Chapter 23. Configuring Preferences to Fit Your Company
An organizationâs approach to accounting often depends on its business objectives, policies, procedures, and the industry in which the organization operates. Maybe you want inventory tracking and payroll or maybe you donât. The way you and your accountant like to work also influences your organizationâs accounting practices. For instance, you might prefer the simplicity of cash accounting or the more intimate pairing of income and expenses that accrual accounting offers (see Accounting BasicsâThe Important Stuff).
Enter QuickBooks, an accounting program with the Herculean task of satisfying every nuance of business operation and personal proclivity. QuickBooks preferences are configurable settings that accommodate different business styles and personal tastes. During installation, QuickBooks picks the settings likely to work for a majority of organizations. And if you set up your QuickBooks file using the EasyStep Interview (About the EasyStep Interview), you might already have most preferences set the way you want.
But you can reset preferences to control all sorts of QuickBooks behaviors and features, such as whether you create estimates for jobs you go after or how you calculate the amount of inventory thatâs available. Preferences also let you turn on QuickBooksâ features, such as inventory and payroll. Using QuickBooks for a while can make it clear which preferences you need to change. This chapter presents ...
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