QUICKBOOKS 2022 ALL-IN-ONE CRASH COURSE by WEBINAR JOE

Author:WEBINAR, JOE
Language: eng
Format: epub
Published: 2022-01-18T00:00:00+00:00

Turn on QuickBooks

The program prompts you to activate QuickBooks the first time you open it. Activation essentially entails informing QuickBooks of your identity. QuickBooks will merely ask you to confirm that its assumption is right if it can predict your identity from the previous product-registration information it finds on your computer. You'll have to go through some hoops and supply more identifying information if you don't.

Before you start using QuickBooks, you should probably register it.

If you operate on a network and wish to share a QuickBooks file from one computer with another on the network, you'll need to install QuickBooks on all of the other machines you'll be using to interact with the file.

Note: Each machine on which you want to install QuickBooks requires a separate copy of QuickBooks (such as the five-pack version).

By the way, running QuickBooks on a network with several QuickBooks users isn't particularly difficult or time-consuming. The difficult part is taken care of by QuickBooks. If you have numerous people using QuickBooks, you owe it to yourself (and your company) to build up a network and then purchase and install multiple versions of the software.

When you run QuickBooks Setup, you provide QuickBooks a lot of information. In practice, setup necessitate the following:

▪Financial statements that are accurate as of the QuickBooks conversion date

▪Accounts payable, accounts receivable, inventories, and fixed assets should all be kept in detail.

▪A list of employees, customers, vendors, and inventory items that is complete or virtually complete (if you buy and sell inventory)

You should gather all of this information before beginning QuickBooks Setup since you may be asked about it as part of the setup process (depending on how you go about setting up QuickBooks).

Let me also point you that as you work through QuickBooks Setup, you'll have to make various accounting decisions. For example, you may be prompted to choose whether or not to use an accounts payable system. You can utilize the Setup Wizard to tell QuickBooks whether or not you wish to send monthly statements to your clients. You can also be asked if you want to prepare estimates for customers or if you want to utilize classes to keep track of your earnings and expenses.

Note: In general, you can just accept the default response when you're given an accounting inquiry. However, you must be consistent in your accounting for tax reasons by law. If you want to modify your accounting technique (which the Internal Revenue Service calls a change of accounting method), you must first get approval from the IRS.

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