QuickBooks Payroll Setup Interview

 Running through the Setup Interview for QuickBooks Simple Start

When you know very well what entity form your company will use and also have the QuickBooks Simple Start software installed, you’re ready to put up the QuickBooks data file. The information file may be the container that QuickBooks Simple Start uses to keep your financial information.

To run through the Setup Interview, you start the QuickBooks Simple Start program after which, when prompted by QuickBooks, step through the Setup Interview:

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1. Start QuickBooks Simple Start.

Before you begin the interview, you need to start QuickBooks Simple Start. To do this, double-click the QuickBooks Simple Start icon, which appears from the Windows desktop. Or, choose Start –> Programs and then click the menu choices that result in QuickBooks.

The actual fun begins at this time. The Setup Interview starts automatically, displaying the Setup Interview dialog box.

2. Describe your business.

To begin the interview, click on the Next button. The Setup Interview displays a window that asks you to enter your company’s name and address. Fill in the blanks with the requested information.

3. Identify your entity form choice.

To continue because of the interview, click Next. The Setup Interview displays a window (not shown) that asks which entity form you’ve chosen for your needs. Here’s the method that you answer fully the question that this dialog box asks:

• If you’ve chosen to work as a single proprietorship or as a single-member LLC which will be treated for tax purposes as a single proprietorship, check the Sole Proprietorship button.

• in the event that you’ve chosen to work as a partnership or as a multiple-member LLC which will be treated as a partnership for income tax purposes, look at the Partnership or Limited Liability Company button.

• If you’ve chosen to operate as an S corporation (this might be since you incorporated and then elected S status or since you put up an LLC and then double-elected S status), check the S corporation button.

• in the event that you’ve chosen to work as a C corporation (this might be because you incorporate or setup an LLC after which elected to be treated as a corporation), look at the Corporation button.

• If you’re using QuickBooks Simple Start for a church or a nonprofit organization of some type, needless to say, check the Non-Profit Organization button.

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4. Describe how you’ll bill your customers.

Click Next to go to the Setup Interview dialog box that asks how you’ll bill your customer. Mostly, you merely answer the questions that the Setup Interview asks.

• Describe whether people pay in cash or on time. See that first question about whether people pay you during the time of sale (presumably with cash or a check) or later once you invoice them? You will need to answer this question by selecting the appropriate button. QuickBooks uses your question for this question to determine whether you want to print sales receipts (because yours is a point-of-sale business) or invoices (since you bill people and then they pay you later) or both.

• Specify whether you create estimates for customers. See that second question? One that asks whether you create estimates — essentially “best guess” invoices — for the customers? You ought to answer this question, too. When you do create (or perhaps you desire to create) estimates, select Yes. In the event that you don’t, select No.

• Indicate if your visitors are at the mercy of sales tax. If they are, click on the Yes button. If you click the Yes button, additionally you want to label the sales tax you pay, specify the tax rate, and name the tax agency to that you remit the sales taxes.

5. Create the QuickBooks company file.

Click Next to move to a higher QuickBooks Payroll Setup Interview dialog box. This dialog box informs you that QuickBooks is from the verge of developing the company file that’ll store your accounting information. All you need to do is click Next. So click Next. Whenever you do, QuickBooks displays the Save As dialog box. Use this dialog box to mention the QuickBooks company file. You merely enter the filename to the file name box and you click Save.

You may also make use of the Save In box (shown at the top of the Save As dialog box) to specify the folder location you want QuickBooks to use for the company file. But don’t take action. QuickBooks can lose monitoring of in which you store the company file in the event that you put it someplace crazy and then create one or more company file. You don’t want to get rid of your business file.

After QuickBooks Simple Start creates the business file, it displays the usual QuickBooks Simple Start program window. Here is the same window you’ll see from now on whenever you start QuickBooks.