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Quickbooks accountant desktop 2015. QuickBooks 2015: The Missing Manual by Bonnie Biafore |
Quickbooks accountant desktop 2015.Success is the Word: A Look at QuickBooks Accountant Desktop 2015
If you work in one of the industries covered by QuickBooks Premier, you can get additional features unique to your industry. When you install QuickBooks Premier, you choose the industry version you want to run. If your business is in an industry other than one of the five options, choose General Business. It lets you run any QuickBooks edition Pro or any of the Premier versions.
The General Business edition has Premier goodies like per-item price levels, sales orders, and so on. It also has sales and expense forecasting, the Inventory Center, more built-in reports than QuickBooks Pro, and a business plan feature.
Its chart of accounts and menus are customized for manufacturing and wholesale operations. You can use it to manage inventory assembled from components and to track customer return merchandise authorizations RMAs and damaged goods. If you run a nonprofit organization, you know that several things work differently in the nonprofit world, as the box on Accounting Basics: The Important Stuff details.
The Nonprofit edition of QuickBooks includes features such as a chart of accounts customized for nonprofits, forms and letters targeted to donors and pledges, info about using the program for nonprofits, and the ability to generate Statement of Functional Expenses forms. The Professional Services edition not to be confused with QuickBooks Pro is designed for companies that deliver services to their clients.
Unique features include project-costing reports, templates for proposals and invoices, billing rates that you can customize by client or employee, and professional service—specific reports and help.
The Retail edition is customized for retail businesses. It includes specialized menus, reports, forms, and help, as well as a custom chart of accounts. Intuit offers companion products that you can integrate with this edition to support all aspects of your retail operation. As long as funding comes primarily from unrestricted sources, the Pro edition will work reasonably well. In that case, QuickBooks Premier Nonprofit might be a real timesaver.
Double-entry accounting is the standard method for tracking where your money comes from and where it goes. For example, as shown in Table 1 , when you sell something to a customer, the money on your invoice comes in as income and goes into your Accounts Receivable account. Then, when you deposit the payment, the money comes out of the Accounts Receivable account and goes into your checking account.
See Chapter 16 for more about double-entry accounting and journal entries. Each side of a double-entry transaction is either a debit or a credit. As you can see in Table 1 , when you sell products or services, you credit your income account since your income increases when you sell something , but debit the Accounts Receivable account because selling something also increases how much customers owe you.
Chart of accounts. In bookkeeping, an account is a place to store money, just like your real-world checking account is a place to store your ready cash. The difference is that you need an account for each kind of income, expense, asset, and liability you have. See Chapter 3 to learn about all the different types of accounts you might use. Cash vs. Cash and accrual are the two different ways companies can document how much they make and spend. The accrual method, on the other hand, follows something known as the matching principle , which matches revenue with the corresponding expenses.
This approach keeps income and expenses linked to the period in which they happened, no matter when cash comes in or goes out. The advantage of this method is that it provides a better picture of profitability because income and its corresponding expenses appear in the same period.
For example, if you pay employees in January for work they did in December, those wages are part of the previous fiscal year. Financial reports. This QuickBooks report gets its name from the difference between income and expenses, which results in your profit or loss for that period. The balance sheet The Balance Sheet is a snapshot of how much you own and how much you owe. Assets are things you own that have value, such as buildings, equipment, and brand names.
Liabilities are the money you owe to others like money you borrowed to buy one of your assets, say. The difference between your assets and liabilities is the equity in the company—like the equity you have in your house when the house is worth more than you owe on the mortgage. The statement of cash flows The Statement of Cash Flows tells you how much hard cash you have.
You might think that a profit and loss report would tell you that, but noncash transactions—such as depreciation—prevent it from doing so. But if bookkeeping and accounting are unfamiliar territory, some background training may help you use QuickBooks better and more easily without calling your accountant for help five times a day.
