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Nelson, Stephen L., CPA, MBA, M.S. QuickBooks 2009 For Dummies eBook

QuickBooks 2009 For Dummies

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eBook Publisher: John Wiley & Sons
Imprint: For Dummies

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Got a business to run? QuickBooks makes small-business accounting easier, and QuickBooks 2009 For Dummies shows you how! Bookkeeping may not be your favorite part of running a small business, so learning to use QuickBooks might pay off in more ways than one.

QuickBooks helps you keep financial records, prepare invoices and record sales, pay bills, settle up at the end of the year, and more. In this guide, a top accounting and tax planning consultant tells you what you need to do to be ready for QuickBooks, then how to install and set up the program for your business. Discover how to: Use the latest version of QuickBooks to maintain your accounting records in compliance with tax laws Create invoices and credit memos, record sales receipts, set up inventory items, and monitor your inventory Record and pay bills, print checks, and process payroll, including withholding Balance accounts and generate financial reports Set up a business budget and reconcile your account Perform weekly, monthly, and annual record-keeping Create job estimates that can be easily converted into invoices or compared with actual costs Track accounts receivable and payable Produce reports that help you understand your customer list, vendors, job expenses, inventory, payroll, budget, and more Use job-costing procedure that help you estimate, bill, and track jobs Decide whether to use accrual-basis accounting or cash-basis accounting

Handling the financial chores with QuickBooks can put the fun back into owning your own business. QuickBooks 2009 For Dummies makes it easier!

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Title of eBook: QuickBooks 2009 For Dummies
Release Date: 11-24-2008
Publisher: For Dummies

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Parent title QuickBooks 2009 For Dummies
Encrypted (DRM) Yes
SKU 9780470440032
File size 11015
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QuickBooks 2009 For Dummies


Chapter One

QuickBooks: The Heart Of Your Business

In This Chapter

* Why you truly need a tool like QuickBooks

* What QuickBooks actually does

* Why QuickBooks is a popular choice

* What you need to do (in general) to get started

* How to succeed in setting up and using QuickBooks

I want to start our conversation by quickly covering some basic questions concerning QuickBooks, such as "Why even use QuickBooks?" and "Where and how does a guy or gal start?" - and, most importantly, "What should I not do?"

This little orientation shouldn't take more than a few minutes. Really. And the orientation should let you understand the really big picture concerning QuickBooks.

Why QuickBooks?

Okay, I know you know that you need an accounting system. Somebody, maybe your accountant or spouse, has convinced you of this. And you, the team player that you are, have just accepted this conventional viewpoint as the truth.

But just between you and me, why do you really need QuickBooks? And what does QuickBooks do that you really, truly need done? And heck, just to be truly cynical, also ask the question "Why QuickBooks?" Why not, for example, use some other accounting software program?

Why you need an accounting system

Start with the most basic question: Why do you even need an accounting system like QuickBooks? It's a fair question, so let me supply you with the two-part answer.

The first reason is that federal law requires your business to maintain an accounting system. More specifically, Section 44

...

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