getting started with quickbooks-techspeedy
DESCRIPTION
Getting Started with Quickbooks by TechSpeedy help you to know much more about quickbooks.Its will be very help for new users of quickbooks.It will going to resolve many of your queries or questions that you have in your mind.So,Follow this slide and know much more about quickbooks.TRANSCRIPT
Getting Started with Quickbooks
By TechSpeedy
Agenda Which version of Quickbooks is right for me?Quickbooks Add-onsQuickbooks SetupCPA TipsEstablish ControlsEstablish ProceduresEstablish Standard ReportsQuickbooks Resources
Quickbooks Versions
Quickbooks Online ($12.95/mo)Quickbooks Pro ($229 MSRP)Quickbooks Premier ($399 MSRP)
◦General Business◦Contractor◦Manufacturing & Wholesale◦Non-Profit◦Professional Services◦Retail
Quickbooks Add-ons
PayrollPayment Solutions
◦Merchant Processing◦Check Solutions◦E-invoicing & Payments
Point of Sale Solutions
Quickbooks Setup
Gather configuration informationQuickbooks Install Create a new company fileComplete the Easy-Step InterviewSetup your Quickbooks accountsEstablish a backup strategyCustomize formsOrder supplies (checks, deposit slips, etc.)
Preparation
Determine your start dateGather financial information
◦Bank & credit card information◦Accounts receivable & payable information
Gather list information◦Customers, vendors, sales items, sales tax items
Perform a full inventory, if applicableAccount linking information for banks,
credit cards, payroll, etc.
Create a Company Profile
◦Create your new company file◦Complete the first part of the Easy-Step
Interview◦Save your company file◦Make an initial backup copy of the new file
Setup Quickbooks Accounts
Create second part of Easy Step InterviewSetup bank and credit card accountsSetup your chart of accountsSetup Intuit Online AccountSetup Lists
Establish a Backup StrategyCreate a regular backup schedule for your
Quickbooks data file.(Quickbooks Configure)
Don’t use unencrypted media that can be easily lost or misplaced, like USB keys.
Make sure that the file is password protected
Keep copies of the data off-site.
Customize Forms
Identify and customize the forms you use routinely, including:◦Invoices◦Purchase Orders◦Checks
Add logos and information pertinent to your business
CPA Tips
Have your CPA review your Quickbooks setupDon’t mix account types
◦ Income◦Cost of Goods Sold◦Expense◦Assets◦Liabilities
Keep it simple!◦Don’t go overboard on sub-accounts, etc.◦Use classes to isolate divisions, not separate
company files
More CPA Tips
Establish credit card accounts to track credit cards
Regularly reconcile your accountsSafeguard prior-year transactions by
creating a transaction passwordUse automation where appropriate to link
bank accounts, credit cards, etc to Quickbooks◦Data is entered in a timely manner◦Creates a physical control
Establish Controls
Quickbooks can be edited and has no audit trail
Establish strong password securityConsider securing Quickbooks by moduleEstablish physical staffing controlsMaintain an off-site backup
Establish ProceduresEstablish daily/weekly processing procedures
◦ Invoicing◦Deposits◦Purchasing◦ Inventory control
Establish end of month procedures, including:◦Bank reconciliation◦Monthly closing◦Prepare financial reports
Establish Standard Reports
Establish a list of reports for your business.
ResourcesIntuit Resources
◦Quickbooks Online Community◦Quickbooks on YouTube◦Quickbooks Knowledgebase◦Quickbooks ProAdvisor
Other Resources◦Practical Quickbooks◦Quickbooks & Beyond◦Quickbooks for Contractors
Please feel free to contact us:
TechSpeedy1-844-879-3982Follow Us:
◦Facebook.com/TechSpeedyUs ◦Twitter.com/TechSpeedyu.us