First things first, before you start using QuickBooks Online for your business, validate what tools you will require to activate in QBO.
Your Business Setup
- Accounting Method: Cash or Accrual
- Chart of Accounts
- Your Customers
- Your Suppliers
- Product / Items
- Your Bank and Credit Card accounts
- Invoice Format
- Sales Tax
- Payroll (Additional charges apply, please refer to QuickBooks Online plan details)
- Multi Currency (Caution: Once turned ON, you cannot turn this feature OFF)
- Locations (Available only in QuickBooks Online Plus)
Please refer to our QBO Analyzer tool developed for QuickBooks Online to get further insight.