Author: Quick Books

Setting up QuickBooks involves choosing a plan, entering core business info (name, type, tax ID), connecting bank accounts for auto-import, and customizing your Chart of Accounts (income/expense categories). Key steps include setting up Products & Services for sales tracking (name, price, income account) and configuring settings for expenses and sales. For professional help, you can utilize QuickBooks Live or hire a certified QuickBooks ProAdvisor.

The usage limit is something for which users are always patient. Earlier, it used to be QuickBooks Desktop, where we used to get the message like “you have exceeded the limits of the software, you need to upgrade to the next level.” But the same approach is now taking effect in QuickBooks Online. In the very beginning of 2019, this usage limit was introduced in QBO. These limits determine how many users, classes, locations, and chart of accounts elements you have. You will be able to stay in your plan, even if you have exceeded your plan usage limit, up to six months after introducing these limits.

This tutorial will cover everything, starting with setting up QuickBooks for your business. We will cover how to record your income and expenses. And, also, you’ll get to know how to manage bank and credit card transactions, and how to run financial statements. From each QuickBooks tutorial, you’ll get a detailed concept in each lesson. In case if you are a seasoned QuickBooks Online user, then feel free to take the QuickBooks tutorial in any order that you prefer.

QuickBooks Payroll is particularly designed for small business owners. Basically, it is designed for 50 employees, but due to potential fees, it is best suited for 15 or fewer employees. The application provides three plans, and you can move to the next plan if you want to get more product functionality. Remember, it is not necessary to use the QuickBooks application if you want to use QuickBooks Payroll.

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