And yet another newbie!

[meerkat]

Hi All. Glad to have found you. My name is Meerkat. Yes, very inquisitive! I am a volunteer treasurer for a homeowners association. I did use QB Pro back in '99, but now am using QB Pro 2010. I do a great deal of monthly invoicing and receiving payments as well as paying the bills, employees, and reporting to the association. Looking forward to finding help here. Thank you.

[PennyLane]

Welcome, may I make a suggestion right off the bat? If you are a homeowner's association, I would recommend memorized invoicing. I'm presuming you'll have the fees billed on a regular basis... normally yearly. So when you create a customer invoice,mark it to print or to be emailed and then ctrl+m. Then you can memorize the invoice to automatically enter the next time it's due.

[BAILEYS SIGNS I]

Hi what do you recommended I do, I'm new to quickbooks, and I want to enter the last 2 years of book work, is this possible, if so what is the best way to start.

Troy

[PennyLane]

First step - learn the basics about entering transactions into QuickBooks. You might check out my tutorial www.quickbooksnow.com, or perhaps take a class at your college, or you could try a book. You can also hire a consultant to give you some one on one training and help you get started.

Keep in mind, that entering historical transactions is often different from the way you may use the system on a day to day basis. When you are putting in information that has already happened, your goal is to record the information, and you can bypass many of the features in QuickBooks that help you manage your finances normally - like entering and paying bills.

Step 1: Gather all of your bank statements and be sure you have the detail of the checks written. Also get together any credit card statements that you used to purchase anything for the business as well as cash receipts.

Step2: Set up your bank and credit card accounts in QuickBooks.

Step 3: Enter the beginning balance from your first bank statement - say Jan 1, 2008. Then just start entering transactions - checks and deposits - by month. Reconcile each month one at a time.

Be careful when you are entering transactions, that you do not "double-dip" any expenses or income from the previous year. For example - if you counted an expense for a check that you wrote in December of 2007 -but the check didn't clear until 2008 - make sure you record that check with the date it was written. however, if you prepared your financial statements and taxes with the bank statements previously, and only counted the items that cleared, be sure to date them in the current year you are entering.

Good luck to you!:o

[shanti1070]

First step - learn the basics about entering transactions into QuickBooks. You might check out my tutorial www.quickbooksnow.com, or perhaps take a class at your college, or you could try a book. You can also hire a consultant to give you some one on one training and help you get started.

Keep in mind, that entering historical transactions is often different from the way you may use the system on a day to day basis. When you are putting in information that has already happened, your goal is to record the information, and you can bypass many of the features in QuickBooks that help you manage your finances normally - like entering and paying bills.

Step 1: Gather all of your bank statements and be sure you have the detail of the checks written. Also get together any credit card statements that you used to purchase anything for the business as well as cash receipts.

Step2: Set up your bank and credit card accounts in QuickBooks.

Step 3: Enter the beginning balance from your first bank statement - say Jan 1, 2008. Then just start entering transactions - checks and deposits - by month. Reconcile each month one at a time.

Be careful when you are entering transactions, that you do not "double-dip" any expenses or income from the previous year. For example - if you counted an expense for a check that you wrote in December of 2007 -but the check didn't clear until 2008 - make sure you record that check with the date it was written. however, if you prepared your financial statements and taxes with the bank statements previously, and only counted the items that cleared, be sure to date them in the current year you are entering.

Good luck to you!:o

I am also new here & glad to be part of your community
Thanks for sharing your views, its nice.......:)

Jackson111
HeatPad (http://www.shantinathsales.com/product/heat-pad/6/), Electric Blanket (http://www.shantinathsales.com/product/Electric-Blanket/4/)