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Stephen L. Nelson - QuickBooks 2020 For Dummies

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Stephen L. Nelson QuickBooks 2020 For Dummies

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The perennial bestsellernow in a new edition

QuickBooks allows small businesses to manage their own accounting and financial management taskswithout needing to hire expensive financial professionals. This perennial bestseller is here to show you step by step how to build the perfect budget, simplify tax return preparation, manage inventory, track job costs, generate statement and financial reports, and every other accounting-related task that crosses your desk.

Written by CPA Stephen L. Nelson, it shows you how to get the most out of the software that helps over six million small businesses manage their finances.

  • Handle your financial and business management tasks more effectively
  • Get the most out of QuickBooks features
  • Create invoices and memos with ease
  • Pay bills, prepare payroll, and record sales receipts
  • If you use QuickBooks at workor want to implement it in 2020this book has you covered.

    Stephen L. Nelson: author's other books


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    QuickBooks 2020 For Dummies Published by John Wiley Sons Inc 111 River - photo 1

    QuickBooks 2020 For Dummies Published by John Wiley Sons Inc 111 River - photo 2

    QuickBooks 2020 For Dummies

    Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com

    Copyright 2020 by John Wiley & Sons, Inc., Hoboken, New Jersey

    Published simultaneously in Canada

    No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions .

    Trademarks: Wiley, For Dummies, the Dummies Man logo, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and may not be used without written permission. QuickBooks is a registered trademark of Intuit, Inc. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc. is not associated with any product or vendor mentioned in this book.

    LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZATION OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE OF FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS WORK MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND WHEN IT IS READ.

    For general information on our other products and services, please contact our Customer Care Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002. For technical support, please visit https://hub.wiley.com/community/support/dummies .

    Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com . For more information about Wiley products, visit www.wiley.com .

    Library of Congress Control Number: 2019950775

    ISBN: 978-1-119-58969-3 (pbk); 978-1-119-58975-4 (ebk); 978-1-119-58984-6 (ebk)

    QuickBooks 2020 For Dummies
    To view this book's Cheat Sheet, simply go to www.dummies.com and search for QuickBooks 2020 For Dummies Cheat Sheet in the Search box.
    Table of Contents
    List of Tables
    1. Chapter 1
    2. Chapter 2
    3. Chapter 15
    4. Chapter 19
    5. Chapter 20
    6. Chapter 22
    List of Illustrations
    1. Chapter 2
    2. Chapter 3
    3. Chapter 4
    4. Chapter 5
    5. Chapter 6
    6. Chapter 7
    7. Chapter 8
    8. Chapter 9
    9. Chapter 10
    10. Chapter 11
    11. Chapter 12
    12. Chapter 13
    13. Chapter 14
    14. Chapter 15
    15. Chapter 16
    16. Chapter 17
    17. Chapter 18
    18. Chapter 21
    19. Chapter 23
    Guide
    Pages
    Introduction

    Running a small business is one of the coolest things a person can do. Really. I mean it. Sure, sometimes the environment is dangerous kind of like the Old West but its an environment in which you have the opportunity to make tons of money. And its also an environment in which you can build a company or a job that fits you perfectly.

    By comparison, many brothers and sisters working in big-company corporate America are furiously trying to fit their round pegs into painfully square holes. Yuck.

    Youre wondering, of course, what any of this has to do with this book or with QuickBooks. Quite a lot, actually. The whole purpose of this book is to make it easier for you to run (or work in) a small business by using QuickBooks.

    About This Book

    As you start your reading, though, I want to tell you a couple of things about this book.

    First off, know that I fiddled a bit with the Windows and QuickBooks display settings. I noodled around with the font settings and some of the colors, for example. The benefit is that the pictures of the QuickBooks windows and dialog boxes in this book are easier to read. And thats good. But the cost is that my pictures look a little bit different from what you see on your screen. And thats not good. In the end, however, what the publisher found is that people are happier with increased readability.

    Next point: To make the best use of your time and energy, you should know about the conventions that I use in this book. Those conventions are as follows:

    • When I want you to type something, such as With a stupid grin, Martin watched the tall blonde strut into the bar and order grappa, its in bold type. When I want you to type something thats short and uncomplicated, such as Jennifer, it still appears in boldface type.
    • Except for passwords, you dont have to worry about the case of the letters you type in QuickBooks. If I tell you to type Jennifer, you can type JENNIFER or follow poet e. e. cummingss lead and type jennifer.
    • Whenever I tell you to choose a command from a menu, I say something like Choose ListsItems, which simply means to first choose the Lists menu and then choose Items. Theseparates one part of the command from the next part.
    • You can choose menus, commands, and dialog-box elements with the mouse. Just click the thing you want.
    • When I provide step-by-step descriptions of tasks something I do regularly within the pages of this tome I describe the tasks by using bold text and then, below the boldfacing, give a more detailed explanation. You can skip the text that accompanies the step-by-step boldface directions if you already understand the process.
    Foolish Assumptions

    I make three assumptions about you:

    • You have a PC running Microsoft Windows. (I took pictures of the QuickBooks windows and dialog boxes while using Windows 10, in case youre interested.)
    • You know a little bit about how to work with your computer.
    • You have or will buy a copy of QuickBooks for each computer on which you want to run the program.

    QuickBooks 2020 For Dummies - image 3 This book works for QuickBooks 2020 (and with the equivalent version of QuickBooks Enterprise Solutions, which is named Enterprise Solutions 20), although in a pinch, you can probably use it for QuickBooks 2018 or 2019 too. (I have to say, however, that if you have QuickBooks 2018, you may want to return this book and trade it in for

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