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QuickBooks 2022 All-in-One For Dummies


QuickBooks 2022 All-in-One For Dummies


1. Aufl.

von: Stephen L. Nelson

22,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 08.11.2021
ISBN/EAN: 9781119817239
Sprache: englisch
Anzahl Seiten: 640

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

<p><b>The soup-to-nuts QuickBooks reference that will make your small business life so much simpler! </b></p> <p>QuickBooks makes it quick to do your books, and <i>QuickBooks 2022 All-in-One For Dummies</i> 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. </p> <p>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!  </p> <ul> <li>Get the most out of QuickBooks 2022, including all the latest features and updates </li> <li>Sharpen your finance and accounting know-how with a friendly rundown of the must-knows </li> <li>Keep yourself in business with a solid budget, a world-class business plan, and clean payroll </li> <li>Take the headache out of tax time with QuickTime’s automated tax preparation </li> </ul> <p>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! </p>
<p><b>Introduction</b> <b>1</b></p> <p>About This Book 1</p> <p>Foolish Assumptions 2</p> <p>Icons Used in This Book 3</p> <p>Beyond the Book 4</p> <p>Where to Go from Here 4</p> <p><b>Book 1: An Accounting Primer 7</b></p> <p><b>Chapter 1: Principles of Accounting 9</b></p> <p>The Purpose of Accounting 10</p> <p>The big picture 10</p> <p>Managers, investors, and entrepreneurs 10</p> <p>External creditors 11</p> <p>Government agencies 11</p> <p>Business form generation 12</p> <p>Reviewing the Common Financial Statements 12</p> <p>The income statement 12</p> <p>Balance sheet 15</p> <p>Statement of cash flows 19</p> <p>Other accounting statements 22</p> <p>Putting it all together 23</p> <p>The Philosophy of Accounting 24</p> <p>Revenue principle 25</p> <p>Expense principle 25</p> <p>Matching principle 25</p> <p>Cost principle 26</p> <p>Objectivity principle 26</p> <p>Continuity assumption 26</p> <p>Unit-of-measure assumption 27</p> <p>Separate-entity assumption 27</p> <p>A Few Words about Tax Accounting 28</p> <p><b>Chapter 2: Double-Entry Bookkeeping 29</b></p> <p>The Fiddle-Faddle Method of Accounting 30</p> <p>How Double-Entry Bookkeeping Works 33</p> <p>The accounting model 33</p> <p>Talking mechanics 35</p> <p>Almost a Real-Life Example 39</p> <p>Recording rent expense 39</p> <p>Recording wages expense 40</p> <p>Recording supplies expense 40</p> <p>Recording sales revenue 40</p> <p>Recording cost of goods sold 41</p> <p>Recording the payoff of accounts payable 42</p> <p>Recording the payoff of a loan 42</p> <p>Calculating account balance 42</p> <p>Using T-account analysis results 45</p> <p>A Few Words about How QuickBooks Works 46</p> <p><b>Chapter 3: Special Accounting Problems 49</b></p> <p>Working with Accounts Receivable 50</p> <p>Recording a sale 50</p> <p>Recording a payment 50</p> <p>Estimating bad-debt expense 51</p> <p>Removing uncollectible accounts receivable 52</p> <p>Recording Accounts Payable Transactions 53</p> <p>Recording a bill 53</p> <p>Paying a bill 54</p> <p>Taking some other accounts payable pointers 55</p> <p>Inventory Accounting 55</p> <p>Dealing with obsolete inventory 56</p> <p>Disposing of obsolete inventory 57</p> <p>Dealing with inventory shrinkage 58</p> <p>Accounting for Fixed Assets 59</p> <p>Purchasing a fixed asset 60</p> <p>Dealing with depreciation 60</p> <p>Disposing of a