How To Setup QuickBooks Online?

QuickBooks is the ultimate and a trusted accounting solution when it comes to small businesses. It doesn’t matter if you are an experienced accountant or a fresher, QuickBooks has a simple and user-friendly interface. In addition to that, QuickBooks is famous due to its features. There are many features that are offered by only this accounting software. Also, QuickBooks comes in different versions. For example, QuickBooks Desktop application, QuickBooks Enterprise, QuickBooks Online, QuickBooks POS, etc. However, setting up QuickBooks might require some technical steps. This blog will give you information about how to setup QuickBooks Online.

Steps To Setup QuickBooks Online

Listed below is the detailed procedure to setup QuickBooks Online:

Company File  – Setup

  • Log-in to your QuickBooks Online account.
  • After that, navigate to the ‘Menu’ tab.
  • You are now required to go to the ‘File’ menu.
  • Pick the ‘New Company’ option.
  • Select the ‘Express Start’ option that is available in the dialog box of QuickBooks.
  • In this section, you have to fill out all the necessary information such as company name, industry, type of company, company ID, etc.
  • After that, you have to select the ‘Continue’ option.
  • You are required to fill out all the general contact details of your company.
  • Just make sure you are using your business legal name.
  • Choose the ‘Preview Your Company Settings’ tab.
  • After that, navigate to the Charts of Accounts option.
  • For adding an account, you have to tick a check-mark right next to the name of a particular account. This is an important point to setup QuickBooks Online.
  • On the other hand, if you want to remove an account, simply un-checkmark the box right next to that specific account.
  • When you have completed the account list, you have to move to the ‘Company File Location’ field.
  • In case, you want to change the location of a company file, simply click on the option of ‘Change Location’.
  • Save the company file by browsing the location of that company file.

Also Read: Setup QuickBooks Online with the latest method

Advanced Settings – Setup

  • Open your QuickBooks Online account.
  • Navigate to the ‘Gear’ icon.
  • Pick the ‘Account and Settings’ tab.
  • After that, choose the ‘Advanced’ option.
  • Select the ‘Edit’ option.
  • Customize the settings according to your requirements.
  • Then, click on the ‘Save’ button.
  • If you want to change tax forms, then you can easily change them by clicking on the ‘Edit Company Type’ option.
  • After that, click on the ‘Save’ option.
  • Go to the ‘Edit Categories’ option in order to assign classes and settings.
  • For changing discounts on the accounts of the users, click on the ‘Discount Account’ option.
  • Then, click on the ‘Save’ button.

Also Read: How to Setup QuickBooks for Online NonProfit?

Importing Transactions

When you setup QuickBooks Online accounts, you have to import transactions into your account. 

  • In the QuickBooks Online account, choose the ‘Banking’ menu from the left-hand side toolbar.
  • Type your bank name in the search field and click on your bank’s name.
  • Log-in to your bank account with the help of login credentials.
  • Then, your computer screen will show you the list of all the bank account you hold.
  • You have to choose the bank account that you want to connect with the QuickBooks Online account.
  • After that, you are now required to choose the accurate date range that you are comfortable connecting.
  • Then, click on the ‘Save’ option.

Also Read: Add a Bank Account in QuickBooks

Multiple Users – Setup

  • In your QuickBooks Online account, go to the ‘Gear’ icon.
  • Under your company, select the ‘Manage Users’ option.
  • Go to the ‘Accountants’ tab, then fill out the accurate email id of the users.
  • For inviting users into the account, you have to click on the ‘Invite Now’ button. This will send an invitation to all your accountants. 

New Customers – Setup

  • Open your QuickBooks Online account.
  • Navigate to the ‘Customer Centre’ section.
  • If you want to add a new customer, you have to choose the ‘New Customer Button’ option.
  • Now, fill out all the necessary information about that customer such as the name of the customer, contact number, business name, address, etc.
  • Now, fill out the other information about the customer like tax ID, tax number, contact names, etc.
In Conclusion:

Hopefully, the above-given information is useful for you to get rid of this problem. But if you are still facing any issues with your software and need professional assistance, regarding accounting, bookkeeping & accounting software-related issues then feel free to get in touch with Certified Experts at +1-860-325-4922. The USA-based ProAdvisors will provide all sorts of assistance related to the software 24/7.

Also Read: Fix Multi-User issues in QuickBooks

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