Udemy

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English

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Other

Category

QuickBooks Online-Bookkeeping Business-Easy Way

QuickBooks Online bookkeeping business plan and examples, walking through bookkeeping engagement & data entry

4.56 (95 reviews)

13063

Students

14 hours

Content

Jun 2019

Last Update
$109.99
Regular Price


What you will learn

How to outline a simple bookkeeping system for a small business using QuickBooks Online

How to network between the bookkeeper, business owner, and year-end tax accounting firm, CPA firm or tax preparer

How to set up a simple Bookkeeping company file in QuickBooks Online and store it on a computer

How to use an easy method to enter financial data into QuickBooks Online from the bank statement

How to identify common problems when entering financial data and strategies for overcoming them

How to reconcile the bank accounts in QuickBooks Online

How to analyses payroll options including the options to work with a third-party payroll company or to enter payroll into QuickBooks

The basics of entering payroll into QuickBooks Online

How to enter equipment purchases into QuickBooks Online

How to enter loan payments into QuickBooks Online

How to enter insurance payments into QuickBooks Online

How to enter credit card charges into QuickBooks Online

How to format month-end and year-end reports using QuickBooks Online

How to enter adjusting entries into QuickBooks Online or prior year and work with accounting firms, CPA firms, or tax preparer to help with them


Description

QuickBooks Online bookkeeping business designed for small business clients or small businesses who want a simple cash basis format for entering data. 

This course is designed for bookkeepers and is also useful for small business owners who want a simple system for entering financial data into QuickBooks for financial planning and year-end tax preparation.

The bookkeeping system we discuss will also describe the relationship between the bookkeeper, the business, and the year-end tax and financial statement preparers.

We will outline a cash basis bookkeeping system using QuickBooks, a system that will enter most transactions directly into the check register.

The course will discuss the responsibilities of a bookkeeper and the responsibilities of the business when a bookkeeping engagement in entered into. 

We will work through a sample bookkeeping project in QuickBooks including the setting up of a new QuickBooks company file.

The course will practice entering data into the QuickBooks register directly from a bank statement. We will provide practice bank statements to use with the project as well as step by step instructional videos.

As we enter data directly into the check register from the bank statement, we will compare and contrast the cash basis system we are using to a full accounting cycle system. We will also review the financial statements periodically to see how QuickBooks is using the data to make reports.

After entering data into the QuickBooks check register from the bank statement, we will perform bank reconciliations. As we perform bank reconciliations, we will discuss what a bank reconciliation is and the benefits a bank reconciliation provides.

The course will then discuss options for entering specific accounting data into QuickBooks including payroll, equipment, loan payments, insurance, credit card payments, and invoices. We will provide practice QuickBooks files for different options related to the items listed above and explore the pros and cons of each option. The bookkeeping options will help tailor our system to our specific bookkeeping needs.

As we enter accounting data into the system we will discuss common questions we will have when entering the first few months of data and how to write down these questions, move forward with data input, and organize the financial data so that we can quickly go back to it once our client questions are answered.

This course will discuss, print, and export month end and year end reports, reports a bookkeeper may provide to clients monthly and reports the business will need at year-end for tax preparation.

We will discuss year-end adjusting entries. The bookkeeping system we propose will depend on an outside accounting firm, tax preparer, or CPA firm to help with the year-end adjusting entries. As bookkeepers we want to be aware of the adjusting entry process so we can work with any year-end accounting firm, tax preparer, or CPA firm. We will enter common adjusting entries into an adjusting entry Excel worksheet and into Quickbooks.

Finally, we will discuss whether or not to enter the year-end adjusting entries into our QuickBooks bookkeeping system and different options to do so.

In addition to the instructional videos, this course will include downloadable  

•    Excel practice files

•    Downloadable PDF Files  

Excel practice files will be preformatted and will generally have at least two tabs, one tab with the completed work and a second tab with a preformatted worksheet we can fill in as we watch the instructional videos.   

Who will we be learning from?  


Screenshots

QuickBooks Online-Bookkeeping Business-Easy Way
QuickBooks Online-Bookkeeping Business-Easy Way
QuickBooks Online-Bookkeeping Business-Easy Way
QuickBooks Online-Bookkeeping Business-Easy Way

Content

Introduction

Introduction

Bookkeeping Project Outline and Plan Using QuickBooks

2 Bookkeeping Project Outline and Plan

Data Files and Answer Keys

PDF - 20 Outline Of Standard Client

20 Outline Of Standard Client Or Business

PDF - 22 Outline Of Service We Provide

22 Outline Of Bookkeeping Process

PDF - 23 Network With Other Professionals

23 Network With Other Professionals

PDF - 24 Bank Feeds

PDF - 24 Bank Feeds Option

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Engagement Letter and Questionnaire

3 Engagement Letter and Questionnaire

PDF - 26 Engagement Letter

26 Engagement Letter

PDF - 28 New Client Engagement Questionnaire

28 New Client Engagement Questionnaire

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Create New Company File & QuickBooks File Using QuickBooks

4 Create New Company File & QuickBooks File

PDF - 30 Outline Sample Engagement

30 Outline Sample Engagement

60 Organize Documents Download Bank Statement

70 New Company File

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Enter Data From Bank Statement for Month One Into QuickBooks

5 Enter Data From Bank Statement for Month One Into QuickBooks

80 Bank Statement Overview

85 Enter Deposits From Bank Statement First Month

87 Entering Cash Outflows Strategy

88 Entering Cash Outflows Part 1

89 Entering Cash Outflows Part 2

90 Review Reports After Data Entry For First Month

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Bank Reconciliation For Month One In QuickBooks

