Mastering QuickBooks Online (2021)

Connect a bank account in QuickBooks Online via the Banking Center and download transactions. Map the account to your QuickBooks chart of accounts and choose a date range for import.

Learn how to review and reconcile bank transactions in the Banking center of QuickBooks Online, apply rules to automate categorization, and maintain control by confirming each entry before posting.

Reconcile bank accounts in QuickBooks Online by matching beginning and ending balances, reviewing bank feed transactions, and correcting discrepancies for a fully reconciled month.

Explore the QuickBooks Online dashboard to access Get things done, shortcuts, and widgets like cash flow and profit and loss. Reorder accounts and use the privacy button to tailor views.

Track business miles in QuickBooks Online with the mileage center dashboard, enter trips and vehicle details, and view potential tax deductions based on the current IRS mileage rate.

Explore how the expenses and vendors tabs organize payments, bills, and vendor data, including filtering, creating new vendors, tracking 1099s, notes, attachments, and custom fields.

Differentiate bills from expenses in QuickBooks Online, and enter future payments as bills to manage accounts payable, or expenses for items already paid. Attach receipts and select the proper category.

Learn how to pay bills in QuickBooks Online (2021) by selecting bank or credit card, printing checks, and scheduling online payments, including handling starting check numbers and test printing.

Discover how QuickBooks Online helps you manage purchase orders inside the system, from turning on purchase orders in settings to converting a PO into a bill and tracking inventory.

Learn how to create a new customer in QuickBooks Online, manage customer details, tax settings, payment methods, and parent-child customer relationships from the customer center.

Learn to set up inventory, non-inventory, service items, and bundles in the products and services list, assign prices, accounts, tax categories, and vendor details for accurate invoices.

Learn how to manage sales tax in QuickBooks Online's sales tax center, including accrual vs cash basis, setting default rates, combining state and county rates, and recording payments.

Enable the automated sales tax center to calculate sales tax by location and set up business location and tax agencies. Create invoices, view the tax return, and file monthly payments.

Learn to create invoices or sales receipts, populate customer data and tax details, attach documents, preview the invoice, and set it to recur or automatically send with online payments.

Record a customer payment in QuickBooks Online by using receive payment, matching to the invoice, applying a credit memo if needed, and posting to undeposited funds.

Record deposits in QuickBooks Online using Undeposited Funds, add a commission check, and post to the correct bank account; verify via the bank register.

Learn how to record barter transactions in QuickBooks by offsetting a vendor bill and a customer invoice using a clearing account, ensuring accurate income and expenses.

Learn to handle returned payments in QuickBooks Online by recording a returns and allowances entry as a bank reduction, bank charges, and reinvoicing the customer with a markup.

Learn methods to record customer advanced payments in QuickBooks Online: negative accounts receivable and deposits to undeposited funds, and why deposits belong in a liability account until revenue is recognized.

Learn to manage customer advance payments in QuickBooks Online by setting up a deposits liability and service item, then using estimates, sales receipts, and invoices to track deposits and revenue.

Enter expenses as billable, apply markup, and invoice the customer in QuickBooks Online, keeping the markup hidden. Also remove legacy billable charges and avoid using them for inventory items.

Discover how to access and customize QuickBooks Online reports, including profit and loss, balance sheet, and accounts receivable aging, using favorites, date ranges, display options, comparisons, charts, and export methods.

Learn to customize QuickBooks Online reports by drilling down to transactions, grouping by customer, choosing columns, applying filters, and saving and sharing personalized reports.

Search QuickBooks Online using the magnifying glass and advanced search to locate transactions quickly. Filter by all transactions or all transaction lines with amount, date, memo, or line description.