QuickBooks Desktop 2021 #2 Create New Company File & Enter Two Months of Data
This is the second in a series of courses covering QuickBooks Desktop Pro 2021; comprehensively.
6.05 Set Up QuickBooks 2021 Work Folder
Documents to Download
6.10 QuickBooks Desktop 2021 Set Up New Company File
6.12 Increase Size of Icons
6.15 Company Preferences Accounting
6.20 Company Preferences Bills, Calendar, & Checking
6.25 Company Preferences Desktop View, Finance Charge, & General
6.30 Company Preferences Integrated Application & Items & Inventory
6.35 Jobs & Estimates, Multiple Currencies, Payments, & Payroll
6.37 Company Preferences Reminders & Reports & Graphs
6.40 Company Preferences Sales & Customers & Sales Tax
6.43 Company Preferences Search, Send Forms, Service Connection, Spelling, Tax 1099, & Time & Expens
6.45 Options for Interring Items, Customers & Vendors
6.50 Enter Service Items
6.55 Inventory Tracking Options
6.60 Set Up Inventory Items
6.65 Sales Tax Set Up
6.70 New Customers Setup & Accounts Receivable Beginning Balances
6.75 New Vendors Setup & Accounts Payable Beginning Balances
6.80 Add New Accounts & Opening Balance
6.85 Adjust Opening Balances
6.87 Manual Payroll Set up
7.05 Deposits Owner Investment Loan
7.10 Purchase of Furniture & Investment Transactions
7.17 Purchase Order P.O.
7.18 Make Payment Linked to Purchase Order P.O.
7.20 Invoice Selling Inventory
7.25 Receive Payment Transaction & Form
7.30 Sales Receipt Payment Received at Point of Sale
7.35 Deposits From Undeposited Funds
7.45 Invoice Created From Check Created From Purchase Order
7.50 Receive Payment & Make Deposit
7.55 Receive Payment & Make Deposit
7.60 Bill Pay
7.65 Customer Jobs
7.70 Pay Employees Manual Payroll
7.75 Job Sales Receipt
Data Files to Download
8.05 Make Loan Payment & Amortization Schedule
8.10 Short Term Investmemt Sold
8.12 Change Account Categorization to Other Expense
8.15 Purchase Order Adding New Items
8.20 Record Receipt of Inventory with Bill Linked to P.O.
8.25 Sales Receipt & Deposit
8.30 Advanced Customer Payment
8.35 Apply Customer Deposit (Credit) to Invoice
8.40 Populate Invoice Using Billable Item Connected to Bill & P.O.
8.45 Advanced Customer Payment
8.50 Pay Bill for Inventory Purchase
8.55 Track & Pay Invoices From Customer Center
8.60 Pay Sales Tax
8.65 Pay Payroll Taxes
8.70 Bills - Enter, Sort, & Pay
8.75 Add Service Items & Enter Invoices In Service Job Cost System
8.77 Rental Income – Customer Deposit, Invoice, & Payment
8.79 Purchase & Finance Equipment
8.80 Enter Payroll For Second Month
8.82 Add Subaccounts
8.86 Create Reports After Second Month Including Comparative Financial Statements
This is the second in a series of courses covering QuickBooks Desktop Pro 2021; comprehensively.
We will create a new company file and populate it with two months of data input.
The data input will cover every major form in each operating cycle, the revenue cycle, the payables cycle, and the payroll cycle. The major operating cycles may also be grouped as the customer cycle, the vendor cycle, and the employee cycle.
As we enter financial transactions, populating forms, we will analyze the impact on the financial statement and related reports.
Entering two months of data will allow us to see the difference in complexity of entering data for the first month of operations, a time when we have no historical data to follow, and entering data in following months, a time when we do have prior history and transactions to help simplify the process.
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.