkward way to convert to QuickBooks — in other words, if your conversion date is some date other than the beginning of the accounting year — you also need to provide year-to-date income and expense balances. To get your income, cost of goods sold, expenses, other income, and other expense account balances, you need to calculate the yearto-date amount of each account. If you can get this information from your old system, that’s super. If not, you need to get it manually.