Description
What you will learn!!! QuickBooks Easy step Interview Part 1-Setting Up Your Company FileA Free QuickBooks Tutorial TopicPart 2-Customizing it for Your Business. A Free QuickBooks Tutorial TopicDo you have employees?Part 3-Using Accounts In QuickBooksTURN FEATURES OFF AND ONTurn inventory onTAXES. About sales tax. Add a sales tax item and rateSales Tax in QuickBooksSetting Up Sales Tax in QuickBooksCash or Accrual Sales Tax ReportingHow Often Do You Report Sales Tax to Your State?. Sales Tax Items and Groups in QuickBooksSales Tax on Invoices and ReceiptsSales Tax Reports. Paying the Sales Tax LiabilityAdjustments to Sales Tax in QuickBooks. CUSTOMERS. To add a customer:. About sales orders. Why should I use sales orders?.. Create a sales order. About sales receipts. SummaryEntering a sales receiptAbout invoicesEntering an invoiceAbout statements. Use statements if youStatement limitationsCREDITCreate returned/ credits (customer returns products). Apply a discount for early customer paymentVENDORS/ SUPPLIERS/ CREDITORTo add a vendorCreate a purchase order. Receiving items on orderBuying stock over-the-counter (Cash Purchases). Receiving items and getting a bill laterTo enter the bill when you receive it. Receiving items with a bill includedReturn items from a vendor after you've entered a bilApply credit from a vendor to a bill paymentApply a discount to a bill you payPaying of BillsITEMS. Adding Items. Which item type should you use?To add an item: Creating discount items. Changing your pricesSETTING UP ADDITIONAL ACCOUNTSTo add an income account: To add an Expense account: WORKING WITH BANK ACCOUNTS. Transferring Money Between Accounts. Reconciling Checking AccountsMarking Cleared TransactionsTo delete a transaction. Recording capital investmentsRecording an owner's draw.. Transferring money out of Opening Bal EquityEntering a year-to-date opening balance for income and expense accounts. Enter a year-to-date opening balance for an expense accountLOAN MANAGERTo use the Loan ManagerTYPES OF LOANSBalloon payment loanOne-payment loanStandard payment loanSetting up a loan payment through the Loan ManagerTo remove a loan from the Loan Manger list
