SlideShare une entreprise Scribd logo
1  sur  14
Intro to Quickbooks Workshop

             Presented by:
         Mark Engle, Director
MCCD Small Business Development Center
     2400 N. Central Avenue, #104
          Phoenix, AZ 85004
             480-784-0590
Intro to Quickbooks
• Introduction of Speaker
• Rules for the seminar
  – Meet your SBDC
    Counselor
  – Q&A for end
  – Evaluations
Why Accounting?
• Taxes
• Profit or Loss?
• Selling the Business
  someday…
• Last but not least for
  Managing the Business!
  (Managing by the
  numbers)
Should I hire an
 accountant?
 • What is your time
   worth?
 • Would you do your
   own dentistry or
   legal?
 • Getting help to start
 • Bookkeeping vs.
   Accounting
Where do I begin?

  • Keeping track of
    expenses
  • Receipts & Logs
  • Separate accounts for
    business & personal
  • Shoe Box Accounting is
    expensive in the long run
General Recordkeeping
• Revenue & Expense Records
  – Vendor Center
  – Employee Center
  – Customer Center
  – Petty Cash
• Balance Sheet
  – Inventory Tracking
  – Fixed Assets
  – Accounts Payable (bills)
  – Accounts Receivable (credit sales)
General Recordkeeping
    • Mileage, Entertainment,
      Travel
    • Payroll Accounting
    • Customer Lists & Records
    • Financial Statements:
      – Income Statement
      – Cash Flow
      – Balance Sheet
Where to Start with
  Quickbooks

• Chart of Accounts
  – Number your accounts
  – Control who creates accounts
  – QB’s help can help!
• Setup Vendors, Customers &
  Employees through Use
The Financial Statements


     • Balance Sheet
     • Income Statement (P&L)
     • Monitoring performanc
       – Monthly for P&L
       – Compare to budget
     • Cash Flow Statements
Other Considerations

  •   Recordkeeping Schedule
  •   Tax schedules
  •   Records retention
  •   Do you really need
      Quickbooks??
When You Have
    Employees
• Legal Considerations
• Costs involved in
  bookkeeping
• Penalties are severe for non-
  payment of taxes
• Have separate payroll account
  and deposit for employee and
  employer weekly
Accounting Policies

•   #1 – Accounts Payable
•   #2 – Budget & Cost Controls
•   #3 – Cash Flow Management
•   #4 – Reimbursements
Where to go from here

• SBDC Open Labs for video
  tutorial and try the program
• Get professional help
• Have controls in place for
  accounting systems
• Use financial statements to
  make your business succeed!
Intro to Quickbooks
          Presented by:
           Mark Engle
             Director

Maricopa Community Colleges Small
     Business Development Center
    2400 N. Central Avenue, #104
         Phoenix, AZ 85004
            480-784-0590
      www.maricopaSBDC.com

Contenu connexe

Tendances

Clients Annette Brown C.V. 21-07-16
Clients Annette Brown C.V. 21-07-16Clients Annette Brown C.V. 21-07-16
Clients Annette Brown C.V. 21-07-16Annette Brown
 
updated 2016 resume
updated 2016 resumeupdated 2016 resume
updated 2016 resumePeggy Lewis
 
mostafa aly cv (1)
mostafa aly cv (1)mostafa aly cv (1)
mostafa aly cv (1)Mostafa Aly
 
Agnieszka_Der_Perlowska
Agnieszka_Der_PerlowskaAgnieszka_Der_Perlowska
Agnieszka_Der_PerlowskaAgnieszka Der
 
Kelly Hannon-Dalby CV June 2016doc
Kelly Hannon-Dalby CV June 2016docKelly Hannon-Dalby CV June 2016doc
Kelly Hannon-Dalby CV June 2016docKelly Hannon - Dalby
 
NFF_Final Copy 3
NFF_Final Copy 3NFF_Final Copy 3
NFF_Final Copy 3Dhana P
 
SAP Training, QuickBooks, Sage Pastel Peachtree Accounting Software in Nigeria
SAP Training, QuickBooks, Sage Pastel Peachtree Accounting Software in NigeriaSAP Training, QuickBooks, Sage Pastel Peachtree Accounting Software in Nigeria
SAP Training, QuickBooks, Sage Pastel Peachtree Accounting Software in NigeriaOgechi Ndukwe
 
Avalon accountants larger companies
Avalon accountants  larger companiesAvalon accountants  larger companies
Avalon accountants larger companiesPaul Quinan
 

Tendances (20)

