Course curriculum

  • 01

    Setup New Company

    • 6.05 QuickBooks Online Comprehensive Problem Introduction

    • 6.07 30 – Day Free Trial Setup

    • Data files to use for reference

  • 02

    Company Preferences & Beginning Balances

    • 6.15 Account & Settings Company Tab

    • 6.20 Account & Settings - Billing & Subscription, Usage, & Sales Tabs

    • 6.25 Account & Settings - Expenses, Payments, & Advanced Tabs

    • 6.30 Managing Users

    • 6.35 Dark Mode QuickBooks Labs

    • 6.45 Beginning Balances, Customers, Vendors, & Products & Services
  • 03

    Adding Service Items & Inventory Items

    • 6.50 Enter Service Items

    • 6.55 Inventory Tracking Options

    • 6.60 Add Inventory Items & Opening Balance
  • 04

    Sales Tax Setup, Add Customers, & Add Vendors

    • 6.65 Setup Sales Tax

    • 6.70 Accounts Receivable Beginning Balance & New Customers

    • 6.75 Accounts Payable Beginning Balance & New Vendors
  • 05

    Opening Balances, Adjustments to Equity Section, & Manual Payroll Setup

    • 6.80 Opening Balances & Add Accounts to Chart of Accounts

    • 6.85 Adjust Opening Balance Equity Accounts

    • 6.87 Payroll Setup
  • 06

    Month 1 - Record Owner Investment, Purchase of Fixed Asset & Investment

    • 7.05 Deposits From Owner & Loan

    • 7.10 Purchase Depreciable Asset & Make Investment in Securities

    • 7.13 Check Entry Correction
  • 07

    Month 1 - Enter Purchase Order & Enter Check or Expense Form from PO

    • 7.17 Enter Purchase Order P.O.

    • 7.18 Use Purchase Order to Make Check or Expense Form
  • 08

    Month 1 - Enter Invoice, Sales Receipt, & Deposits

    • 7.20 Create Invoice Sale of Inventory Item

    • 7.25 Receive Payment on Invoices

    • 7.30 Sales Receipt Payment Received at Point of Sale

    • 7.35 Deposit From Sales Receipt & Receive Payment Forms
  • 09

    Month 1 - Enter Invoice, Receive Payment, Bill

    • 7.45 Invoices Created from Check Created from P.O.

    • 7.50 Receive Payment & Make Deposit

    • 7.55 Write Checks for Expenses & Prepaid Assets

    • 7.60 Pay Bill Form
  • 10

    Month 1 - Create Customer Job, Pay Employees, & Create Sales Receipt for job

    • 7.65 Job, Sub Customer, & Project

    • 7.70 Pay Employees

    • 7.77 Correct a Sales Receipt

    • 7.80 Generate Reports After One Month of Data Input
  • 11

    Month 2 – Enter Loan Payments & Create Amortization Tables

    • 8.05 Make Loan Amortization Table

    • 8.07 Make Loan Payments Using an Amortization Table

    • 8.10 Short-Term Investment Sale Record Gain or Loss
  • 12

    Month 2 – Enter Purchase Order, Bill, Sales Receipt, & Deposit

    • 8.15 Purchase Order & New Inventory Item

    • 8.20 Receipt of Inventory Create Bill from Purchase Order

    • 8.25 Record Sales Receipt & Make Deposit
  • 13

    Month 2 – Advanced Customer Deposit – Unearned Revenue

    • 8.30 Advanced Customer Deposit Payment

    • 8.35 Apply Customer Deposit (Credit) to Invoice

    • 8.40 Populate Invoice From Billable Item on Bill Form

    • 8.45 Customer Prepayment Unearned Revenue Two Methods
  • 14

    Month 2 – Pay Bill for Inventory, Pay Sales Tax, & Pay Payroll Tax

    • 8.50 Pay Bill That Was Created From P.O.

    • 8.55 Track & Pay Invoices From Customer Center

    • 8.60 Pay Sales Tax

    • 8.65 Pay Payroll Tax

    • 8.70 Bills - Enter, Sort, & Pay
  • 15

    Month 2 – Add Service Items, Record Rental Income, & Purchase Equipment

    • 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 Add Sub-Accounts
  • 16

    Month 2 – Enter Payroll & Create Reports

    • 8.80 Enter Payroll For Second Month

    • 8.86 Create Reports After Second Month Including Comparative Financial Statements

Description

Learners will set up a new company file and enter two months of data input.

We will understand how to get access to QuickBooks Online, including access to a trial version, often offered for free. The trail version of the software will provide us a clean file to work with.

Learners will set up the chart of accounts and enter beginning balances. We will add service items and inventory items.

The course will show how to set up sales tax, add customers, and add vendors.

We will know how the Opening Balance Equity account is used by QuickBooks and how to make adjustment to it at the end of the initial set up process.

Learners will then enter two months of data input, getting practice entering most normal transaction in the accounting cycle.

After entering each transaction, we will analyze the impact on the financial statements because the financial statements are our end product.

The first month of data input is usually more difficult because we need to add new customers, vendors, and accounts as we go. The second month of data impute will provide us with a better idea of the normal data input process after the set up is done. QuickBooks will memorize transactions and help autofill information, making the second month easier.