Question 1

Getting Started with QuickBooks Online

Question 2

How to Reconcile the Bank Account

Accepted Answer

Select Accounting and then Reconcile. 
From the Account dropdown, select the account you want to reconcile.
Review the Beginning balance. Does this match what you see in your statement? 
Enter the Ending balance and Ending date on your statement. This may also be called the "new balance."
When you're ready to start, select Start reconciling.

Question 3

How to connect your Bank Account & Credit Cards

Accepted Answer

Go to Bookkeeping then Transactions then select Bank transactions, or go to Banking.
If this is the first bank account you’ve set up, select Connect account. Or select Link account if you already created one.
In the search field, enter the name of your bank, credit card, or credit union. 
Select Continue. Then sign in to your bank with your user ID and password. 
Follow the on-screen steps. This might include security checks your bank requires. It could take a few minutes to connect.
Select the accounts you want to connect, then select the account type dropdown. Choose the account type that matches your chart of accounts in QuickBooks.
Select Connect.

Question 4

How to use Bank Transactions (Syncing Bank Feeds Activity)

Accepted Answer

>View the Bank Transactions.
>View Transactions: properly categorize and review the transactions.
>Accept/Add, Match, (and or Exclude) Transactions as needed.

Question 5

How to use Bank Rules

Accepted Answer

View the following video on how to use Bank Rules.

Question 6

How to Create and Customize Invoices

Question 7

How to Receive/Record Payment on Invoices

Question 8

How to Record Deposits

Accepted Answer

Select + New then Bank Deposit.
From the Account dropdown list, choose the account you want to put the money into.
A list of payments should be available to select, select the check box for each transaction you want to combine.
Make sure the total of the selected transactions matches your deposit slip. Use your deposit slip as a reference.
Select Save and Close.

Question 9

How to Record Checks

Accepted Answer

Go to + New, then select Check.
From the Payee ▼ dropdown, select your payee.
From the Bank Account ▼ dropdown, select the account you want the money to come from.
Fill out the rest of the fields accordingly.
(Optional) You can skip this step if you only want to record a check. But if you plan to print the check, you can choose to print it now or later.
Select Save and close.
	
Note: If you need to reuse a check number, uncheck the Print later checkbox. When you save the check, confirm that 		you’re aware the check number already exists.
Print now - Select Print check. If you choose this option, QuickBooks will save the check and redirect you to the Print Checks page.
Print later - Select the Print later checkbox. This option adds the check to the print queue where you can enter the check number and print all your checks at once.

Question 10

How to Record Expenses

Accepted Answer

Select + New. Then select Expense.
In the Payee field, select the vendor. Tip: If the transaction covers multiple petty cash expenses, leave this field empty.
In the Payment account field, select the account you used to pay for the expense.
In the Payment date field, enter the date for the expense.
In the Payment method field, select how you paid for the expense.
If you want detailed tracking, enter a Ref no or Permit no. This is optional.
In the Tags field, enter the preferred label to categorize your money.
In the Category details section, enter the expense info. In the Category dropdown, select the expense account you use to track expense transactions. Then enter a description. Tip: You can also enter specific products and services in the Item details section to itemize the expense.
Enter the Amount and Tax.
If you plan to bill a customer for the expense, select the Billable checkbox and enter their name in the Customer field. Learn more about billable expenses.
When you're done, select Save and close.

Question 11

How to Run Payroll

Accepted Answer

Go to the Payroll menu, then select Run Payroll.
Select the employees you want to pay.
Verify if you have selected the correct bank account, pay period, and pay date.
Change employee's pay method as needed.
Enter hours worked if applicable. 
Select Preview Payroll, then Finish Payroll.

Question 12

How to Track and Record Sales Tax

Accepted Answer

Click on Taxes, then Sales Tax.
View Tax Liability Report.
Log in to your State Department of Revenue.
Start filing a Sales tax return for the period that tax was collected.
Before submitting, match the tax amount collected to your payment amount.
Record payment.

Question 13

How to Add Bills and Payments

Accepted Answer

Select New, then select Bill.
Enter your vendor, billing terms, bill date and due date, include a bill number.
Use an Expense account to categorize what you are being billed for, save & close.
When it's time to pay upcoming bills, select New, then click on Pay Bills.
Select the bills you are needing to pay, Note: match the check number to your physical check.
Schedule your payment either ACH or print.

Question 14

How to Use Workforce to see pay stubs and W2s

Accepted Answer

Look for an email with the subject [Business name] has invited you to view your pay stubs online. If you don’t see the invite, check your spam folder, or let your employer know about it. It’s possible they used an incorrect email.
Open the email, then select Create account or Sign in to accept the invitation.
Create an Intuit account with your email and a password. If you already have an Intuit account such as a previous QuickBooks Workforce or TurboTax account, sign in with that email address and password.

Jeff Pinkney CPA, Inc.

QuickBooks Tips

If you're having trouble navigating through your QuickBooks, learn and save time by reading and watching a few how-to videos.

QuickBooks Online

Getting Started with QuickBooks Online

How to Reconcile the Bank Account

How to connect your Bank Account & Credit Cards

How to use Bank Transactions (Syncing Bank Feeds Activity)

How to use Bank Rules

How to Create and Customize Invoices

How to Receive/Record Payment on Invoices

How to Record Deposits

How to Record Checks

How to Record Expenses

How to Run Payroll

How to Track and Record Sales Tax

How to Add Bills and Payments

How to Use Workforce to see pay stubs and W2s

QuickBooks Desktop

How to Reconcile the Bank Account

How to Create Invoices

How to Run Payroll