By Stephen L. Nelson
* What the ebook covers: the major beneficial properties of QuickBooks together with getting up an operating, invoices and credits memos, paying money owed, coping with stock, balancing your books, cost printing, going surfing with QuickBooks, processing payroll, producing and sharing monetary studies, backing up info, construction the cheap, venture estimating, simplifying tax go back education, and extra. * up-to-date assurance of the recent model: Revised all through to hide the most recent updates and improvements made to QuickBooks.* sequence beneficial properties: details awarded within the simple yet enjoyable language that has outlined the Dummies sequence for over ten years.
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Additional info for QuickBooks 2006 For Dummies
Sample text
If you’ve been using another small business accounting system, such as the simpler Quicken product from Intuit or the Simply Accounting program from Computer Associates, you might be able to have your old system produce a trial balance on the conversion date. In that case, you can get the balances from your old system. ) Just to split hairs, the trial balance should show account balances at the very start of the first day that you’ll begin using QuickBooks for actual accounting. For example, if the conversion date is 1/1/2006, the trial balance needs to show the account balances at one minute past midnight on 1/1/2006.
If you sell thingamajigs that you purchase from the manufacturer Thingamajigs Amalgamated, for example, you specify the item type as Inventory Part. ) • Inventory Assembly: Select this type if what you sell is something that you make from other Inventory items. In other words, if you buy raw materials or other components and then assemble these things to create your finished product, the finished product is an Inventory Assembly item. Chapter 3: Populating the QuickBooks Lists • Non-Inventory Part: Select this type if what you sell is something that you don’t want to track as inventory.
Load the master files as I describe in Chapter 3. If you’re thinking to yourself, “Whoa, cowboy, that seems like a bit more work than what’s involved in installing spreadsheet software or a new word processor,” you’re right. You might as well hear from me the ugly truth about accounting software: Accounting software — all of it — requires quite a bit 15 16 Part I: Quickly into QuickBooks of setup work in order to get the things running smoothly. For example, you’ll want to build a list of expense categories, or accounts, to use for tracking expenses.