Mastering QuickBooks 2021

Cover
Title Page
Copyright and Credits
Dedication
About Packt
Contributors
Table of Contents
Preface
Section 1: Setting Up Your Company File
Chapter 1: Getting Started with QuickBooks Online
	What is QuickBooks?
	Exploring QuickBooks Online editions
	Choosing the right QuickBooks Online edition
		QBO Simple Start
		QBO Essentials
		QBO Plus
		QBO Advanced
	Introducing the QuickBooks Desktop product line
	Choosing the right QuickBooks Desktop version
		QuickBooks Mac
		QuickBooks Pro
		QuickBooks Premier
		QuickBooks Enterprise
	Introducing new features and improvements in QuickBooks Desktop 2021
		New features in QBD 2021
	Small business bookkeeping 101
		Recording sales
		Recording expenses
		Recording inventory and fixed asset purchases
		Recording liabilities
		Understanding the chart of accounts
		Choosing an accounting method
		Understanding how double-entry bookkeeping works
	Summary
Chapter 2: QuickBooks Online Advanced
	Accessing the QuickBooks Online Advanced test drive account
	Setting up customized fields
	Managing customized user permissions
	Using workflow automation
	Importing invoices and budgets into QuickBooks Online
		Importing budgets into QuickBooks Online
	Batch-creating invoices in QuickBooks Online
	Priority Circle membership
	Using online backup and restore
	Utilizing the performance center and custom charts
	Fathom reporting app
	Summary
Chapter 3: Company File Setup
	Creating a QuickBooks Online account
	Navigating in QuickBooks Online
		QuickBooks Online dashboard and left navigation bar
		QuickBooks Online icons
		QuickBooks Online menus
	Setting up company preferences in QuickBooks Online
		Company settings
		Billing and subscription settings
		Usage settings
		Sales settings
		Expenses settings
		Payment settings
		Advanced settings
	Summary
Chapter 4: Migrating to QuickBooks Online
	Key information and documents required to convert to QuickBooks Online
	Questions to ask yourself in preparation for data conversion
	Choosing your QuickBooks start date
	Converting from another accounting software or Excel to QuickBooks Online
		Recording details of historical data in QuickBooks Online
		Recording a summary journal entry of historical data in QuickBooks Online
	Reasons Not to Convert from QuickBooks Desktop to QBO
		Functionality not available in QuickBooks Online
		QuickBooks Desktop data that will not convert to QuickBooks Online
	Converting QuickBooks Desktop data to QuickBooks Online
		Checking the target count
		Creating a QuickBooks Online account
		Backing up your QuickBooks Desktop file
		Checking for updates
		Running the QuickBooks Desktop conversion to the QuickBooks Online tool
		Logging in to QuickBooks Online
		Verifying that all of your data was converted
	Summary
Chapter 5: Customizing QuickBooks for Your Business
	Customizing the chart of accounts
		How to add a new account to the chart of accounts list
		How to import a chart of accounts list
		How to edit accounts on the chart of accounts list
		How to inactivate an account on the chart of accounts list
	Connecting bank accounts to QuickBooks Online
		Importing banking transactions automatically
		Uploading banking transactions from an Excel CSV file
	Connecting credit card accounts to QuickBooks Online
		Importing credit card transactions automatically
		Uploading credit card transactions from an Excel CSV file
	Giving other users access to your QuickBooks data
		Standard user
		Company administrator
		Reports-only user
		Time-tracking user
		Accountant user 
	Summary
Chapter 6: Managing Customers, Vendors, Products, and Services
	Managing customers in QuickBooks Online
		Manually adding customers in QuickBooks Online
		Importing customers into QuickBooks Online
		Making changes to existing customers in QuickBooks Online
		Inactivating customers in QuickBooks Online
	Managing vendors in QuickBooks Online
		Manually adding vendors in QuickBooks Online
		Importing vendors into QuickBooks Online
		Making changes to existing vendors in QuickBooks Online
		Inactivating vendors in QuickBooks Online
	Managing products and services in QuickBooks Online
		How to manually add products and services in QuickBooks Online
