Once you set up your bank connection, you can start categorizing all imported transactions. The nice part about this is that much of the transaction posting is completed automatically, making month-end reconciliation a breeze. You will be able to manage all of your downloaded banking transactions by the end of this lesson. You will also understand how to enter basic banking transactions manually.

Most banks will show transactions from the past 90 days, although some banks will let you go back as far as 24 months. The features and settings that you choose in this lesson will affect every area of QuickBooks. For example, you will set the default payment terms for customer invoices and vendor bills.

Get to grips with the QuickBooks Online dashboard

Get help and links to useful resources from other small businesses using QuickBooks. You will receive an email message with instructions on how to reset your password. That makes QuickBooks Online a good alternative for businesses that aren’t quite ready for QuickBooks Enterprise yet.

You will learn to enter the payment of these bills correctly so that the expense is not recorded twice. This lesson covers how to manage your bills and record expenses in QuickBooks. As a small business owner or manager, you know that managing expenses is as important as generating sales. By the end of this QuickBooks lesson, you will be able to keep track of expenses in a couple of ways.

Whichever service you use, you’ll want it integrated with your accounting software to automate your tax process.
QuickBooks has the best payroll software as well, although we offer a quick quiz that can pair you with all the top payroll options for your industry.
As part of customizing invoices, a “Pay Invoice” button can be added that allows customers to pay directly.
Read articles and quick start guides to help your business grow and thrive.

Beginners, though, can easily use the platform once they have learned the key features. Once you have entered business details, customized invoices, and set up payment methods and terms, you can create an invoice. The invoice is a very important part of customer interaction. You want this to be accurate but also appealing and easy to understand. It forms part of the audit trail for invoice payments and other related interactions. Just as importantly, it should aim to get customers to pay on time.

Here, you choose the main currency used for company accounts. It is essential to set whether QuickBooks will use cash or accrual accounting methods. The first step to using the software is selecting the right subscription package.

To access your QuickBooks Desktop data file stored at a different location, you’ll need a designated client computer. You can install your QuickBooks product on more than one computer (home and office) but only one computer can access the data file(s) at one time. Paperwork can be intimidating, but it doesn’t have to be if you use the right tools. QuickBooks Online is one of the most feature-rich, but easy-to-use accounting solutions on the market, and can help to make the process infinitely smoother. You’ll also want to eventually add users as part of your setup. The main user should be the “primary admin,” but you can add other admins or standard users (with customized levels of access).

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This is the first thing you’ll see when you log into your QuickBooks account online, and it’s from the dashboard that you can navigate to everything you’ll ever need as a QuickBooks user. Spend some time looking at the different menus in the dashboard, getting to understand where you can find everything. Tax season arrives for everyone, and your business should be prepared ahead of time. Find out which tax deadlines are relevant, depending on the federal, state, and local regulations that may apply to your operation. If you’re using QuickBooks Payroll, it has the tax reporting functionality needed to walk you through this process, although you’ll still need your federal and state ID numbers.

Visit support site

They’ll walk you through key features and answer your questions – your welcome email has all the details. These handy tutorials will show you how to set up QuickBooks. Our user guides are all you need to start getting the most out of QuickBooks. If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support.

You can have up to 30 users on your Gold plan, and you’ll get core QuickBooks features like built-in payroll and reporting. Even on this lowest-tier plan, you can use QuickBooks Enterprise Desktop to manage multiple companies. Once you’ve added this information, head to ‘Accounting’ from the setup overview screen, then choose ‘Company and Account’. Decide which account will be used to track payroll expenses. It’s quick and easy to automatically import your business data to your QuickBooks Online app, so you don’t have to start from scratch. You can import information such as your bank transactions, your Chart of Accounts, supplier bills, employees, budgets and customer or vendor data.

How to set up QuickBooks Desktop to work from home

Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. Yes, these training courses are updated regularly based on the latest feature updates or changes made by Intuit, the company behind QuickBooks. About half of the tutorials have an average runtime of five minutes or less, and the longest tutorial is slightly less than 14 minutes long. Each lesson has been broken down into bite-sized tutorials.

Track expenses

Learn about how to navigate QuickBooks Online, understand the difference between the the difference between fixed assets and current assets Navbar, Create menu, and Gear menu, and learn how to enter new transactions.

So while this plan does offer the most features, it may be too pricey for most businesses. Mark Calatrava is an accounting expert for Fit Small Business. As a QuickBooks ProAdvisor, Mark has extensive knowledge of QuickBooks products, allowing him to create valuable content that educates businesses on maximizing the benefits of the software. By using QuickBooks Payroll, all your wages, salaries, and payroll taxes will be included automatically in your financial statements.