Name your company file it ends in qbw and choose the

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Name your company file (it ends in .QBW and choose the location on your computer where you wish to save it. Click Save. N OTES
Lesson 2 — Setting Up Customizing QuickBooks for Your Business QuickBooks 2015 Student Guide 11 Customizing QuickBooks for Your Business After you’ve saved the company data file, the customization section of the EasyStep Interview appears. It is the place where you indicate: What you sell How and when your customers pay you How you pay your bills Based on your answers QuickBooks sets preferences for the company file. The preferences enable certain features of the QuickBooks program. Click Next. N OTES
Lesson 2 — Setting Up Indicating What You Sell QuickBooks 2015 Student Guide 12 Indicating What You Sell You need to indicate what your business sells. In general, businesses either sell products, services or both. Margaret Lockhart provides consulting services as well as selling products, such as fabrics. To indicate what you sell: Click Next to move to the What do you sell? window. Choose the appropriate option for the business. Click Next. N OTES
Lesson 2 — Setting Up Entering Sales Information QuickBooks 2015 Student Guide 13 Entering Sales Information For retail companies you need to indicate how you want to enter sales. QuickBooks uses this information to set recommendations for a retail-type business. To indicate how you enter sales: In the How will you enter your sales in QuickBooks? window choose the option that best fits the business’s needs. Click Next. N OTES
Lesson 2 — Setting Up Entering Sales Tax Information QuickBooks 2015 Student Guide 14 Entering Sales Tax Information This part of the EasyStep Interview asks whether you charge sales tax. You should turn the sales tax setting off only if you never charge sales tax. Sometimes it is even beneficial to turn this feature on for tracking wholesale/retail sales, depending on the tax reporting regulations in your state. To set up QuickBooks to track sales tax: Click Yes in the Do you charge sales tax? window. Click Next. N OTES
Lesson 2 — Setting Up Creating Sales Orders QuickBooks 2015 Student Guide 15 Creating Estimates If you provide any type of estimate or bid — even a verbal quote — there are many reasons to use estimates in QuickBooks. Prepare professional-looking itemized estimates, bids, quotes or proposals for your customers Create an invoice from the estimate with just one click. QuickBooks then creates an invoice using information from your estimate Create reports that compare your estimated costs and revenue against your actual costs and revenue Compare your actual costs against what you estimated Track which estimates are still active and easily update each estimate as you continue to negotiate with your customers To create estimates for your business: On the Do you want to create estimates in QuickBooks? window choose the option that best fits the business.

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