In this QuickBooks tutorial, I will take you through different stages of setting up your QuickBooks accounting software.
Learning QuickBooks before you jump in and get bogged down is one of the first steps in setting up an effective small business accounting system.
QuickBooks accounting software really does make small business accounting easy by providing windows that you use to record your business transactions. These windows make it easier to record your financial transactions by looking like a check, invoice, or sales receipt.
Before you install or open QuickBooks, there are a few things you will need to do first:
QuickBooks Tutorial Step 1: Decide on a start date
QuickBooks has two starting dates:
QuickBooks tracks transactions form the first day of your fiscal year to the last. So you must enter historical transaction information into QuickBooks to provide accurate balances for your accounts.
You do not have to enter each individual transaction your business has incurred since the first of the year; instead, you can combine transactions and enter the total.
For example, say your conversion date is May 1st. You could enter the total of your income up to that date as one transaction and then enter all of your electric bills as one single transaction and so on.
Additional Tutorials on How to Use QuickBooks:
Setting up and using QuickBooks for web site owners: