QuickBooks 2007 For Dummies (For Dummies (Computer Tech)) - download pdf or read online

By Stephen L. Nelson

Preserve your enterprise funds in tip-top formManage your small business accounting and monetary administration tasks—quickly and accuratelyIf you are like so much small-business humans, accounting is the very last thing you need to spend plenty of time on. that is the place this convenient advisor is available in. Written by way of a CPA, it quick walks you thru bookkeeping fundamentals -- and indicates how QuickBooks can placed your money owed so as so that you can spend much less time with the books and extra time on business.Discover how toBuild the best budgetPrepare client invoices and checklist salesProduce universal monetary statementsManage inventorySimplify tax go back preparationBalance debts

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Let me mention one other quick pointer about this industry-specific information stuff: You may not understand everything that you read. That’s okay. You still want to read the tips and maybe jot them down on a piece of paper as you go along. As you work with QuickBooks and find out more about it, you’ll find that more and more of the information provided in the industry-specific tips makes sense. Chapter 2: Answering Mr. Wizard To view a document of industry-specific information at any time, click the Support link on the Navigation bar, and click the Industry-Specific Information hyperlink.

Table 2-1 A “Slightly Awkward Way” Sample Trial Balance Trial Balance Information Debit Credit Assets Checking Fixed assets $5,000 $60,000 Accumulated depreciation (fixed assets) $2,000 Liabilities information Loan payable $10,000 Owner’s equity and income statement information Opening bal equity $20,000 Sales $60,000 Cost of goods sold $20,000 Supplies expense $2,100 Rent expense $4,900 Totals $92,000 $92,000 Chapter 2: Answering Mr. Wizard If you’re converting at the very beginning of the accounting year, your trial balance instead looks like the one shown in Table 2-2.

And if you add sales tax to an invoice, well, guess what? QuickBooks again thinks that you’re adding another mug. This wacky definition of items is confusing at first. But just remember one thing, and you’ll be okay: You aren’t the one who’s stupid; QuickBooks is. No, I’m not saying that QuickBooks is a bad program. It’s a wonderful accounting program and a great tool. What I’m saying is that QuickBooks is only a dumb 38 Part I: Quickly into QuickBooks computer program; it isn’t an artificial-intelligence program.

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