Quickbooks Basics: How To Use Quickbooks Online

Quickbooks Online (or "QBO") is one of the most widely used accounting systems for small businesses. And for good reason: they have been in the game, focused on small business for a LONG time.

This video covered QBO basics:
- What is QBO?
- What is the point of an accounting system?
- What can it do for your small business?
- What functions does the platform have?
- What version could be best for you?
- What you need to focus on to ensure quality financial information?

Also, stay tuned for a whole "How to do stuff in QBO" series from Hannah Smolinski, CPA, and small business CFO.

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Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

[suzannehayes]

You take a long time to get to the learning. Shorter intro would be appreciated.

[varatham]

Hi Clara, i get cleared about QuickBooks by your excellent explanation, i am working as an accountant from Tamilnadu, Chennai. Thank you

[mirembegloria]

I would like to know the steps to take when using quick books from creating the company and chart of accounts

[mattydoehollow]

Will this show how to transfer QB online data back to your QB Desktop

[brianholzberger]

Hello Clara. Would love to know how to avoid duplications. I had a ton of duplicated payments and receivables this year when I reconciled.Thank you

[russellgray]

Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.

[escanorpride]

Thank you. I just want you to know that I appreciate what you are doing.

[paulchoate]

Right Tools app is a game changer. I didnt like QBO as I came from desktop. After installing Right Tools I like QBO.

[RaphaelAnkrah]

I wish to learn about the QBO as I have accounting and auditing background. The little I have read about the QBO indicates that with it can be used for basic bookkeeping and accounting records for businesses and organizations. With dedication, I can go through the tutorials and acquaint myself with the tenets of the QBO.

[marydwyer]

I've been trying to find out the fees Quickbooks has charged for every transation over the quarter and I'm stumped!

[tomdwyer]

Hello, Very informative, but what about inventory?

[uznuocq]

How to set up a restaurant business in Quickbook? Can you make a video sample? Thank you!

[margaritabouzas]

Thank you Clara for this informative video. I am interested in learning about setting up Quickbooks online for E-Commerce, such as Shopify or Amazon FBA. How to set up the accounts? It is very difficult to have each customer information. How to be able to start from zero with a new FBA business. Which accounts? how to name them? etc. I hope you do a video like that because I know there is a tremendous need in such area for people who do not have accounting background but who want to do the right thing from the beginning. Even before starting the actual E-commer business. Thanks again.

[jeffreylbfd]

Great video. THANK YOU! I will be upgrading from QBSE to QBO January 1st, 2023. A few questions:

1) Do you have videos on creating a Schedule C, or 1120S using QBO. QBSE spits out a Schedule C and is very easy. Ive heard it called a glorified spread sheet. Ive heard QBO does not BUT that you can use Tax Line Mapping.

2) Does QBO allow miles to be added and a thorough description of miles driven?

Thank you again! Jeff

[roseminemathews]

I’m a hairdresser and wondered whether there is an inventory control for my retail items and products I use on clients?

[michelleemanueljohnson]

This was a great starter video. Appreciate your time and style of presenting!

[mozee]

We have 2 small businesses at home and we wanna keep track of all our expenses in different categories with both businesses showing its own expense worksheet. Can you do that in one program or do I have to buy 2 seperate programs for each business? we dont do payroll and this is just to give my tax person all our income form each business and espenses. TY

[kimsullivan]

Hi Clara, thanks for this. I'd love to see a video on how to make the expense and other categories in Quickbooks work well for you. What are good categories to add? I saw on another video you mentioned "owner's draw". That's great, I've made these mistakes too. Thanks again!

[Iksmohj]

Hi Ms.Clara.this is the account that we will be handling soon.Our introduction for the whole week just ended yesterday.I want to dig down more about Quickbooks and Quickbooks Premiere.This is crucial for a shifter like me.I don't have knowledge about accounting so I could really use your help.This is nerve racking experience to be honest.

[GettingNegative]

I have a small video production company as a side hustle that I want to start looking at with a more professional mindset, so I started a QB account. I need to learn how I should organize my regular job/personal pay etc from my side business expenses. I think I should make all my business expenses a separate vender? But I’m new so I want to start off on the right foot!