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Mastering QuickBooks 2022

You're reading from   Mastering QuickBooks 2022 The bestselling guide to bookkeeping and the QuickBooks Online accounting software

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Product type Paperback
Published in Jan 2022
Publisher Packt
ISBN-13 9781803244280
Length 482 pages
Edition 3rd Edition
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Author (1):
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Crystalynn Shelton Crystalynn Shelton
Author Profile Icon Crystalynn Shelton
Crystalynn Shelton
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Table of Contents (27) Chapters Close

Preface 1. Section 1: Setting Up Your Company File
2. Getting Started with QuickBooks Online FREE CHAPTER 3. QuickBooks Online Advanced 4. Company File Setup 5. Migrating to QuickBooks Online 6. Customizing QuickBooks for Your Business 7. Managing Customer, Vendor, and Products and Services Lists 8. Section 2: Recording Transactions in QuickBooks Online
9. Managing Sales Tax 10. Recording Sales Transactions in QuickBooks Online 11. Recording Expenses in QuickBooks Online 12. Reconciling Downloaded Bank and Credit Card Transactions 13. Section 3: Generating Reports in QuickBooks Online
14. Report Center Overview 15. Business Overview Reports 16. Customer Sales Reports in QuickBooks Online 17. Vendor and Expenses Reports 18. Section 4: Managing Employees and Contractors
19. Managing Payroll in QuickBooks Online 20. Managing 1099 Contractors in QuickBooks Online 21. Section 5: Closing the Books and Handling Special Transactions
22. Closing the Books in QuickBooks Online 23. Handling Special Transactions in QuickBooks Online 24. Other Books You May Enjoy
25. Index
Appendix

Smart Invoicing

A new feature now available in QBO Advanced is called Smart Invoicing. Smart Invoicing uses artificial intelligence to identify and highlight invoice irregularities so you can spot potential problems quickly. For example, invoices are flagged whenever a quantity or price detail falls outside the expected range for a given customer. The irregular values are highlighted and explained so the person creating the invoice or the approver can take a look at them.

Below is an example of an invoice with the Smart Invoicing feature turned on:

Figure 2.42: Smart Invoicing in action

Notice that both the quantity and the unit cost are highlighted with a comment right above that indicates the expected value for these fields. If you don’t want to see the comments, you can turn off Smart Invoicing in company preferences (click on the gear icon and select Account and settings), or you can turn off suggestions at the user level.

Next, we will cover an existing...

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