fixed asset 62</p> <p>Recognizing Liabilities 63</p> <p>Borrowing money 63</p> <p>Making a loan payment 64</p> <p>Accruing liabilities 65</p> <p>Closing Out Revenue and Expense Accounts 68</p> <p>The traditional close 69</p> <p>The QuickBooks close 69</p> <p>One More Thing 70</p> <p><b>Book 2: Getting Ready to Use QuickBooks 71</b></p> <p><b>Chapter 1: Setting Up QuickBooks 73</b></p> <p>Planning Your New QuickBooks System 73</p> <p>What accounting does 73</p> <p>What accounting systems do 74</p> <p>What QuickBooks does 74</p> <p>And now for the bad news 75</p> <p>Installing QuickBooks 76</p> <p>Dealing with the Presetup Jitters 77</p> <p>Preparing for setup 78</p> <p>Seeing what happens during setup 79</p> <p>Running the QuickBooks Setup Wizard 79</p> <p>Getting the big welcome 79</p> <p>Supplying company information 80</p> <p>Customizing QuickBooks 82</p> <p>Setting your start date 83</p> <p>Reviewing the suggested chart of accounts 84</p> <p>Adding your information to the company file 85</p> <p>Identifying the Starting Trial Balance 87</p> <p>A simple example to start 87</p> <p>A real-life example to finish 89</p> <p><b>Chapter 2: Loading the Master File Lists 91</b></p> <p>Setting Up the Chart of Accounts List 92</p> <p>Setting Up the Item List 96</p> <p>Working with the Price Level List 97</p> <p>Using Sales Tax Codes 98</p> <p>Setting Up a Payroll Item List 98</p> <p>Setting Up Classes 100</p> <p>Setting Up a Customer List 101</p> <p>Setting Up the Vendor List 106</p> <p>Setting Up a Fixed Assets List 109</p> <p>Setting Up a Price Level List 111</p> <p>Setting Up a Billing Rate Level List 111</p> <p>Setting Up Your Employees 112</p> <p>Setting Up an Other Names List 112</p> <p>Setting Up the Profile Lists 112</p> <p><b>Chapter 3: Fine-Tuning QuickBooks 115</b></p> <p>Accessing the Preferences Settings 116</p> <p>Setting the Accounting Preferences 118</p> <p>Using account numbers 118</p> <p>Setting general accounting options 119</p> <p>Setting the Bills Preferences 121</p> <p>Setting the Calendar Preferences 121</p> <p>Setting the Checking Preferences 121</p> <p>Changing the Desktop View 123</p> <p>Setting Finance Charge Calculation Rules 125</p> <p>Setting General Preferences 126</p> <p>Controlling Integrated Applications 128</p> <p>Controlling Inventory 129</p> <p>Controlling How Jobs and Estimates Work 130</p> <p>Dealing with Multiple Currencies 131</p> <p>Starting Integrated Payment Processing 132</p> <p>Controlling How Payroll Works 132</p> <p>Telling QuickBooks How Reminders Should Work 134</p> <p>Specifying Reports & Graphs Preferences 135</p> <p>Setting Sales & Customers Preferences 139</p> <p>Specifying How Sales Are Taxed 140</p> <p>Setting the Search Preferences 141</p> <p>Setting the Send Forms Preferences 142</p> <p>Fine-Tuning the Service Connection 143</p> <p>Controlling Spell Checking 143</p> <p>Controlling How 1099 Tax Reporting Works 144</p> <p>Setting Time & Expenses Preferences 145</p> <p><b>Book 3: Bookkeeping Chores 147</b></p> <p><b>Chapter 1: Invoicing Customers 149</b></p> <p>Choosing an Invoice Form 149</p> <p>Customizing an Invoice Form 150</p> <p>Choosing a template to customize 150</p> <p>Reviewing the Additional Customization options 150</p> <p>Moving on to Basic Customization 155</p> <p>Working with the Layout Designer tool 157</p> <p>Working with the web-based Forms Customization tool 160</p> <p>Invoicing a Customer 160</p> <p>Billing for Time 166</p> <p>Using a weekly time sheet 166</p> <p>Timing