		How to import products and services in QuickBooks Online
		Making changes to existing products and services in QuickBooks Online
		Inactivating products and services in QuickBooks Online
	Summary
Section 2: Recording Transactions in QuickBooks Online
Chapter 7: Managing Sales Tax
	Setting up sales tax in QuickBooks Online
	Creating an invoice that includes sales tax
	Sales tax reports
	Summary
Chapter 8: Recording Sales Transactions in QuickBooks Online
	Understanding sales forms 
		Recording income using a sales receipt
		Recording income using a deposit
		Recording income using a sales invoice
	Recording customer payments
	Issuing credit memos and refunds to customers
	Summary
Chapter 9: Recording Expenses in QuickBooks Online
	Entering and paying bills
		Entering bills into QuickBooks Online
		Paying bills in QuickBooks Online
	Managing recurring expenses
	Writing checks
	Printing checks
	Capturing and categorizing receipts and bills
	Summary
Chapter 10: Reconciling Downloaded Bank and Credit Card Transactions
	Overview of the Banking Center 
	Matching transactions
	Editing banking transactions
	Understanding bank rules
		How do you want to apply this rule?
	Reconciling accounts
	Summary
Section 3: Generating Reports in QuickBooks Online
Chapter 11: Report Center Overview
	Navigating the report center
	Reports available in the report center
	Customizing reports
		General report customizations
		Rows and columns report customization
		Using filters to customize reports
		Header and footer report customization
	Exporting reports
		Exporting reports to Excel
		Exporting reports to PDF
	Sending reports via email
	Summary
Chapter 12: Business Overview Reports
	Understanding profit and loss statements
	Generating balance sheet reports
	Understanding the statement of cash flows
	Creating a budget
	Summary
Chapter 13: Customer Sales Reports in QuickBooks Online
	Generating an accounts receivable aging report
	Generating an open invoices report
	Generating a sales by customer report
	Generating a sales by product/service report
	Summary
Chapter 14: Vendor and Expenses Reports
	Generating an accounts payable (A/P) aging report
	Generating an unpaid bills report
	Generating an expenses by vendor summary report
	Generating a bill payments report
	Summary
Section 4: Managing Employees and Contractors
Chapter 15: Managing Payroll in QuickBooks Online
	Setting up payroll
		Payroll setup checklist and key documents
		Setting up payroll in QBO
	Running payroll
	Generating payroll reports
	Filing payroll tax forms and payments 
	Summary
Chapter 16: Managing 1099 Contractors in QuickBooks Online
	Setting up 1099 contractors
	Tracking and paying 1099 contractors
	1099 year-end reporting
	Summary
Section 5: Closing the Books and Handling Special Transactions
Chapter 17: Closing the Books in QuickBooks Online
	Reviewing a checklist for closing your books
		Reconciling all bank and credit card accounts
		Making year-end accrual adjustments
		Reviewing new fixed asset purchases and adding them to the chart of accounts
		Making depreciation journal entries 
		Taking physical inventory and reconciling this with your books
		Adjusting retained earnings for owner/partner distributions
		Setting a closing date and password
		Preparing key financial reports 
	Giving your accountant access to your data
	Recording journal entries
	Summary
Chapter 18: Handling Special Transactions in QuickBooks Online
	Using apps in QuickBooks Online
		Overview of the QuickBooks app center
		Finding apps for your business
	Managing credit card payments
	Customizing sales templates
	Setting up business loans and lines of credit
		Adding a business loan or line of credit to the chart of accounts
		Making payments on a loan or line of credit
	Managing petty cash
		Adding a petty cash account in QuickBooks
		Recording petty cash transactions
		Replenishing petty cash
		Reconciling petty cash
	Recording bad debt expense
		Creating a bad debt item
		Creating a credit memo
		Applying a credit memo to an outstanding customer invoice
	Tracking delayed charges and credits
	Summary
Shortcuts and Test Drive
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Index