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There are two types of sales in QuickBooks: credit sales and cash sales. By the end of this lesson, you will be able to keep track of your credit sales by creating and emailing invoices to your customers as well as recording cash sales where no invoice is needed. 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. First, you can write and print checks directly from QuickBooks to pay for expenses that require immediate payment. Second, you will be able to manage what you owe to vendors by entering and tracking bills. You will learn to enter the payment of these bills correctly so that the expense is not recorded twice.
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. Finally, you can use the reconcile tool to ensure the transactions on your bank statement match what has been entered into QuickBooks, resulting in up-to-date financial statements.
If you need a refresher, we walked through how to import your banking transactions into QuickBooks in Lesson 1, Tutorial 9. Bookkeeping is much easier when cash transactions are kept to a minimum. One way to limit cash transactions is to use a credit card.
This lesson will teach you to download and track your credit card purchases in QuickBooks and reconcile them with your credit card statement to ensure that they match. By the end of this lesson, you will be able to manage credit card sales with either a QuickBooks Payments account integrated with QuickBooks or a third-party credit card processor.
You should consider accepting credit card payments as a convenience for your customers and to increase the speed that you collect outstanding invoices. By using QuickBooks Payroll , all your wages, salaries, and payroll taxes will be included automatically in your financial statements. QuickBooks will generate important reports that will provide you, your accountant, and your banker important insights into the financial health of your business. One of the primary purposes of using bookkeeping software like QuickBooks Online is to determine the health of your business at any given point in time.
Having the ability to produce solid, accurate financial statements can benefit you in the following ways:. Our QuickBooks Online tutorial will teach you the basics you need to know to start keeping the books for your small company or employer.
Get started today. First Tutorial. QuickBooks Desktop Pro Quick Reference Card — Designed with the busy professional in mind, this 4-page laminated quick reference guide provides step-by-step instructions in QuickBooks Desktop Pro It provides quick instructions right at your fingertips.
Durable and easy-to-use, quick reference cards are perfect for individuals, businesses, and as supplemental training materials. Try It Free! Updated hourly. Best Sellers in Quickbooks. Stephen L. Thomas Newton. David H. TeachUcomp Inc. Crystalynn Shelton. Kindle Edition. Cathy J. Michael Kane. Audible Audiobook. Lita Epstein. Lisa London.
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