QuickBooks is one of the finest accounting software, and if you are planning to incorporate this software in your business, then you have landed on the right page. It is one of the most used and sought-after accounting software, crafted mainly for small and medium sized businesses. In order to use this software, one needs to se it up on the system, for which steps discussed later in this post should be carried out. Thus, we would recommend you to go through this post carefully till the end and get the process to setup the QuickBooks desktop for the first time.
Steps to setup QuickBooks desktop for the 1st time
If you are setting up QuickBooks desktop for the first time in your system, then the below steps would be of great help to you:
First of all, the user needs to register for QuickBooks desktop
After that, the user needs to customize the company preferences and the account settings
The user can display the to do list on QuickBooks dashboard. And after logging in for the very first time, the user will find a number of tutorials that might assist in setting up different parts of the new account. After that, the user should set the company preferences that will assist in moving forward with QuickBooks
And then, click on the company tab and choose preferences. Followed by filling in edit the company’s contact details and changes the account settings in the way he/she likes.
Followed by importing business data to QuickBooks
The user might have to click on the company tab and choose More and import data from the drop-down menu
The user will get various options to upload the file and then he/she can select the one as per his/her preference. Uploading the customer or vendor list is easy with this software
Certain business data can be imported to QuickBooks including customer or vendor data, products and services from excel, chart of accounts from excel, transactions from bank, and QuickBooks desktop company data.
During this, the QuickBooks software might make the user over-categorize some of the businesses
The next step is to sync QuickBooks with the bank accounts
Also, sync the business credit cards
The user is then required to customize the invoices with company banking
Importing the contacts to QuickBooks