Stephen L. Nelson - QuickBooks 2022 All-in-One For Dummies

QuickBooks® 2022 All-in-One For Dummies®

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Published simultaneously in Canada

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Library of Congress Control Number: 2021948187

ISBN: 978-1-119-81721-5 (pbk); 978-1-119-81722-2 (ebk); 978-1-119-81723-4 (ebk)

1 Cover

2 Title Page

3 Copyright

4 Introduction About This Book Foolish Assumptions Icons Used in This Book Beyond the Book Where to Go from Here

5 Book 1: An Accounting Primer Chapter 1: Principles of Accounting The Purpose of Accounting Reviewing the Common Financial Statements The Philosophy of Accounting A Few Words about Tax Accounting Chapter 2: Double-Entry Bookkeeping The Fiddle-Faddle Method of Accounting How Double-Entry Bookkeeping Works Almost a Real-Life Example A Few Words about How QuickBooks Works Chapter 3: Special Accounting Problems Working with Accounts Receivable Recording Accounts Payable Transactions Inventory Accounting Accounting for Fixed Assets Recognizing Liabilities Closing Out Revenue and Expense Accounts One More Thing …

6 Book 2: Getting Ready to Use QuickBooks Chapter 1: Setting Up QuickBooks Planning Your New QuickBooks System Installing QuickBooks Dealing with the Presetup Jitters Running the QuickBooks Setup Wizard Identifying the Starting Trial Balance Chapter 2: Loading the Master File Lists Setting Up the Chart of Accounts List Setting Up the Item List Working with the Price Level List Using Sales Tax Codes Setting Up a Payroll Item List Setting Up Classes Setting Up a Customer List Setting Up the Vendor List Setting Up a Fixed Assets List Setting Up a Price Level List Setting Up a Billing Rate Level List Setting Up Your Employees Setting Up an Other Names List Setting Up the Profile Lists Chapter 3: Fine-Tuning QuickBooks Accessing the Preferences Settings Setting the Accounting Preferences Setting the Bills Preferences Setting the Calendar Preferences Setting the Checking Preferences Changing the Desktop View Setting Finance Charge Calculation Rules Setting General Preferences Controlling Integrated Applications Controlling Inventory Controlling How Jobs and Estimates Work Dealing with Multiple Currencies Starting Integrated Payment Processing Controlling How Payroll Works Telling QuickBooks How Reminders Should Work Specifying Reports & Graphs Preferences Setting Sales & Customers Preferences Specifying How Sales Are Taxed Setting the Search Preferences Setting the Send Forms Preferences Fine-Tuning the Service Connection Controlling Spell Checking Controlling How 1099 Tax Reporting Works Setting Time & Expenses Preferences

7 Book 3: Bookkeeping Chores Chapter 1: Invoicing Customers Choosing an Invoice Form Customizing an Invoice Form Invoicing a Customer Billing for Time Printing Invoices Emailing Invoices Recording Sales Receipts Recording Credit Memos Receiving Customer Payments Assessing Finance Charges Using Odds and Ends on the Customers Menu Chapter 2: Paying Vendors Creating a Purchase Order Recording the Receipt of Items Simultaneously Recording the Receipt and the Bill Entering a Bill Paying Bills Reviewing the Other Vendor Menu Commands Chapter 3: Tracking Inventory and Items Looking at Your Item List Adding Items to the Item List Editing Items Managing Inventory in a Manufacturing Firm Chapter 4: Managing Cash and Bank Accounts Writing Checks Making Bank Deposits Transferring Money between Bank Accounts Working with the Register Using Edit Menu Commands Reconciling the Bank Account Reviewing the Other Banking Commands Chapter 5: Paying Employees Setting Up Payroll Scheduling Payroll Runs Paying Employees Editing and Voiding Paychecks Paying Payroll Liabilities

8 Book 4: Accounting Chores Chapter 1: For Accountants Only Working with QuickBooks Journal Entries Updating Company Information Working with Memorized Transactions Reviewing the Accountant & Taxes Reports Creating an Accountant’s Copy of the QuickBooks Data File Using the Client Data Review Commands Chapter 2: Preparing Financial Statements and Reports Some Wise Words Up Front Producing a Report Working with the Report Window Modifying a Report Processing Multiple Reports A Few Words about Document Retention Chapter 3: Preparing a Budget Reviewing Common Budgeting Tactics Taking a Practical Approach to Budgeting Using the Set Up Budgets Window Managing with a Budget Some Wrap-Up Comments on Budgeting Chapter 4: Using Activity-Based Costing Reviewing Traditional Overhead Allocation Understanding How ABC Works Implementing a Simple ABC System Seeing How QuickBooks Supports ABC Turning On Class Tracking Using Classes for ABC Chapter 5: Setting Up Project and Job Costing Systems Setting Up a QuickBooks Job Tracking Job or Project Costs Job Cost Reporting Using Job Estimates Progress Billing