QuickBooks Online 2022 #4 Adjusting Entries & Reversing Entries
This is the fourth in a series of courses covering QuickBooks Online 2022; comprehensively.
Transfer Data From QuickBooks Desktop Backup File
Documents to Download
OneNote Resource
10120 Adjusting Entries and Reversing Entries Introduction
Documents to Download
10180 Adjusting Entry Accrued Interest
10220 Reversing Entry Accrued Interest
10260 Adjusting Entry Accounts Receivable-Sales
10300 Reversing Entry Accounts Receivable Sales
10340 Adjusting Entry Prepaid Insurance
10380 Adjusting Entry Depreciation
10400 Adjusting Entry Unearned Revenue Customer Deposit
10460 Reversing Entry Unearned Revenue Customer Deposit
This course is the fourth in a series of courses covering QuickBooks Online 2022; comprehensively.
We will enter period end, typically month or year-end, adjusting entries.
Learners will understand the process of adjusting entries and how and why adjusting entries are separate from the general data input process.
We will learn how to transition from the accounting data input to the adjusting process and back to data input for the following month as smoothly as possible.
Making the transitions between the accounting data input and adjusting entries smooth requires reversing entries.
We will discuss which entries should need reversing and why. Learners will understand how to enter reversing entries.
The course will also cover the generation of reports, using filtering options, to show the adjusting and reversing entries.