FAREEZ CV
FAREEZ CVFAREEZ CV
FAREEZ CV
 
Ravi_CV
Ravi_CVRavi_CV
Ravi_CV
 
Clients Annette Brown C.V. 21-07-16
Clients Annette Brown C.V. 21-07-16Clients Annette Brown C.V. 21-07-16
Clients Annette Brown C.V. 21-07-16
 
nmorrowresumeMay2015
nmorrowresumeMay2015nmorrowresumeMay2015
nmorrowresumeMay2015
 
Vishakha Resume
Vishakha ResumeVishakha Resume
Vishakha Resume
 
updated 2016 resume
updated 2016 resumeupdated 2016 resume
updated 2016 resume
 
Dina Lotfy
Dina Lotfy Dina Lotfy
Dina Lotfy
 
mostafa aly cv (1)
mostafa aly cv (1)mostafa aly cv (1)
mostafa aly cv (1)
 
Agnieszka_Der_Perlowska
Agnieszka_Der_PerlowskaAgnieszka_Der_Perlowska
Agnieszka_Der_Perlowska
 
Mahmoud C.v
Mahmoud C.vMahmoud C.v
Mahmoud C.v
 
Kelly Hannon-Dalby CV Sept2016doc
Kelly Hannon-Dalby CV Sept2016docKelly Hannon-Dalby CV Sept2016doc
Kelly Hannon-Dalby CV Sept2016doc
 
Kelly Hannon-Dalby CV June 2016doc
Kelly Hannon-Dalby CV June 2016docKelly Hannon-Dalby CV June 2016doc
Kelly Hannon-Dalby CV June 2016doc
 
NFF_Final Copy 3
NFF_Final Copy 3NFF_Final Copy 3
NFF_Final Copy 3
 
Bev Umali, CPA
Bev Umali, CPABev Umali, CPA
Bev Umali, CPA
 
Stephanie Stoffella Resume
Stephanie Stoffella ResumeStephanie Stoffella Resume
Stephanie Stoffella Resume
 
Resume-Bhupendra Joshi
Resume-Bhupendra JoshiResume-Bhupendra Joshi
Resume-Bhupendra Joshi
 
SAP Training, QuickBooks, Sage Pastel Peachtree Accounting Software in Nigeria
SAP Training, QuickBooks, Sage Pastel Peachtree Accounting Software in NigeriaSAP Training, QuickBooks, Sage Pastel Peachtree Accounting Software in Nigeria
SAP Training, QuickBooks, Sage Pastel Peachtree Accounting Software in Nigeria
 
Nadia's CV
Nadia's CVNadia's CV
Nadia's CV
 
Resume
ResumeResume
Resume
 
Avalon accountants larger companies
Avalon accountants  larger companiesAvalon accountants  larger companies
Avalon accountants larger companies
 

Similaire à Intro to quickbooks 2012 (1)

Accountants capability discussion
Accountants capability discussionAccountants capability discussion
Accountants capability discussioncorientbs
 
10 Creative Ways to Boost Profits & Cash Flow
10 Creative Ways to Boost Profits & Cash Flow10 Creative Ways to Boost Profits & Cash Flow
10 Creative Ways to Boost Profits & Cash FlowPROTRADE United
 
14.10.27 cclk deck
14.10.27   cclk deck14.10.27   cclk deck
14.10.27 cclk deckaircfo
 
wasim khan new gulf resume - 2
wasim khan new gulf resume - 2wasim khan new gulf resume - 2
wasim khan new gulf resume - 2Wasim Khan
 
Accounting Technology and Systems Selection
Accounting Technology and Systems SelectionAccounting Technology and Systems Selection
Accounting Technology and Systems Selectionptaph
 
Farm Financial Management presentation on agriculture
Farm Financial Management presentation on agricultureFarm Financial Management presentation on agriculture
Farm Financial Management presentation on agriculturesurajp0056
 
Brandy garcia cortez_final presentation
Brandy garcia cortez_final presentationBrandy garcia cortez_final presentation
Brandy garcia cortez_final presentationbrandyannabel
 
Ramon Lee Ltd-Accounting Firms in London-Accountants in London
Ramon Lee Ltd-Accounting Firms in London-Accountants in LondonRamon Lee Ltd-Accounting Firms in London-Accountants in London
Ramon Lee Ltd-Accounting Firms in London-Accountants in Londondavidterry
 
Samantha Melia CV 2016
Samantha Melia CV 2016Samantha Melia CV 2016
Samantha Melia CV 2016Samantha Melia
 
NCET Tech Bite - March 2015 - QuickBooks - Marie Gibson
NCET Tech Bite - March 2015 - QuickBooks - Marie GibsonNCET Tech Bite - March 2015 - QuickBooks - Marie Gibson
NCET Tech Bite - March 2015 - QuickBooks - Marie GibsonArchersan
 
