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E-grāmata: QuickBooks 2022 All-in-One For Dummies

  • Formāts: EPUB+DRM
  • Izdošanas datums: 08-Nov-2021
  • Izdevniecība: For Dummies
  • Valoda: eng
  • ISBN-13: 9781119817239
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  • Formāts: EPUB+DRM
  • Izdošanas datums: 08-Nov-2021
  • Izdevniecība: For Dummies
  • Valoda: eng
  • ISBN-13: 9781119817239
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This must-have guide to the leading small business accounting software goes over the key features of QuickBooks and shows you, step-by-step, how to plan your perfect budget, simplify tax returns, manage inventory and many other financial tasks. Original.

The soup-to-nuts QuickBooks reference that will make your small business life so much simpler! 

QuickBooks makes it quick to do your books, and QuickBooks 2022 All-in-One For Dummies makes it easy. The leading small business accounting software will become your best friend, helping you cut costs (no more expensive financial services) and save time, with all your accounting and payroll info in one place. With this value-priced, bestselling reference, you’ve got access to 8 mini-books that give you the answers you need to make running a small business that much more manageable. 

Inside, you’ll discover the key features of QuickBooks, plus refresh your memory on double-entry bookkeeping and all the other basics of small business accounting. This jargon-free guide shows you, step-by-step, how to plan your perfect budget, simplify tax returns, manage inventory, create invoices, track costs, generate reports, and accurately check off every other financial task that comes across your desk!  

  • Get the most out of QuickBooks 2022, including all the latest features and updates 
  • Sharpen your finance and accounting know-how with a friendly rundown of the must-knows 
  • Keep yourself in business with a solid budget, a world-class business plan, and clean payroll 
  • Take the headache out of tax time with QuickTime’s automated tax preparation 

QuickBooks All-in-One 2022 For Dummies is the trusted go-to that will save you time and allow you to focus on the business of running your small business! 

Introduction 1(6)
About This Book
1(1)
Foolish Assumptions
2(1)
Icons Used in This Book
3(1)
Beyond the Book
4(1)
Where to Go from Here
4(3)
Book 1: An Accounting Primer 7(64)
Chapter 1 Principles of Accounting
9(20)
The Purpose of Accounting
10(2)
The big picture
10(1)
Managers, investors, and entrepreneurs
10(1)
External creditors
11(1)
Government agencies
11(1)
Business form generation
12(1)
Reviewing the Common Financial Statements
12(12)
The income statement
12(3)
Balance sheet
15(4)
Statement of cash flows
19(3)
Other accounting statements
22(1)
Putting it all together
23(1)
The Philosophy of Accounting
24(4)
Revenue principle
25(1)
Expense principle
25(1)
Matching principle
25(1)
Cost principle
26(1)
Objectivity principle
26(1)
Continuity assumption
26(1)
Unit-of-measure assumption
27(1)
Separate-entity assumption
27(1)
A Few Words about Tax Accounting
28(1)
Chapter 2 Double-Entry Bookkeeping
29(20)
The Fiddle-Faddle Method of Accounting
30(3)
How Double-Entry Bookkeeping Works
33(6)
The accounting model
33(2)
Talking mechanics
35(4)
Almost a Real-Life Example
39(7)
Recording rent expense
39(1)
Recording wages expense
40(1)
Recording supplies expense
40(1)
Recording sales revenue
40(1)
Recording cost of goods sold
41(1)
Recording the payoff of accounts payable
42(1)
Recording the payoff of a loan
42(1)
Calculating account balance
42(3)
Using T-account analysis results
45(1)
A Few Words about How QuickBooks Works
46(3)
Chapter 3 Special Accounting Problems
49(22)
Working with Accounts Receivable
50(3)
Recording a sale
50(1)
Recording a payment
50(1)
