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Published:
January 2, 2020

QuickBooks 2020 All-in-One For Dummies

Overview

The quickest way to do the books for small business owners and managers

No one looks forward to doing the finances: that’s why QuickBooks 2020 All-in-One For Dummies is on hand to help get it over with as quickly and painlessly as possible. This comprehensive one-stop reference combines 8 mini-books in one, all written in plain and simple language that makes it easy for even the most accounts-averse to get the most out of the latest version of the QuickBooks software and save time.

Written and revised by financial expert Stephen Nelson, the latest version of this invaluable

guide takes readers step-by-step through every aspect of small business accounting procedures, including understanding the fundamentals of double-entry bookkeeping, setting up and administering the QuickBooks system, and carrying out complex tasks such as ratio analysis and capital budgeting.

  • Write a business plan and create a forecast
  • Learn how to use profit-volume-cost analysis tools
  • Prepare financial statements and reports
  • Protect your financial data

Time is money—get this time-saving resource today and start reaping the rewards!

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About The Author

Stephen L. Nelson, MBA, CPA, MS in Taxation, is a CPA in Redmond, Washington, where he provides accounting, business advisory, and tax planning and preparation services to small businesses. He is the bestselling author of 100-plus books about how to use computers to manage personal and business finances.

Sample Chapters

quickbooks 2020 all-in-one for dummies

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Articles from
the book

A critically important task that either you or some co-worker needs to complete is a backup of the QuickBooks data file. Few items stored on your computer’s hard drive deserve as much caretaking as the QuickBooks data file does. Quite literally, the QuickBooks data file describes your business’s financial affairs.
If you find that the working copy of the QuickBooks data file becomes corrupted or gets destroyed, you need to restore the QuickBooks data file so that you can begin using QuickBooks again. Restoring the QuickBooks data file is easy if you’ve recently backed it up. If you haven’t recently (or ever) backed up the QuickBooks data file, you’ll have to restore the QuickBooks data file, which means starting over.
If more than one person will be using QuickBooks, you want to set up additional users. You aren’t limited to using one password to control access to your QuickBooks data file. You can set up several passwords for the QuickBooks data file. What’s really neat about this practice is that you can tell QuickBooks to allow certain users and passwords to do only certain things.
After you come up with a budget, you need to record your budget in QuickBooks. To create a new budget in QuickBooks, follow these steps: 1. Choose Company→Planning and Budgeting→Set Up Budgets. QuickBooks opens the Create New Budget dialog box, shown in the following figure, which you use to create a new budget.
The QuickBooks file condense process does two things. The QuickBooks Condense command creates a permanent copy of the QuickBooks data file. (This copy is called an archival copy of the file.) The file condense process also makes the data file smaller by summarizing many old closed, detailed transactions that use monster journal entries.
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