How to use QuickBooks Online in 2022 - A Crash Course in QBO

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**8 REPORTS EVERY COMPANY SHOULD SET UP IN QUICKBOOKS ONLINE:**

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Index

1:17 Adding the correct information in the accounting system

1:56 Diving into QuickBooks Online

2:08 Pricing updated each year

3:00 Which pricing tier should I use for my business

4:19 When in doubt use the lowest pricing tier for subscription

5:25 Need to know QuickBooks short cuts to migrate the information over

6:00 You do lose all the reconciliations up to the last month when migrating

6:25 Mobile App screen share

7:00 Update transactions from the mobile app

7:50 Seth's mother advice "Use time to your advantage"

8:53 Access all the areas in the main menu

9:39 When starting off a new client in QBO go to gear icon

10:15 Use it as a checklist for a new client

11:35 Invoice Settings

12:30 Expense Settings

13:00 Get familiar with settings

13:30 Strongly encourage to use QuickBooks Payments

13:59 Check with your CPA with the settings in this sometimes

14:29 Always analyze business in accrual basis

14:40 Banking and bank feeds important to understand how it works

17:00 Learn to use the bank feeds and the rules

17:57 Spend time in the beginning creating a rule for everything

18:30 Creating the time to create systems

18:50 Reconciliations difference needs to be 0

19:25 Sales area and product and services as a virtual shelf

19:59 Rental Income categorization

21:00 Customers tab invoice is for getting paid later, sales receipt is paying now

21:50 Difference between invoice and sales receipt

23:19 Record a bank deposit under the other tab

24:04 Customer unhappy and you want to give them credit for future that is a credit memo

26:00 Go to expenses then check , to use an actual check you wrote or printed

26:58 Most debit card transactions live in the bank feeds

27:27 Write an expense, for example rent

27:37 Tracking inventory, write details, option is needed to be turned on if needed

28:41 When you receive a bill

31:21 Banking and bank feeds set up all accounts and cc

32:00 If your bank not available in a set up there is a manual option you can put it in

32:29 Reports, always start with the balance sheet, your checklist for clients

33:59 Reconciliation is how you catch bookkeeping errors

35:00 Set up systems for AR Aging, email reminders an option

35:15 Accounts payable to make sure you are not behind paying someone

35:40 Profit and Loss everyone's favorite

36:15 You go through on a weekly basis, monthly basis, frequent basis

36:47 Navigation bar on the side

37:16 When analyzing receivables, overview page in sales tab is handy

38:10 Dashboard gives you high level info

38:25 If you are selling on Amazon

39:00 Cash flow over view and cash flow planner

39:13 Projects

40:00 Payroll

40:42 Time aka previously T-Sheets

42:06 Taxes

41:32 Mileage

41:49 Accounting

42:30 Add an accountant

43:20 Use bookmarks to save webpages

44:02 Bookmark in Slack embed link example

45:05 Seth uses the app Opera to bookmark

46:30 Example of using the magnifying glass

47:30 Recent transactions feature a lifesaver

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[JoanneSmith-bkwd]

Thank you for the tutorial. Great stuff!

[queenofcondiments]

Thank you for the thorough tutorial!! Love it! Most Grateful! :)

[John_GGG]

Recent transactions feature is a good one. Advanced transaction excellent.

[moderndwellingsofGeorgia]

May I ask a question? In the new interface for Chart of Accounts, how do you associate an expense account with an income account? We're a home builder that does cost-plus, so each vendor invoice we pay has to be billed to our client. There is no "use for billable expenses" checkbox. How do you now make the association? Note: QBO Plus version, on a Mac with Chrome. Thanks.

[alanmeza]

I need help with tracking rental equipment inventory which I cannot figure out how to do in quickbooks online

[anklebreaka]

Ummm why is that intro beat so 🔥 🤔 LOL

[israelalvarado]

Hello. Subscriber here. Do you have any videos that show how to use the “check list client” “ needs assessment “ from quickbooks ? You know the part where you sit down and ask question to the client and based on Their answers you suggest the type of service they need. Maybe understand some of the questions they have listed in the form . Cause I don’t even understand some of those questions. And we don’t want to ask a question we don’t even understand .

[ensiyehkhosropour]

I synced the bank account to the quickbooks but i see in most of the cases the entries came in as received deposits instead of spent expense. What should i do to fix please????

[lindamoss]

On Desktop 22 plus I can keep my memorized transactions open while also dealing with customers. Can I do that with QBO? I work for Pest control company.

[SignsDoneFast]

How can we see Transaction of dashboard or set it up on dashboard to see???

[amandadudding]

I work for a landscaping company and the employees are often not regulars and they want cash. How do I track this in my chart of accounts?

[valeryguptill]

Which online courses do you have for basic bookkeeping

[taramobayen]

Hi Seth, Good morning and hope you are doing well. I have to chnage all my stuff from manual excel sheet eateries to quick books online but the structure how I set it up is important for me to do it right from the beginning as I have us and canada and different partners w different projects. I would like to speak with you on zoom or on phone if possible. Please let me know if you are available.
Thank you so much, Tara

[beandavid]

I am 2:30 into the video and not a word on using QB. I am looking for a tutorial, not a commentary.

[melissapuckett]

Hi, I am not able to open the link below for the 8 must reports. Is there another way to acess? Thank you.

[swiftblackninja]

You’re Not teaching anything, Just selling your course. This is A waste of time if your not gonna spend the money on his course