Estimating bad-debt expense
51(1)
Removing uncollectible accounts receivable
52(1)
Recording Accounts Payable Transactions
53(2)
Recording a bill
53(1)
Paying a bill
54(1)
Taking some other accounts payable pointers
55(1)
Inventory Accounting
55(4)
Dealing with obsolete inventory
56(1)
Disposing of obsolete inventory
57(1)
Dealing with inventory shrinkage
58(1)
Accounting for Fixed Assets
59(4)
Purchasing a fixed asset
60(1)
Dealing with depreciation
60(2)
Disposing of a fixed asset
62(1)
Recognizing Liabilities
63(5)
Borrowing money
63(1)
Making a loan payment
64(1)
Accruing liabilities
65(3)
Closing Out Revenue and Expense Accounts
68(2)
The traditional close
69(1)
The QuickBooks close
69(1)
One More Thing
70(1)
Book 2: Getting Ready To Use Quickbooks 71(76)
Chapter 1 Setting Up QuickBooks
73(18)
Planning Your New QuickBooks System
73(3)
What accounting does
73(1)
What accounting systems do
74(1)
What QuickBooks does
74(1)
And now for the bad news
75(1)
Installing QuickBooks
76(1)
Dealing with the Presetup Jitters
77(2)
Preparing for setup
78(1)
Seeing what happens during setup
79(1)
Running the QuickBooks Setup Wizard
79(8)
Getting the big welcome
79(1)
Supplying company information
80(2)
Customizing QuickBooks
82(1)
Setting your start date
83(1)
Reviewing the suggested chart of accounts
84(1)
Adding your information to the company file
85(2)
Identifying the Starting Trial Balance
87(4)
A simple example to start
87(2)
A real-life example to finish
89(2)
Chapter 2 Loading the Master File Lists
91(24)
Setting Up the Chart of Accounts List
92(4)
Setting Up the Item List
96(1)
Working with the Price Level List
97(1)
Using Sales Tax Codes
98(1)
Setting Up a Payroll Item List
98(2)
Setting Up Classes
100(1)
Setting Up a Customer List
101(5)
Setting Up the Vendor List
106(3)
Setting Up a Fixed Assets List
109(2)
Setting Up a Price Level List
111(1)
Setting Up a Billing Rate Level List
111(1)
Setting Up Your Employees
112(1)
Setting Up an Other Names List
112(1)
Setting Up the Profile Lists
112(3)
Chapter 3 Fine-Tuning QuickBooks
115(32)
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(2)
Setting Finance Charge Calculation Rules
125(1)
Setting General Preferences
126(2)
Controlling Integrated Applications
128(1)
Controlling Inventory
129(1)
Controlling How Jobs and Estimates Work
130(1)
Dealing with Multiple Currencies
131(1)
Starting Integrated Payment Processing
132(1)
Controlling How Payroll Works
132(2)
Telling QuickBooks How Reminders Should Work
134(1)
Specifying Reports & Graphs Preferences
135(4)
Setting Sales & Customers Preferences
139(1)
Specifying How Sales Are Taxed
140(1)
Setting the Search Preferences
141(1)
Setting the Send Forms Preferences
142(1)
Fine-Tuning the Service Connection
143(1)
Controlling Spell Checking
143(1)
Controlling How 1099 Tax Reporting Works
144(1)
Setting Time & Expenses Preferences
145(2)
Book 3: Bookkeeping Chores 147(132)
Chapter 1 Invoicing Customers
149(36)
Choosing an Invoice Form
149(1)
Customizing an Invoice Form
150(10)
Choosing a template to customize
150(1)
Reviewing the Additional Customization options
150(5)
Moving on to Basic Customization
155(2)
Working with the Layout Designer tool
157(3)
Working with the web-based Forms Customization tool
160(1)
Invoicing a Customer
160(6)
Billing for Time
166(5)
Using a weekly time sheet
166(1)
Timing single activities
167(2)
Including billable time on an invoice
169(2)
Printing Invoices
171(1)
Emailing Invoices
171(1)
Recording Sales Receipts
172(3)
Recording Credit Memos
175(2)
Receiving Customer Payments
177(2)
Assessing Finance Charges
179(2)
Setting up finance-charge rules
179(1)
Calculating finance charges
180(1)
Using Odds and Ends on the Customers Menu
181(4)
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
201(1)
Sales Tax menu commands
202(1)
