Mastering QuickBooks Online 2023: A Comprehensive Guide
Learn QuickBooks from a Certified Public Accountant (CPA) and experienced instructor

What you will learn
How to access QuickBooks, possibly for free
How to download and install the software
How to set up a company file
How to set up and use bank feeds including bank rules
How to enter common transactions in the customer, vendor, and employee cycle
How to analyze the major financial statement reports of the balance sheet and income statement or profit and loss
How most reports relate to and provide more detail about the major financial statement reports
How to enter period end adjusting entries
How to reconcile bank accounts and credit card accounts
How to enter a budget and use budget reports
How to use account numbers
How to customize forms
How to use class tracking
How and why to memorize transactions
How to track fixed assets
How to use multiple currencies
Description
This exhaustive course is your ticket to expertise in QuickBooks Online, offering an immersive learning experience that caters to beginners and seasoned users alike.
The promise of mastering QuickBooks in just an hour might sound appealing, but we firmly believe in a robust and thorough exploration of this powerful software. This course is designed to guide learners from the very basics to an in-depth understanding of the platform, while offering the flexibility to reference specific topics as needed. It serves as a reliable, up-to-date reference guide that we commit to updating annually to reflect the latest developments in the software.
Starting from the ground up, we demonstrate how to access and install the QuickBooks software, potentially at no cost. Using a sample file provided by QuickBooks, learners will navigate the software, identify commonly-used areas, and comprehend the relationship between data input and the resultant financial statements and related reports.
The course utilizes a transactional analysis approach, categorizing transactions into accounting cycles: vendor cycle (alternatively known as payment, purchases, accounts payable, or expenses cycle), customer cycle (also referred to as revenue, sales, or accounts receivable cycle), and employee cycle. Each cycle's data input forms and their impact on financial statements and related reports are examined in detail.
The subsequent section involves setting up a new company file, a crucial learning step to grasp foundational accounting system components like the chart of accounts, service items, revenue items, and starting balances. Learners will practice entering a variety of common transactions over two months, backed by instructional videos, and analyze each transaction's impact on the financial statements and related reports.
Bank reconciliations, an essential part of financial integrity, are also covered, demonstrating reconciliation procedures using sample bank statements. Further, an extensive section devoted to bank feeds ensures learners understand how to connect to the bank, download and incorporate bank data into the accounting system, and apply bank rules for efficiency.
Following this, we delve into adjusting entries, used to align financial statement reports to their accounting basis at the month or year-end. Key accounting bases such as accrual, cash, or tax basis will be explored.
The course additionally covers budget construction best practices, QuickBooks budget entry, and budget report generation. Specialized topics such as account number usage, form customization, class tracking, transaction memorization, and multiple currency handling are also included, providing a well-rounded understanding of QuickBooks Online.
By the conclusion of this course, learners will have developed a comprehensive understanding and skill set to expertly navigate and utilize QuickBooks Online for all their accounting needs.
Content
Introduction
2020 QuickBooks Online
2020 - Getting Started - Getting Setup
2020 - Customer Cycle , Cycle, or Accounts Receivable Cycle
2020 Vendor Cycle, Purchases Cycle, or Sales Cycle
2020 Employee Cycle and Other Core Features
2020 Balance Sheet Reports
2020 Profit and Loss or Income Statement Reports
2020 Statement of Cash flows & Other Common Reports
2020 Course Project Start - Set Up New Company File, Preferences, & Users
2020 Set Up Service & Inventory Items & Enter Inventory Beginning Balance
2020 Add Customers & Vendors - Enter AR and AP Beginning Balances
Add Accounts & Beginning Balances, Checking, Credit Card, Notes Payable, Equip.
2020 Adjust Equity, Payroll Options, & Reports
2020 Month 1 - Deposits from Owner & Loan, Purchase Furniture, Sales Tax Set Up
2020 Month 1 - Purchase Orders & Invoices
2020 Month 1 - Receive Payments Forms
2020 Month 1 - Sales Receipt & Deposit
2020 Month 1 - Receive Inventory & Link Expense Form to Purchase Order
2020 Month 1 - Create Invoice From Linked Billable Expense & Make Deposit
2020 Month 1 – Enter Checks & Expenses & Pay Bills
2020 Month 1 – Customer Jobs & Sub Customers, Projects, & Payroll
2020 Month 1 – Reports & Review of Data Input
2020 Month 2 - Loan Payments & Short Term Investment Sale
2020 Month 2–Purchase Order, Enter Bill for Inventory, Sales Receipt, & Deposit
2020 Month 2 – Advanced Payments & Apply Credit to Invoice
2020 Month 2 – Enter Bills, Pay Bills, Customer Payment, Pay Sales & Payroll Tax
2020 Month 2 – New Service Items to Invoice, Finance Equipment, & Payroll
2020 Month 2 – Month End Reports
2020 Bank Reconciliations
2020 Month End Adjusting Entries & Reversing Entries
2020 Budgeting
2020 Bank Feeds
Payroll
2019 QuickBooks Online
2019 - Getting Started - Getting Setup
2019 Navigating QuickBooks Core Components & Features
Double Entry Accounting System
2019 Balance Sheet & Report Options
Income Statement & Statement of Equity
2019 Profit & Loss / Income Statement-QuickBooks Online 2019
2019 Other Important Reports-QuickBooks Online
2019 New Company File Preferences, Accounts, & Beginning Balances-QuickBooks
Accounting Methods
2019 Enter Data for the First Month of Operations
2019 Enter Data for the Second Month of Operation
2019 Bank Reconciliations
2019 Adjusting Entries and Reversing Entries
2019 Budgeting
Bank Feeds
2018 QuickBooks Online
2018 Getting Started - Getting Setup
2018 Navigating Through QuickBooks
2018 Balance Sheet and Balance Sheet Options
Profit & Loss / Income Statement
2018 Other Reports
2018 Start a New Company File
2018 Enter Data for the First Month of Operations
2018 Enter Data for the Second Month of Operation
2018 Bank Reconciliations
2018 Adjusting Entries and Reversing Entries
2018 Budgeting
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