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Mastering QuickBooks Online:Let’s Start with the BasicsSponsored by California Landscape ContractorsAssociation Landscape Industry ShowPresented by Mariette Martinez, EAHandouts available on my Resources pagePart 1/Intro: 9 - 10:30 a.m.Part 2/QBO Next Step: 11 - 12:30 p.m.
Mariette Martinez, EA –Small Business Financial Strategist Follow Me on Twitter: @MMartinezEA I share FOR ALL MY FOLLOWERS Elevator Pitch: I am a Small Business Consultant & Tax Professional with apassion for cash flow and retirement income strategies. I provide professionalsoftware training, consulting on small business accounting technology &workflows, strategic financial & retirement planning and tax preparation. Ilove contributing to the Solopreneur community (especially#MommyPreneurers like ME) and deliver my insights by embracing socialmedia and apps. Short History Lesson: Graduated from Cal State Northridge, worked in public& private accounting sector, worked in technical support for a tax softwarecompany and took the Entrepreneurial leap in 2010! My Real Life: Team Mom of 3 kids, wife of 1, sibling of 6. Start every morningwith the goal to make a positive difference in someone’s day.#MarietteLovesSocial #MarietteLOVESAwesomeApps#MarietteLOVESHashtags
What we are covering Why QuickBooks Online (QBO) QuickBooks Versions and Levels Getting Started in QBO Basic Setup & Navigation in QBO Best Practices for QBO to work at its Best LIVE Sneak Peak of QBSE & QBO before Part 2 Deep Dive
Why QuickBooks Online?Work fromAnywhere!Most accountingpros know it!Works for mostcompanies!@MMartinezEA4
The FUTURE is in Cloud-Based Accounting Anytime, anywhere access across multiple platforms: PC, Mac, Mobile Program is ALWAYS up to date! Say Goodbye to upgrades & complicated system requirements: Justcreate your online account and start working Data is hosted, backed up and secured by Intuit’s servers using banklevel encryption. No complicated network setup required. BESTPART ABOUT QBO IS Collaboration is AMAZING between Business Owners and Accountant Bank transactions are downloaded each night, accounting isAutoMagical and solution can be customized with Apps
Which QB version is RIGHT for Your Business? QuickBooks SelfEmployed QuickBooks OnlineSimple Start QuickBooks OnlineEssentials QuickBooks OnlinePlus
Let’s break it down some more How do you choose? QuickBooks Self-Employed Specifically designed for independent contractors and freelancers: Form1099 MISC Calculates quarterly taxes and tracks mileage automatically Cash Basis accountability tool ONLY: NOT for a Small Business Owner or EmployerQuickBooks Online Simple Start 1 User 2 Accountants Bank feeds, invoices, sales taxes, 20 reports but NO Accounts PayableQuickBooks Online Essentials (Simple Start .) 3 Users 2 Accountants Accounts payable, MORE financial reports but NO inventory trackingQuickBooks Online Plus – This is PowerHouse of QB Online 5 Users 2 Accountants WITH option to Add More; Unlimited Time Tracking ONLY users Purchase Orders, FIFO Inventory Tracking and CLASS/DEPARTMENT Tracking, Budgets TIP: DO NOT PAY FULL PRICE FOR SOFTWARE!Purchase from a Preferred Intuit Reseller OR Ask your Accountant about Wholesale billing
How to Get Started in QBO .Not so fast! Choose your version wisely STOP, get some popcorn & watch a few videos Start playing first in the QBO Test Drive Consider 1hr training with a QB ProAdvisor Do your homework first: Read the QBO Blog and ProConnect Blog & follow the contributorsSubscribe to Intuit & QB Experts YouTube ChannelsCheck out QuickBooks Small Business Resource CenterComplete QBO CoursesGet Accountant involved; remember they can access your Books!8
Things to Consider when Setting Up QBO Start from scratch or import data? Are you coming from another accountingsolution and how much do you want to bringover? Import QuickBooks Desktop (QBDT) datadirectly into QBO Some information cannot be imported fromQBDT to QBO Review ALL Settings UNDER Gear icon When Connecting bank/credit cards, bring inONLY Business accounts
2 More Areas in QBO to get used to Left Navigation Bar Quick Create Button10
Emphasize an important point
LET’S GOLIVE for aSneak Peak
Any Questions?Thank you for attending!See you in 30 Follow ME:FB: MarietteintheCloudTwitter:MMartinezEA
Part 1/Intro: 9 - 10:30 a.m. . Mastering QuickBooks Online: Let’s Start with the Basics. Mariette Martinez, EA – Small Business Financial Strategist Follow Me on Twitter: @MMartinezEA I share FOR ALL MY FOLLOWERS Elevator Pitch: I am a Small Business Consultant & Tax Professional with a passion for cash flow and retirement income strategies. I provide professional software .
