Help with QB Online

[darcie smith]

I know some of you have said you use QuickBooks Online. We just transitioned from 2013 to online and I have some questions. I wasn't very good at 2013, honestly, so I would like to learn more about accounting, but we will start with just this question. We used to use Bill to record all our transactions. It looks like now we're supposed to use Expense? Does it amount to the same thing?

 

[hogjowl]

I don't know Bill, but if he's happy being used, it's all the same to me.

 

[Bill Soukoreff]

Yes. The main things you will use is expenses, ideally set up to match the categories of your tax code for business expenses. E.g supplies, equipment maintenance, insurance...

Then sales receipts for point of sale payments and invoices when you are not getting paid at that moment.

QBO has become really nice to use.