And if you set up your company file by using the QuickBooks Setup feature ( Options for Creating a Company File), you might already have most preferences set the way you want.īut you can change the program’s preferences for each company file to match the way you work, such as whether you create estimates for jobs you go after and how you calculate the amount of inventory that’s available. During installation, QuickBooks picks the settings likely to work for a majority of organizations. The program’s preferences are configurable settings that accommodate different business approaches and personal tastes. For instance, you might prefer the simplicity of cash accounting to the more intimate pairing of income and expenses that accrual accounting offers (see About This Book).Įnter QuickBooks, which has the Herculean task of satisfying every nuance of business operation and personal proclivity. The way you and your accountant like to work also influences your organization’s accounting practices. For example, maybe you use inventory tracking and payroll-but maybe you don’t. Configuring Preferences to Fit Your CompanyĪn organization’s approach to accounting often depends on the type of business it is and its objectives, policies, procedures, and industry. QuickBooks 2014: The Missing Manual (2014) Part IV.
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