C-Suite Snacks Webinar Series: Prepping Your Company's Financials for Sale
C-Suite Snacks Webinar Series: Prepping Your Company's Financials for SaleC-Suite Snacks Webinar Series: Prepping Your Company's Financials for Sale
C-Suite Snacks Webinar Series: Prepping Your Company's Financials for SaleCitrin Cooperman
 
Business Builder Forum September 2011
Business Builder Forum September 2011Business Builder Forum September 2011
Business Builder Forum September 2011MeadesCompany
 
Start, Run & Grow Businesses with Excelor India
Start, Run & Grow Businesses with Excelor IndiaStart, Run & Grow Businesses with Excelor India
Start, Run & Grow Businesses with Excelor IndiaShashi Mohan
 

Similaire à Intro to quickbooks 2012 (1) (20)

Accountants capability discussion
Accountants capability discussionAccountants capability discussion
Accountants capability discussion
 
10 Creative Ways to Boost Profits & Cash Flow
10 Creative Ways to Boost Profits & Cash Flow10 Creative Ways to Boost Profits & Cash Flow
10 Creative Ways to Boost Profits & Cash Flow
 
Resume_G_Pitchaiah
Resume_G_PitchaiahResume_G_Pitchaiah
Resume_G_Pitchaiah
 
14.10.27 cclk deck
14.10.27   cclk deck14.10.27   cclk deck
14.10.27 cclk deck
 
Legal Accounting
Legal AccountingLegal Accounting
Legal Accounting
 
wasim khan new gulf resume - 2
wasim khan new gulf resume - 2wasim khan new gulf resume - 2
wasim khan new gulf resume - 2
 
Accounting Technology and Systems Selection
Accounting Technology and Systems SelectionAccounting Technology and Systems Selection
Accounting Technology and Systems Selection
 
Farm Financial Management presentation on agriculture
Farm Financial Management presentation on agricultureFarm Financial Management presentation on agriculture
Farm Financial Management presentation on agriculture
 
Brandy garcia cortez_final presentation
Brandy garcia cortez_final presentationBrandy garcia cortez_final presentation
Brandy garcia cortez_final presentation
 
Tax Planning and Reporting
Tax Planning and ReportingTax Planning and Reporting
Tax Planning and Reporting
 
Ramon Lee Ltd-Accounting Firms in London-Accountants in London
Ramon Lee Ltd-Accounting Firms in London-Accountants in LondonRamon Lee Ltd-Accounting Firms in London-Accountants in London
Ramon Lee Ltd-Accounting Firms in London-Accountants in London
 
Samantha Melia CV 2016
Samantha Melia CV 2016Samantha Melia CV 2016
Samantha Melia CV 2016
 
NCET Tech Bite - March 2015 - QuickBooks - Marie Gibson
NCET Tech Bite - March 2015 - QuickBooks - Marie GibsonNCET Tech Bite - March 2015 - QuickBooks - Marie Gibson
NCET Tech Bite - March 2015 - QuickBooks - Marie Gibson
 
C-Suite Snacks Webinar Series: Prepping Your Company's Financials for Sale
C-Suite Snacks Webinar Series: Prepping Your Company's Financials for SaleC-Suite Snacks Webinar Series: Prepping Your Company's Financials for Sale
C-Suite Snacks Webinar Series: Prepping Your Company's Financials for Sale
 
Accounting Basics Quantum presentation at Dubai SME
Accounting Basics Quantum presentation at Dubai SMEAccounting Basics Quantum presentation at Dubai SME
Accounting Basics Quantum presentation at Dubai SME
 
Adeelcvupdate
AdeelcvupdateAdeelcvupdate
Adeelcvupdate
 
Business Builder Forum September 2011
Business Builder Forum September 2011Business Builder Forum September 2011
Business Builder Forum September 2011
 
Kuldeep 6year
Kuldeep 6yearKuldeep 6year
Kuldeep 6year
 
cHART-OF-ACCOUNTS.ppt
cHART-OF-ACCOUNTS.pptcHART-OF-ACCOUNTS.ppt
cHART-OF-ACCOUNTS.ppt
 
Start, Run & Grow Businesses with Excelor India
Start, Run & Grow Businesses with Excelor IndiaStart, Run & Grow Businesses with Excelor India
Start, Run & Grow Businesses with Excelor India
 

Plus de Maricopa Small Business Development Center

Plus de Maricopa Small Business Development Center (16)

