By Jill Gilbert Welytok
* Teaches either the accounting thoughts and software program ideas had to successfully deal with monetary and accounting wishes for any small enterprise * offers thorough assurance of building a company, dealing with payroll, printing tests, working monetary experiences, facing the IRS, and customizing revenues reviews * Explores tax consequences, info administration and defense, revenues recording, stock, time monitoring, price reporting, and enterprise functionality research * QuickBooks has an expected put in base of greater than 4 million clients, and is the bestselling enterprise monetary software program out there
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Additional resources for QuickBooks 2005 Bible, Desktop Edition
Example text
Chapter 8 explains how to create, edit, organize, and maintain lists. Additionally, Chapter 22 contains specific information about Employee Lists. Chapter 1 ✦ Quick Insights and Program Overview 11 Figure 1-7: You can customize the columns of information maintained in your lists. Indexing with Items Items are the indexing system used for tracking the services and products that you regularly sell, resell, or purchase for use in your business. You can also use Items to standardize recurring calculations such as discounts or sales taxes imposed by various locales.
A QuickBooks register is conceptually identical to your checkbook register, which records the activity in your checking account. Asset and liability accounts, as their name implies, track the assets and liabilities of your company. In other words, they tell you what the company owns (including cash balances) and what it owes. Asset and liability accounts are reported on your company’s balance sheet, as discussed in more detail in Chapters 28 and 29. By viewing the account register, you can review all the transactions that have affected the balance in the account since the beginning of the accounting period (the start date).
Use the third button, labeled Reports, to access information about the entry (such as the contact information for vendors) and historical transactions that pertain to each list entry. Chapter 1 ✦ Quick Insights and Program Overview 9 Figure 1-5: QuickBooks uses lists, such as this list of vendors, as a database management tool. Each list has three buttons that allow you to access pop-up menus for information and transactions related to each item on the list. Likewise, a Customer List contains historical and billing information about each customer, similar to a Rolodex or cabinet containing paper files on customers.