There
is a special account in QuickBooks using which a business can conduct its
operations online. It can sell the services and the goods online. The
information can be entered using the Express Start Setup Wizard. The owner
needs to make a list of the vendors, customers, employees and services in the
online business. The relevant company’s information also needs to be included
while setting up this wizard. There may be a need to customize the sales tax
option as the companies conducting businesses online do not charge the sales
tax. You can also take the help of QuickBooks Support if you need any help regarding the setup.
This is how you
can set up the QuickBooks for running an online business
1) Once you open QuickBooks, it should open
the company file. If it does not then click the ‘New Company’ option under the
file option.
2)
Click ‘Express’ and start entering the company information beginning from the
Company’s name, Company Start Date and the Country you are operating your
business from.
3) fill
the income tax forms, choosing from the drop-down menu. There are various forms
available for different types of businesses. Chose the one suited for your
business.
4)
From the ‘Industry’ menu choose the type of business that best describes your
work. You may be running a retail shop or an online commerce business.
5)
Make sure while preparing the charts of accounts, you delete any accounts that
are not needed. For instance, while setting up an online business setup you may
not need Janitorial services account, therefore, exclude this. The accountants
need to make sure that all the accounts being used have the relevance. You can
also take the help of the QuickBooks help if you need any help.
6)
You can also change the first month by choosing the ‘Expert Settings’ option.
Click Ok to complete the setup.
If
you face any issues while setting up the online business account then you can
seek the help of the customer service. This service is very helpful and
responsive when it comes to tackling the issues of the customers. If you need any help you can use the QuickBooks support for reaching out to the support team.
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