QuickBooks Enterprise - Two Businesses & Personal in One

Learn how to track both balance sheet and profit and loss activity for multiple companies & personal finances

4.55 (53 reviews)

Udemy

platform

English

language

Accounting & Bookkeeping

What you will learn

How to download the free trial version of QuickBooks Enterprise and set up a new company file

How the class tracking feature differs between QuickBooks Enterprise and QuickBooks Pro

How to turn on the class tracking feature

How to enter financial data related to the sales cycle for multiple businesses & personal data

How to enter financial data related to the expense and purchases cycle for multiple businesses & personal data

How to generate and organize a balance sheet report by class

How to generate and organize a profit and loss report by class

Description

This is a project-based course that will use the free trial version of QuickBooks Enterprise to track multiple business financial data as well as personal financial data in one QuickBooks Enterprise file. We will learn to generate and analyze both the balance sheet and income statement reports by class.

We will learn the difference between the QuickBooks Enterprise class tracking feature and the QuickBooks Pro class tracking feature.

The course will show how to turn on the class tracking feature in QuickBooks Enterprise.

Learners will enter financial data to the sales cycle, organizing the data using the class tracking feature. We will then generate and analyze profit and loss reports and balance sheet reports by class.

The course will demonstrate how to enter data related to the expenses and purchasing cycle, organizing the data using the class tracking feature. We will then generate and analyze profit and loss reports and balance sheet reports by class.

Learn how to track both balance sheet and profit and loss activity for multiple companies & personal finances

Content

Introduction

1100 Free Trial Version Download

1200 Two Businesses & Personal Bookkeeping in One QuickBooks File Using Classes

1205 Account Numbers & Default Class

Sales Cycle

1210 Revenue Using Cash Method & Classes

1215 Revenue – Invoicing & Classes

1220 Receive Payment & Make Deposit

1225 Sales Receipt & Classes

Expenses & Purchases Cycle

1230 Checks & Direct Expenses

1235 Checks & Personal Direct Expenses

1240 Expenses Needing Allocation

1245 Bills, Accounts Payable & Classes

1250 Two Accounts Payable Accounts

Inventory & Cost of Goods Sold (COGS)

1255 Inventory Tracking Overview

1260 Two Inventory & COGS Accounts

Reviews

Rexford

June 20, 2023

This course helped me build on my QuickBooks skills. The course was structured appropriately and explanations in this course were clear and easy to understand.

John

August 25, 2022

Luckily, small business owners can separate their expenses by following a few simple steps. Register the Business. Obtain an Employee ID Number. Open a Business Bank Account. Get a Business Credit Card. One of the most efficient ways to separate your personal and business financials is through utilizing a reliable accounting software. Accounting software can help track your business income and expenses, monitor your financial transactions, and generate statements. These are all functions your business needs to keep organized and stay up to date. As an example, accounting software such as QuickBooks Online allows you to easily classify your incoming expenses as personal or business.

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QuickBooks Enterprise - Two Businesses & Personal in One - Distribution chart