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QuickBooks 2021 All-in-One For Dummies

Release Date: 2020/12/01
ISBN: 9781119676805
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Do the numbers in double-quick time with this trusted QuickBooks bestseller! 

Running your own business can be cool, but some of the financial side—accounting and payroll, for instance—is not always so cool! That’s why millions of small business owners around the world bank on QuickBooks to easily manage accounting and financial tasks and save big-time on shelling out for an expensive professional. 

 QuickBooks 2021 All-in-One For Dummies contains eight information-rich mini-books that account for all your financial line-item asks, showing 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 accounting and financial-management task that comes across your desk!   

  • Get the most out of QuickBooks 2021  
  • Sharpen up on the basics with an accounting primer 
  • Craft a world-class business plan 
  • Process taxes and payroll in double-quick time 

Written by expert CPA and small business advisor Stephen L. Nelson, QuickBooks All-in-One 2021 For Dummies is the best-selling blue-chip go-to that will save you time and money—and will allow you to enjoy the fruits of your labors!  

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Introduction
    1. About This Book
    2. Foolish Assumptions
    3. Icons Used in This Book
    4. Beyond the Book
    5. Where to Go from Here
  5. Book 1: An Accounting Primer
    1. Chapter 1: Principles of Accounting
    2. The Purpose of Accounting
    3. Reviewing the Common Financial Statements
    4. The Philosophy of Accounting
    5. A Few Words about Tax Accounting
    6. Chapter 2: Double-Entry Bookkeeping
    7. The Fiddle-Faddle Method of Accounting
    8. How Double-Entry Bookkeeping Works
    9. Almost a Real-Life Example
    10. A Few Words about How QuickBooks Works
    11. Chapter 3: Special Accounting Problems
    12. Working with Accounts Receivable
    13. Recording Accounts Payable Transactions
    14. Inventory Accounting
    15. Accounting for Fixed Assets
    16. Recognizing Liabilities
    17. Closing Out Revenue and Expense Accounts
    18. One More Thing …
  6. Book 2: Getting Ready to Use QuickBooks
    1. Chapter 1: Setting Up QuickBooks
    2. Planning Your New QuickBooks System
    3. Installing QuickBooks
    4. Dealing with the Presetup Jitters
    5. Running the QuickBooks Setup Wizard
    6. Identifying the Starting Trial Balance
    7. Chapter 2: Loading the Master File Lists
    8. Setting Up the Chart of Accounts List
    9. Setting Up the Item List
    10. Working with the Price Level List
    11. Using Sales Tax Codes
    12. Setting Up a Payroll Item List
    13. Setting Up Classes
    14. Setting Up a Customer List
    15. Setting Up the Vendor List
    16. Setting Up a Fixed Assets List
    17. Setting Up a Price Level List
    18. Setting Up a Billing Rate Level List
    19. Setting Up Your Employees
    20. Setting Up an Other Names List
    21. Setting Up the Profile Lists
    22. Chapter 3: Fine-Tuning QuickBooks
    23. Accessing the Preferences Settings
    24. Setting the Accounting Preferences
    25. Setting the Bills Preferences
    26. Setting the Calendar Preferences
    27. Setting the Checking Preferences
    28. Changing the Desktop View
    29. Setting Finance Charge Calculation Rules
    30. Setting General Preferences
    31. Controlling Integrated Applications
    32. Controlling Inventory
    33. Controlling How Jobs and Estimates Work
    34. Dealing with Multiple Currencies
    35. Starting Integrated Payment Processing
    36. Controlling How Payroll Works
    37. Telling QuickBooks How Reminders Should Work
    38. Specifying Reports & Graphs Preferences
    39. Setting Sales & Customers Preferences
    40. Specifying How Sales Are Taxed
    41. Setting the Search Preferences
    42. Setting the Send Forms Preferences
    43. Fine-Tuning the Service Connection
    44. Controlling Spell Checking
    45. Controlling How 1099 Tax Reporting Works
    46. Setting Time & Expenses Preferences
  7. Book 3: Bookkeeping Chores
    1. Chapter 1: Invoicing Customers
    2. Choosing an Invoice Form
    3. Customizing an Invoice Form
    4. Invoicing a Customer
    5. Billing for Time
    6. Printing Invoices
    7. Emailing Invoices
    8. Recording Sales Receipts
    9. Recording Credit Memos
    10. Receiving Customer Payments
    11. Assessing Finance Charges
    12. Using Odds and Ends on the Customers Menu
    13. Chapter 2: Paying Vendors
    14. Creating a Purchase Order
    15. Recording the Receipt of Items
    16. Simultaneously Recording the Receipt and the Bill
    17. Entering a Bill
    18. Paying Bills
    19. Reviewing the Other Vendor Menu Commands
    20. Chapter 3: Tracking Inventory and Items
    21. Looking at Your Item List
    22. Adding Items to the Item List
    23. Editing Items
    24. Managing Inventory in a Manufacturing Firm
    25. Chapter 4: Managing Cash and Bank Accounts
    26. Writing Checks
