QuickBooks Online For Dummies

QuickBooks Online For Dummies
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Marmel Elaine. QuickBooks Online For Dummies

Introduction

About This Book

Foolish Assumptions

Icons Used in This Book

Beyond the Book

Where to Go from Here

Part 1. Getting Started with QBO and QBOA

Chapter 1. Introducing QBO and QBOA

QBO for the Client and QBOA for the Accountant

Comparing interfaces

To browse or not to browse …

Understanding the Cloud

Should You Move to the Cloud?

System Requirements

Chapter 2. Embracing the QBO/QBOA Format

It’s All about Subscriptions

The Self-Employed version

The Simple Start version

The Essentials version

The Plus version

Essentials and Plus with Payroll

What Does It Cost?

Addressing Payroll Needs

Switching from QuickBooks Desktop

Where Add-On Apps Fit In

Part 2. Managing the Books for the End User

Chapter 3. Creating a Client Company in QBO

Signing Up for QBO

Setting Up a New Company

Understanding the Home Page

Establishing Company Settings

Examining company preferences

Examining billing and subscription settings

Setting sales preferences

Taking a look at expense preferences

Examining options to receive customer payments

Reviewing advanced preferences

Working with Multiple Currencies

How the Multicurrency feature changes QBO

Turning On the Multicurrency feature

Setting up currencies

Using multiple currencies

Updating the Chart of Accounts

Taking Advantage of QuickBooks Labs

Signing In to and Out of QBO

Chapter 4. Managing List Information

Importing People into a List

Adding New People to a List

Searching Lists for People

Working with a particular person

Sorting a list

Exporting a list to Excel

Working with a batch of people

Changing Settings for People Lists

Working with Products and Services Items

Establishing categories

Adding service and non-inventory items

Creating an inventory item

Changing item types

Adjusting inventory item information

A Look at Other Lists

Chapter 5. Dealing with the Outflow of Money

Writing a Check

Assigning a check to accounts or items

Writing a check for an outstanding bill

Creating an Expense Transaction

Entering a Purchase Order

Entering and Paying Bills

Entering a bill

Recording a vendor credit

When a vendor issues a refund check …

Paying bills

Chapter 6. Managing the Inflow of Money

Customizing Forms to Handle Subtotals

Preparing an Invoice

Recording a Customer Payment

Working with Estimates

Preparing an estimate

Copying an estimate to a purchase order

Converting an estimate to an invoice

Copying an existing estimate

Working with Sales Receipts

Entering a sales receipt

Printing sales receipts and packing slips

Giving Money Back to a Customer

Recording a credit memo

Issuing a refund to a customer

Creating Billable Time Entries

Entering a single time activity

Using a timesheet to record time

Adding a billable expense to an invoice

Chapter 7. Working in Registers

Understanding Registers

Entering and Editing Transactions

Entering a transaction

Editing a transaction

Other Things You Can Do in a Register

Sorting transactions

Filtering transactions

Printing a register

Chapter 8. Handling Bank and Credit Card Transactions

Controlling the Appearance of Bank Accounts

Connecting QBO Accounts to Financial Institutions

Connecting … or not connecting

Connecting Bank or Credit Card accounts

Downloading activity

Downloading information for a directly connected account

Downloading information using QuickBooks Web Connect

Importing transactions via Excel

Handling downloaded activity

Excluding transactions

Including transactions

When QBO guesses correctly …

When QBO doesn’t know …

Establishing rules to accept transactions

Fixing mistakes

Making a Bank Deposit

Reconciling a Bank Account

Chapter 9. Paying Employees

Getting Started with QBO Payroll

Turning on QBOP

Setting payroll preferences

Setting up payroll taxes

Preparing Payroll

Recording payroll information

Reviewing and generating payroll checks

Printing payroll reports

Managing Payroll Taxes

Paying payroll taxes

Preparing payroll tax forms

Chapter 10. How’s the Business Doing?

Quickly Review Income and Expenses

Finding the Report You Want

Examining recommended reports

What are redesigned reports?

