New to QuickBooks? Need to set up an exisiting company?

Were you  using another  program that  you can  convert the  data from?


The support site is a Great tool if you know what to look for.
Here is one very good link for getting started

Do the EasyStep Interview to enter your company information.

File>New Company

Take the Tutorial in the help menu

and check these links for valuable information:

http://support.intuit.ca/quickbooks/en-ca/kb/help/videos-and-tutorials/4069.html

http://support.quickbooks.intuit.com/support/Articles/INF12758

To use JEs to enter prior year to date balances:
Record JEs as of the Sart date (i.e. 12/31/2010 the day prior to the actual start of the company individual transactions you will be recording in QB)
Use the Opening Balance Equity to offset the Balance Sheet entries. Enter a Vendor Name and Customer Name for AP & AR entries. Also a Vendor name for Sales Tax payable will be required. Only one AR or AP name is allowed per JE.
You can not use a JE to record Inventory quantities.

1.To record JE go to Company>Make General Journal Entries, select the date and JE number
2.Enter the balances from your Balance Sheet. For Asset accounts enter a positive balance in the Debit column and for Liability and Equity accounts enter positive balances in the Credit Columns
3.The Debit and credit columns must be equal. Use the Opening Balance Equity Account as the offset for any difference
4.Click Save & Close
5.Create additional journal entries or other methods below to enter AR, AP, Sales Tax Payable or any other entries not listed in the first JE.
6.Create a final JE to distribute any remaining balance in the Opening Balance Equity account to the Other Equity Accounts and Retained Earnings as appropriate.

If you need the detailed information for AR & AP such as Invoices and bills you will need to post them individually via the Customer and Vendor Center.

To do this you will need to go to the Customer Center and Vendor Center.
Set up your Customers and/or Customer:jobs and enter each Invoice that is outstanding for each Customer
Do the same for each Vendor.
Enter any outstanding checks that you have. If they were checks used to pay bills go to Vendor>Pay bills to enter bill payment checks
If you have payroll you will need to set up all of your Employees in the Employee Center

Need more help? Contact me