Managing Accounts, Vendors, & Inventory in QuickBooks Desktop Pro 2020

IN THIS COURSE

• 1.  Using the QuickBooks Chart of Accounts in QuickBooks Desktop Pro 2020
  2m 35s
  There are several main types of accounts you may regularly need to refer to when doing your company's books. All financial transactions are contained in these five accounts: income, expenses, assets, liabilities, and equity accounts. The Chart of Accounts, located on the Home page in QuickBooks, is a quick point of reference for all these company-related business accounts. FREE ACCESS
• 2.  Setting up bank feeds in QuickBooks Desktop Pro 2020
  2m 32s
  QuickBooks Pro has a great online banking feature where you can add bank accounts that are attached to your business and then retrieve financial information, transactions, and other details from there as needed. FREE ACCESS
• 3.  Modifying accounts in QuickBooks Desktop Pro 2020
  3m 5s
  From the Chart of Accounts in QuickBooks Pro, you can manage the accounts associated with your business. If, for example, you need to add an item such as an expense type to associate it with an account, or remove a category or some other item from an account for that matter, you can do so via the Chart of Accounts. FREE ACCESS
• 4.  Reconciling accounts in QuickBooks Desktop Pro 2020
  4m 48s
  Account reconciliation is an important part of business accounting. When reconciling your accounts, you verify that the various transactions for your business and the bank accounts they are associated with match what the bank has in terms of all the various charges. In essence, your and the bank's information has to match. QuickBooks Pro includes a helpful reconciliation feature to help you with reconciling your accounts. FREE ACCESS
• 5.  Working with items and services in QuickBooks Desktop Pro 2020
  4m 53s
  In QuickBooks, you can add items and even create separate subaccounts to differentiate between products and services via the Chart of Accounts. By configuring items and services in this way, you can more easily compare account incomes and use the subdivision of items as the basis for generating reports. FREE ACCESS
• 6.  Modifying items and services in QuickBooks Desktop Pro 2020
  5m 10s
  Items and services located within the company section of QuickBooks contain details on everything sales related, including tax. But depending on all the different sorts of products and services that your business offers, the list of items and services can become a bit cluttered or long. To help simplify this, you can modify items and services into classes to categorize them. FREE ACCESS
• 7.  Setting up the company to receive inventory in QuickBooks Desktop Pro 2020
  2m 49s
  When you have a business that sells inventory items, you need to ensure you can track those items. This means creating purchase orders for vendors, accepting the orders into your inventory, and tracking inventory items against sales. You can do all of this and more in QuickBooks Pro. FREE ACCESS
• 8.  Creating vendor profiles in QuickBooks Desktop Pro 2020
  3m 8s
  So when incurring expenses over the course of doing business, often you're going to receive bills from different companies known as the vendors. And so, what you want to do when you're setting up your QuickBooks company is to create vendors. And you can create vendors on the fly when you receive a bill from a new vendor, or you can set up vendors ahead of time. FREE ACCESS
• 9.  Entering purchase orders and inventory in QuickBooks Desktop Pro 2020
  4m 39s
  Purchase orders are documents that you create and then send to a vendor to order some sort of product from them. You can set up purchase orders and keep track of inventory items with ease using QuickBooks Pro. FREE ACCESS