To setup up QuickBooks accounts, use the following steps:
Account Name |
Type |
Accounts Receivable | Accounts Receivable |
Accounts Payable | Accounts Payable |
Inventory Asset |
Other Current Asset |
Cost of Goods Sold | Cost of Goods Sold |
Sales |
Income |
Undeposited Funds | Other Current Asset |
Account Name |
Sub Account of |
Type |
Sales Parts | Sales | Income |
Sales Other | Sales | Income |
Sales Labor | Sales | Income |
Payment Method |
Type |
Cash |
Cash |
Check | Check |
Credit | Other credit card |
Setup Company Charge Sales Tax
Item Name |
Type |
Description |
Account |
Labor | Service | Labor | Sales:Sales Labor |
Misc | Non-Inventory Part | Miscellaneous | Sales:Sales Other |
None | Sales Tax-Item | None | |
Parts | Non-Inventory Part | Parts | Sales:Sales Parts |
Subtotal | Subtotal | Subtotal |
|
Tax | Sales Tax Item | Sales Tax | |
NOTE: Only set up the below Optional Item accounts if you are using these items in your Shop Manager. These item will not export if they are not used. The PTAX, LTAX, and MTAX are for special tax rates where the # represents the company number. This is used for multi company setup. * You have to pick either NONE or PRE-CALC, you do NOT need both * OPTIONAL Item Accounts |
|||
Pre-Calc | Sales Tax-Item | Pre-Calc | |
Storage | Service | Storage Fee | Sales:Sales Other |
Sublet | Service | Sublet | Sales:Sales Other |
Supplies | Non-Inventory Part | Supplies | Sales:Sales Other |
Towing | Service | Towing | Sales:Sales Other |
PTAX0000# | Sales Tax-Item | Sales Tax | |
LTAX0000# | Sales Tax-Item | Sales Tax | |
MTAX0000# | Sales Tax-Item | Sales Tax |
Code |
Description |
Taxable |
Tax | Taxable Sales | Yes |
Non | Non-Taxable Sales | No |
Continue on to Interface Setup.