HP Life Small Business SEO
HP Life Small Business SEO HP Life Small Business SEO
HP Life Small Business SEO
 
Social Media Basic Class
Social Media Basic Class Social Media Basic Class
Social Media Basic Class
 
Sbdc profit mastery brown bag
Sbdc profit mastery brown bagSbdc profit mastery brown bag
Sbdc profit mastery brown bag
 
Hp life advanced social media
Hp life advanced social mediaHp life advanced social media
Hp life advanced social media
 
Hp life marketing plan
Hp life marketing planHp life marketing plan
Hp life marketing plan
 
Hp life blogging
Hp life bloggingHp life blogging
Hp life blogging
 
Branding for entrepreneurs_-_sbdc_082912
Branding for entrepreneurs_-_sbdc_082912Branding for entrepreneurs_-_sbdc_082912
Branding for entrepreneurs_-_sbdc_082912
 
2012 roubik retirement presentation
2012 roubik retirement presentation2012 roubik retirement presentation
2012 roubik retirement presentation
 
Hp life project management
Hp life project managementHp life project management
Hp life project management
 
Hp life seo
Hp life seoHp life seo
Hp life seo
 
Hp life financial management
Hp life financial managementHp life financial management
Hp life financial management
 
Hp life website management
Hp life website managementHp life website management
Hp life website management
 
Tech e dge program overview 7-12
Tech e dge program overview 7-12Tech e dge program overview 7-12
Tech e dge program overview 7-12
 
Sbdc, team presentation
Sbdc, team presentationSbdc, team presentation
Sbdc, team presentation
 
Writing a winning biz plan (8 2012)
Writing a winning biz plan (8 2012)Writing a winning biz plan (8 2012)
Writing a winning biz plan (8 2012)
 
Hp Life Small Business Communications Plan
Hp Life Small Business Communications PlanHp Life Small Business Communications Plan
Hp Life Small Business Communications Plan
 

Dernier

BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...noida100girls
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insightsseribangash
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesDipal Arora
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Servicediscovermytutordmt
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Roland Driesen
 

Dernier (20)

BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insights
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Service
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...
 

Intro to quickbooks 2012 (1)

  • 1. Intro to Quickbooks Workshop Presented by: Mark Engle, Director MCCD Small Business Development Center 2400 N. Central Avenue, #104 Phoenix, AZ 85004 480-784-0590
  • 2. Intro to Quickbooks • Introduction of Speaker • Rules for the seminar – Meet your SBDC Counselor – Q&A for end – Evaluations
  • 3. Why Accounting? • Taxes • Profit or Loss? • Selling the Business someday… • Last but not least for Managing the Business! (Managing by the numbers)
  • 4. Should I hire an accountant? • What is your time worth? • Would you do your own dentistry or legal? • Getting help to start • Bookkeeping vs. Accounting
  • 5. Where do I begin? • Keeping track of expenses • Receipts & Logs • Separate accounts for business & personal • Shoe Box Accounting is expensive in the long run
  • 6. General Recordkeeping • Revenue & Expense Records – Vendor Center – Employee Center – Customer Center – Petty Cash • Balance Sheet – Inventory Tracking – Fixed Assets – Accounts Payable (bills) – Accounts Receivable (credit sales)
  • 7. General Recordkeeping • Mileage, Entertainment, Travel • Payroll Accounting • Customer Lists & Records • Financial Statements: – Income Statement – Cash Flow – Balance Sheet
  • 8. Where to Start with Quickbooks • Chart of Accounts – Number your accounts – Control who creates accounts – QB’s help can help! • Setup Vendors, Customers & Employees through Use
  • 9. The Financial Statements • Balance Sheet • Income Statement (P&L) • Monitoring performanc – Monthly for P&L – Compare to budget • Cash Flow Statements
  • 10. Other Considerations • Recordkeeping Schedule • Tax schedules • Records retention • Do you really need Quickbooks??
  • 11. When You Have Employees • Legal Considerations • Costs involved in bookkeeping • Penalties are severe for non- payment of taxes • Have separate payroll account and deposit for employee and employer weekly
  • 12. Accounting Policies • #1 – Accounts Payable • #2 – Budget & Cost Controls • #3 – Cash Flow Management • #4 – Reimbursements
  • 13. Where to go from here • SBDC Open Labs for video tutorial and try the program • Get professional help • Have controls in place for accounting systems • Use financial statements to make your business succeed!
  • 14. Intro to Quickbooks Presented by: Mark Engle Director Maricopa Community Colleges Small Business Development Center 2400 N. Central Avenue, #104 Phoenix, AZ 85004 480-784-0590 www.maricopaSBDC.com