Udemy

Platform

English

Language

Data & Analytics

Category

QuickBooks Pro-Business & Personal-One QuickBooks File

Both business and personal financial, bookkeeping, and tax information in one QuickBooks file using class tracking.

4.55 (15 reviews)

9684

Students

9 hours

Content

Jan 2019

Last Update
$94.99
Regular Price


What you will learn

How to track both business and personal financial, bookkeeping, and tax informaiton in one QuickBooks file using class tracking

How to use the QuickBooks Pro Desktop 2019 feature of class tracking

How to set up a QuickBooks files designed for both business and personal use

How to create a chart of accounts for both business and personal use

How to enter both business and personal financial data to QuickBooks from a bank statements separating the transactions using class tracking

How to generate business and personal financial statements using class tracking

How to track and enter personal financial investments into QuickBooks

How to track the value of a home and the related loan

How to enter personal W-2 income into QuickBooks including breaking out gross pay and withholding amounts

How to enter credit card payments and track credit card liabilities

How to track the value of a personal automobile

How to account for prepayments and why it helps with budgeting and measuring performance


Description

Both business and personal financial, bookkeeping, and tax information in one QuickBooks file using class tracking.

This course will demonstrate how to use the class tracking feature in QuickBooks Pro Desktop 2019, applying the feature to tracking both business and personal financial information in one QuickBooks file.

Note that tracking both business and personal data in one QuickBooks file will not be the best option for many businesses but is a good option for small businesses who want one location to track and analyze financial data and generate financial reports that can be used for tax preparation, budgeting, and business planning.

We will set up a QuickBooks file designed for both business and personal use, discussing how to use the class tracking feature and creating a chart of accounts.

The course will enter financial data from a bank statement that has both business and personal transactions, separating the financial transactions using the class tracking feature as we enter the data into QuickBooks.

We will compare the method of using one QuickBooks account for both business and personal data to using two separate QuickBooks files, one for personal and one for business, listing and describing pros and cons of each method and when they would be best applied.

The course will also discuss how to track personal balance sheet items and provide practical examples and alternative methods.

We will discuss how to record and track personal investments in Quickbooks.

The course will discuss how to enter financial data for the value of a home, the related home loan, and the mortgage payments that include both interest and principal portions.

We will discuss how to enter W-2 wages into QuickBooks to track our income, including a method for breaking out gross pay from the withholding amounts.

The course will cover different methods for tracking credit card balances and credit card payments.

We will also discuss methods for tracking the value of an automobile and the concept of prepaid expenses including how to record prepaid insurance.


Screenshots

QuickBooks Pro-Business & Personal-One QuickBooks File
QuickBooks Pro-Business & Personal-One QuickBooks File
QuickBooks Pro-Business & Personal-One QuickBooks File
QuickBooks Pro-Business & Personal-One QuickBooks File