single activities 167</p> <p>Including billable time on an invoice 169</p> <p>Printing Invoices 171</p> <p>Emailing Invoices 171</p> <p>Recording Sales Receipts 172</p> <p>Recording Credit Memos 175</p> <p>Receiving Customer Payments 177</p> <p>Assessing Finance Charges 179</p> <p>Setting up finance-charge rules 179</p> <p>Calculating finance charges 180</p> <p>Using Odds and Ends on the Customers Menu 181</p> <p><b>Chapter 2: Paying Vendors 185</b></p> <p>Creating a Purchase Order 185</p> <p>Creating a real purchase order 186</p> <p>Using some purchase order tips and tricks 189</p> <p>Recording the Receipt of Items 189</p> <p>Simultaneously Recording the Receipt and the Bill 192</p> <p>Entering a Bill 194</p> <p>If you haven’t previously recorded an item receipt 194</p> <p>If you have previously recorded an item receipt 196</p> <p>Paying Bills 198</p> <p>Reviewing the Other Vendor Menu Commands 201</p> <p>Vendor Center 201</p> <p>Sales Tax menu commands 202</p> <p>Inventory Activities menu commands 203</p> <p>Print/E-file 1099s 203</p> <p>Item List 204</p> <p><b>Chapter 3: Tracking Inventory and Items 205</b></p> <p>Looking at Your Item List 206</p> <p>Using the Item Code column 206</p> <p>Using the Item List window 206</p> <p>Using inventory reports 207</p> <p>Adding Items to the Item List 208</p> <p>Adding an item: Basic steps 209</p> <p>Adding a service item 210</p> <p>Adding an inventory part 211</p> <p>Adding a noninventory part 213</p> <p>Adding an other-charge item 214</p> <p>Adding a subtotal item 215</p> <p>Adding a group item 216</p> <p>Adding a discount item 217</p> <p>Adding a payment item 218</p> <p>Adding a sales tax item 218</p> <p>Setting up a sales tax group 219</p> <p>Adding custom fields to items 219</p> <p>Editing Items 221</p> <p>Adjusting physical counts and inventory values 222</p> <p>Adjusting prices and price levels 225</p> <p>Using the Change Item Prices command 225</p> <p>Using price levels 226</p> <p>Enabling advanced pricing 228</p> <p>Managing Inventory in a Manufacturing Firm 229</p> <p>Handling manufactured inventory the simple way 229</p> <p>Performing inventory accounting in QuickBooks 230</p> <p>Managing multiple inventory locations 233</p> <p><b>Chapter 4: Managing Cash and Bank Accounts 235</b></p> <p>Writing Checks 236</p> <p>Recording and printing a check 236</p> <p>Customizing the check form 241</p> <p>Making Bank Deposits 243</p> <p>Transferring Money between Bank Accounts 246</p> <p>Working with the Register 247</p> <p>Recording register transactions 248</p> <p>Using Register window commands and buttons 251</p> <p>Using Edit Menu Commands 254</p> <p>Reconciling the Bank Account 258</p> <p>Reviewing the Other Banking Commands 262</p> <p>Order Checks & Envelopes command 263</p> <p>Enter Credit Card Charges command 263</p> <p>Bank Feeds command 264</p> <p>Loan Manager command 265</p> <p>Other Names list 265</p> <p><b>Chapter 5: Paying Employees 267</b></p> <p>Setting Up Payroll 267</p> <p>Signing up for a payroll service 269</p> <p>Setting up employees 269</p> <p>Setting up year-to-date amounts 273</p> <p>Checking your payroll setup data 274</p> <p>Scheduling Payroll Runs 274</p> <p>Paying Employees 274</p> <p>Editing and Voiding Paychecks 276</p> <p>Paying Payroll Liabilities 277</p> <p><b>Book 4: Accounting Chores 279</b></p> <p><b>Chapter 1: For Accountants Only 281</b></p> <p>Working with QuickBooks Journal Entries 281</p> <p>Recording a journal entry 282</p> <p>Reversing a journal