Inventory Activities menu commands
203(1)
Print/E-file 1099s
203(1)
Item List
204(1)
Chapter 3 Tracking Inventory and Items
205(30)
Looking at Your Item List
206(2)
Using the Item Code column
206(1)
Using the Item List window
206(1)
Using inventory reports
207(1)
Adding Items to the Item List
208(13)
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
214(1)
Adding a subtotal item
215(1)
Adding a group item
216(1)
Adding a discount item
217(1)
Adding a payment item
218(1)
Adding a sales tax item
218(1)
Setting up a sales tax group
219(1)
Adding custom fields to items
219(2)
Editing Items
221(8)
Adjusting physical counts and inventory values
222(3)
Adjusting prices and price levels
225(1)
Using the Change Item Prices command
225(1)
Using price levels
226(2)
Enabling advanced pricing
228(1)
Managing Inventory in a Manufacturing Firm
229(6)
Handling manufactured inventory the simple way
229(1)
Performing inventory accounting in QuickBooks
230(3)
Managing multiple inventory locations
233(2)
Chapter 4 Managing Cash and Bank Accounts
235(32)
Writing Checks
236(7)
Recording and printing a check
236(5)
Customizing the check form
241(2)
Making Bank Deposits
243(3)
Transferring Money between Bank Accounts
246(1)
Working with the Register
247(7)
Recording register transactions
248(3)
Using Register window commands and buttons
251(3)
Using Edit Menu Commands
254(4)
Reconciling the Bank Account
258(4)
Reviewing the Other Banking Commands
262(5)
Order Checks & Envelopes command
263(1)
Enter Credit Card Charges command
263(1)
Bank Feeds command
264(1)
Loan Manager command
265(1)
Other Names list
265(2)
Chapter 5 Paying Employees
267(12)
Setting Up Payroll
267(7)
Signing up for a payroll service
269(1)
Setting up employees
269(4)
Setting up year-to-date amounts
273(1)
Checking your payroll setup data
274(1)
Scheduling Payroll Runs
274(1)
Paying Employees
274(2)
Editing and Voiding Paychecks
276(1)
Paying Payroll Liabilities
277(2)
Book 4: Accounting Chores 279(80)
Chapter 1 For Accountants Only
281(16)
Working with QuickBooks Journal Entries
281(3)
Recording a journal entry
282(1)
Reversing a journal entry
283(1)
Editing journal entries
284(1)
Updating Company Information
284(1)
Working with Memorized Transactions
284(1)
Reviewing the Accountant & Taxes Reports
285(3)
Creating an Accountant's Copy of the QuickBooks Data File
288(7)
Creating an accountant's copy
288(1)
Handling the accountant's copy manually
288(3)
Sending the accountant's copy electronically
291(1)
Using an accountant's copy
292(1)
Reusing an accountant's copy
292(1)
Exporting client changes
293(1)
Importing accountant's changes
294(1)
Canceling accountant's changes
295(1)
Troubleshooting accountant's copy transfers
295(1)
Using the Client Data Review Commands
295(2)
Chapter 2 Preparing Financial Statements and Reports
297(22)
Some Wise Words Up Front
298(1)
Producing a Report
298(1)
Working with the Report Window
299(9)
Working with Report window buttons
299(7)
Using the Report window controls
306(2)
Modifying a Report
308(6)
Using the Display tab
308(2)
Using the Filters tab
310(2)
Using the Header/Footer tab
312(1)
Formatting fonts and numbers
313(1)
Processing Multiple Reports
314(1)
A Few Words about Document Retention
315(4)
Chapter 3 Preparing a Budget
319(12)
Reviewing Common Budgeting Tactics
319(4)
Top-line budgeting
320(1)
Zero-based budgeting
320(1)
Benchmarking
321(1)
Putting it all together
322(1)
Taking a Practical Approach to Budgeting
323(1)
Using the Set Up Budgets Window
323(4)
Creating a new budget
323(2)
Working with an existing budget
325(2)
Managing with a Budget
327(2)
Some Wrap-Up Comments on Budgeting
329(2)
Chapter 4 Using Activity-Based Costing
331(16)
Reviewing Traditional Overhead Allocation
332(2)
Understanding How ABC Works
334(5)
The ABC product-line income statement
334(4)
