Quickbooks small business accounting pro 2012
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- #QUICKBOOKS SMALL BUSINESS ACCOUNTING PRO 2012 HOW TO#
- #QUICKBOOKS SMALL BUSINESS ACCOUNTING PRO 2012 UPGRADE#
- #QUICKBOOKS SMALL BUSINESS ACCOUNTING PRO 2012 DOWNLOAD#
- #QUICKBOOKS SMALL BUSINESS ACCOUNTING PRO 2012 FREE#
If you didn’t keep copies, you can sheepishly ask your customers for copies of the invoices they haven’t paid or simply create invoices in QuickBooks to match the payments you receive. If customers owe you money, pull the paper copy of every unpaid invoice or statement out of your filing cabinet so you can give QuickBooks what it needs to calculate your Accounts Receivable balance. Your tax return also shows your federal tax ID number, which you’ll need, too.Ĭustomer balances. In cases like that, go with the next start-date option.įor Subchapter C corporations, Subchapter S corporations, and partnerships, the balance sheet that you included with your previous year’s tax return is a great starting point for account balances. (Intuit releases new versions of QuickBooks in October or November each year for just that reason.) But waiting until next year isn’t always an option. If more than half of the year has already passed, the best approach is to be patient and postpone your QuickBooks setup until the next fiscal year. And you’ll regain those hours when tax time rolls around, as you nimbly generate the reports you need to complete your tax returns. Yes, you have to enter checks, credit card charges, invoices, payments, and other transactions that happened since the beginning of the year, but that won’t take as much time as you think. That way, the account balances on your start date are like the ending balances on a bank statement, and you’re ready to start bookkeeping fresh on the first day of the fiscal year. Choose the last day of your company’s previous fiscal year as the company file start date. The best choice is to fill in your records for the entire year. The last day of the previous fiscal year.
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#QUICKBOOKS SMALL BUSINESS ACCOUNTING PRO 2012 HOW TO#
Finally, you’ll learn how to open a company file, update one to a new version of QuickBooks, and modify basic company information. You’ll also learn how to create a company file from an existing file and what information QuickBooks transfers over. Then, if you need to create your own company file, you’ll learn how to use the QuickBooks Setup dialog box and the EasyStep Interview to get started (and find out which other chapters explain how to finish the job). This chapter starts by explaining how to launch your copy of QuickBooks. QuickBooks 2012 also lets you create a new company file from an existing one. For example, if you’ve worked with an accountant to set up your company, she might provide you with a QuickBooks company file already configured for your business so you can hit the ground running.
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Another approach is to use a file that someone else created. To get started, you can create a company file from scratch or convert records previously kept in a small-business accounting program or Quicken.
#QUICKBOOKS SMALL BUSINESS ACCOUNTING PRO 2012 FREE#
Anyone have experience with this or something else? Or, if you have an urge to sream out, "Stick with QuickBooks dummy! $250.00 is nothing! All the free stuff is crap" feel free to do that too.A company file is where you store your company’s financial records in QuickBooks, so it’s the first thing you need to work on in the program. I realize that bigger businesses need all of this but I don't. Even for payroll, I enter it as an expense, and have been told this is fine. As far as I'm concerned, it's income, or it's an expense I pay right away (no liabilities). There's tons of features in Quickbooks I don't use (payroll, generating invoices, check generation, etc.) I don't even do the double-entry bookkeeping. I like the existing categories within Expenses, Income, etc.I still have to go through and pick categories for each item and do some work, but it's a lot easier than entering everyting by hand.
#QUICKBOOKS SMALL BUSINESS ACCOUNTING PRO 2012 DOWNLOAD#
Download statements from bank in QuickBook format and automatically enter them into quickbooks.Produce Profit and Loss statements and Balance sheets to give to the accountant at end of year.I will say that I do like these features of QuickBooks and would hope to find them in another package:
#QUICKBOOKS SMALL BUSINESS ACCOUNTING PRO 2012 UPGRADE#
They recently sent me a letter "suggesting" I upgrade to the 2012 version ($200+) as many of the features of the 2009 version will no longer work, such as downloading statements from my bank.Īre there any cheap/free alternatives out there? I've always had the opinion that QuickBooks is completely over the top for a small consulting business like mine. I'm currently using a 2009 version of QuickBooks Pro for my S-Corp accounting needs.