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E-grāmata: QuickBooks 2018 All-in-One For Dummies

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  • Izdošanas datums: 23-Nov-2017
  • Izdevniecība: For Dummies
  • Valoda: eng
  • ISBN-13: 9781119397359
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  • Formāts: PDF+DRM
  • Izdošanas datums: 23-Nov-2017
  • Izdevniecība: For Dummies
  • Valoda: eng
  • ISBN-13: 9781119397359
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The easy way to manage business finances

QuickBooks is known for helping their users effectively handle their financial and business management tasks, and QuickBooks 2018 All-in-One For Dummies is the go-to guide for anyone looking to gain insight into the latest version of the software. It gets you up to speed on the key features of QuickBooks and small business accounting and makes managing finances a breeze. This book will help you learn all the skills you need to know, like how to invoice customers, pay vendors, manage cash and bank accounts, use activity-based costing, and write a business plan.

Written by highly qualified CPA Stephen L. Nelson, this detailed reference combines eight mini-books into one complete resource. Small business finances can be complicated, but QuickBooks 2018 is a valuable tool for getting them right—and this guide makes it easier.

  • Troubleshoot and protect your financial data
  • Utilize Cloud storage and access your information from a smartphone
  • Plan and set up a QuickBooks system
  • Make sense of double-entry bookkeeping
  • Handle your financial and business management tasks more effectively

QuickBooks 2018 All-in-One For Dummies is a helpful resource for getting started with QuickBooks 2018, and a reference guide that will provide insight and answers to experienced users as well.

Introduction 1(4)
About This Book
1(1)
Foolish Assumptions
2(1)
Icons Used in This Book
3(1)
Beyond the Book
3(1)
Where to Go from Here
3(2)
Book 1 An Accounting Primer 5(64)
Chapter 1 Principles of Accounting
7(20)
The Purpose of Accounting
7(3)
The big picture
8(1)
Managers, investors, and entrepreneurs
8(1)
External creditors
9(1)
Government agencies
9(1)
Business form generation
10(1)
Reviewing the Common Financial Statements
10(13)
The income statement
10(3)
Balance sheet
13(4)
Statement of cash flows
17(3)
Other accounting statements
20(1)
Putting it all together
21(2)
The Philosophy of Accounting
23(3)
Revenue principle
23(1)
Expense principle
23(1)
Matching principle
24(1)
Cost principle
24(1)
Objectivity principle
24(1)
Continuity assumption
25(1)
Unit-of-measure assumption
25(1)
Separate-entity assumption
26(1)
A Few Words about Tax Accounting
26(1)
Chapter 2 Double-Entry Bookkeeping
27(20)
The Fiddle-Faddle Method of Accounting
28(2)
How Double-Entry Bookkeeping Works
30(6)
The accounting model
31(2)
Talking mechanics
33(3)
Almost a Real-Life Example
36(8)
Recording rent expense
37(1)
Recording wages expense
37(1)
Recording supplies expense
38(1)
Recording sales revenue
38(1)
Recording cost of goods sold
38(1)
Recording the payoff of accounts payable
39(1)
Recording the payoff of a loan
40(1)
Calculating account balance
40(2)
Using T-account analysis results
42(2)
A Few Words about How QuickBooks Works
44(3)
Chapter 3 Special Accounting Problems
47(22)
Working with Accounts Receivable
48(3)
Recording a sale
48(1)
Recording a payment
48(1)
Estimating bad-debt expense
49(1)
Removing uncollectible accounts receivable
50(1)
Recording Accounts Payable Transactions
51(2)
Recording a bill
51(1)
Paying a bill
52(1)
Taking some other accounts payable pointers
52(1)
Inventory Accounting
53(4)
Dealing with obsolete inventory
54(1)
Disposing of obsolete inventory
55(1)
Dealing with inventory shrinkage
56(1)
Accounting for Fixed Assets
57(4)
Purchasing a fixed asset
57(1)
Dealing with depreciation
58(2)
