By Stephen L. Nelson
ISBN-10: 0470072784
ISBN-13: 9780470072783
Keep your business funds in tip-top form
Manage your online business accounting and fiscal administration tasks—quickly and accurately
If you are like such a lot small-business humans, accounting is the very last thing you must spend plenty of time on. that is the place this useful consultant is available in. Written by way of a CPA, it fast walks you thru bookkeeping fundamentals -- and indicates how QuickBooks can placed your money owed so as so that you can spend much less time with the books and extra time on business.
Discover how to
- Build the fitting budget
- Prepare purchaser invoices and checklist sales
- Produce universal monetary statements
- Manage inventory
- Simplify tax go back preparation
- Balance accounts
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Extra info for Quickbooks 2007 for dummies
Example text
Budget wisely, Grasshopper Here’s my first suggestion: Please plan on spending at least a few hours to get the QuickBooks software installed, set up, and running. I know you don’t really want to do that. You have a business to run, a family to take care of, a dog to walk, and so on. Chapter 1: QuickBooks: The Heart of Your Business But here’s the reality sandwich you probably need to take a big bite of: It’ll take half an hour just to get the software installed on your computer. (This installation isn’t complicated, of course.
What I’m saying is that QuickBooks is only a dumb 38 Part I: Quickly into QuickBooks computer program; it isn’t an artificial-intelligence program. It doesn’t pick up on the little subtleties of business — such as the fact that even though you charge customers for freight, you aren’t really in the shipping business. Each entry on the invoice or purchase order — the mugs that you sell, the subtotal, the discount, the freight charges, and the sales tax — is an item. Yes, I know this setup is weird, but getting used to the wackiness now makes the discussions that follow much easier to understand.
If you’ve been using another small business accounting system, such as the simpler Quicken product from Intuit or the Simply Accounting program from Computer Associates, you may be able to have your old system produce a trial balance on the conversion date. In that case, you can get the balances from your old system. ) Just to split hairs, the trial balance should show account balances at the very start of the first day that you’ll begin using QuickBooks for actual accounting. For example, if the conversion date is 1/1/2007, the trial balance needs to show the account balances at one minute past midnight on 1/1/2007.