To contact the school, visit www. QuickBooks Help provides a healthy dose of accounting background and troubleshooting tips. This book provides lots of real-world examples, and you can search for topics in its index. This book applies to the U. Windows version of QuickBooks Pro and Premier. Versions for other countries differ from the U. After that, go ahead and jump from topic to topic depending on the bookkeeping task at hand. All the features in QuickBooks Pro—and in this book—are also in Premier.
To keep you productive, this book evaluates features to help you figure out which ones are most useful and when to use them. QuickBooks The Missing Manual is designed to accommodate readers at every technical level. The primary discussions are written for people with beginner or intermediate QuickBooks skills. These chapters cover creating a company file and setting up accounts, customers, jobs, vendors, invoice items, and other lists.
These chapters describe how to track time and expenses, pay for things you buy, bill customers, manage the money that customers owe you, pay for expenses, manage your bank accounts, and perform other bookkeeping tasks.
Part 3 delves into the features that can help you make your company a success—or even more successful than it already is. If you need to upgrade, you can find the best deals on QuickBooks products at our online store. You must be logged in to post a comment.
Talk with an Expert. Need Help? Phone: Find an Advisor. Chris Low. Recent News. No Comments. The prices vary from pro to the accountant, depending on the features and service the product provides to the users. Visit the QuickBooks Desktop official page and choose your plan for more information. Follow the step-by-step guide to install QuickBooks on Windows. Step 1 - Check your system requirements and make sure you have a stable internet connection.
Step 2 - Purchase and download QuickBooks desktop Step 3 - Installation of QuickBooks on Windows. Step 4- Choosing the right install type. Step 2 - How to get your license and product numbers. Step 3 - Installing QuickBooks Desktop ,. Intuit has discontinued QuickBooks , and Intuit no longer supports its versions and Add-ons.
However, if you have QuickBooks , you can still perform essential accounting functions. But any technical service like desktop payroll, online banking etc. Yes, to avail of all the add-ons and technical services, you might need to upgrade to the latest version of QuickBooks But, before getting the version, make sure your current system meets all the requirements for optimal functioning of QuickBooks If you are trying to operate any earlier version of QuickBooks on Windows 11, the software might pose some technical issues.
QuickBooks Tool Hub Download. Revisit a section. All Rights Reserved. Disclaimer powered by Adbuz Digital Marketing Agency. Get in touch. Download QuickBooks Pro Download QuickBooks Premier Download QuickBooks Accountant System Requirements of QuickBooks Supported Operating Systems:. Windows 7, natively installed, all editions including bit Windows 8, natively installed, all editions including bit Windows 10, natively installed, all editions including bit Windows Vista, natively installed, all editions including bit SP1 or later version Windows , Windows small business , windows small business server , Natively installed windows server SP2 , Windows Server , Windows Server R2.
Minimum Hardware Requirements:. Processor Minimum 2. Disk space requirements. Other settings for Intuit Data Protect. Version Regional settings supported: only when set to United States U. Keyboard settings: U. Supported Database Servers:. All Features of QuickBooks Desktop Features of QuickBooks Pro The latest version has introduced an income tracking feature to view all your income-producing transactions in a single place. The new "Insights Tab" at the "Home" window provides the complete business details of individual clients.
The data can be arranged in graphs for better understanding. The multi-user admin feature can now check all logged-in users and terminate them without saving the data. The income tracker has a new "Time and expenses" feature to add timely bill details in the money bar.
The Pinned note section lets you add essential notes about employees, customers, and vendors. Features of QuickBooks Premier The Online Banking feature can send multiple transactions simultaneously and enter them in the QuickBooks data for future tracking. The system is now linked to Bank Feeds Center, and you can create rules and perform several actions together. The Payroll centre is more organized, and there are different categories for each payroll activity paying liabilities, paying customers, paying taxes etc.
The Bill Payment sections now show both credit cards and bill details. This feature was absent in previous versions. You can send emails to the customers for transactions, invoices or other details using the sent EMAIL feature in the Customers Section.
- Quickbooks accountant desktop 2015
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Quickbooks accountant desktop 2015
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