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Index
0:48 Screen sharing starts
1:07 Adding a client
3:45 Assign an employee to your client’s books
4:14 Seth keeps master admin as his
5:35 Telling QuickBooks file about the company
6:00 How would you describe what the business does best
7:39 Encourages people not to import a chart of accounts
8:28 Second step, Seth usually skips and chooses later
8:58 Goes straight to the chart of accounts
9:18 First thing you do is link the bank accounts
10:07 Pay attention to the bank URL when setting up
11:14 Creates a manual bank account
11:28 Auto creation of a balance after set up, delete it not the right number
12:18 Delete that entry, find it by sorting the date
13:29 Shows in another video how to download a csv file with transactions when bank feeds aren’t working
15:15 Looking at the income account in chart of accounts
15:58 Uncategorized Expenses is set as default, don’t duplicate
16:30 When setting up a company go through all the settings
17:00 Upload their company’s logo
17:22 How the company named is displayed that’s how it will read on purchase orders and invoices
17:35 Add a EIN
18:11 Need to know type of company sole prop, s corps, c corps
19:50 Marketing preferences, useful to receive emails on important updates
20:08 Usage setting, shows limits
21:34 Sales Settings, Don’t over beautify your invoice
24:54 What does SKU mean?
25:14 Price rules, different pricing on different criteria
26:17 Realtor clients, quantity and price/rate turned on
27:20 Be careful with checkbox on turning on late fees
27:54 Progress invoicing
28:10 The default messages when sending out an invoice
29:46 Expenses Setting
30:11 If you purchase and sell the item check the box
31:00 Question marks in bubbles explains what you are checking off
31:21 QuickBooks Payments ACH Payments 3 to 5 days free
33:00 Advanced Settings, first month of fiscal year
33:30 Cash based companies still accrual ran
34:46 Closing the books settings
35:52 Chart of Accounts setting, don’t enable account numbers settings
36:32 Shipping, discount, tips account
36:35 Turn on classes and locations
38:57 Automation settings, Seth sticks to the defaults
40:39 Workout with your old accountant to keep wholesale
41:14 Projects automatically turned on
41:46 Time tracking
42:15 You can turn on multi-currency but its irreversible
42:51 Other preferences settings
43:25 Warnings on duplicate numbers
44:00 Seeing customer drop down in expenses, adding it if not there
45:22 Gear icon, all lists
45:44 You can have other choices with respect to location
46:10 Bookmark pages you will access frequently, adding in Airtable
47:43 Every expense has custom URL, how to save the generic
49:04 Spend the time to go through the settings
49:28 Setting up service items
50:25 Click on new, pulls up product and service information
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