Disposing of a fixed asset
60(1)
Recognizing Liabilities
61(4)
Borrowing money
61(1)
Making a loan payment
62(1)
Accruing liabilities
63(2)
Closing Out Revenue and Expense Accounts
65(3)
The traditional close
66(1)
The QuickBooks close
67(1)
One More Thing
68(1)
Book 2 Getting Ready To Use Quick Books 69(80)
Chapter 1 Setting Up QuickBooks
71(20)
Planning Your New QuickBooks System
71(3)
What accounting does
72(1)
What accounting systems do
72(1)
What QuickBooks does
72(1)
And now for the bad news
73(1)
Installing QuickBooks
74(1)
Dealing with the Presetup Jitters
75(2)
Preparing for setup
76(1)
Seeing what happens during setup
77(1)
Running the QuickBooks Setup Wizard
77(8)
Getting the big welcome
77(2)
Supplying company information
79(1)
Customizing QuickBooks
80(1)
Setting your start date
81(1)
Reviewing the suggested chart of accounts
82(1)
Adding your information to the company file
83(2)
Identifying the Starting Trial Balance
85(6)
A simple example to start
86(2)
A real-life example to finish
88(3)
Chapter 2 Loading the Master File Lists
91(24)
Setting Up the Chart of Accounts List
92(5)
Setting Up the Item List
97(1)
Working with the Price Level List
97(1)
Using Sales Tax Codes
98(1)
Setting Up a Payroll Item List
98(1)
Setting Up Classes
99(2)
Setting Up a Customer List
101(5)
Setting Up the Vendor List
106(3)
Setting Up a Fixed Assets List
109(1)
Setting Up a Price Level List
110(1)
Setting Up a Billing Rate Level List
111(1)
Setting Up Your Employees
111(1)
Setting Up an Other Names List
111(1)
Setting Up the Profile Lists
112(3)
Chapter 3 Fine-Tuning QuickBooks
115(34)
Accessing the Preferences Settings
116(2)
Setting the Accounting Preferences
118(3)
Using account numbers
118(1)
Setting general accounting options
119(2)
Setting the Bills Preferences
121(1)
Setting the Calendar Preferences
121(1)
Setting the Checking Preferences
121(2)
Changing the Desktop View
123(3)
Setting Finance Charge Calculation Rules
126(1)
Setting General Preferences
126(2)
Controlling Integrated Applications
128(1)
Controlling Inventory
129(1)
Controlling How Jobs and Estimates Work
130(2)
Dealing with Multiple Currencies
132(1)
Starting Integrated Payment Processing
132(1)
Controlling How Payroll Works
133(2)
Telling QuickBooks How Reminders Should Work
135(1)
Specifying Reports & Graphs Preferences
136(4)
Setting Sales & Customers Preferences
140(1)
Specifying How Sales Are Taxed
141(1)
Setting the Search Preferences
142(1)
Setting the Send Forms Preferences
143(1)
Fine-Tuning the Service Connection
144(1)
Controlling Spell Checking
145(954)
Controlling How
1099
Tax Reporting Works
146(1)
Setting Time & Expenses Preferences
146(3)
Book 3 Bookkeeping Chores 149(132)
Chapter 1 Invoicing Customers
151(34)
Choosing an Invoice Form
151(1)
Customizing an Invoice Form
152(10)
Choosing a template to customize
152(1)
Reviewing the Additional Customization options
152(5)
Moving on to Basic Customization
157(2)
Working with the Layout Designer tool
159(3)
Working with the web-based Forms Customization tool
162(1)
Invoicing a Customer
162(6)
Billing for Time
168(5)
Using a weekly time sheet
168(1)
Timing single activities
169(2)
Including billable time on an invoice
171(2)
Printing Invoices
173(1)
Emailing Invoices
173(1)
Recording Sales Receipts
174(3)
Recording Credit Memos
177(2)
Receiving Customer Payments
179(2)
Assessing Finance Charges
181(2)
Setting up finance charge rules
181(1)
Calculating finance charges
182(1)
Using Odds and Ends on the Customers Menu
183(2)
Chapter 2 Paying Vendors
185(20)
Creating a Purchase Order
185(4)
Creating a real purchase order
186(3)
Using some purchase order tips and tricks
189(1)
Recording the Receipt of Items
189(3)
Simultaneously Recording the Receipt and the Bill
192(2)
Entering a Bill
194(4)
If you haven't previously recorded an item receipt
194(2)
If you have previously recorded an item receipt
196(2)
