![]() ![]() One of the primary purposes of using bookkeeping software like QuickBooks Online is to determine the health of your business at any given point in time. This QuickBooks tutorial will teach you the importance of and how to print the profit and loss report, balance sheet report, statement of cash flows, and A/R and accounts payable (A/P) aging reports. QuickBooks will generate important reports that will provide you, your accountant, and your banker important insights into the financial health of your business. TUTORIAL 07 How to Reconcile Payroll Liabilities Part 8: The Setting Up QuickBooks lesson includes the following tutorials: You will also choose whether to turn on inventory quantity and cost tracking. For example, you will set the default payment terms for customer invoices and vendor bills. The features and settings that you choose in this lesson will affect every area of QuickBooks. By the time you complete this QuickBooks online tutorial, you will be ready to start using QuickBooks to manage all of your income and expenses. In this lesson, you will learn how to set up key areas of QuickBooks like bank and credit card accounts, invoice templates, products and services, and the chart of accounts. Our free QuickBooks course consists of eight lessons. Unless you are a seasoned QuickBooks user, I recommend you begin with Lesson 1 and complete the course in the order it is presented. Start at the beginning: This course was designed for new QuickBooks users, with each topic building on the previous one.If you don’t have QuickBooks Online yet, you can sign up for a free 30-day trial. ![]()
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