Planning & Budgeting with QuickBooks 2012

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How to Manage with a QuickBooks 2012 Budget

After you record your budget in QuickBooks 2012, you can compare your actual financial results to budgeted amounts by choosing commands from the Budgets & Forecasts submenu that QuickBooks displays. When [more…]

The QuickBooks 2012 Decision Tools

If you’re a professional accountant, you probably don’t use the Decision Tools command in QuickBooks 2012. However, you should know that some earlier versions of QuickBooks [more…]

Create an Accountant’s Copy of the QuickBooks Data File

QuickBooks 2012 makes it easier for accountants to work with client data files. Your client creates the accountant’s copy of the QuickBooks data file by using his version of QuickBooks and the real data [more…]

Electronically Sending the Accountant's Copy of the QuickBooks 2012 Data File

Your client can send electronically a copy of the QuickBooks 2012 accountant's copy using Intuit's file transfer service. To do this, the client chooses File→Accountant’s Copy→Client Activities→Send File [more…]

How to Use the Accountant's Copy of the QuickBooks 2012 Data File

Regardless of whether the client manually transmits an accountant's copy of the QuickBooks 2012 data file, e-mails an accountant's copy, or sends an accountant's copy via the Intuit file transfer service [more…]

Export Client Changes from the QuickBooks 2012 Data File

After you’ve used an accountant’s copy of the QuickBooks 2012 data file to correct transactions or to enter new transactions, you export the changes so that they can later be imported into the client’s [more…]

Import Accountant's Changes to the QuickBooks 2012 Data File

Your client imports the changes that you’ve made in the accountant’s copy of the QuickBooks 2012 data file into her working copy of the data file. In order to do this, the client chooses the File→Accountant’s [more…]

Top-Line Budgeting with QuickBooks 2012

Top-line budgeting is a very useful and common budgeting tactic that you should get to know before working with QuickBooks 2012. A top-line budget is the simplest budget technique available. A top-line [more…]

Zero-Based Budgeting with QuickBooks 2012

Zero-based budgeting is a very useful and common budgeting tactic that you should get to know before working with QuickBooks 2012. Zero-based budgeting is the opposite of top-line budgeting. A zero-based [more…]

Benchmark Budgeting with QuickBooks 2012

One very powerful but unfortunately infrequently used budgeting technique is benchmarking. You should know how to use benchmarking when budgeting with QuickBooks 2012. Benchmarking compares your actual [more…]

Create a New Budget with QuickBooks 2012 Set Up Budgets Window

After you’ve come up with a budget by employing budgeting tactics, you record your budget in QuickBooks 2012. To create a new budget in QuickBooks, follow these steps: [more…]

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…]

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…]

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