Content

Introduction

Introduction

Set Up QuickBooks Files For Both Business & Personal Use & Enter Data

2 Set Up QuickBooks Files For Both Business & Personal Use & Enter Data

645 Set Up New QuickBooks File Business & Personal

QuickBooks Backup File

PDF - Checking Account - Business & Personal - January

650 Add Checking Account & Beginning Balance Business & Personal File

655 Enter Deposits & Add Classes From Business & Personal Bank Statement January

657 Enter Deposits From Business & Personal Bank Statement January Part 2

PDF - Credit Card Statement - January

660 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Ch

665 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone

670 Enter Business & Personal Cash Outflows Mortgagee, Medical, & IRA January

675 Bank Reconciliation Business & Personal Account January

680 Print Reports Business & Personal Account January

682 Add Classes To Business Accounts

684 One Expense Two Classes

687 SubAccounts To Sort Personal Accounts

Accounting Comic Break

Compare The Use Two Separate QuickBooks Files To The Use Of One-First Month

3 Compare The Use Two Separate QuickBooks Files To The Use Of One-First Month

QuickBooks Backup File

710 Compare Using Two QuickBooks Files For Business & Personal to Just Using O

Accounting Comic Break

Enter Both Business & Personal Data To One QuickBooks File - Month Two

4 Enter Both Business & Personal Data To One QuickBooks File - Month Two

QuickBooks Backup File

PDF - Checking Account - Business & Personal - February

802 Enter Deposits From Business & Personal Bank Statement February

PDF - Credit Card Statement - February

804 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Ch

806 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone

808 Enter Business & Personal Cash Outflows Mortgagee, Medical, & Utilities Febr

810 Bank Reconciliation Business & Personal Account February

812 Print Reports Business & Personal Account February

Accounting Comic Break

Make Copy QuickBooks File & Use Backup Files

5 Make Copy of QuickBooks File & Use Backup Files

Data files

QuickBooks Backup File

Accounting Comic Break

Track Investments In Personal QuickBooks File

6 Track Investments In Personal QuickBooks File

QuickBooks Backup File

PDF - Investment Statements

Use QuickBooks File Q1

Q1 842 Record Investment At Cost Using One Account Personal QuickBooks

Q1 844 Record Investments At Market Using One Account Personal QuickBooks

Q1 846 Record Investment Activity For January No Effect On Income Statement Pers

Q1 847 Record Investment Activity For January Increasing Other Income Personal Q

Q1 848 Record Investment Activity For February Increasing Other Income Personal

Use QuickBooks File Q2

Q2 852 Record Investments At Cost & Market Value December Personal QuickBo

Q2 853 Record Investments At Cost & Market Value December Separate Accounts Pers

Q2 854 Record Investments At Cost & Market Value January Separate Accounts Perso

Q2 856 Record Investments At Cost & Market Value February Separate Accounts Pers

Accounting Comic Break

Track Home Value In Personal QuickBooks File

7 Track Home Value In Personal QuickBooks File

QuickBooks Backup File

Use QuickBooks File Q1

Q1 882 Record Home At Cost Personal QuickBooks

Q1 884 Record Home Increase In Value Personal QuickBooks

Use QuickBooks File Q2

Q2 892 Record Home At Appraised Value Using Two Accounts Personal QuickBooks

Accounting Comic Break

Enter Home Loan / Mortgage In Personal QuickBooks File

8 Enter Home Loan Mortgage In Personal QuickBooks File

QuickBooks Backup File

Amortization Schedule - Home Loan

Use QuickBooks File Q1

Q2 902 Record Home Loan Adjust To Loan Statement Personal QuickBooks.ENCODING

Use QuickBooks File Q2

Q1 905 Record Home Loan & Make Amortization Table Personal QuickBooks

Q2 907 Record Home Loan & Adjust Loan Payments Personal QuickBooks

Accounting Comic Break

Enter W-2 Employee Income In Personal QuickBooks File

9 Enter W-2 Employee Income In Personal QuickBooks File

QuickBooks Backup File

PDF - Paycheck Stub

Use QuickBooks File Q2

Q2 910 Record Paycheck Personal QuickBooks

Accounting Comic Break

Enter Credit Card Purchases, Payments, & Liabilities In Personal QuickBooks File

10 Enter Credit Card Purchases, Payments, & Liabilities In Personal QuickBooks F

QuickBooks Backup File

PDF - Credit Card Statement - January & February

Use QuickBooks File Q2

Q2 915 Credit Card Liabilities Personal QuickBooks

Accounting Comic Break

Enter Auto Value & Loan In Personal QuickBooks File

11 Enter Auto Value & Loan In Personal QuickBooks File

QuickBooks Backup File

Use QuickBooks File Q1

Q1 917 Auto – Simple Method Personal QuickBooks

Use QuickBooks File Q2

Q2 919 Auto – Record & Depreciate Personal QuickBooks

Accounting Comic Break

Allocate Insurance & Prepaid Expenses In Personal QuickBooks File

12 Allocate Insurance & Prepaid Expenses In Personal QuickBooks File

QuickBooks Backup File

Use QuickBooks File Q2

Q2 920 Allocate Insurance Costs Personal QuickBooks

Accounting Comic Break




Coupons

StatusDateDiscount
Expired8/25/2019100% OFF
Expired10/7/2019100% OFF
Expired8/24/2020100% OFF
Expired12/16/2020100% OFF
Expired1/15/2021100% OFF

2032882

Udemy ID

11/18/2018

Course created date

8/25/2019

Course Indexed date
Bot
Course Submitted by