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by Crystalynn Shelton
Mastering QuickBooks 2020
Title Page
Copyright and Credits
Mastering QuickBooks 2020
Dedication
About Packt
Why subscribe?
Contributors
About the author
About the reviewer
Packt is searching for authors like you
Preface
Who this book is for
What this book covers
To get the most out of this book
Download the example code files
Conventions used
Get in touch
Reviews
Getting Started with QuickBooks Online
What is QuickBooks?
QBO editions
Choosing the right QBO edition
QBO Simple Start
QBO Essentials
QBO Plus
QBO Advanced
QBD product line
Choosing the right QBD version
QuickBooks Mac
QuickBooks Pro
QuickBooks Premier
QuickBooks Enterprise
New features in QBD 2019 and 2020
New features in QBD 2019
New features in QBD 2020 
Introduction to small business bookkeeping
Money in (sales)
Money out (expenses)
Inventory and fixed asset purchases
Liabilities
Chart of accounts
Accounting methods
Double-entry bookkeeping
Summary
Company File Setup
Creating a QuickBooks Online account
Navigating in QuickBooks Online
QuickBooks Online dashboard
QuickBooks Online icons
QuickBooks Online menus
Setting up company preferences in QuickBooks Online
Company
Billing and subscription
Usage
Sales
Expenses
Payments
Advanced
Summary
Migrating to QuickBooks Online
Key information and documents required to convert to QuickBooks Online
Questions to ask yourself in preparation for data conversion
Choosing your QuickBooks start date
Converting from another accounting software or Excel to QuickBooks Online
Recording details of historical data in QuickBooks Online
Recording a summary journal entry of historical data in QuickBooks Online
Converting from QuickBooks Desktop to QuickBooks Online
Functionality not available in QuickBooks Online
QuickBooks Desktop data that will not convert to QuickBooks Online
Converting from QuickBooks Desktop data to QuickBooks Online
Checking the target count
Creating a QuickBooks Online account
Backing up your QuickBooks Desktop file
Checking for updates
Running the QuickBooks Desktop conversion to the QuickBooks Online tool
Logging in to QuickBooks Online
Verifying that all of your data was converted
Summary
Customizing QuickBooks for Your Business
Customizing the chart of accounts
How to add a new account to the chart of accounts list
How to import a chart of accounts list
How to edit accounts on the chart of accounts list
How to inactivate an account on the chart of accounts list
Connecting bank accounts to QuickBooks Online
Importing banking transactions automatically
Uploading banking transactions from an Excel CSV file
Connecting credit card accounts to QuickBooks Online
Importing credit card transactions automatically
Uploading credit card transactions from an Excel CSV file
Giving other users access to your QuickBooks data
Standard user
Company administrator
Reports only user
Time tracking user
Accountant user 
Summary
Managing Customers, Vendors, Products, and Services
Managing customers in QuickBooks Online
Manually adding customers in QuickBooks Online
Importing customers into QuickBooks Online
Making changes to existing customers in QuickBooks Online
Inactivating customers in QuickBooks Online
Managing vendors in QuickBooks Online
Manually adding vendors in QuickBooks Online
Importing vendors into QuickBooks Online
Making changes to existing vendors in QuickBooks Online
Inactivating vendors in QuickBooks Online
Managing products and services in QuickBooks Online
How to manually add products and services in QuickBooks Online
How to import products and services in QuickBooks Online
Making changes to existing products and services in QuickBooks Online
Inactivating products and services in QuickBooks Online
Summary
Recording Sales Transactions in QuickBooks Online
Understanding sales forms 
Recording income using a sales receipt
Recording income using a deposit
Recording income using a sales invoice
Recording customer payments
Issuing credit memos and refunds to customers
Summary
Recording Expenses in QuickBooks Online
Entering and paying bills
Entering bills into QuickBooks Online
Paying bills in QuickBooks Online
Managing recurring expenses
Writing checks
Printing checks
Summary
Managing Downloaded Bank and Credit Card Transactions
Overview of the banking center 
Matching transactions
Editing banking transactions
Understanding bank rules
How do you want to apply this rule?
Reconciling accounts
Summary
Report Center Overview
Navigating the report center
Reports available in the Report Center
Customizing reports
General report customizations
Rows/Columns customization
Filters
Header/footer
Exporting reports
Exporting reports to Excel
Exporting reports to PDF
Sending reports via email
Summary
Business Overview Reports
Understanding profit and loss statements
Generating balance sheet reports
Understanding the statement of cash flows
Creating a budget
Summary
Customer Sales Reports in QuickBooks Online
Accounts receivable aging report
Generating an open invoices report
Generating a sales by customer report
Generating a sales by product/service report
Summary
Vendor and Expenses Reports
Generating an accounts payable (A/P) aging report
Generating an unpaid bills report
Generating an expenses by vendor summary report
Generating a bill payments report
Summary
Managing Payroll in QuickBooks Online
Setting up payroll
Payroll setup checklist and key documents
Setting up the payroll in QuickBooks Online
Running payroll
Generating payroll reports
Filing payroll tax forms and payments 
Summary
Managing 1099 Contractors in QuickBooks Online
Setting up 1099 contractors
Tracking and paying 1099 contractors
1099 year-end reporting
Summary
Closing the Books in QuickBooks Online
Reviewing a checklist for closing your books
Reconciling all bank and credit card accounts
Making year-end accrual adjustments
Reviewing new fixed asset purchases, and adding them to the chart of accounts
Making depreciation journal entries 
Taking physical inventory, and reconciling with your books
Adjusting retained earnings for owner/partner distributions
Setting a closing date and password
Preparing key financial reports 
Giving your accountant access to your data
Recording journal entries
Summary
Handling Special Transactions in QuickBooks Online
Using apps in QuickBooks Online
Overview of the QuickBooks app center
Finding apps for your business
Managing credit card payments
Customizing sales templates
Setting up business loans and lines of credit
Adding a business loan or line of credit to the chart of accounts
Making payments on a loan or line of credit
Managing petty cash
Adding a petty cash account in QuickBooks
Recording petty cash transactions
Replenishing petty cash
Reconciling petty cash
Recording bad debt expense
Creating a bad debt item
Creating a credit memo
Applying a credit memo to an outstanding customer invoice
Understanding delayed charges and credits
Summary
Shortcuts and Test Drive
QBO keyboard shortcuts
QuickBooks Online test drive
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