Description: Learn Budgeting, Forecasting & Business Planning, Inventory, Estimates and Sales Orders, Pass-Throughs, Payroll, Time Tracking, Sales Tax, Adjustments and Year-End Procedures. 6 hours

Inventory

• Activating inventory function
• Setting up inventory parts items
• Setting up group items
• Calculating average cost of inventory
• Invoicing for inventory items
• Purchasing inventory
• Purchase orders
• Entering bills for received inventory
• Adjusting inventory
• Inventory assemblies
• Inventory reports

Sales Tax

• Setting up sales tax
• Sales tax items
• Sales tax codes
• Calculating sales tax on sales forms
• Your sales return
• Advanced sales tax topics

Time and Billing

• Billable expenses
• Using two-sided items
• Billable time
• Time reports
• Tracking owner or partner time
• Vehicle mileage teacking
• Multiple pass-throughs

Payroll Setup

• Activating payroll
• Payroll accounts
• Payroll items
• Enabling data file for payroll processing
• Payroll setup interview
• Set up year to date payroll amounts
• Finishing up the payroll setup interview
• Set up employee defaults
• Adding payroll items
• Editing payroll items
• Releasing employees
• Deactivitating and reactivating employees
• Employee contact list report

Payroll Processing

• Processing checklists
• Using the employee center
• Payroll tax tables
• Paying employees
• Editing, voiding, and deleting paychecks
• Paying payroll liabilities
• Creating payroll reports
• Preparing payroll taxes

Estimates and Sales Orders

• Creating estimates
• Sales Orders

Budgeting, Forecasting, and Business Planning

• Creating budgets and budget reports
• Creating forecasts and forecast reports
• Cash flow projector
• Creating a business plan

Adjustment and Year-end Procedures

• Processing 1099s
• Editing, voiding and deleting transactions
• General journal entries
• Tracking fixed assets
• Memorized transactions
• Closing the year
• Setting the closing date to "lock" transactions

Sample Business

• Setup
• Instructions
• Transactions