Quickbooks

Quickbooks is the most popular small business accounting software packaged

and marketed by Intuit. Quickbooks software holds more than 80% of the small
business market share. It has a product for nearly all of the accounting needs. It offers
several versions and alternatives depending on what you prioritize, need more and
what is right for you. It can be quickbooks self-employed, quickbooks online,
quickbooks desktop and quickbooks apps.
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QuickBooks will calculate sales tax on your invoices and calculate your total sales tax
that is due for the month or the quarter whatever type of arrangement you have with
with the state you can also create your expense transactions by clicking on the same
quick read button you can create bills for example these are expenditures that you're
going to pay later same type of process you select the vendor that send you the bill you
select the date of will you select a term so if they give you 30 days to pay you
automatically calculates that do they you can enter the bill number which is the
invoice number from your vendor you can select the expense category of the
transaction that you're purchasing from that vendor whatever happens to be you can
also type a description you can add multiple lines if you have a bill that contains
multiple lines from your chart of accounts expenses you select the amount of each of
the expenses if you happen to have multiple you can also mark your expenses billable
so if you plan to take an expense and get reimbursed from your customer.

So if you want a little bit more real estate you can collapse and expand that here on
the right side of the screen you get a gear icon which allows you to go into the settings
chart of accounts and things like that you also get access to the search box which
allows you to search existing transactions and also see the most recent transactions
that you have created there's also the quick to create button which is that circle that
allows you to get a menu of all the transactions you can create here on the home page
when you go into the dashboard you get a quick analysis of your income expenses
bank balances profit and loss and sales.
This is what they call the dashboard to actually get into creating transactions
normally what we do is we click on the quick read button and then we go straight into
the transaction we want to create invoices is pretty much one of the most common
things that people want to do.
QuickBooks is but you can create a purchase order just so you can create a bill and
that purchase order can contain the specific products that you're buying and then
once you receive that from your vendor you go convert that purchase order to a bill
and of course pay that bill eventually whenever that payment comes due you can also
enter your banking which arguably is one of the most powerful features in QuickBooks
when you click on the banking tab on the left side what you do is you connect your
banks and credit cards with QuickBooks it downloads in a daily basis all the
transactions that go through the bank and it gives you the ability to select a an
expense category for each of those transactions that have been downloaded
QuickBooks in the same banking area you're going to see transactions that match so if
you're creating things in QuickBooks before they clear their bank. Bank rules which
allows you to program how you want the bank to behave how you want QuickBooks to
behave based on the banking transactions and the name of the payees and the
descriptions to automatically categorize things for you so after a couple of weeks and a
couple of months.
QuickBooks you will notice that banking becomes a lot more automated you can also
take a look at your overall sales and track all your open invoices overdue invoices that
sort of thing all invoices can be emailed from QuickBooks automatically to to your
customers and you can even send reminders if they haven't paid you or maybe you
want to just gently nudge and say hey you still owe me from the same voice now the
reports section also arguably one of the awesome sections inside QuickBooks allows
you to pull the most important reports such as a profit and loss and very common we
pull a profit and loss by month for example and allows you to sort of see the financial
health of your organization over a period of time.