Any discussion of how to use QuickBooks to better manage your business begins with a discussion of the basics of accounting. For this reason, in this chapter and the next two chapters, I attempt to provide the same information that you may receive in an introductory college accounting course. Of course, I tailor the entire discussion to QuickBooks and the small business environment. What you'll read about here and in the next chapters of this book pretty much describes how accounting works in a small business setting using QuickBooks.

If you have had some experience with accounting, if you know how to read an income statement and balance sheet, or if you know ho ... read full excerpt from QuickBooks All-In-One Desk Reference for Dummies, 2nd Edition ebook