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QuickBooks Online For Dummies, 2024 Edition
book

QuickBooks Online For Dummies, 2024 Edition

by David H. Ringstrom
November 2023
Beginner content levelBeginner
464 pages
10h 41m
English
For Dummies
Content preview from QuickBooks Online For Dummies, 2024 Edition

Chapter 22

Ten Common Journal Entries

IN THIS CHAPTER

Bullet Adjusting asset and liability accounts

Bullet Recording recurring fees, petty cash expenditures, and payroll

Bullet Recording and applying prepaid expenses

Bullet Allowing for and writing off bad debt

Bullet Posting depreciation

QuickBooks goes to great lengths to shield users from as much accounting as possible, but in this chapter you roll up your sleeves and do some old-school accounting in the form of journal entries. The good news is that journal entries are typically a tiny percentage of the transactions you enter into QuickBooks — if you even have to do it at all. I start by showing you how to get to the journal entry screen and record a journal entry in general terms. Then you work through ten common journal entries.

Tip You may be surprised to learn that behind the scenes every transaction you input into QuickBooks is transformed into a journal entry. ...

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Publisher Resources

ISBN: 9781394206513Purchase Link