    27. Making Bank Deposits
    28. Transferring Money between Bank Accounts
    29. Working with the Register
    30. Using Edit Menu Commands
    31. Reconciling the Bank Account
    32. Reviewing the Other Banking Commands
    33. Chapter 5: Paying Employees
    34. Setting Up Basic Payroll
    35. Scheduling Payroll Runs
    36. Paying Employees
    37. Editing and Voiding Paychecks
    38. Paying Payroll Liabilities
  8. Book 4: Accounting Chores
    1. Chapter 1: For Accountants Only
    2. Working with QuickBooks Journal Entries
    3. Updating Company Information
    4. Working with Memorized Transactions
    5. Reviewing the Accountant & Taxes Reports
    6. Creating an Accountant’s Copy of the QuickBooks Data File
    7. Using the Client Data Review Commands
    8. Chapter 2: Preparing Financial Statements and Reports
    9. Some Wise Words Up Front
    10. Producing a Report
    11. Working with the Report Window
    12. Modifying a Report
    13. Processing Multiple Reports
    14. A Few Words about Document Retention
    15. Chapter 3: Preparing a Budget
    16. Reviewing Common Budgeting Tactics
    17. Taking a Practical Approach to Budgeting
    18. Using the Set Up Budgets Window
    19. Managing with a Budget
    20. Some Wrap-Up Comments on Budgeting
    21. Chapter 4: Using Activity-Based Costing
    22. Reviewing Traditional Overhead Allocation
    23. Understanding How ABC Works
    24. Implementing a Simple ABC System
    25. Seeing How QuickBooks Supports ABC
    26. Turning On Class Tracking
    27. Using Classes for ABC
    28. Chapter 5: Setting Up Project and Job Costing Systems
    29. Setting Up a QuickBooks Job
    30. Tracking Job or Project Costs
    31. Job Cost Reporting
    32. Using Job Estimates
    33. Progress Billing
  9. Book 5: Financial Management
    1. Chapter 1: Ratio Analysis
    2. Some Caveats about Ratio Analysis
    3. Liquidity Ratios
    4. Leverage Ratios
    5. Activity Ratios
    6. Profitability Ratios
    7. Chapter 2: Economic Value Added Analysis
    8. Introducing the Logic of EVA
    9. Seeing EVA in Action
    10. Reviewing Some Important Points about EVA
    11. Using EVA When Your Business Has Debt
    12. Presenting Two Final Pointers
    13. And Now, a Word to My Critics
    14. Chapter 3: Capital Budgeting in a Nutshell
    15. Introducing the Theory of Capital Budgeting
    16. Calculating the Rate of Return on Capital
    17. Measuring Liquidity
    18. Thinking about Risk
    19. What Does All of This Have to Do with QuickBooks?
  10. Book 6: Business Plans
    1. Chapter 1: Profit-Volume-Cost Analysis
    2. Seeing How Profit-Volume-Cost Analysis Works
    3. Calculating Break-Even Points
    4. Using Real QuickBooks Data for Profit-Volume-Cost Analysis
    5. Recognizing the Downside of the Profit-Volume-Cost Model
    6. Using the Profit-Volume-Cost Analysis Workbook
    7. Chapter 2: Creating a Business Plan Forecast
    8. Reviewing Financial Statements and Ratios
    9. Using the Business Plan Workbook
    10. Understanding the Workbook Calculations
    11. Customizing the Starter Workbook
    12. Chapter 3: Writing a Business Plan
    13. What the Term “Business Plan” Means
    14. A Few Words about Strategic Plans
    15. Look, Ma: No Strategy
    16. A White-Paper Business Plan
    17. A New-Venture Plan
  11. Book 7: Care and Maintenance
    1. Chapter 1: Administering QuickBooks
    2. Keeping Your Data Confidential
    3. Using QuickBooks in a Multiuser Environment
    4. Using Audit Trails
    5. Enabling Simultaneous Multiuser Access
    6. Maintaining Good Accounting Controls
    7. Chapter 2: Protecting Your Data
    8. Backing Up the QuickBooks Data File
    9. Restoring a QuickBooks Data File
    10. Condensing the QuickBooks Company Files
    11. Chapter 3: Troubleshooting
    12. Using the QuickBooks Help File and This Book
    13. Browsing Intuit’s Product-Support Website
    14. Checking Another Vendor’s Product-Support Website
    15. Tapping into Intuit’s Online and Expert Communities
    16. When All Else Fails …
  12. Book 8: Appendixes
    1. Appendix A: A Crash Course in Excel
    2. Starting Excel
    3. Stopping Excel
    4. Explaining Excel’s Workbooks
    5. Putting Text, Numbers, and Formulas in Cells
    6. Writing Formulas
    7. Scrolling through Big Workbooks
    8. Copying and Cutting Cell Contents
    9. Formatting Cell Contents
    10. Recognizing That Functions Are Simply Formulas
    11. Saving and Opening Workbooks
    12. Printing Excel Workbooks
    13. One Other Thing to Know
    14. Appendix B: Government Web Resources for Businesses
    15. Bureau of Economic Analysis
    16. Bureau of Labor Statistics
    17. Census Bureau
    18. Securities and Exchange Commission
    19. Federal Reserve
    20. Government Publishing Office
    21. Internal Revenue Service
    22. Appendix C: Glossary of Accounting and Financial Terms
  13. Index
  14. About the Author
  15. Connect with Dummies
  16. End User License Agreement
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