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11/18/09 1:09pm PST

How to setup the accounts for a new firm in Quickbooks

We started a small research corporation in July 2009 and I would like to use QuickBooks Simple Start to see if I want to use QuickBooks Pro.  How do I transfer my paper entries into QuickBooks effectively starting the company from setting up a new checking account, etc. ?  The check register is not very user friendly for deposits...it appears to be set up to write checks!

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The set up interview will walk you through setting up your accounts and opening balances. Be sure to set up your company preferences, ie... direct what account payments are defaulted to, etc.

Deposits are generally made from the Banking icon on your tool bar  then select 'make deposits' -or- from the 'record deposits' icon on your homepage. After receiving a payment from a customer the payment is routed to the default account where it is stored until you are ready to actually make a deposit. You simply check (or select) the checks that will make up the deposit, print out your deposit slip, and save the transaction.

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