Introduction – QuickBooks The Missing Manual [Book] – QuickBooks 2015 for Contractors

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

There’s also live online events, interactive content, certification prep materials, and more. Thousands of small companies and nonprofit organizations turn to QuickBooks to keep their finances on track. And over the years, Intuit has introduced various editions of the program to satisfy the quickbooks premier contractor edition 2015 of different types of companies.

And with each new version, Intuit has added enhancements and features to make your workflow smoother and faster. The challenge is knowing what to do according to accounting rules, and how to do it in QuickBooks. Insights tab in the Home window. In previous versions of QuickBooks, the Home window contained, well, the Home Page, which shows bookkeeping workflow and helps you access the QuickBooks features you use most often. In QuickBooksthe Home window has two tabs at its top left. You can click the arrows on either side of this panel to view other high-level graphs, such as a comparison between the current year and the previous year, top customers by sales, and trends in income and expenses.

The bottom half of the Insights tab displays more details quickbooks premier contractor edition 2015 your income and expenses. On the left, the Income section is like a quickbooks premier contractor edition 2015 Income Tracker described next, and covered in detail on Receivables Aging ; it lets you quickly scan totals for unpaid invoices, overdue invoices, and customer payments received quickbooks premier contractor edition 2015 the past 30 days.

And the Expenses list and pie chart on the right help you identify where you spend the most money. Income Tracker upgrades. Income Tracker Receivables Aging boasts a couple of helpful enhancements. Updated Reminders window. The Reminders window Reminders has a new look. If a category is collapsed, click the продолжение здесь triangle next to its heading to show each reminder in that section.

To collapse a category, click the flippy triangle to hide its individual reminders. Pinned notes. For example, say you create a note about an issue a customer has with an order. You can pin that note in the Customer Center so that, whenever you select quickbooks premier contractor edition 2015 customer in the Customer Center, the note is easy to spot. New report formatting. The rows for top-level categories are shaded gray, lower-level category rows are shaded beige, and rows with totals are посетить страницу источник light gray.

Updated online payments. Big changes for узнать больше payments were still in the works when this book was written. When you run a business or a nonprofit quickbooks premier contractor edition 2015, you track company quickbooks premier contractor edition 2015 for two reasons: to keep your business running smoothly and to generate the reports required by the IRS, SEC, and anyone else you have to answer to.

QuickBooks helps you perform basic financial tasks, track your financial situation, and manage your business to make it even better. Work with more than 14, unique inventory items or 14, contact names.

QuickBooks Pro and Premier company files can hold up to 14, inventory items and a combined total of up quickbooks premier contractor edition 2015 14, customer, vendor, employee, and other Other Names List names. In the QuickBooks Enterprise Solutions edition of the program, the number of names is virtually unlimited. Track personal finances.

In addition to opening a separate checking account for your business, you should also track your personal finances somewhere else like in Quicken. If you do decide to use QuickBooks, at least create a separate company file for your personal financial info. Track the performance of stocks and bonds. Quickbooks premier contractor edition 2015 course, companies invest in things like equipment and office buildings, and you should track investments such as these in QuickBooks.

However, in QuickBooks, they show up as assets of your company Creating an Account. Manage specialized details about customer relationships. Lots of information goes into quickbooks premier contractor edition 2015 customers quickbooks premier contractor edition 2015. With QuickBooks, you нажмите чтобы перейти stay on top of customer activities with features like to-dos, notes, reminders, quickbooks premier contractor edition 2015 memorized transactions. You can also keep узнать больше of leads before they turn into customers.

But if you need to track details for thousands of members or customers, items sold on consignment, project progress, or tasks related to managing projects, a customer-management program or a program like Microsoft Excel or Access might be a better solution.

Some third-party customer-management programs integrate with QuickBooks Managing Leads. QuickBooks comes in a gamut of editions, offering options for organizations at both ends of the small-business spectrum. QuickBooks Pro handles the basic needs of most businesses, whereas Enterprise Solutions the most robust and powerful edition of QuickBooks boasts enhanced features and speed for the biggest of small businesses. Likewise, features vary in the desktop editions for different countries; this book covers the U.

This book focuses on QuickBooks Pro because its balance of features and price makes it the most popular edition. QuickBooks Online Simple Start is a low-cost online option for small businesses with very simple accounting needs and only one person running QuickBooks at a time. QuickBooks Online Essentials allows up to three people to run QuickBooks at a time and lets you connect to as many bank or credit card accounts as you want.

As its name suggests, it offers essential features like automated invoicing, entering bills, and controlling what users can access. QuickBooks Pro is the workhorse desktop edition.

It lets up to three people work on a company file at a time and includes features for tasks such as invoicing; entering and paying bills; job costing; creating estimates; saving and distributing reports and forms as email attachments; creating budgets; projecting cash flow; tracking mileage; customizing forms; customizing prices with price levels; printing shipping labels; and integrating with Word, Excel, and hundreds of other programs.

Other lists, like the chart of accounts, can have up to 10, entries each. QuickBooks Pro Plus is a subscription product that costs a little more than the one-time license fee you pay for QuickBooks Pro, but QuickBooks Pro Plus offers mobile access, unlimited phone support, online backups, and always-up-to-date software. Similarly, QuickBooks Premier Plus is the premier version of the subscription product. QuickBooks Premier is another multi-user edition up to five simultaneous users.

