quickbooks 2010 all-in-one for dummies (isbn - 047050837x)

Stephen L. Nelson, MBA, CPA 8 IN 1 BOOKS BOOKS • An Accounting Primer • Getting Ready to Use QuickBooks • Bookkeeping Chores • Accounting Chores • Financial Management • Business Plans • Care and Maintenance • Additional Business Resources QuickBooks ® 2010 ALL-IN-ONE Making Everything Easier! ™ Open the book and find: • How to read a financial statement • Steps for tracking accounts receivable and payable • Tips for managing cash and bank accounts • How to set up lists of customers, vendors, and payroll items • How to produce common financial statements and reports • What you can learn from ratio analysis • How to create and use a business plan workbook • Ways to simplify tax preparation Stephen L. Nelson, MBA, CPA, provides accounting, business advisory, tax planning, and tax preparation services to small businesses. He belongs to both the Washington Society of CPAs and the American Institute of CPAs, and he has written more than 100 books that have sold over four million copies. $34.99 US / $41.99 CN / £24.99 UK ISBN 978-0-470-50837-4 Computers/Financial Applications Go to Dummies.com ® for videos, step-by-step examples, how-to articles, or to shop! Your one-stop guide to managing your business finances QuickBooks is the leading small-business accounting software, but there’s a lot to it. This guide makes it simple, with individual minibooks covering different aspects of QuickBooks, along with some basic business financial management tips and pointers. Put them together, and you will find that the business of running your business just got easier! • Accounting 101 — get a handle on accounting principles and double-entry bookkeeping • Starting out right — set up and fine-tune QuickBooks for your business • Keeping the books — become familiar with the procedures for invoicing customers, paying vendors, tracking inventory, and paying employees • Day-to-day accounting — learn to prepare budgets, financial statements, reports, and job-costing systems • Managing finances — discover ratio analysis, economic value- added analysis, and capital budgeting techniques • Plan for success — get direction for writing a business plan and using profit-volume-cost analysis • Be prepared — protect your vital business data and troubleshoot potential QuickBooks problems • Find support — explore online business resources and learn financial terminology An Accounting Primer Getting Ready to Use QuickBooks Bookkeeping Chores Accounting Chores Financial Management Business Plans Care and Maintenance Additional Business Resources QuickBooks ® 2010 ALL-IN-ONE Nelson spine=1.25” spine=1.25” Start with FREE Cheat Sheets Cheat Sheets include • Checklists • Charts • Common Instructions • And Other Good Stuff! 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Get More and Do More at Dummies.com ® To access the Cheat Sheet created specifically for this book, go to www.dummies.com/cheatsheet/quickbooks2010aio QuickBooks ® 2010 A L L - I N - O N E FOR DUMmIES ‰ Contents About the Author v Dedication vii Acknowledgments vii [...]... 25 Objectivity principle 26 xii QuickBooks 2010 All-in-One For Dummies Continuity assumption 26 Unit-of-measure assumption 26 Separate entity assumption 27 A Few Words about Tax Accounting 27 Chapter 2: Double-Entry Bookkeeping 29 The Fiddle-Faddle Method of Accounting 30 How Double-Entry Bookkeeping Works 32 The accounting... though this book is written for QuickBooks Premier, if you’re using QuickBooks Pro or QuickBooks Enterprise Solutions, don’t worry You’re just fine with this book And don’t freak out if you’re using some version of QuickBooks that’s very similar to QuickBooks 2010, such as QuickBooks 2009 or QuickBooks 2011 Although this reference is about QuickBooks 2010, it also works just fine for the 2008, 2009, and... Tracking 318 Using Classes for ABC 319 Setting up your classes 319 Classifying revenue amounts 320 Classifying expense amounts 321 After-the-fact classifications 321 Producing ABC reports 322 xviii QuickBooks 2010 All-in-One For Dummies Chapter 5: Setting Up Project and Job Costing Systems 325 Setting Up a QuickBooks Job 325 Tracking... a BEA publication 519 Using the BEA publication 520 Bureau of Labor Statistics 520 Information available at the BLS Web site 520 Using Bureau of Labor Statistics information 521 xxii QuickBooks 2010 All-in-One For Dummies Census Bureau 524 Information available at the Census Bureau Web site 525 Using the Census Bureau’s publications 526 Using... which versions of QuickBooks this book works for, what’s in the reference, what it assumes about your existing skills, and what conventions I use About This Book QuickBooks comes in several different flavors, including QuickBooks Simple Start, QuickBooks Pro, QuickBooks Premier, and QuickBooks Enterprise Solutions This reference talks about QuickBooks 2010 Premier, which is a superset of QuickBooks Pro... with QuickBooks? 385 Book VI: Business Plans 387 Chapter 1: Profit-Volume-Cost Analysis 389 How Profit-Volume-Cost Analysis Works 390 Calculating Breakeven Points 392 Using Real QuickBooks Data for Profit-Volume-Cost Analysis 393 Sales revenue 394 Gross margin percentage 394 Fixed costs 395 The Downside of the Profit-Volume-Cost... List 106 Setting Up the Profile Lists 106 Chapter 3: Fine-Tuning QuickBooks 109 Accessing the Preferences Settings 110 Setting the Accounting Preferences 111 Using account numbers 112 General accounting options 112 xiv QuickBooks 2010 All-in-One For Dummies Setting the Bill Preferences 114 Setting the Checking Preferences... Firm 215 Manufactured inventory the simple way 215 Inventory accounting in QuickBooks Premier 215 xvi QuickBooks 2010 All-in-One For Dummies Chapter 4: Managing Cash and Bank Accounts 221 Writing Checks 221 Recording and printing a check 221 Customizing the check form 227 Making Bank Deposits 229 Transferring Money between Bank Accounts... of a subset of QuickBooks Enterprise Solutions If you’re using QuickBooks Simple Start — which is the simplest, most bare bones version of QuickBooks — you shouldn’t use this book Sorry Fortunately, I have a solution of sorts for you You might want to get another book I’ve written, QuickBooks Simple Start For Dummies (Wiley Publishing, Inc.) That book covers the Simple Start version of QuickBooks in... costs 395 The Downside of the Profit-Volume-Cost Model 395 Using the Profit-Volume-Cost Analysis Workbook 397 Collecting your inputs 397 Understanding the breakeven analysis 400 Understanding the profit-volume-cost forecast 402 Looking at the profit-volume-cost charts 403 Chapter 2: Creating a Business Plan Forecast 407 Reviewing Financial . Nelson MBA, CPA QuickBooks ® 2010 A L L - I N - O N E FOR DUMmIES ‰ QuickBooks ® 2010 All-in-One For Dummies ® Published by Wiley Publishing, Inc. 111 River Street Hoboken, NJ 0703 0-5 774 www.wiley.com Copyright. 97 8-0 -4 7 0-5 083 7-4 Computers/Financial Applications Go to Dummies. com ® for videos, step-by-step examples, how-to articles, or to shop! Your one-stop guide to managing your business finances QuickBooks. principle 26 QuickBooks 2010 All-in-One For Dummies xii Continuity assumption 26 Unit-of-measure assumption 26 Separate entity assumption 27 A Few Words about Tax Accounting 27 Chapter 2: Double-Entry