Course curriculum

  • 01

    Overview

    • 1105 Loan Manager Overview

    • 1110 Loan Manager Setup QuickBooks File

  • 02

    Setup Loan

    • 1115 Loan Manager Amortization Table Excel

    • 1120 Loan Manager Setup New Loan

  • 03

    New Chapter

    • 1125 Loan Manager Generate Checks & Bills

  • 04

    Setup Loan Where Payments Have Already Been Made

    • 1130 Loan Manager Enter Loan Where Payments Have Already Been Made

  • 05

    Use What if Scenario Tool

    • 1135 Loan Manager What If Scenario Tool

Description

This is the twelfth in a series of courses covering QuickBooks Desktop Pro 2021; comprehensively.

We will outline what the loan manager is and how to use it.

Learners will learn how to use the loan manager to generate an amortization table, a list of future payments, the interest and principal portion of each payment, and the loan balance after each.

The course will demonstrate how to generate an amortization table in Excel for comparison to the loan manager, Excel providing a transparent look at what an amortization table is and how it is calculated.

We will show how the loan manager can be used to generate bills or checks as payments become due in accordance to the loan manager amortization table, the bills and checks generated properly breaking out the amount of the payment applying to interest and the amount applying to principal.

Learners will run multiple practice scenarios utilizing the loan manager tool.

The course will also demonstrate how the loan manager can be used to make loan projections, the demonstrations comparing the loan manager tools to those that can be found in Excel.

Robert (Bob) Steele CPA CGMA CPI MStax

Instructor

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.