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QuickBooks 2024 All-in-One For Dummies
book

QuickBooks 2024 All-in-One For Dummies

by Stephen L. Nelson, Christian Block
November 2023
Beginner content levelBeginner
640 pages
16h 20m
English
For Dummies
Content preview from QuickBooks 2024 All-in-One For Dummies

Chapter 3

Special Accounting Problems

IN THIS CHAPTER

Bullet Sorting out accounts receivable and accounts payable

Bullet Keeping track of inventory

Bullet Figuring out fixed assets

Bullet Finding out about asset write-downs

Bullet Recognizing liabilities

Bullet Handling revenue and expense account closings

Even if you understand the principles of accounting (which I describe in Book 1, Chapter 1) and the basics of double-entry bookkeeping (which I describe in Book 1, Chapter 2), you still may not have all the information that you need to keep good records. Tracking the amounts that customers owe you and the amounts that you owe vendors can be a bit tricky, for example. Inventory can also present challenging record-keeping problems — a fact that’s not surprising to you as a retailer. And things like fixed assets … oh, don’t even get me started.

For these reasons, this chapter describes the most common complexities that business ...

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Publisher Resources

ISBN: 9781394206353Purchase Link