Company File Setup

Picking up where we left off in Chapter 1, Getting Started with QuickBooks Online, we will show you how to customize your QuickBooks Online (QBO) account using company preferences. Company preferences allow you to establish how sales and expenses are recorded, how payments are handled, and other advanced settings, such as selecting the start of your fiscal year and which accounting method to use.

Before we dive into company preferences, we will spend some time discussing key information and documents that you need to have handy. This will help you to include as much information as possible; otherwise, you will be missing key details that should appear on customer invoices, documents, and forms that can be produced in QuickBooks. In addition, we will show you how easy it is to edit information in this section whenever you need to.

In this chapter, we’ll cover the following topics:

• Key information and documents required to complete the company...