QuickBooks Handbook
2013, 2014, 2015, 2016, 2017 Guide
At the end of this course, you should be able to:
QuickBooks parameter setup: 1. Create a company. 2. Set up suppliers, customers, banks, charts of accounts, employees &
VAT Manage inventory & purchase order. Create estimates & manage invoices. Track your business expenses. Manage your cash and bank accounts. Track International sales in multiple currencies. Company’s snapshot and other reports.
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Create a companyTo create a new company with QuickBooks Pro:
1. Click file2. Click New Company
3. Click Express Start
4. Fill in your business information.
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5. Click continue to proceed.6. Enter your business information.
7. Click Create company file and wait for your company to be created.
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Enter your company name
Enter your industry
Select your company type
Enter your VAT number
Fill in the fields with your business information as illustrated
Set up suppliers, customers, banks, Charts of Accounts, employees & VAT
QuickBooks will also prompt you to set up the people you do business with: Suppliers, Customers, vendors among others.
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1. Click Add button for People you do business with
2. Click continue to add manually.
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If you have list of these people in Excel, click here to import
1. Select the party you want to add – Customer or supplier2. Enter Name, Company Name, First Name, Email, Phone Number, Fax, Address, City and
Contact Name.3. After adding all the people you do business with, click Continue.
QuickBooks will show you the total number of people added to your company.3. Click continue
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Manage SuppliersTo add new suppliers:
1. Click Suppliers on the QuickBooks homepage
2. Click New suppliers to add a new supplier/vendor
Use this window to enter your suppliers’ details:
3. Click Payment settings:
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Enter supplier’s name
Enter your payment details here
Enter amount owed to suppliers
Use this screenshot to enter your supplier’s payment details.
4. Click VAT settings to record tax deductions on purchases if any or show that the supplier is a TAX AGENCY.
5. Account Settings: Use to set accounts to prefill when you enter bill for a supplier.
6. Additional Information: Enter additional information as concerning a supplier.
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Click this if the supplier is a VAT Agency
7. Click ok to save the supplier.
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Select the supplier’s type
Manage customers
With QuickBooks Pro, you can see all the details of your customers/clients in one spot.The Customer Centre makes it easy to see all of your customer details in one organised screen.See contact information, open invoices, and paid transactions at a glance.
If you want to add new customer to the people you do business with:To view customer centre:
1. Click the Customer Icon on the home page.
The Customer Icon on the QuickBooks Pro homepage makes managing your customer list and transaction easier. You can add a new customer to your list, edit an already existing customer or track transactions that are specific to a customers.
Follow the instructions on the QuickBooks Pro customer centre snapshot below:
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Use the To Do List to add a prospective customer you want to follow up or have an appointment with:FREE QuickBooks Accounting Training Online, visit ComputerAccountingBlog.blogspot.com
Add New Customer to your List Instantly see and edit customer details
See open invoice, estimates and payment information for a customer- Click on any transaction to see full details
See the list of your current customers. Click on a name and
see a complete view of your transactions with him
See full details on your customer daily transactions
Use this tab to add a appointment with a selected customer
1. Click To Do’s and Manage To Do’s:
Add small window pops up. Use this window to create a new appointment of follow up reminder in respect of a selected Customers Name as shown below:
Click OK to close the window.
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3. Click Add button to add product and services you sell
Use this window to select what you offer and click continue.
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Add the product or service nameEnter the price of each product or service
4. Click continue to proceed.
QuickBooks will show you the numbers of product or services added, click continue
Creating and managing your product/service list
The QuickBooks Pro tracks all your income from the product and services you offer. In the course of your business, you may wish to add new items you offer for sell to your product list.
Steps:
1. Click items and services
2. Click New to add new items or services.
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See the list of services name, account that categorises that service income and price.
3. Click New
4. Click Add Your bank Accounts
1. Use this window to setup all your company bank accounts.
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Use this tab to add new items
Click here to add new services or product you offer
2. Click continue to proceed.
Discard this information and click continue to finish bank accounts set up.
After you have finished setting up the people you do business with, Click start working to start your company accounting entries in QuickBooks
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Enter your bank account name
Enter your bank account number
Enter your bank account balance as at
conversion date
Enter the Date you setup your bank account
Your QuickBooks homepage
The QuickBooks Pro which is design for small business based outfits contain all that you need to record your daily business transactions.
VAT set up:
For business that remits VAT to relevant Tax agencies, it is important for you to track the total amount accruable to your local tax authorities for effective reporting.
The QuickBooks Pro help you record all VAT payable from sales and create a report for real time updates.
From the QuickBooks Pro home page:1. Click Manage VAT.
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A Manage VAT window pops up which you will use to set-up your VAT percentage and report.2. Click Change VAT setup.
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Click here to set-up VAT rate
3. Click Next to continue.
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Follow the guide to change an existing VAT rate or add a new VAT rate
Click Next to continue
See the VAT item
4. Click next to continue.
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Double-click to change the VAT
rate
Enter the description of VAT items: VAT on sales, VAT on services, etc.
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Click Next
See details of your VAT changes
Click finish
Find Full Tutorials on Manage inventory & purchase order. Create estimates & manage invoices. Track your business expenses. Manage your cash and bank accounts. Track International sales in multiple currencies. Company’s snapshot and other reports.
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