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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

  • How to Reconcile the Bank Account
    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.
  • How to Record Deposits
    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.
  • How to Record Checks
    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.
  • How to Record Expenses
    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.
  • How to use Bank Rules
    Go to Banking then select Rules Select New rule Enter a name in the What do you want to call this rule? field. From the Apply this to transactions that are dropdown, select Money in or Money out. From the In dropdown, select the bank or credit card account. Set the rule conditions. You can set a single rule with up to 5 conditions. Set and include the following, then select Add a condition. In the Conditions fields, specify whether the rule applies to Description, Bank text, or Amount. Then select Contains, Doesn't contain, or Is exactly to decide how it applies the rules. Select the settings for the rule. Select the Transaction Type, Category, Tags, and the Payee to apply. Select Save.
  • How to connect your Bank Account & Credit Cards
    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.
  • How to Run Payroll
    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.
  • How to Track and Record Sales Tax
    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.
  • How to Add Bills and Payments
    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.
  • How to Use Workforce to see pay stubs and W2s
    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.

QuickBooks Desktop

  • How to Reconcile the Bank Account
    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.
  • How to Record Deposits
    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.
  • How to Record Checks
    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.
  • How to Record Expenses
    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.
  • How to use Bank Rules
    Go to Banking then select Rules Select New rule Enter a name in the What do you want to call this rule? field. From the Apply this to transactions that are dropdown, select Money in or Money out. From the In dropdown, select the bank or credit card account. Set the rule conditions. You can set a single rule with up to 5 conditions. Set and include the following, then select Add a condition. In the Conditions fields, specify whether the rule applies to Description, Bank text, or Amount. Then select Contains, Doesn't contain, or Is exactly to decide how it applies the rules. Select the settings for the rule. Select the Transaction Type, Category, Tags, and the Payee to apply. Select Save.
  • How to connect your Bank Account & Credit Cards
    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.
  • How to Run Payroll
    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.
  • How to Track and Record Sales Tax
    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.
  • How to Add Bills and Payments
    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.
  • How to Use Workforce to see pay stubs and W2s
    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.
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