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QuickBooks Payroll Setup Interview

How to Run the Easy Step Interview in QuickBooks 2018

Company Information

The very first thing you certainly will do is enter some basic information about your organization. Your company name is the only mandatory field with this screen. However, we advice filling these pages out completely just in case you plan on communicating with business-related correspondents through QuickBooks.

Note: you may possibly decide to leave the Tax ID blank. Really the only reason why QuickBooks might need these details is when you choose to make use of the Intuit Payroll service.

Select Your Industry

Regarding the next page you are going to Select Your Industry. In the event that you don’t see your industry you can pick the General Product-based Business or General Service-based Business from the bottom of the list.

There is no wrong answer here. Whatever you choose, QuickBooks is going to take that information and create a generic chart of accounts for you to definitely use.

How is the company organized?

If you are an organization that does your own taxes (using TurboTax or another type of software) go right ahead and select one of many options available. If a free account handles your company’s taxes, select the Other/none option.

Select the First Month of Your Fiscal Year

This program is automatically defaulted to January. Unless you will need change this for reasons uknown go right ahead and click Next.

Put Up Your Company Administrator

The one who sets within the Company file is usually the administrator. The administrator has usage of every one of the Company files. QuickBooks does allow up to 5 users regarding the account. We’ll go over how to set that up at another time. For the present time, create an Administrator Password.

Related Topic: https://accountinpro.blogspot.com/2020/12/quickbooks-payroll-setup-interview.html

Customizing QuickBooks for Your Business

You will be now done creating your organization file! You are able to elect to save this file anywhere you’d and also leave the Easy Step Interview process, although we strongly recommend completing the interview.

The next steps are customizable choices for your company. It includes questions like:

  • What do you realy sell?
  • Does your business charge sales tax?
  • Do you want to create estimates in QuickBooks?
  • Will you utilize billing statements?
  • Do you wish to use progress invoicing?
  • Would you like to keep track of the bills which you owe?
  • Would you like to track inventory in QuickBooks?
  • Do you wish to track time in QuickBooks?
  • Do have employees?

Select a Due Date for Tracking Your Finances

After that you will select a romantic date to begin the Fiscal Year. QuickBooks defaults this date at the start of the newest Year, you could select the date which makes probably the most sense for your company’s accounting.

Review Income and Expense Accounts

In the last page associated with the Easy Step QuickBooks Payroll Setup Interview you can easily review all the accounts generated based on your answers above. Review the list and feel free to check and uncheck the services and accounts you need to keep an eye on in QuickBooks.

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