QuickBooks 2016 All-in-One For Dummies

Chapter 1

For Accountants Only

In This Chapter

• Managing QuickBooks journal entries
• Keeping company information up to date
• Handling memorized transactions
• Working with Accountant & Taxes reports
• Making an accountant’s copy of the QuickBooks data file
• Issuing client data review commands

In this short chapter, I want to quickly go over stuff that accountants need or want to know. Because I assume that you’re an accountant, I go a little faster here than I do in other chapters of this book. Also, I don’t provide blow-by-blow instructions for working with the windows and dialog boxes that this chapter discusses.

If you find yourself just a wee bit frustrated with me at this point, go ahead and peruse the paragraphs of this chapter — keeping in mind that what I discuss in this chapter is pretty advanced accounting stuff. You don’t want to do the things that this chapter talks about unless you really know your debits and credits. And if you do know your debits and credits, you should find the information I provide here to be all that you need.

Working with QuickBooks Journal Entries

QuickBooks makes it easy for you — an accountant — to record journal entries. If you’ve spent any time working with QuickBooks, you may know that most of the journal entries that get recorded in the QuickBooks data file are recorded automatically. If somebody writes a check, for example, QuickBooks records the journal entry for that. When somebody creates an invoice, again, QuickBooks records the ...