Udemy

Platform

English

Language

Money Management Tools

Category

QuickBooks Online Multiple Currencies

Learn to record transactions using multiple currencies from a certified public accountant (CPA)

QuickBooks Online Multiple Currencies

81

Students

Toplam 9 saat

Content

Mar 2021

Last Update
$339.99
Regular Price


What you will learn

How to get access to QuickBooks Online including a possible free 30-day trial

How to turn on the multicurrency feature

Set up accounts related to multicurrency including account types of Cash, Accounts Receivable, & Accounts Payable

Enter transactions related to foreign currency accounts receivable

Enter transactions related to foreign currency accounts payable

Enter transactions related to forward contracts for speculation

Enter transactions related to forward contracts to reduce risk on foreign currency transactions


Description

Learn how to get access to QuickBooks Online including a possible free 30-day trial version often offered by Intuit, the owner of QuickBooks Online.

The course will discuss accounting for multiple currencies, outlining the process in Excel to provide a more transparent look at the process. Then we will enter the transactions into QuickBooks, the software automating some of the steps required.

We will learn how to turn multicurrency on, and which accounts will be affected most by multicurrency transactions including cash account types, accounts receivable account types, and accounts payable account types.

Learners will work example problems related to the sales cycles and the purchases cycle, the sales cycle including foreign currency receivables, the purchases cycle including foreign currency payables.

We will also demonstrate transactions related to forward contracts, both for speculative purposes and to mitigate risk on foreign currency transactions.

The multiple currency feature is useful when the company is holding onto cash in a foreign currency, the software helping us to record the home currency equivalent for financial statement presentation.

Multiple currency functionality is also helpful when we make sales on account, sending an invoice, hoping to get paid in the future, tracking accounting receivable, but expecting to be paid in a foreign currency. The accounts receivable account will need to be valued in the home currency even though we will be paid in a foreign one.

We have a similar situation when we make purchases on account, promising to pay in a foreign currency at some point in the future. The accounts payable account will need to be valued in the home currency equivalence even though we will be paying in a foreign currency.



Content

Introduction

1302 Free 30-Day Trial Multiple Currencies

1305 Multiple Currencies Overview

1310 Multiple Currencies Cash, Accounts Receivable, & Accounts Payable

Sales Cycle

Documents to download

1315 Multiple Currencies Invoice & Accounts Receivable

1320 Multiple Currencies Foreign Currency Accounts Receivable Adjusting Entry

1325 Multiple Currencies Receive Payment & Make Deposit Excel

Purchase Equipment On Account

1340 Multiple Currencies Purchase Equipment On Account Excel

1345 Multiple Currencies Purchase Equipment On Account QB

1350 Multiple Currencies Adjusting Entry Loan Payable

1355 Multiple Currencies Transfer Money to Foreign Currency

1360 Multiple Currencies Pay Foreign Loan Payable

Purchase Inventory On Account

1370 Multiple Currencies Purchase Inventory On Account

1375 Multiple Currencies Accounts Payable Adjusting Entry

1380 Multiple Currencies Foreign Currency Transfer

1385 Multiple Currencies Accounts Payable Reversing Entry

1390 Multiple Currencies Accounts Payable Payment

Forward Contract for Speculation that Foreign Currency will Strengthen

Documents to download

1400 Setup Free 30-Day Trial Practice Multiple Currencies

1402 Forward Contract for Speculation that Foreign Currency will Strengthen Over

1405 Forward Contract for Speculation that Foreign Currency will Strengthen Init

1410 Forward Contract for Speculation that Foreign Currency will Strengthen Adju

1415 Forward Contract for Speculation that Foreign Currency will Strengthen Matu

1420 Forward Contract for Speculation that Foreign Currency will Strengthen Matu

1425 Forward Contract for Speculation that Foreign Currency will Strengthen Reve

Forward Contract for Speculation that Foreign Currency will Weaken

Documents to download

1447 Free 30 Trial Setup-Forward Contract for Speculation that Foreign Currency

1450 Forward Contract for Speculation that Foreign Currency will Weaken Overview

1455 Forward Contract for Speculation that Foreign Currency will Weaken Initial

1460 Forward Contract for Speculation that Foreign Currency will Weaken Initial

1465 Forward Contract for Speculation that Foreign Currency will Weaken Adjustin

1470 Forward Contract for Speculation that Foreign Currency will Weaken Maturity

1472 Forward Contract for Speculation that Foreign Currency will Weaken Maturity

1475 Forward Contract for Speculation that Foreign Currency will Weaken Maturity

1480 Forward Contract for Speculation that Foreign Currency will Weaken Revesing

Forward Contracted Used to Reduce Risk From Purchase of Fixed Asset On Account

Documents to download

1483 Free 30 Day Trial Multiple Currencies Problem 4

1485 Multiple Currencies Problem 4 Overview

1490 Multiple Currencies Problem 4 Purchase Fixed Asset On Account Foreign Curre

1495 Multiple Currencies Problem 4 Forward Contract Initial Transaction

1500 Multiple Currencies Problem 4 Adjusting Entry Accounts Payable Foreign Curr

1505 Multiple Currencies Problem 4 Adjusting Entry Forward Contract Receivable

1510 Multiple Currencies Problem 4 Foreign Payable & Forward Contract Maturity T

1515 Multiple Currencies Problem 4 Forward Contract Maturity Transactions

1520 Multiple Currencies Problem 4 Foreign Currency Accounts Payable Maturity Tr

1525 Multiple Currencies Problem 4 Foreign Currency Reversing Entries




Coupons

StatusDateDiscount
Expired3/7/202195% OFF
Expired4/7/2021100% OFF

3873634

Udemy ID

2/25/2021

Course created date

3/7/2021

Course Indexed date
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