QuickBooks 2012

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Work with Existing Budgets in QuickBooks 2012

Whether you've created your own budget, or someone else has created a budget for you or your company to follow, QuickBooks 2012 has the tools to help you work with [more…]

How to Turn on Class Tracking in QuickBooks 2012

To use activity-based costing (ABC) in QuickBooks 2012, you need to turn on the QuickBooks Class Tracking feature. Class Tracking lets you categorize income and expense transactions as falling not just [more…]

Classes for Activity-Based Costing in QuickBooks 2012

After you turn on Class Tracking in QuickBooks 2012, using classes is really straightforward. You set up classes for the product lines or service lines for which you want to measure profitability. You [more…]

How to Set Up a QuickBooks 2012 Job

Many businesses work on projects or jobs. Accounting may work a bit differently when a firm organizes its work into projects or jobs. To set up a QuickBooks 2012 job, choose the Customers→Customer Center [more…]

Track Job or Project Costs in QuickBooks 2012

After you set up a job on the Customer:Job List in QuickBooks 2012, you track the income and expenses associated with the job. To do this, you enter the customer and job name [more…]

Job Cost Reporting in QuickBooks 2012

If you choose the Reports→Jobs, Time & Mileage command, QuickBooks 2012 displays a submenu of almost two dozen different reports that supply job costing information. The report titles are pretty self-explanatory [more…]

How to Use Job Estimates in QuickBooks 2012

If you’ve told QuickBooks 2012 that you want to create estimates — you do this during the QuickBooks setup — you can create job estimates of amounts you later invoice. [more…]

Progress Billing and QuickBooks 2012

Progress billing occurs when you actually invoice, or bill, a customer for a portion of an amount that you’ve previously estimated. For example, take a peek at the QuickBooks 2012 Create Estimates window [more…]

Ratio Analysis and QuickBooks 2012

Numbers from your financial statements in QuickBooks 2012 make more sense when you can compare them to other numbers and external benchmarks. Ratio analysis [more…]

Liquidity Ratios and QuickBooks 2012

Liquidity ratios, one of several types of ratios you can use in QuickBooks 2012, measure how easily and comfortably a firm can pay its immediate financial obligations and exploit immediate short-term [more…]

Debt Ratio in QuickBooks 2012

The debt ratio is one of the leverage ratios you can use in QuickBooks 2012. The debt ratio simply shows the firm’s debt as a percentage of its capital structure. The term [more…]

Debt Equity Ratio in QuickBooks 2012

The debt equity ratio is one of the leverage ratios you can use in QuickBooks 2012. A debt equity ratio compares a firm’s long-term debt with a stockholder’s equity or owner’s equity. Essentially, the [more…]

Times Interest Earned Ratio in QuickBooks 2012

Several leverage ratios can be used in QuickBooks 2012. The times interest earned ratio indicates how easily a firm pays interest expenses incurred on its debt. To calculate the times interest earned ratio [more…]

Fixed-Charges Coverage Ratio in QuickBooks 2012

The fixed-charges coverage ratio is one of several leverage ratios can be used in QuickBooks 2012. The fixed-charges coverage ratio resembles the times interest earned ratio. The fixed-charges coverage [more…]

Activity Ratios in QuickBooks 2012

Activity ratios provide an indication of how efficiently a firm runs its operations. In QuickBooks 2012, you can use activity ratios to help manage your company's assets. For example [more…]

Inventory Turnover Ratio and QuickBooks 2012

You can use several activity ratios to help manage your assets in QuickBooks 2012. The inventory turnover ratiomeasures how many times in an accounting period the inventory balance sells out. The formula [more…]

Days of Inventory Turnover Ratio and QuickBooks 2012

The days of inventory turnover ratio is one of several activity ratios you can use to help manage your assets in QuickBooks 2012. The days of inventory ratio resembles the inventory turnover financial [more…]

Average Collection Period Ratio and QuickBooks 2012

QuickBooks 2012 and several different activity ratios can help manage your assets. The average collection period ratioshows how long it takes for a firm to collect on its receivables. You can think about [more…]

Asset Turnover Ratios and QuickBooks 2012

Two different activity ratios can help manage your assets in QuickBooks 2012 — the fixed asset turnoverratio and the total assets turnover ratio. The fixed asset turnover ratio quantifies how efficiently [more…]

Gross Margin Percentage Ratio and QuickBooks 2012

The gross margin percentage ratio is one of several profitability ratios you can use along with QuickBooks 2012 to analyze your profitability. Also known as the [more…]

Return on Assets Ratio and QuickBooks 2012

The return on assets ratio is one of several profitability ratios you can use along with QuickBooks 2012 to analyze your profitability. The return on assets [more…]

Return on Equity Financial Ratio and QuickBooks 2012

The return on equity financial ratio is one of several profitability ratios you can use along with QuickBooks 2012 to analyze your profitability. The return on equity financial ratio [more…]

Profitability Ratios and QuickBooks 2012

Profitability ratios analyze a firm’s profitability, and you can use them in QuickBooks 2012. In a sense, these profitability ratios are the most important ratios that you can calculate. They typically [more…]

The Logic of Economic Value Added Analysis

You need to understand Economic Value Added analysis (EVA) to get the most out of QuickBooks 2012 when it comes to managing your business. Economic Value Added analysis states in a formula something you [more…]

Economic Value Added Analysis in Action

EVA analysis has two variations. The simple version of EVA analysis is called an equity-based EVA, and you can use the information that you create with QuickBooks to perform this type of EVA analysis. [more…]

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