QuickBooks 2012

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Using the ALT Key in QuickBooks

Every command in QuickBooks includes an underlined letter. To execute these commands, just press the Alt key, followed by each relevant letter. Here's an example: [more…]

QuickBooks 2012 User Interface Tricks

Using QuickBooks 2012 with confidence helps you maximize your efficiency with bookkeeping and accounting tasks. Quickly navigating the QuickBooks 2012 software is easy with these tips and techniques: [more…]

QuickBooks 2012 Keyboard Shortcuts

Using QuickBooks 2012 keyboard shortcuts will make your day-to-day small-business accounting easier and faster. Whether you're working with invoices, customer job lists, or the QuickBooks Clipboard, you [more…]

QuickBooks 2012 Calculation and Editing Tricks

QuickBooks 2012 makes it easy to calculate numbers. If the selection cursor is in an amount field, you can use these symbol keys to make quick calculations: [more…]

Right-Click for Common QuickBooks 2012 Tasks

To perform a common QuickBooks 2012 task related to a window, right-click anywhere within the QuickBooks window to display a shortcut menu. In a register, select and right-click a specific transaction; [more…]

Shortcuts from Your Keyboard to QuickBooks Actions

QuickBooks 2012 provides a bunch of handy shortcuts you can use to accomplish important accounting tasks. This table identifies some of the best and most useful QuickBooks shortcuts. [more…]

How to Perform Common QuickBooks Tasks

To perform a common accounting or bookkeeping task in QuickBooks, use these commands. When QuickBooks displays the commands window, you just fill in the boxes and press Enter. [more…]

Right-Click to Display a Menu of Common QuickBooks 2012 Tasks

You can right-click anywhere within a QuickBooks window to display a relevant shortcut menu, allowing you to perform common QuickBooks 2012 tasks quickly. In a register, select and right-click a specific [more…]

User Interface Tips for QuickBooks 2012

You can navigate the QuickBooks 2012 software quickly and easily by using these tricks. Before you begin working with QuickBooks for your small business accounting needs, run through this handy list. [more…]

Keyboard Shortcuts for QuickBooks 2012

Learn these QuickBooks 2012 keyboard shortcuts to save time opening, closing, and working with your business data. QuickBooks shortcuts on your PC ease your business accounting efforts. [more…]

Calculation and Editing Tricks in QuickBooks 2012

QuickBooks 2012 makes calculating numbers simple. Place the selection cursor in an amount field and then use the following symbol keys to make quick calculations. [more…]

The Purpose of Accounting for Working with QuickBooks 2012

The most important thing to understand about accounting in order to make the most of your work in QuickBooks 2012 is that it provides financial information to stakeholders. Every accounting function described [more…]

The QuickBooks 2012 Income Statement

Perhaps the most important financial statement that an accounting system like QuickBooks 2012 produces is the income statement. The income statement is also known as a profit and loss statement. An income [more…]

QuickBooks 20120 Balance Sheet

An important financial statement that an accounting system like QuickBooks 2012 produces is a balance sheet. A balance sheet reports on a business’s assets, liabilities, and owner contributions of capital [more…]

The Equity Section of the QuickBooks 20120 Balance Sheet

The owner’s equity section of a QuickBooks 2012 balance sheet looks different for different types of businesses. The owner’s equity sections look different for partnerships and corporations. [more…]

QuickBooks 2012 Statement of Cash Flows

Don’t spend too much time spinning your wheels trying to understand the QuickBooks 2012 Statement of Cash Flows. QuickBooks does supply a statement of cash flows, but you don’t need to use this statement [more…]

QuickBooks 2012 Accounts Receivable and Inventory Reports

A good accounting system such as QuickBooks 2012 produces most popular or useful reports. For example, one very common report or financial statement is a list of the amounts that your customers owe you [more…]

Principles of Accounting for Working with QuickBooks 2012

Accounting rests on a rather small set of fundamental assumptions and principles, which you need to understand when working with QuickBooks 2012. People often refer to these fundamentals as [more…]

Assumptions of Accounting for Working with QuickBooks 2012

There are principles and assumptions that underlie business accounting and that you need to understand when working with QuickBooks 2012. It’s no exaggeration to say that they permeate almost everything [more…]

The Fiddle-Faddle Method of Accounting

The work of preparing financial statements — called accounting or bookkeeping — requires either a whole bunch of fiddle-faddling with numbers or learning how to use double-entry bookkeeping. To produce [more…]

The Accounting Model of Double-Entry Accounting

Here’s the first thing to understand and internalize in order to use double-entry bookkeeping with QuickBooks 2012: Modern accounting uses an accounting model that says assets equal liabilities plus owner’s [more…]

Mechanics of Double-Entry Bookkeeping

With double-entry bookkeeping, you can calculate the account balance for any account by taking the starting account balance and then adding the debits and credits that have occurred since then. By hand [more…]

A Few Words about How QuickBooks 2012 Works

QuickBooks 2012 makes most of the journal entries for you. For example, when you use QuickBooks to record a $1,000 check that pays Acme Supplies for some paper products that you purchased, QuickBooks automatically [more…]

How to Record a Sale or Payment

In order to use QuickBooks 2012, you must understand how to record payments. Accounting principles state that sales revenue needs to be recognized when a sale is made. And that the sale is made when a [more…]

How to Estimate Bad Debt Expense

One other important journal entry you need to understand to get the most out of QuickBooks 2012 when working with accounts receivable is how to estimate bad debt expense. [more…]

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