entry 283</p> <p>Editing journal entries 284</p> <p>Updating Company Information 284</p> <p>Working with Memorized Transactions 284</p> <p>Reviewing the Accountant & Taxes Reports 285</p> <p>Creating an Accountant’s Copy of the QuickBooks Data File 288</p> <p>Creating an accountant’s copy 288</p> <p>Handling the accountant’s copy manually 288</p> <p>Sending the accountant’s copy electronically 291</p> <p>Using an accountant’s copy 292</p> <p>Reusing an accountant’s copy 292</p> <p>Exporting client changes 293</p> <p>Importing accountant’s changes 294</p> <p>Canceling accountant’s changes 295</p> <p>Troubleshooting accountant’s copy transfers 295</p> <p>Using the Client Data Review Commands 295</p> <p><b>Chapter 2: Preparing Financial Statements and Reports 297</b></p> <p>Some Wise Words Up Front 298</p> <p>Producing a Report 298</p> <p>Working with the Report Window 299</p> <p>Working with Report window buttons 299</p> <p>Using the Report window controls 306</p> <p>Modifying a Report 308</p> <p>Using the Display tab 308</p> <p>Using the Filters tab 310</p> <p>Using the Header/Footer tab 312</p> <p>Formatting fonts and numbers 313</p> <p>Processing Multiple Reports 314</p> <p>A Few Words about Document Retention 315</p> <p><b>Chapter 3: Preparing a Budget 319</b></p> <p>Reviewing Common Budgeting Tactics 319</p> <p>Top-line budgeting 320</p> <p>Zero-based budgeting 320</p> <p>Benchmarking 321</p> <p>Putting it all together 322</p> <p>Taking a Practical Approach to Budgeting 323</p> <p>Using the Set Up Budgets Window 323</p> <p>Creating a new budget 323</p> <p>Working with an existing budget 325</p> <p>Managing with a Budget 327</p> <p>Some Wrap-Up Comments on Budgeting 329</p> <p><b>Chapter 4: Using Activity-Based Costing 331</b></p> <p>Reviewing Traditional Overhead Allocation 332</p> <p>Understanding How ABC Works 334</p> <p>The ABC product-line income statement 334</p> <p>ABC in a small firm 338</p> <p>Implementing a Simple ABC System 339</p> <p>Seeing How QuickBooks Supports ABC 341</p> <p>Turning On Class Tracking 341</p> <p>Using Classes for ABC 342</p> <p>Setting up your classes 343</p> <p>Classifying revenue amounts 343</p> <p>Classifying expense amounts 343</p> <p>Making after-the-fact classifications 345</p> <p>Producing ABC reports 346</p> <p><b>Chapter 5: Setting Up Project and Job Costing Systems 347</b></p> <p>Setting Up a QuickBooks Job 347</p> <p>Tracking Job or Project Costs 350</p> <p>Job Cost Reporting 353</p> <p>Using Job Estimates 354</p> <p>Progress Billing 355</p> <p><b>Book 5: Financial Management 359</b></p> <p><b>Chapter 1: Ratio Analysis 361</b></p> <p>Some Caveats about Ratio Analysis 362</p> <p>Liquidity Ratios 363</p> <p>Current ratio 363</p> <p>Acid-test ratio 364</p> <p>Leverage Ratios 365</p> <p>Debt ratio 365</p> <p>Debt equity ratio 366</p> <p>Times interest earned ratio 367</p> <p>Fixed-charges coverage ratio 368</p> <p>Activity Ratios 369</p> <p>Inventory turnover ratio 370</p> <p>Days of inventory ratio 371</p> <p>Average collection period ratio 371</p> <p>Fixed-asset turnover ratio 372</p> <p>Total-assets turnover ratio 373</p> <p>Profitability Ratios 373</p> <p>Gross margin percentage 374</p> <p>Operating income/sales 374</p> <p>Profit margin percentage 375</p> <p>Return on assets 375</p> <p>Return on equity 376</p> <p><b>Chapter 2: Economic Value Added Analysis 379</b></p> <p>Introducing the Logic of EVA 379</p> <p>Seeing EVA in Action 380</p> <p>An example of EVA 382</p> <p>Another example