QuickBooks Enterprise-Classes-Responsibility Accounting

Learn responsibility accounting using class tracking for both the balance sheet and profit and loss from a CPA

4.85 (35 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
QuickBooks Enterprise-Classes-Responsibility Accounting
17,013
students
2.5 hours
content
Dec 2020
last update
$84.99
regular price

What you will learn

How to download the free version of QuickBooks Enterprise

How to turn on class tracking for both the balance sheet and profit and loss

The differences between the class tracking feature for the QuickBooks Pro version and the QuickBooks Enterprise version

How to record direct costs to departments using class tracking

Methods for allocating indirect costs

Methods for allocating service center expenses to revenue centers

How to make adjusting entries related to a balance sheet by class report

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

How to generate and analyze a balance sheet by class

Description

This course is a project-based course using the free trial version of QuickBooks Enterprise, practicing the feature of class tracking for both the balance sheet and profit and loss, the class tracking feature applied to responsibility accounting.

We will learn how to download the free trial version of QuickBooks Enterprise and set up a new company file to work in.

The course will show how to turn on the class tracking feature and discuss the differences between class tracking for the QuickBooks Pro version of the software and the QuickBooks Enterprise version.

We will record expenses by department using the class tracing feature and learn how to allocate indirect expenses.

The course will then demonstrate how to allocate service center expenses to revenue centers.

We will also consider adjustments to the balance sheet as we generate balance sheet reports by class.

Content

Overview

1100 Free Trial Version Download
1105 Class Tracking Responsibility Accounting Overview
1110 Class Tracking Responsibility Accounting Add Classes

Payroll & Expenses by Department

1115 Setup Manual Payroll & Add Employees
1120 Process Payroll & Allocate to Departments
1125 Expenses by Department

Allocate Indirect Expenses

1130 Allocate Indirect Expense to Departments - Excel
1135 Allocate Indirect Expenses to Departments - QB

Allocate Service Center Expenses to Revenue Center

1140 Allocate Service Center Expenses to Revenue Centers - Excel
1145 Allocate Service Center Expenses to Revenue Centers – Method 1
1145 Allocate Service Center Expenses to Revenue Centers – Method 2

Balance Sheet by Class Adjusting Entries

1150 Balance Sheet by Class Adjusting Entries

Coupons

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Related Topics

3649540
udemy ID
11/21/2020
course created date
1/22/2021
course indexed date
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course submited by