It can handle inventory items assembled from other items and components, generate purchase orders from sales orders and estimates, apply price levels to individual items, export report templates, produce budgets and forecasts, and work with different units of measure for items. Plus, it offers enhanced invoicing for time and expenses, and includes a few extra features like reversing journal entries.

When you purchase QuickBooks Premier, you can choose from six different industry-specific flavors see the next section. Like the Pro edition, Premier can handle a combined total of up to 14, name list entries. Enterprise Solutions is the edition for midsized operations. Up to 30 people can access a company file at the same time, and this simultaneous access is at least twice as fast as quickbooks premier contractor edition 2015 the Pro or Premier edition.

It can track inventory in multiple warehouses or stores and produce combined reports for those companies and locations. And because more people can use your company file at once, quickbooks premier contractor edition 2015 edition has features such as an enhanced audit trail, more options for assigning or limiting user permissions, and the ability to delegate administrative functions to the other people using the program.

Your local office supply store, Amazon, and any number of other retail outlets usually offer the program at a discount. If you buy QuickBooks from Intuit, you pay full price, but you also have 60 days to return the program for a full quickbooks premier contractor edition 2015. If you work in one of the industries covered by QuickBooks Premier, you can get additional features unique to your industry. When you install QuickBooks Premier, you choose the industry version you want to run.

If your business is in an industry other than one of the five options, choose General Business. It lets you run any QuickBooks quickbooks premier contractor edition 2015 Pro or any of the Premier versions.

The General Business edition has Premier goodies like per-item price levels, sales orders, and so on. It also has sales and expense forecasting, the Inventory Center, more built-in reports than QuickBooks Pro, and a business plan feature. Its chart of accounts and menus are customized for manufacturing and wholesale operations. You can use it to manage inventory assembled from components and to track customer return merchandise authorizations RMAs and damaged goods.

If you run a nonprofit organization, you know that several things work differently in the nonprofit world, as the box on Accounting Basics: The Important Stuff details. The Nonprofit edition of QuickBooks includes features such as a chart of accounts customized for nonprofits, forms quickbooks premier contractor edition 2015 letters targeted to donors and pledges, info about using the program for nonprofits, and the ability to generate Statement of Functional Expenses forms. The Professional Services edition not to be confused with QuickBooks Pro is designed for companies that deliver services to their clients.

Unique features include project-costing reports, templates for proposals and invoices, billing rates that you can customize by client or employee, and смотрите подробнее service—specific reports and help. The Retail edition is customized for retail читать статью. It includes specialized menus, reports, forms, and help, as well as a custom chart of accounts.

Quickbooks premier contractor edition 2015 offers companion products that you can integrate with this edition to support all aspects of your retail operation. As long as funding comes primarily from unrestricted sources, the Pro edition will work reasonably well.

In that case, QuickBooks Premier Nonprofit might be a real timesaver. Double-entry accounting is the standard method for tracking where your money comes from and where it goes. For example, as shown in Table 1when you sell something to a customer, the money on your invoice comes in as income and goes into your Accounts Receivable account. Then, when you deposit the payment, the money comes out of the Accounts Receivable account and goes into your checking account. See Chapter 16 for more about double-entry accounting and journal entries.

Each side of a double-entry transaction is either a debit or a credit. As you can see in Table 1when you sell products or services, you quickbooks premier contractor edition 2015 your income account since your income increases when you sell somethingbut debit the Accounts Receivable account because selling something also increases how much customers owe you.

Chart of accounts. In bookkeeping, an account is a place to store money, just like quickbooks premier contractor edition 2015 real-world checking account is a place to store your ready cash. The difference is that you need an account for each kind of income, expense, asset, and liability you have. See Chapter 3 to learn about all the different types of accounts you might use. Cash vs. Cash and accrual are the two different ways companies can document how much they make and spend.

The accrual method, on the other hand, follows something known as the matching principlewhich matches revenue with the corresponding expenses. This approach keeps income and expenses linked to the period in which they happened, no matter when cash comes in or goes out. The advantage of this method is that it provides a better picture of profitability because income and its corresponding expenses appear in the same quickbooks premier contractor edition 2015.

Пост download photoshop cs6 portable google drive – download photoshop cs6 portable google drive прощения example, if you pay employees in January for work they did in December, those wages are part of the previous fiscal year.

Financial reports.

 
 

 

Quickbooks premier contractor edition 2015.Stay on top of your contractor business

 
Big changes for online payments were still in the works when this book was written. Accounting Basics: The Important Stuff. These chapters describe how to track time and expenses, pay for things you buy, bill customers, manage the money that customers owe you, pay for expenses, manage your bank accounts, and perform other bookkeeping tasks. These chapters cover creating a company file and setting up accounts, customers, jobs, vendors, invoice items, and other lists. As you can see in Table 1 , when you sell products or services, you credit your income account since your income increases when you sell something , but debit the Accounts Receivable account because selling something also increases how much customers owe you. On the left, the Income section is like a mini Income Tracker described next, and covered in detail on Receivables Aging ; it lets you quickly scan totals for unpaid invoices, overdue invoices, and customer payments received in the past 30 days.