Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

Wave Accounting 2020

Learn to use bank feeds with free accounting software (Wave) from a practicing Certified Public Accountant (CPA)

4.40 (35 reviews)

Wave Accounting 2020

11776

Students

5 hours

Content

Feb 2020

Last Update
$94.99
Regular Price


What you will learn

How to set up bank feeds for both bank accounts and credit card accounts

How to set up Wave Accounting

How to add transactions and assign proper general ledger accounts to them

How to do bank reconciliations

Understand the difference between a bank reconciliation when using a cash basis and accrual basis

Record transactions from two accounts that use bank feeds like a credit card account and a bank account


Description

This course will use free accounting software which is an excellent tool to practice with.

This course will jump right into bank feeds and how to use them.

Many accounting software courses will spend a lot of time talking about how a full-service accounting system works. We do recommend spending time learning the full accounting process, and we do have courses that do just that.

However, many small businesses want to get right down to data input as fast as possible, and others already have a good understanding of the system and want to focus specifically on bank feeds.

We will focus on bank feeds in this course.

For example, some small businesses may be perfectly happy using a cash basis system and will, therefore, not need some of the functions used in a full accounting cycle. Businesses that use a cash basis model can structure their data input to be much more heavily dependent on the bank and bank feed data.

We will discuss types of businesses that fit well into a cash basis model as we work through the practice problems. We will also discuss some problem areas many businesses have and how to set up a system that works for them.

This course will work through a practice problem and will provide test data that learners can use in their system to follow along if they choose.



Content

Introduction

.10 Wave Free Accounting

Data Files to Download

315 How Do Bank Feeds Fit Into My Accounting System

320 Project Outline

Month One - Set up Bank Feeds

Data Files to Download

325 Set Up Bank Feeds

360 Download Transactions From Bank

365 Import Bank Data

Month One - Add Transactions from Bank Feeds

Data Files to Download

370 Add Expense Transactions

375 Add Capital Expenditures

380 Add Inventory Purchase

385 Add Amount Paid for Investment

390 Add Owner Withdraws

395 1 Customer Deposit

400 Sales Tax Calculation

405 1 Deposit Loan

405 2 Deposit Owner

Month One – Bank Reconciliation

406 Bank Beginning Balance

407 Bank Reconciliation

Month Two – Upload Bank Transactions

Data Files to Download

415 1 Upload Bank Transactions

Month Two – Add Transactions from Bank Feeds

415 2 Add Expenses

420 Add Insurance

425 Add Payroll Checks

430 1 Add Inventory

430 2 Add Loan Payment

435 Add Draw

440 1 Receive Payments On Invoice

440 2 One Deposit Two Invoices

445 Sales Receipt & Bank Feeds

Month Two – Bank Reconciliation

450 Bank Reconciliation

Credit Card Bank Feeds

Data Files to Download

460 Credit Card Bank Feeds Upload

465 1 Add Credit Card Bank Feed Data

470 Reconcile Credit Card




Coupons

StatusDateDiscount
Expired2/20/2020100% OFF
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Expired6/27/2020100% OFF
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Expired12/8/2020100% OFF
Expired1/1/202190% OFF
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2809111

Udemy ID

2/11/2020

Course created date

2/16/2020

Course Indexed date
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