of EVA 382</p> <p>Reviewing Some Important Points about EVA 383</p> <p>Using EVA When Your Business Has Debt 385</p> <p>The first example of the modified EVA formula 385</p> <p>Another EVA with debt example 387</p> <p>Presenting Two Final Pointers 389</p> <p>And Now, a Word to My Critics 390</p> <p><b>Chapter 3: Capital Budgeting in a Nutshell 393</b></p> <p>Introducing the Theory of Capital Budgeting 393</p> <p>The big thing is the return 394</p> <p>One little thing is maturity 394</p> <p>Another little thing is risk 395</p> <p>The bottom line 395</p> <p>Calculating the Rate of Return on Capital 396</p> <p>Calculating the investment amount 397</p> <p>Estimating the net cash flows 397</p> <p>Calculating the return 401</p> <p>Measuring Liquidity 405</p> <p>Thinking about Risk 406</p> <p>What Does All This Have to Do with QuickBooks? 408</p> <p><b>Book 6: Business Plans 409</b></p> <p><b>Chapter 1: Profit-Volume-Cost Analysis 411</b></p> <p>Seeing How Profit-Volume-Cost Analysis Works 412</p> <p>Calculating Break-Even Points 414</p> <p>Using Real QuickBooks Data for Profit-Volume-Cost Analysis 415</p> <p>Sales revenue 415</p> <p>Gross margin percentage 416</p> <p>Fixed costs 417</p> <p>Recognizing the Downside of the Profit-Volume-Cost Model 418</p> <p>Using the Profit-Volume-Cost Analysis Workbook 420</p> <p>Collecting your inputs 420</p> <p>Understanding the Break-Even Analysis Forecast 424</p> <p>Understanding the Profit-Volume Forecast 425</p> <p>Looking at the profit-volume-cost charts 427</p> <p><b>Chapter 2: Creating a Business Plan Forecast 431</b></p> <p>Reviewing Financial Statements and Ratios 432</p> <p>Using the Business Plan Workbook 433</p> <p>Understanding the Workbook Calculations 442</p> <p>Forecasting inputs 443</p> <p>Balance Sheet 443</p> <p>Common Size Balance Sheet 450</p> <p>Income Statement 451</p> <p>Common Size Income Statement 455</p> <p>Cash Flow Statement 455</p> <p>Financial Ratios Table 461</p> <p>Customizing the Starter Workbook 466</p> <p>Changing the number of periods 467</p> <p>Performing ratio analysis on existing financial statements 467</p> <p>Calculating taxes for a current net loss before taxes 467</p> <p>Combining this workbook with other workbooks 468</p> <p><b>Chapter 3: Writing a Business Plan 469</b></p> <p>What the Term “Business Plan” Means 469</p> <p>A Few Words about Strategic Plans 470</p> <p>Cost strategies 470</p> <p>Differentiated products or services strategies 471</p> <p>Focus strategies 471</p> <p>Look, Ma: No Strategy 472</p> <p>Two comments about tactics 473</p> <p>Six final strategy pointers 473</p> <p>A White-Paper Business Plan 474</p> <p>A New-Venture Plan 477</p> <p>Is the new venture’s product or service feasible? 477</p> <p>Does the market want the product or service? 478</p> <p>Can the product or service be profitably sold? 478</p> <p>Is the return on the venture adequate for prospective investors? 479</p> <p>Can existing management run the business? 480</p> <p>Some final thoughts 481</p> <p><b>Book 7: Care and Maintenance 483</b></p> <p><b>Chapter 1: Administering QuickBooks 485</b></p> <p>Keeping Your Data Confidential 485</p> <p>Using Windows security 486</p> <p>Using QuickBooks security 486</p> <p>Using QuickBooks in a Multiuser Environment 487</p> <p>Setting up additional QuickBooks users 488</p> <p>Changing user rights in Enterprise Solutions 494</p> <p>Changing user rights in QuickBooks Pro and Premier 497</p> <p>Using Audit Trails 497</p> <p>Enabling Simultaneous Multiuser Access 498</p> <p>Maintaining Good Accounting Controls 499</p> <p><b>Chapter 2: Protecting Your Data 503</b></p> <p>Backing Up the QuickBooks Data File 503</p> <p>Backing-up basics 504</p> <p>What about online backup? 