Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
1
0
2465
on Updated - last edited by
LisaNullar
Are you starting out with QuickBooks Online and don’t know where to begin?
You’re in luck! Today I want to introduce you to Travis, a Tier 3 Supportability Specialist for QuickBooks Online. When it comes to getting started with a new QBO account, you may feel a bit overwhelmed and that’s ok. There are many moving pieces to consider, but that’s why Travis is here to provide you with his top 3 focus areas to prioritize when starting from scratch.
Let’s take a look at what he recommends. 💡
1. Start by connecting a bank or credit card account
In QuickBooks Online, your accounts are the foundation of everything since all of your transactions will take place inside of them. Getting any accounts you have connected first thing will allow you to properly track all of your income and expense so that when it comes to reconciling your accounts, you are not left with any missing transactions. Doing this also allows you to add and categorize transactions for your company by approving them in the accounts bank feed section.
The good news is that having your account(s) connected will make it so you don’t have to manually enter any transactions, which can sometimes lead to errors.
Quick Note: You can connect as many business and personal accounts as you want.
For a step-by-step guide on how to quickly connect your bank accounts, navigate to this article. You can also check out this quick help with QuickBooks video series on Online banking here!
2. Prioritize setting up sales tax
Most of you likely utilize QuickBooks Online for the purpose of managing your business and tracking the products and services that you provide. Whenever products and services are involved, so are sales taxes.
One common mistake many make is not setting up sales tax correctly at the very beginning. In turn, this causes a trickle-down effect on the taxes that are collected and the ones that are owed. Going through the process of setting up sales tax, will help alleviate future headaches that may arise due to improper calculations.
Quick Tip: Utilizing the auto sales tax feature is an added benefit as it will allow sales tax to be tracked automatically based on both the customer’s and business’s location. How neat is this?!
3. learn how to customize invoices, estimates, and sales receipts
Last but not least and probably one of the most fun things to set up, is customizing your sales forms and estimates. This is where you will be able to add your own style and uniqueness to your company by utilizing our custom forms option. From this point, you’ll be able to add additional fields on your invoice, as well as customize the color and font. The best part is being able to upload a custom logo as well.
Another great resource to check out is this video on Invoices that covers tips and tricks on some of the most asked questions on this topic!
With this final element of creating a unique look and feel for your business, you are now on your way to delivering a great experience for both you and your customer. I hope this was helpful and as always, please feel free to reach out here in the community for any questions! 👋
