QuickBooks Online -Bookkeeping Business-Easy Way

Learn how to enter financial transaction on primarily a cash basis from a practicing CPA, CGMA, CPI, with B.S.tax.

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Course curriculum

1. QuickBooks Online 2019-Bookkeeping Business-Easy Way Think
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1. 3 Engagement Letter and Questionnaire
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2. 26 Engagement Letter
3. 28-New-Client-Engagement-Questionnaire (1)
4. 28 New Client Engagement Questionnaire
5. Accounting Comic Break
1. 4 Create New Company File & QuickBooks File
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2. 30-Ouline-Sample-Engagement
3. 30 Outline Sample Engagement
4. 60 Organize Documents Download Bank Statement
5. 70 New Company File
6. Accounting Comic Break
1. 5 Enter Data From Bank Statement for Month One Into QuickBooks
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2. 80 Bank Statement Overview
3. 85 Enter Deposits From Bank Statement First Month
4. 87 Entering Cash Outflows Strategy
5. 88 Entering Cash Outflows Part 1
6. 89 Entering Cash Outflows Part 2
7. 90 Review Reports After Data Entry For First Month
8. Accounting Comic Break
1. 6 Bank Reconciliation For Month One In QuickBooks
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2. 92 Bank Reconciliation Overview
3. 94 Bank Reconciliation First Month
4. Accounting Comic Break
1. 7 Enter Data From Bank Statement for Month Two In QuickBooks
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2. 100 Enter Transactions Second Month Setup Process
3. 102 Enter Deposits From Bank Statement Second Month
4. 104 Enter Cash Outflows From Bank Statement Second Month Part 1
5. 106 Enter Cash Outflows From Bank Statement Second Month Part 2
6. 108 Review Reports After Entering Data From Bank Statement For Second Month
7. Accounting Comic Break
1. 8 Bank Reconciliation For Month Two In QuickBooks
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2. 110 Bank Reconciliation First Second
3. Accounting Comic Break
1. 9 Payroll Options and Entry Using QuickBooks
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2. 120-Paryoll-Options (1)
3. 120 Payroll Options
4. 122 Categorize Payroll Payments
5. 123 QuickBooks Desktop Version Payroll Example
6. 125 Add Employees
7. 127 Process Payroll
8. 127.2 Process Payroll Plain Payroll
9. 127.4 Payroll Tax Forms & Payment Set Up
10. 127.6 Payroll Forms After Plain Payroll Financials & 941
11. 128 QuickBooks Online Process Paid Payroll Example
12. Accounting Comic Break
1. 10 Equipment and Financing Options and Entry Using QuickBooks
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2. 130-Equipment-Financed-Options
3. 130 Equipment Financed Options
4. 132 Equipment Financed Record Amount Paid
5. 136 Equipment Financed Record Loan
6. Accounting Comic Break
1. 11 Loan Payments Options and Data Entry Using QuickBooks
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2. 140-Loan-Payment-Options (1)
3. 140 Loan Payment Options
4. 142 Enter Loan Balance Record Payments as Reduction To Loan Balance
5. 143 Loan Amortization Interest vs Principal
6. 146 Enter Loan Balance & Break Out Interest & Principal Portion Of Loan Payments
7. Accounting Comic Break
1. 12 Insurance Payments Options and Data Entry Using QuickBooks
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2. 150-Insurance-Options
3. 150 Insurance Options
4. 152 Enter All Insurance Payments As Insurance Expense & Let Accountant Adjust If Needed
5. 154 Enter All Insurance Payments As Prepaid Insurance & Let Accountant Make Year End Adjustment
6. Accounting Comic Break
1. 13 Credit Card Options and Data Entry Using QuickBooks
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2. 160-Credit-Card-Options
3. 160 Credit Card Options
4. 162 Enter Credit Card Payments The Easy Method
5. 164 Enter Credit Card Payments As They Clear Bank & Assign Expense Accounts Based On Credit Card
6. 166 Enter Credit Card Liability & Apply Payments To The Liability Account
7. Accounting Comic Break
1. 14 Invoice and Accounts Receivable Options and Data Entry Using
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2. 170-Invoicing-and-AR-Options
3. 170 Invoice & Accounts Receivable Options
4. 176 Enter Invoices Into The System & Track Accounts Receivable
5. Accounting Comic Break
1. 15 Adjust Remaining Outstanding Items Data Entry Questions
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2. 180-Adjust-Open-Items
3. 180 Adjust Open Items
4. Accounting Comic Break
1. 16 Creating & Formatting Month End Reports
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2. 185 Month End Documentations
3. 186 Formatting Month End Documents PDF & Excel
4. 187 Formatting, Presenting, & Delivering Reports to Clients
5. Accounting Comic Break
1. 17 Creating & Formatting Year End Reports
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2. 190-Year-End-Documents
3. 190 Year End Documentations
4. 192 Generating Year End Reports
5. Accounting Comic Break
1. 18 Describing and Entering Adjusting Entries
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2. 210 Adjusting Entries Options
3. 211 Adjusting Entries Worksheet
4. 212 Payroll Adjusting Entries
5. 215 Equipment Adjusting Entries Depreciation
6. 217 Loan Payment Adjusting Entries
7. 219 Insurance Adjusting Entries
8. 240 Options For Entering Adjusting Entries To QuickBooks
9. 244 Enter Adjusting Entries Into QuickBooks
10. Accounting Comic Break

