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Nelson CPA, MBA, M.S., Stephen L. QuickBooks 2010 For Dummies eBook

QuickBooks 2010 For Dummies

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eBook Publisher: John Wiley & Sons
Imprint: For Dummies

Format: ePub Encrypted (DRM)


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The annual update of a perennial bestseller, fully revised for the newest QuickBooks release

QuickBooks is the leading software package for small business accounting, updated each year so it remains cutting-edge. QuickBooks 2010 For Dummies provides all the information you need to start using the newest version in your business.

You'll learn to set up your business accounting functions on QuickBooks and use all the newest features. You'll be able to create budgets, process payroll, manage inventory and invoices, track job costs, balance accounts, and make things easier at tax preparation time. Shows you, in plain English, how to set up QuickBooks and manage your small business accounting on your own Explains how to set up your business on QuickBooks, create invoices and credit memos, record sales receipts, set up inventory items, and track business credit cards Covers recording and paying bills, printing checks, processing payroll, and preparing payroll taxes Discusses building a budget, going online with QuickBooks, balancing accounts, generating financial reports, simplifying tax return preparation, and backing up data Also explores job estimating, billing, and tracking jobs and invoices

Written by Stephen L. Nelson, author of all previous editions and an experienced CPA, QuickBooks 2010 For Dummies will help you become your own accountant and keep your business in the black.

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Title of Computers eBook: QuickBooks 2010 For Dummies
Release Date: 10-15-2009
Publisher: For Dummies

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Parent title QuickBooks 2010 For Dummies
Encrypted (DRM) Yes
SKU 9780470590423
File size 15970
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QuickBooks 2010 For Dummies


Chapter One

Quick Books: 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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