ABC in a small firm
338(1)
Implementing a Simple ABC System
339(2)
Seeing How QuickBooks Supports ABC
341(1)
Turning On Class Tracking
341(1)
Using Classes for ABC
342(5)
Setting up your classes
343(1)
Classifying revenue amounts
343(1)
Classifying expense amounts
343(2)
Making after-the-fact classifications
345(1)
Producing ABC reports
346(1)
Chapter 5 Setting Up Project and Job Costing Systems
347(12)
Setting Up a QuickBooks Job
347(3)
Tracking Job or Project Costs
350(3)
Job Cost Reporting
353(1)
Using Job Estimates
354(1)
Progress Billing
355(4)
Book 5: Financial Management 359(50)
Chapter 1 Ratio Analysis
361(18)
Some Caveats about Ratio Analysis
362(1)
Liquidity Ratios
363(2)
Current ratio
363(1)
Acid-test ratio
364(1)
Leverage Ratios
365(4)
Debt ratio
365(1)
Debt equity ratio
366(1)
Times interest earned ratio
367(1)
Fixed-charges coverage ratio
368(1)
Activity Ratios
369(4)
Inventory turnover ratio
370(1)
Days of inventory ratio
371(1)
Average collection period ratio
371(1)
Fixed-asset turnover ratio
372(1)
Total-assets turnover ratio
373(1)
Profitability Ratios
373(6)
Gross margin percentage
374(1)
Operating income/sales
374(1)
Profit margin percentage
375(1)
Return on assets
375(1)
Return on equity
376(3)
Chapter 2 Economic Value Added Analysis
379(14)
Introducing the Logic of EVA
379(1)
Seeing EVA in Action
380(3)
An example of EVA
382(1)
Another example of EVA
382(1)
Reviewing Some Important Points about EVA
383(2)
Using EVA When Your Business Has Debt
385(4)
The first example of the modified EVA formula
385(2)
Another EVA with debt example
387(2)
Presenting Two Final Pointers
389(1)
And Now, a Word to My Critics
390(3)
Chapter 3 Capital Budgeting in a Nutshell
393(16)
Introducing the Theory of Capital Budgeting
393(3)
The big thing is the return
394(1)
One little thing is maturity
394(1)
Another little thing is risk
395(1)
The bottom line
395(1)
Calculating the Rate of Return on Capital
396(9)
Calculating the investment amount
397(1)
Estimating the net cash flows
397(4)
Calculating the return
401(4)
Measuring Liquidity
405(1)
Thinking about Risk
406(2)
What Does All This Have to Do with QuickBooks?
408(1)
Book 6: Business Plans 409(74)
Chapter 1 Profit-Volume-Cost Analysis
411(20)
Seeing How Profit-Volume-Cost Analysis Works
412(2)
Calculating Break-Even Points
414(1)
Using Real QuickBooks Data for Profit-Volume-Cost Analysis
415(3)
Sales revenue
415(1)
Gross margin percentage
416(1)
Fixed costs
417(1)
Recognizing the Downside of the Profit-Volume-Cost Model
418(2)
Using the Profit-Volume-Cost Analysis Workbook
420(11)
Collecting your inputs
420(4)
Understanding the Break-Even Analysis Forecast
424(1)
Understanding the Profit-Volume Forecast
425(2)
Looking at the profit-volume-cost charts
427(4)
Chapter 2 Creating a Business Plan Forecast
431(38)
Reviewing Financial Statements and Ratios
432(1)
Using the Business Plan Workbook
433(9)
Understanding the Workbook Calculations
442(24)
Forecasting inputs
443(1)
Balance Sheet
443(7)
Common Size Balance Sheet
450(1)
Income Statement
451(4)
Common Size Income Statement
455(1)
Cash Flow Statement
455(6)
Financial Ratios Table
461(5)
Customizing the Starter Workbook
466(3)
Changing the number of periods
467(1)
Performing ratio analysis on existing financial statements
467(1)
Calculating taxes for a current net loss before taxes
467(1)
Combining this workbook with other workbooks
468(1)
Chapter 3 Writing a Business Plan
469(14)
What the Term "Business Plan" Means
469(1)
A Few Words about Strategic Plans
470(2)
Cost strategies
470(1)
Differentiated products or services strategies
471(1)
Focus strategies
471(1)
Look, Ma: No Strategy
472(2)
Two comments about tactics
473(1)
Six final strategy pointers
473(1)
A White-Paper Business Plan
474(3)
A New-Venture Plan
477(8)
Is the new venture's product or service feasible?
