Udemy Notes

1. Creating Chart of Acts:
   • left panel, Accounting>Chart of Acts
2. Creating Customers And Maintaining Customer Information:
   • On the left panel, select Sales>Customers
3. Create a Supplier:
   • On the left panel, select Expenses>Suppliers
4. Adding to the Chart Of Accounts:
   • On the left panel, select Menu>Transactions>Chart of Accounts>New(top-right)
5. Access reports such as the Profit & Loss Statement:
   • On the left panel, select Reports>Reports
6. Create a Customer Invoice And Email It!:
   • On the left panel, select “+ New”>Invoice
7. Create a Sales Receipt:
   • On the left panel, select “+ New”>Customers>Sales Receipt
8. Create a Bill From A Vendor:
   • On the left panel, select “+ New”>Bill
9. Record a Payment To A Supplier:
   • On the left panel, select “+ New”>Pay bills
10. Gear Icon on top-right give additional settings

Customers: How to Set Up Customers, Send Invoices, …

1. Create Product Lines & Services Lines to sell:
   • On the left panel, select Sales>Product and Services>New (top-right-green button) Allows you to set up $/hr.
2. Create Estimate:
   • On the left panel, select “+ New”>Customers>Estimate
3. Create Credit Memo For adjusting bills using a new separate invoice:
   • On the left panel, select “+ New”>Customers>Estimate
4. How to Receive Payment from Customer:
   • On the left panel, select “+ New”>Customers>Estimate
5. Create Sales Receipt:
   • On the left panel, select “+ New”>Customers>Sales receipt

Section: Supplies/Vendors Setup, etc

Up Customers, Send Invoices, and…

1. How to Input A Bill From A Supplier:
   • On the left panel, select “+ New”>Vendors>Bill, set bill number from invoice, choose the category of the expense,
2. Recording Payment To A Supplier:
   • On the left panel, select “+ New”»Vendors>Pay Bills,
3. Recording an Expense in QuickBooks;
   • On the left panel, select “+ New”>Vendors>Expense,

Reconciling Bank accounts

1. Recording an Bank Feed - Linking Your Bank Account To QBO:
   • On the left panel, select “+ New”>Bank Transactions>Link Account>Choose Bank>…
2. Recording an Bank Feed - Adding Bank Transactions To QBO:
   • On the left panel, select “+ New”>Vendors>Expense,
3. How to Reconcile Bank Acts:
   • First obtain bank statement, On the top-right gear, Tools>Reconcile>Enter $ and dates
4. Bank Feed - Matching Bank Transactions:
   • Bank Transactions>Goto Category or Match>Choose transaction>Match>View>Match
5. Bank Reconciliation - Reconciling Bank Accounts And Credit Card Accounts:
   • Bank Transactions>Goto Category or Match>Choose transaction>Match>View>Match