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Mastering QuickBooks 2021

You're reading from   Mastering QuickBooks 2021 The ultimate guide to bookkeeping and QuickBooks Online

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Product type Paperback
Published in Jan 2021
Publisher Packt
ISBN-13 9781800204041
Length 414 pages
Edition 2nd 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 (26) 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 Customers, Vendors, Products, and Services 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. Shortcuts and Test Drive 25. Other Books You May Enjoy

Choosing your QuickBooks start date

One of the most important decisions you will make is what your QuickBooks start date will be. The start date is based on how much historical information you decide to bring over from your existing accounting software into QuickBooks Online. Let's take a look at a few examples:

  • Example 1: Let's say a web designer decided to start a business in January. The start date in QuickBooks for this brand new business would be January 1.
  • Example 2: Let's assume it's January 2020 and you have decided to bring in data from January 1 through December 31, 2019. Your  QuickBooks start date will be December 31, 2018. That way, you can bring over all 2018 balances as of this date, and transactions dated January 1, 2019 and after will be directly entered into QuickBooks Online.
  • Example 3: Let's assume it's April 16 and your tax professional has informed you that a shoebox of receipts will no longer be accepted next year and that you...
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