477(1)
Does the market want the product or service?
478(1)
Can the product or service be profitably sold?
478(1)
Is the return on the venture adequate for prospective investors?
479(1)
Can existing management run the business?
480(1)
Some final thoughts
481(2)
Book 7: Care And Maintenance 483(44)
Chapter 1 Administering QuickBooks
485(18)
Keeping Your Data Confidential
485(2)
Using Windows security
486(1)
Using QuickBooks security
486(1)
Using QuickBooks in a Multiuser Environment
487(10)
Setting up additional QuickBooks users
488(6)
Changing user rights in Enterprise Solutions
494(3)
Changing user rights in QuickBooks Pro and Premier
497(1)
Using Audit Trails
497(1)
Enabling Simultaneous Multiuser Access
498(1)
Maintaining Good Accounting Controls
499(4)
Chapter 2 Protecting Your Data
503(18)
Backing Up the QuickBooks Data File
503(6)
Backing-up basics
504(3)
What about online backup?
507(1)
Some backup tactics
508(1)
Restoring a QuickBooks Data File
509(3)
Condensing the QuickBooks Company Files
512(9)
Cleanup basics
514(5)
Some cleanup and archiving strategies
519(2)
Chapter 3 Troubleshooting
521(6)
Using the QuickBooks Help File and This Book
521(2)
Browsing Intuit's Product-Support Website
523(2)
Checking Another Vendor's Product-Support Website
525(1)
Tapping into Intuits Online and Expert Communities
525(1)
When All Else Fails
526(1)
Book 8: Appendixes 527(66)
Appendix A: A Crash Course in Excel
529(16)
Starting Excel
529(1)
Stopping Excel
530(1)
Explaining Excel's Workbooks
530(1)
Putting Text, Numbers, and Formulas in Cells
531(1)
Writing Formulas
532(1)
Scrolling through Big Workbooks
533(1)
Copying and Cutting Cell Contents
534(2)
Copying cell contents
534(1)
Moving cell contents
535(1)
Moving and copying formulas
535(1)
Formatting Cell Contents
536(2)
Recognizing That Functions Are Simply Formulas
538(3)
Saving and Opening Workbooks
541(2)
Saving a workbook
541(1)
Opening a workbook
542(1)
Printing Excel Workbooks
543(1)
One Other Thing to Know
544(1)
Appendix B: Government Web Resources for Businesses
545(18)
Bureau of Economic Analysis
545(3)
Finding information at the BEA website
545(1)
Downloading a BEA publication
546(1)
Uncompressing a BEA publication
547(1)
Using a BEA publication
548(1)
Bureau of Labor Statistics
548(4)
Finding information at the BLS website
549(1)
Using BLS information
549(3)
Census Bureau
552(3)
Finding information at the Census Bureau website
553(1)
Using the Census Bureau's publications
554(1)
Using the Census Bureau search engine
554(1)
Using the Census Bureau Subjects index
555(1)
Securities and Exchange Commission
555(3)
Finding information through EDGAR
556(1)
Searching the EDGAR database
556(2)
Federal Reserve
558(1)
Finding information at the Federal Reserve website
558(1)
Using the Federal Reserve website's information
559(1)
Government Publishing Office
559(2)
Information available at the GPO website
560(1)
Searching the GPO database
560(1)
Internal Revenue Service
561(2)
Appendix C: Glossary of Accounting and Financial Terms
563(30)
Index 593
Stephen L. Nelson, CPA, MBA, is a Certified Public Accountant in Redmond, Washington where he provides accounting, business advisory and tax planning and preparation services to small businesses. He has authored over 100 books about how to use technology to manage personal and business finances.