Customer Setup 

If your business requires that you provide your customers with an invoice, modern computer software allows you to enter the customer’s name and contact information once, then never have to enter it again. Quickbooks keeps a history of each customer’s transactions by their name for your review. The customer’s name appears on sales reports and accounts receivable reports. Customer contact information can be exported out of Quickbooks for marketing use.

The Customer List does not have to be created on the first day of Quickbooks implementation. However, if the list is available in a computer file, it can be imported into Quickbooks.

 

Vendor Setup

This consists of a list of companies from whom you purchase goods or services and employees who are paid on a 1099 basis. When it’s time to pay bills, one option is to have Quickbooks print the checks. If the vendor list contains the vendor’s address, then all you have to do is sign the check and put it in a window envelope. The vendor names appear on an accounts payable report. Quickbooks keeps a history of each purchase from each vendor for your review.

Like the Customer List, the Vendor list does not have to be created on the first day of Quickbooks implementation. However, if the list is available in a computer file, it can be imported into Quickbooks.