Paying Bills
198(3)
Reviewing the Other Vendor Menu Commands
201(4)
Vendor Center
202(1)
Sales Tax menu commands
202(1)
Inventory Activities menu commands
203(1)
Print/E-file 1099s
204(1)
Item List
204(1)
Chapter 3 Tracking Inventory and Items
205(32)
Looking at Your Item List
206(2)
Using the Item Code column
206(1)
Using the Item List window
207(1)
Using inventory reports
208(1)
Adding Items to the Item List
208(15)
Adding an item: Basic steps
209(1)
Adding a service item
210(1)
Adding an inventory part
211(2)
Adding a noninventory part
213(1)
Adding an other-charge item
213(3)
Adding a subtotal item
216(1)
Adding a group item
217(1)
Adding a discount item
217(2)
Adding a payment item
219(1)
Adding a sales tax item
219(1)
Setting up a sales tax group
220(2)
Adding custom fields to items
222(1)
Editing Items
223(1)
Adjusting Physical Counts and Inventory Values
224(3)
Adjusting Prices and Price Levels
227(4)
Using the Change Item Prices command
227(1)
Using price levels
228(2)
Enabling advanced pricing
230(1)
Managing Inventory in a Manufacturing Firm
231(6)
Handling manufactured inventory the simple way
231(1)
Performing inventory accounting in QuickBooks
232(3)
Managing multiple inventory locations
235(2)
Chapter 4 Managing Cash and Bank Accounts
237(32)
Writing Checks
238(8)
Recording and printing a check
238(6)
Customizing the check form
244(2)
Making Bank Deposits
246(3)
Transferring Money between Bank Accounts
249(2)
Working with the Register
251(7)
Recording register transactions
251(3)
Using Register window commands and buttons
254(4)
Using Edit Menu Commands
258(4)
Reconciling the Bank Account
262(4)
Reviewing the Other Banking Commands
266(3)
Order Checks & Envelopes command
266(1)
Enter Credit Card Charges command
266(2)
Bank Feeds command
268(1)
Loan Manager
268(1)
Other Names list
268(1)
Chapter 5 Paying Employees
269(12)
Setting Up Basic Payroll
269(7)
Signing up for a payroll service
271(1)
Setting up employees
271(4)
Setting up year-to-date amounts
275(1)
Checking your payroll setup data
276(1)
Scheduling Payroll Runs
276(1)
Paying Employees
276(2)
Editing and Voiding Paychecks
278(1)
Paying Payroll Liabilities
279(2)
Book 4 Accounting Chores 281(84)
Chapter 1 For Accountants Only
283(16)
Working with QuickBooks journal Entries
283(3)
Recording a journal entry
284(1)
Reversing a journal entry
285(1)
Editing journal entries
286(1)
Updating Company Information
286(1)
Working with Memorized Transactions
286(1)
Reviewing the Accountant & Taxes Reports
287(2)
Creating an Accountant's Copy of the QuickBooks Data File
289(8)
Creating an accountant's copy
290(4)
Using an accountant's copy
294(1)
Reusing an accountant's copy
294(1)
Exporting client changes
295(1)
Importing accountant's changes
295(2)
Canceling accountant's changes
297(1)
Troubleshooting accountant's copy transfers
297(1)
Using the Client Data Review Commands
297(2)
Chapter 2 Preparing Financial Statements and Reports
299(24)
Some Wise Words Up Front
299(1)
Producing a Report
300(1)
Working with the Report Window
301(10)
Working with Report window buttons
301(7)
Using the Report window boxes
308(3)
Modifying a Report
311(8)
Using the Display tab
311(2)
Using the Filters tab
313(3)
Using the Header/Footer tab
316(1)
Formatting fonts and numbers
317(2)
Processing Multiple Reports
319(1)
A Few Words about Document Retention
320(3)
Chapter 3 Preparing a Budget
323(14)
Reviewing Common Budgeting Tactics
323(4)
Top-line budgeting
324(1)
Zero-based budgeting
324(1)
Benchmarking
325(1)
Putting it all together
326(1)
Taking a Practical Approach to Budgeting
327(1)
Using the Set Up Budgets Window
327(5)
Creating a new budget
327(2)
Working with an existing budget
329(3)
Managing with a Budget
332(2)
Some Wrap-Up Comments on Budgeting
334(3)
Chapter 4 Using Activity-Based Costing
337(16)
Reviewing Traditional Overhead Allocation
338(2)
Understanding How ABC Works
