QuickBooks Online gives you the option to connect your bank accounts directly to the software. By connecting them, you can easily track both income and expenses in QuickBooks Online automatically, reducing the amount of data entry required. It’s quick and easy to automatically import your business data to your QuickBooks Online app, so you don’t have to start from scratch.

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See articles customized for your product and the structure of the saxophone join our large community of QuickBooks users. Read articles and quick start guides to help your business grow and thrive. Get help and links to useful resources from other small businesses using QuickBooks. Stay informed on the top business tech stories with Tech.co’s weekly highlights reel. The “History by account” button is visible on the upper righthand corner here.

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Then, after your transactions have been downloaded, you’ll just need to approve how they’ve been categorized. This is the first thing you’ll see when you log into your QuickBooks account online, and it’s from the dashboard that you can navigate to everything you’ll ever need as a QuickBooks user. Spend some time looking at the different menus in the dashboard, getting to understand where you can find everything. Paperwork can be intimidating, but it doesn’t have to be if you use the right tools. QuickBooks Online is one of the most feature-rich, but easy-to-use accounting solutions on the market, and can help to make the process infinitely smoother. Your accountant can then navigate to the main “Reconcile” page and select the “History by account” button on the upper-right corner.

In order to make your invoices stand out to your customers and get paid quicker, be sure to set up your invoice preferences prior to sending out your first invoice. You can repeat these three steps for each account you wish to connect. Connecting your bank or financial institution also ensures that your account balances are current and reports are accurate. If you need to undo an entire reconciliation period, this can only be done in QuickBooks Online Accountant. Otherwise, you can manually undo transactions one by one by following these steps. You can categorise your payroll expenses so you can easily see exactly what proportion of your monthly spending is on staff wages, and you don’t need to worry about keeping another system updated.

With QuickBooks Online you can access your accounts anywhere, at any time. But it also connects with thousands of compatible apps, available in the QuickBooks App Store, guaranteed to make your life easier, with 86% of QuickBooks customers agreeing that apps save them time. From expense management to QuickBooks cash flow forecasting, you can choose a selection of apps that will streamline your processes and make it easier to stay on top of your business finances. Whilst you’re updating your company information, you can also tweak your financial preferences in this part of your QuickBooks Online account from the sales, expenses and advanced tabs. Update things like your credit card payments, invoice automation, VAT details and your company’s year-end date so all the information is accurate for your reports.

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1. We can also offer deals on the best payroll software solution on the market.
2. You can sync your QuickBooks Online account with your bank accounts and credit cards at this stage.
3. If you want to enter the bill to be paid when it’s due, you’ll want to use QuickBooks Online’s accounts payable feature, which you can access by clicking on the Bill feature in the application.
4. Learn about how to add a new supplier to save time, edit supplier information and add columns and sort the Supplier List to get more insight.
5. We rate QuickBooks Payroll highly and it will appear as the “Payroll” tab on your dashboard if you use it.

We rate QuickBooks Payroll highly and it will appear as the “Payroll” tab on your dashboard if you use it. Terms, conditions, pricing, special features, and service and support options subject to change without notice. QuickBooks Payments private banking mortgage lending and financing account subject to credit and application approval. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. Once you set up your bank connection, you can start categorizing all imported transactions.

To do this, simply head to ‘Accounting’ in the dashboard, then click on ‘Chart of Accounts’. Select ‘New’, then ‘Expense’ or ‘Other Expense’ for ‘Account Type’. Choose a ‘Detail Type’ and then add the name of your new expense category, including a description.

Whether you’re a new user or a pro, get your questions answered with one of our free, live webinars. Get a feel for what QuickBooks can do and try out top features using our sample company. As a new user, the first thing you’ll have to do is set up QuickBooks Online for your business. If you’re not sure where to start, take a gross vs. net income moment to learn about the basics. Our handy Getting Started tool has everything you need to get setup on the features that are important to you.