Chapter 17, Closing the Books in QuickBooks Online, covers reconciling all bank and credit card accounts, making year-end accrual adjustments (if applicable), recording fixed asset purchases made throughout the year, recording depreciation, taking a physical inventory, adjusting retained earnings, and preparing financial statements.Â
Chapter 18, Handling Special Transactions in QuickBooks Online, starts by using apps in QuickBooks Online. Apps are a great way to help you streamline day-to-day business tasks that can be time-consuming. Next, we will show you how to record credit card payments from customers. We will also show you how to keep track of petty cash. Finally, we will show you how to record delayed charges.