507</p> <p>Some backup tactics 508</p> <p>Restoring a QuickBooks Data File 509</p> <p>Condensing the QuickBooks Company Files 512</p> <p>Cleanup basics 514</p> <p>Some cleanup and archiving strategies 519</p> <p><b>Chapter 3: Troubleshooting 521</b></p> <p>Using the QuickBooks Help File and This Book 521</p> <p>Browsing Intuit’s Product-Support Website 523</p> <p>Checking Another Vendor’s Product-Support Website 525</p> <p>Tapping into Intuit’s Online and Expert Communities 525</p> <p>When All Else Fails 526</p> <p><b>Book 8: Appendixes 527</b></p> <p><b>Appendix A: A Crash Course in Excel 529</b></p> <p>Starting Excel 529</p> <p>Stopping Excel 530</p> <p>Explaining Excel’s Workbooks 530</p> <p>Putting Text, Numbers, and Formulas in Cells 531</p> <p>Writing Formulas 532</p> <p>Scrolling through Big Workbooks 533</p> <p>Copying and Cutting Cell Contents 534</p> <p>Copying cell contents 534</p> <p>Moving cell contents 535</p> <p>Moving and copying formulas 535</p> <p>Formatting Cell Contents 536</p> <p>Recognizing That Functions Are Simply Formulas 538</p> <p>Saving and Opening Workbooks 541</p> <p>Saving a workbook 541</p> <p>Opening a workbook 542</p> <p>Printing Excel Workbooks 543</p> <p>One Other Thing to Know 544</p> <p><b>Appendix B: Government Web Resources for Businesses 545</b></p> <p>Bureau of Economic Analysis 545</p> <p>Finding information at the BEA website 545</p> <p>Downloading a BEA publication 546</p> <p>Uncompressing a BEA publication 547</p> <p>Using a BEA publication 548</p> <p>Bureau of Labor Statistics 548</p> <p>Finding information at the BLS website 549</p> <p>Using BLS information 549</p> <p>Census Bureau 552</p> <p>Finding information at the Census Bureau website 553</p> <p>Using the Census Bureau’s publications 554</p> <p>Using the Census Bureau search engine 554</p> <p>Using the Census Bureau Subjects index 555</p> <p>Securities and Exchange Commission 555</p> <p>Finding information through EDGAR 556</p> <p>Searching the EDGAR database 556</p> <p>Federal Reserve 558</p> <p>Finding information at the Federal Reserve website 558</p> <p>Using the Federal Reserve website’s information 559</p> <p>Government Publishing Office 559</p> <p>Information available at the GPO website 560</p> <p>Searching the GPO database 560</p> <p>Internal Revenue Service 561</p> <p><b>Appendix C: Glossary of Accounting and Financial Terms 563</b></p> <p>Index 593</p>
<p><b>Stephen L. Nelson, CPA, MBA,</b> 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.</p>
<p><b>Get up to speed (quickly!) with QuickBooks<sup>®</sup></b></p> <p>QuickBooks is the leading software suite for business owners across the world. And in <i>QuickBooks 2022 All-in-One For Dummies</i>, you’ll find everything you need to plan a budget, manage your inventory, create invoices, track costs, and much more. This book is the first and last resource you’ll need to buy to master QuickBooks 2022! <p><b>8 Books Inside…</b> <ul><b><li>An Accounting Primer</li> <li>Getting Ready to Use QuickBooks</li> <li>Bookkeeping Chores</li> <li>Accounting Chores</li> <li>Financial Management</li> <li>Business Plans</li> <li>Care and Maintenance</li> <li>Additional Business Resources</b></li></ul>

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