6 Bank Reconciliation For Month One In QuickBooks

92 Bank Reconciliation Overview

94 Bank Reconciliation First Month

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Enter Data From Bank Statement for Month Two In QuickBooks

7 Enter Data From Bank Statement for Month Two In QuickBooks

100 Enter Transactions Second Month Setup Process

102 Enter Deposits From Bank Statement Second Month

104 Enter Cash Outflows From Bank Statement Second Month Part 1

106 Enter Cash Outflows From Bank Statement Second Month Part 2

108 Review Reports After Entering Data From Bank Statement For Second Month

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Bank Reconciliation For Month Two In QuickBooks

8 Bank Reconciliation For Month Two In QuickBooks

110 Bank Reconciliation First Second

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Payroll Options and Data Entry Using QuickBooks

9 Payroll Options and Entry Using QuickBooks

PDF - 120 Payroll Options

120 Payroll Options

122 Categorize Payroll Payments

123 QuickBooks Desktop Version Payroll Example

125 Add Employees

127 Process Payroll

127.2 Process Payroll Plain Payroll

127.4 Payroll Tax Forms & Payment Set Up

127.6 Payroll Forms After Plain Payroll Financials & 941

128 QuickBooks Online Process Paid Payroll Example

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Equipment and Financing Options and Data Entry Using QuickBooks

10 Equipment and Financing Options and Entry Using QuickBooks

PDF - 130 Equipment Financed Options

130 Equipment Financed Options

132 Equipment Financed Record Amount Paid

136 Equipment Financed Record Loan

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Loan Payments Options and Data Entry Using QuickBooks

11 Loan Payments Options and Data Entry Using QuickBooks

PDF - 140 Loan Payment Options

140 Loan Payment Options

142 Enter Loan Balance Record Payments as Reduction To Loan Balance

143 Loan Amortization Interest vs Principal

146 Enter Loan Balance & Break Out Interest & Principal Portion Of Loan Paymen

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Insurance Payments Options and Data Entry Using QuickBooks

12 Insurance Payments Options and Data Entry Using QuickBooks

PDF - 150 Insurance Options

150 Insurance Options

152 Enter All Insurance Payments As Insurance Expense & Let Accountant Adjust I

154 Enter All Insurance Payments As Prepaid Insurance & Let Accountant Make Ye

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Credit Card Options and Data Entry Using QuickBooks

13 Credit Card Options and Data Entry Using QuickBooks

PDF - 160 Credit Card Options

160 Credit Card Options

162 Enter Credit Card Payments The Easy Method

164 Enter Credit Card Payments As They Clear Bank & Assign Expense Accounts Ba

166 Enter Credit Card Liability & Apply Payments To The Liability Account

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Invoice and Accounts Receivable Options and Data Entry Using QuickBooks

14 Invoice and Accounts Receivable Options and Data Entry Using

PDF - 170 Invoicing and AR Options

170 Invoice & Accounts Receivable Options

176 Enter Invoices Into The System & Track Accounts Receivable

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Adjust Remaining Outstanding Items / Data Entry Questions Using QuickBooks

15 Adjust Remaining Outstanding Items Data Entry Questions

PDF - 180 Adjust Open Items

180 Adjust Open Items

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Creating & Formatting Month End Reports Using QuickBooks

16 Creating & Formatting Month End Reports

185 Month End Documentations

186 Formatting Month End Documents PDF & Excel

187 Formatting, Presenting, & Delivering Reports to Clients

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Creating & Formatting Year End Reports Using QuickBooks

17 Creating & Formatting Year End Reports

PDF - 190 Year End Documents

190 Year End Documentations

192 Generating Year End Reports

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Describing and Entering Adjusting Entries Using QuickBooks

18 Describing and Entering Adjusting Entries

PDF - 210 Adjusting Entry Options

211 Adjusting Entries Worksheet

212 Payroll Adjusting Entries

215 Equipment Adjusting Entries Depreciation

217 Loan Payment Adjusting Entries

219 Insurance Adjusting Entries

240 Options For Entering Adjusting Entries To QuickBooks

244 Enter Adjusting Entries Into QuickBooks

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Reviews

K
Karmyn26 October 2020

This was absolutely a good match, it is the most comprehensive and Rob Steele is an excellent teacher! I am actually understanding the bookkeeping process and recalling what I learn with understanding because he teaches with explanation and repetition. Thank you.

N
Naveen20 August 2020

Yeah this one was well connected with my current job role. Will this helps me to get my certification.

H
Helen15 June 2020

All I wanted was to learn how to use Quickbooks, not all the incessant waffle going over the same thing time and time again, absolutely awful course

C
Conchita7 June 2020

The course is good for advance learner and can be applied the knowledge in the real world. This course might not be easy for a beginner who don't have any accounting application background.

D
Donna23 November 2019

Quickbooks online is new experience for me and I am happy to be able take advantage of your great informative presentation

I
Ivana14 April 2019

Another great course by the same instructor. Very practical, down-to-earth with explanations easy to understand and follow. The concepts are clear and easily manageable. Also suitable for those with no previous accounting background who want to manage the accounts of their business themselves. Bob is very responsive and always willing to help in a timely manner and with detailed answers.



Coupons

StatusDateDiscount
Expired10/7/2019100% OFF
Expired5/26/2020100% OFF
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2207674

Udemy ID

2/9/2019

Course created date

10/7/2019

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