Looking at frequently run reports

Finding reports you customize

Taking a look at management reports

Exploring all QBO reports

Searching for a report

Printing a Report

Customizing a report

Saving a customized report

Part 3. Managing the Books for the Accountant

Chapter 11. Setting Up Shop in QBOA

Signing Up for and into QBOA

Examining the QBOA Interface

Working with the Your Practice view

Working with the Your Books view

Setting Up Your Team

Controlling the Appearance of the Client List

Understanding and Using the Free QBOA Company

Working with the Sample Company

Closing Companies and QBOA

Working with Wholesale Billing

Signing up for Wholesale Billing

Adding clients to your Wholesale Billing subscription

Removing clients from your Wholesale Billing subscription

Working with your Wholesale Billing history

Stop using Wholesale Billing

Chapter 12. Adding Companies to the QBOA Client List

Adding a Client’s Company to the Client List

Adding a company created by a client

Creating a QBO company for a client

Transferring Master Administrator rights back to your client

Importing Desktop QuickBooks Information

General conversion considerations

Importing a desktop QuickBooks company

After converting …

Switching between Client QBO Companies

Chapter 13. Exploring a Client’s Company from QBOA

Opening a Client’s Company

Reviewing a Client QBO Company

Examining company setup information

Taking a look at the Chart of Accounts

Reviewing list information

Exporting and importing bank feed rules

Chapter 14. Working in a Client’s Company

Making Navigation Easy

Using keyboard shortcuts

Opening multiple windows

Working in two companies simultaneously

Examining Available Transaction Types

Searching for Transactions

Communicating with a Client

Using the Client Collaborator tool

Chapter 15. Using Accountant Tools

Reporting and Paying Sales Taxes

Facilitating Accountant Activities

Understanding the Trial Balance page

Reclassifying transactions

Examining voided and deleted transactions

Writing off invoices

Closing the books

Reviewing reports

A brief look at other accountant tools

Part 4. The Part of Tens

Chapter 16. Almost Ten Things about the Chrome Browser Interface

Understanding Users

Windows and Tabs

Using the Omnibox to Visit a Web Page

Using the Omnibox to Search the Web

What’s the Star?

Examining the Chrome Menu

About Signing in to (and out of) Chrome

Creating a Google account

Signing in to Chrome

Signing out of Chrome

Using the Chrome Web Store

Selecting a Theme

Chapter 17. Ten Ways to Use Chrome Effectively

Setting a Home Page

Chrome and Security

Chrome and Privacy

Handling cookies

Chrome and JavaScript

Allowing plug-ins

Working in Incognito mode

Deleting browsing history

Reviewing miscellaneous privacy settings

Using Google tools to manage privacy

Using Bookmarks in Chrome

Creating a bookmark

Displaying the Bookmarks bar

Importing bookmarks

Managing bookmarks

Duplicating and Pinning Tabs

Using Chrome on Multiple Monitors

Setting Up Chrome Users

Zooming In and Out

Downloading Files

Chrome on Mobile Devices

Appendix A. How to Prepare a Budget in QBO

How to Check Fiscal Year Settings in QuickBooks Online

How to Use the Budget Wizard in QuickBooks Online

Appendix B. QBO, QuickBooks Desktop, and Data Conversion

General Limitations of Importing Desktop QuickBooks Data into QuickBooks Online

How QuickBooks Desktop Lists Convert to QuickBooks Online

Customer and Job List

Item List

Employee List

Vendor List

A Look at inventory …

Features That Convert Completely or Have Comparable Features in QBOL

Transactions and Features for Which Most Information Converts in QuickBooks Online

Features That Might Not Convert but Have Comparable Features in QuickBooks Online

Features That Don’t Convert and Don’t Exist in QuickBooks Online

About the Author

Author’s Acknowledgments

Отрывок из книги

Have you been thinking about moving your accounting into a web-based product? Are you a QuickBooks desktop user who wants to stick with something you know but wants the flexibility of a web-based product? Are you interested in finding out more about Intuit’s web-based product, QuickBooks Online (QBO)? Are you an accountant who is considering beginning to support your QuickBooks clients via QuickBooks Online Accountant (QBOA)? If you answered yes to any of these questions, this book is for you.

QuickBooks Online and QuickBooks Online Accountant are web-based accounting solutions from Intuit. Don’t be fooled; they are not the desktop product migrated to the web. They’ve been built from the ground up to function on the Internet.

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And, of course, a QBO user can pay varying amounts for a subscription, depending on the subscription level purchased.

QBO is available at four different subscription levels, and each subsequent subscription level costs more and contains more functionality. The QBO subscriptions available at this writing are

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