QuickBooks
Small business bookkeeping
QuickBooks is accounting software for small and medium-sized businesses, used to track income, expenses, invoices, and payroll.
Developed by Intuit, it dominates its market category.
Our accountant asked us to export the QuickBooks data.
The name combines quick with the bookkeeping sense of books.
Financial record book
- general ledgerMaster accounting record
- chart of accountsCategorized ledger structure
- journal entriesRecorded personal observations
- double-entryAccounting with paired entries
debits · credits · reconciliation · accounts receivable · accounts payable · trial balance · accruals · adjustments
Paid staff members
- direct depositFunds sent to account automatically
- pay stubsEarnings breakdown documents
- W-2Employer-issued tax form
- 1099Non-employee income document
withholding · benefits · time tracking · overtime · hourly · salary · tax filings · deductions
Itemized billing statement
- billingCharging for services rendered
- estimatesRough calculations of value
- quotesRepeated words, verbatim
- payment termsWhen and how to remit
due date · past due · remittance · statements · itemization · subtotal · line items · deposits
Government percentage on purchases
- tax ratesPercentage owed government
- quarterly taxesPeriodic income tax installments
- estimated taxesPrepaid government obligations
- tax formsGovernment income declarations
1099-MISC · Schedule C · deductions · write-offs · tax preparation · filing · compliance · audit trail
Net financial results
- balance sheetAssets-liabilities-equity report
- cash flow statementReport of money entering, leaving
- income statementPeriodic profit-loss report
- expense reportsDocumentation of business costs
dashboards · snapshots · trends · comparison · export · financial statements · year-end
External, uninvolved entity
Named vessel or brand
- subscriptionPaid recurring access
- cloud-basedStored on remote servers
- multi-userSupports concurrent participants
ledger
Financial record book
- general ledgerMaster accounting record
- chart of accountsCategorized ledger structure
- journal entriesRecorded personal observations
double-entry · debits · credits · reconciliation · accounts receivable · accounts payable · trial balance · accruals · adjustments · fiscal year
employees
Paid staff members
- direct depositFunds sent to account automatically
- pay stubsEarnings breakdown documents
- W-2Employer-issued tax form
1099 · withholding · benefits · time tracking · overtime · hourly · salary · tax filings · deductions · garnishments
invoice
Itemized billing statement
- billingCharging for services rendered
- estimatesRough calculations of value
- quotesRepeated words, verbatim
payment terms · due date · past due · remittance · statements · itemization · subtotal · line items · deposits · credits
sales tax
Government percentage on purchases
- tax ratesPercentage owed government
- quarterly taxesPeriodic income tax installments
- estimated taxesPrepaid government obligations
tax forms · 1099-MISC · Schedule C · deductions · write-offs · tax preparation · filing · compliance · audit trail · home office
profit and loss
Net financial results
- balance sheetAssets-liabilities-equity report
- cash flow statementReport of money entering, leaving
- income statementPeriodic profit-loss report
expense reports · dashboards · snapshots · trends · comparison · export · financial statements · year-end
third-party
External, uninvolved entity
API · Shopify · PayPal · Stripe · migration · data transfer · CSV
Enterprise
Named vessel or brand
- subscriptionPaid recurring access
- cloud-basedStored on remote servers
- multi-userSupports concurrent participants
- softwaresoftware, app, apps, application, program
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- fintechfintech, mobile banking, digital wallet, mobile payment, digital wallets
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- business softwareCRM, accounting, payroll, billing, invoicing