340(5)
The ABC product-line income statement
340(4)
ABC in a small firm
344(1)
Implementing a Simple ABC System
345(1)
Seeing How QuickBooks Supports ABC
346(1)
Turning On Class Tracking
347(1)
Using Classes for ABC
348(5)
Setting up your classes
348(1)
Classifying revenue amounts
349(1)
Classifying expense amounts
349(2)
After-the-fact classifications
351(1)
Producing ABC reports
352(1)
Chapter 5 Setting Up Project and Job Costing Systems
353(12)
Setting Up a QuickBooks Job
353(3)
Tracking Job or Project Costs
356(3)
Job Cost Reporting
359(1)
Using Job Estimates
360(2)
Progress Billing
362(3)
Book 5 Financial Management 365(50)
Chapter 1 Ratio Analysis
367(18)
Some Caveats about Ratio Analysis
368(1)
Liquidity Ratios
369(2)
Current ratio
369(1)
Acid test ratio
370(1)
Leverage Ratios
371(4)
Debt ratio
371(1)
Debt equity ratio
372(1)
Times interest earned ratio
373(1)
Fixed-charges coverage ratio
374(1)
Activity Ratios
375(4)
Inventory turnover ratio
376(1)
Days of inventory ratio
377(1)
Average collection period ratio
377(1)
Fixed-asset turnover ratio
378(1)
Total assets turnover ratio
379(1)
Profitability Ratios
379(6)
Gross margin percentage
380(1)
Operating income/sales
380(1)
Profit margin percentage
381(1)
Return on assets
381(1)
Return on equity
382(3)
Chapter 2 Economic Value Added Analysis
385(14)
Introducing the Logic of EVA
385(1)
Seeing EVA in Action
386(3)
An example of EVA
388(1)
Another example of EVA
389(1)
Reviewing Some Important Points about EVA
389(2)
Using EVA When Your Business Has Debt
391(4)
The first example of the modified EVA formula
391(2)
Another EVA with debt example
393(2)
Presenting Two Final Pointers
395(1)
And Now, a Word to My Critics
396(3)
Chapter 3 Capital Budgeting in a Nutshell
399(16)
Introducing the Theory of Capital Budgeting
399(3)
The big thing is the return
400(1)
One little thing is maturity
400(1)
Another little thing is risk
401(1)
The bottom line
401(1)
Calculating the Rate of Return on Capital
402(10)
Calculating the investment amount
403(1)
Estimating the net cash flows
403(4)
Calculating the return
407(5)
Measuring Liquidity
412(1)
Thinking about Risk
412(2)
What Does All of This Have to Do with QuickBooks?
414(1)
Book 6 Business Plans 415(74)
Chapter 1 Profit-Volume-Cost Analysis
417(20)
Seeing How Profit-Volume-Cost Analysis Works
418(2)
Calculating Break-Even Points
420(2)
Using Real QuickBooks Data for Profit-Volume-Cost Analysis
422(2)
Sales revenue
422(1)
Gross margin percentage
422(2)
Fixed costs
424(1)
Recognizing the Downside of the Profit-Volume-Cost Model
424(2)
Using the Profit-Volume-Cost Analysis Workbook
426(11)
Collecting your inputs
426(4)
Understanding the break-even analysis
430(1)
Understanding the profit-volume-cost forecast
431(2)
Looking at the profit-volume-cost charts
433(4)
Chapter 2 Creating a Business Plan Forecast
437(38)
Reviewing Financial Statements and Ratios
438(1)
Using the Business Plan Workbook
439(7)
Understanding the Workbook Calculations
446(26)
Forecasting inputs
446(1)
Balance Sheet
446(8)
Common Size Balance Sheet
454(1)
Income Statement
455(4)
Common Size Income Statement
459(1)
Cash Flow Statement
460(6)
Financial Ratios Table
466(6)
Customizing the Starter Workbook
472(3)
Changing the number of periods
472(1)
Performing ratio analysis on existing financial statements
472(1)
Calculating taxes for a current net loss before taxes
473(1)
Combining this workbook with other workbooks
473(2)
Chapter 3 Writing a Business Plan
475(14)
What the Term "Business Plan" Means
475(1)
A Few Words about Strategic Plans
476(2)
Cost strategies
476(1)
Differentiated products and services strategies
477(1)
Focus strategies
477(1)
Look, Ma: No Strategy
478(2)
Two comments about tactics
479(1)
Six final strategy pointers
479(1)
A White-Paper Business Plan
480(3)
A New-Venture Plan
483(8)
Is the new venture's product or service feasible?
