If you’d like to try other great accounting software, we have you covered as well, with deals on FreshBooks, Xero, and others. You’ll also want to add integrations with any other business software service you already use. QuickBooks offers a range of integrations covering areas including sales, compliance, marketing, and cash flow forecasting.

How Quickbooks Can Benefit Your Business

Yes, these training tutorials are updated regularly based on the latest feature updates or changes made by Intuit, the company behind QuickBooks. Our free QuickBooks Online tutorials are comprehensive and educational resources designed to help you use QuickBooks Online for your business more effectively. Each course provides detailed step-by-step guides through a combination of comprehensive text instructions, practical examples, and video demonstrations. There are 55 guides in our QuickBooks Online tutorial, spanning eight main modules. You should plan at least two hours to complete the first module, which includes 14 video tutorials.

Many features can be toggled on or off, allowing you to choose what expenses or sales elements should be used, from purchase orders to tracking items by customer. Every business needs to handle accounting paperwork, and our experts know all the best features, prices, and support to look for. Once you’ve finished reading this guide, you’ll know how to find the core QuickBooks tools you need quickly and efficiently. QuickBooks Online mobile access is included with your QuickBooks Online subscription at no additional cost.

Manage employees

You can download and get started after spending a couple of hours browsing through the different screens. If you operate in multiple international locations QuickBooks allows you to accept payment in local currencies. Of course, it is safer to first check if QuickBooks accepts payment in the currency you deal with. Sign up to receive more well-researched small business articles and sales and use tax topics in your inbox, personalized for you.

1. Get a feel for what QuickBooks can do and try out top features using our sample company.
2. This module will teach you to download and track your credit card purchases in QuickBooks and reconcile them with your credit card statement to ensure that they match.
3. Many features can be toggled on or off, allowing you to choose what expenses or sales elements should be used, from purchase orders to tracking items by customer.
4. You’ll also learn how to manage credit card sales with either a QuickBooks Payments account integrated with QuickBooks or a third-party credit card processor.
5. QuickBooks, on the other hand, is a software dedicated only to accounting.

Intuit’s QuickBooks has been arguably the gold standard in accounting software since it first came out, following Intuit’s successful Quicken. Excel is a spreadsheet program that you can use for multiple functions like creating databases, project management and, yes, accounting. However, creating a solid accounting database in Excel requires a thorough knowledge of how to set up spreadsheets and all the formulas that may entail. QuickBooks makes it easier by doing everything automatically. As you accept payment for any item in the inventory, the right expense account is updated and reflected automatically in taxable income. The features and settings that you choose in this module will affect every area of QuickBooks.

Managing Sales and Income

For these tasks, you can download the “QuickBooks Accounting” app from the App Store, or the “QuickBooks Online Accounting” app from the Google Play what is depreciation definition formulas and types store. Once you’ve logged in, you just need to hit the “+” symbol at the bottom center of the homepage, and you’ll pull up the main menu, which you can scroll through until you find the task you need. Using this payroll guide, we’ll walk you through the entire payroll process step by step. Keep reading to learn about the different processing methods you can choose from. However you work, no matter what your business does, QuickBooks has a plan for you.

You should consider accepting credit card payments as a convenience for your customers and to expedite the collection of outstanding invoices. By the time you complete this section, you will be ready to start using QuickBooks how to calculate total cost: 13 steps to manage all of your income and expenses. It only takes a few minutes to get up and running once you connect your bank account to QuickBooks.

Figure out your tax needs

QuickBooks Online stands as the best accounting software that our researchers have tested, due to a great feature catalog, reporting tools, a top-quality support team, and a customizable interface. Your “Account and Settings” menu includes the “Sales” and “Expenses” tabs, and beginners will need to add data to both these pages in order to allow the QuickBooks software to correctly generate reports. You can link QuickBooks to your bank account to have your account transactions uploaded to QuickBooks automatically.