About this course

$49.99
112 lessons
13.5 hours of video content

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Description

QuickBooks Online 2019 bookkeeping business designed for small business clients or small businesses who want a simple cash basis format for entering data.

This course is designed for bookkeepers and is also useful for small business owners who want a simple system for entering financial data into QuickBooks for financial planning and year-end tax preparation.

The bookkeeping system we discuss will also describe the relationship between the bookkeeper, the business, and the year-end tax and financial statement preparers.

We will outline a cash basis bookkeeping system using QuickBooks, a system that will enter most transactions directly into the check register.

The course will discuss the responsibilities of a bookkeeper and the responsibilities of the business when a bookkeeping engagement in entered into.

We will work through a sample bookkeeping project in QuickBooks including the setting up of a new QuickBooks company file.

The course will practice entering data into the QuickBooks register directly from a bank statement. We will provide practice bank statements to use with the project as well as step by step instructional videos.

As we enter data directly into the check register from the bank statement, we will compare and contrast the cash basis system we are using to a full accounting cycle system. We will also review the financial statements periodically to see how QuickBooks is using the data to make reports.

After entering data into the QuickBooks check register from the bank statement, we will perform bank reconciliations. As we perform bank reconciliations, we will discuss what a bank reconciliation is and the benefits a bank reconciliation provides.

The course will then discuss options for entering specific accounting data into QuickBooks including payroll, equipment, loan payments, insurance, credit card payments, and invoices. We will provide practice QuickBooks files for different options related to the items listed above and explore the pros and cons of each option. The bookkeeping options will help tailor our system to our specific bookkeeping needs.

As we enter accounting data into the system we will discuss common questions we will have when entering the first few months of data and how to write down these questions, move forward with data input, and organize the financial data so that we can quickly go back to it once our client questions are answered.

This course will discuss, print, and export month end and year end reports, reports a bookkeeper may provide to clients monthly and reports the business will need at year-end for tax preparation.

We will discuss year-end adjusting entries. The bookkeeping system we propose will depend on an outside accounting firm, tax preparer, or CPA firm to help with the year-end adjusting entries. As bookkeepers we want to be aware of the adjusting entry process so we can work with any year-end accounting firm, tax preparer, or CPA firm. We will enter common adjusting entries into an adjusting entry Excel worksheet and into Quickbooks.

Finally, we will discuss whether or not to enter the year-end adjusting entries into our QuickBooks bookkeeping system and different options to do so.

In addition to the instructional videos, this course will include downloadable

• Excel practice files

• Downloadable PDF Files

Excel practice files will be preformatted and will generally have at least two tabs, one tab with the completed work and a second tab with a preformatted worksheet we can fill in as we watch the instructional videos.

Who will we be learning from?

What you’ll learn

How to outline a simple bookkeeping system for a small business using QuickBooks Online
How to network between the bookkeeper, business owner, and year-end tax accounting firm, CPA firm or tax preparer
How to set up a simple Bookkeeping company file in QuickBooks Online 2019 and store it on a computer
How to use an easy method to enter financial data into QuickBooks Online 2019 from the bank statement
How to identify common problems when entering financial data and strategies for overcoming them
How to reconcile the bank accounts in QuickBooks Online 2019
How to analyses payroll options including the options to work with a third-party payroll company or to enter payroll into QuickBooks
The basics of entering payroll into QuickBooks Online 2019
How to enter equipment purchases into QuickBooks Online 2019
How to enter loan payments into QuickBooks Online 2019
How to enter insurance payments into QuickBooks Online 2019
How to enter credit card charges into QuickBooks Online 2019
How to format month-end and year-end reports using QuickBooks Online 2019
How to enter adjusting entries into QuickBooks Online 2019 or prior year and work with accounting firms, CPA firms, or tax preparer to help with them

Are there any course requirements or prerequisites?

We should be familiar with QuickBooks and or accounting.

Who this course is for:

Bookkeepers who want do design a bookkeeping business using QuickBooks Pro Online 2019
Small business owners who want a simple system to enter data into QuickBooks Online 2019 or prior to help year-end tax preparation & regulatory needs
Small business owners who want to learn how best to work with a bookkeeper and or year-end accounting firm and tax preparer
Students who want to understand bookkeeping from a practical perspective

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.

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