483(1)
Does the market want the product or service?
484(1)
Can the product or service be profitably sold?
485(1)
Is the return on the venture adequate for prospective investors?
485(1)
Can existing management run the business?
486(1)
Some final thoughts
487(2)
Book 7 Care And Maintenance 489(46)
Chapter 1 Administering QuickBooks
491(18)
Keeping Your Data Confidential
491(2)
Using Windows security
492(1)
Using QuickBooks security
492(1)
Using QuickBooks in a Multiuser Environment
493(10)
Setting up additional QuickBooks users
494(7)
Changing user rights in Enterprise Solutions
501(2)
Changing user rights in QuickBooks Pro and Premier
503(1)
Using Audit Trails
503(1)
Producing an Audit Trail report
504(1)
Enabling Simultaneous Multiuser Access
504(1)
Maintaining Good Accounting Controls
505(4)
Chapter 2 Protecting Your Data
509(20)
Backing Up the QuickBooks Data File
509(6)
Backing-up basics
510(4)
What about online backup?
514(1)
Some backup tactics
515(1)
Restoring a QuickBooks Data File
515(5)
Condensing the QuickBooks Company Files
520(9)
Cleanup basics
521(5)
Some cleanup and archiving strategies
526(3)
Chapter 3 Troubleshooting
529(6)
Using the QuickBooks Help File and This Book
529(2)
Browsing Intuit's Product-Support Website
531(2)
Checking Another Vendor's Product-Support Website
533(1)
Tapping into Intuit's Online and Expert Communities
533(1)
When All Else Fails
534(1)
Book 8: Appendixes 535(64)
Appendix A:A Crash Course in Excel
537(16)
Starting Excel
537(1)
Stopping Excel
538(1)
Explaining Excel's Workbooks
538(1)
Putting Text, Numbers, and Formulas in Cells
539(1)
Writing Formulas
540(1)
Scrolling through Big Workbooks
541(1)
Copying and Cutting Cell Contents
542(2)
Copying cell contents
542(1)
Moving cell contents
543(1)
Moving and copying formulas
543(1)
Formatting Cell Contents
544(2)
Recognizing That Functions Are Simply Formulas
546(3)
Saving and Opening Workbooks
549(2)
Saving a workbook
549(1)
Opening a workbook
550(1)
Printing Excel Workbooks
551(1)
One Other Thing to Know
552(1)
Appendix B: Government Web Resources for Businesses
553(18)
Bureau of Economic Analysis
553(3)
Finding information at the BEA website
553(1)
Downloading a BEA publication
554(1)
Uncompressing a BEA publication
555(1)
Using a BEA publication
556(1)
Bureau of Labor Statistics
556(4)
Finding information at the BLS website
557(1)
Using BLS information
557(3)
Census Bureau
560(3)
Finding information at the Census Bureau website
561(1)
Using the Census Bureau's publications
562(1)
Using the Census Bureau search engine
562(1)
Using the Census Bureau Subjects index
563(1)
Securities and Exchange Commission
563(2)
Finding information through EDGAR
564(1)
Searching the EDGAR database
564(1)
Federal Reserve
565(2)
Finding information at the Federal Reserve website
566(1)
Using the Federal Reserve website's information
567(1)
Government Printing Office
567(2)
Information available at the GPO website
568(1)
Searching the GPO database
568(1)
Internal Revenue Service
569(2)
Appendix C: Glossary of Accounting and Financial Terms
571(28)
Index 599
Stephen L. Nelson, MBA, CPA, MS in Taxation, provides accounting, business advisory, tax planning, and tax preparation services to small businesses. His more than 100 books, including all editions of QuickBooks For Dummies, have sold over 5 million copies.