Bonus Chapter: Advanced Company Setup

Preview · from QuickBooks Online Step-by-Step

In this chapter

• Migrating an Existing QuickBooks Desktop file to QuickBooks Online
• Starting a New QuickBooks Online File From Scratch for an Existing Company
• Step 1: Choosing a Start Date
• Step 2: Create the Company Subscription and Customize the Settings
• Step 3: Setting Up the Chart of Accounts and Other Lists
• Step 4: Entering Opening Balances
• Step 5: Entering Open Transactions
• Step 6: Entering Year-to-Date Income and Expenses
• Step 7: Adjusting Sales Tax Payable
• Step 8: Adjusting Inventory and Setting Up Fixed Assets
• Step 9: Set Up Payroll with YTD Payroll Information
• Step 10: Verifying Your Trial Balance
• Step 11: Closing Opening Balance Equity
• Step 12: Setting the Closing Date