Course curriculum

  • 01

    Getting Started - Getting Setup

    • 05 Recommendations For Success Quickbooks Online

    • 10 Purchase With 30 Day Trial Quickbooks Online

    • 10 Xero Free 30-Day Trial

    • 12 Bank Feeds Quickbooks

    • 12 Bank Feeds Overview Xero

    • 1.05 Navigation Overview Quickbooks Online

    • 1.05 Navigation Overview Xero

  • 02

    Customer Cycle , Cycle, or Accounts Receivable Cycle

    • 1.15 Customers Section Flow Quickbooks

    • 1.15 Customers Section Flow Xero

    • 1.16 Customers Section Invoice Quickbooks

    • 1.16 Customer Section Invoice Xero

    • 1.17 Customers Section Receive Payment Quickbooks

    • 1.17 Customers Section Receive Payment Xero

    • 1.18 Customers Section Deposit Quickbooks

    • 1.18 Customers Section Deposit from Clearing Xero

    • 1.19 Customers Section Sales Receipts Quickbooks

    • 1.19 Customers Section Sales Receipts Xero

  • 03

    Vendor Cycle, Purchases Cycle, or Sales Cycle

    • 1.20 P1 Vendors Section Flow Quickbooks

    • 1.20 P2 Vendors Section Bill Form Quickbooks

    • 1.20 Vendors Section Bill Form Xero

    • 1.22 Vendors Section Pay Bill Form Quickbooks

    • 1.22 Vendor Section Payable Payment Xero

    • 1.23 Vendors Section Purchase Order Quickbooks

    • 1.23 Vendors Section Purchase Order Xero

    • 1.24 Vendors Section Check Quickbooks

    • 1.24 Vendors Section Check Xero

  • 04

    Employee Cycle and Other Core Features

    • 1.25 Employee Section Quickbooks

    • 1.25 Employee Section Xero

    • 1.28 Others Section Quickbooks

    • 1.28 Others Section Xero

    • 1.30 Reports Quickbooks

    • 1.30 Reports Xero

    • 1.35 Lists Quickbooks

    • 1.40 Help Options Quickbooks

    • 1.40 Help Options Xero

    • 1.45 Print & Export Reports to Excel Quickbooks

    • 1.45 Print & Export Reports to Excel Xero

    • 1.50 Backup Options Quickbooks

    • 1.50 Backup Options Xero

  • 05

    Balance Sheet Reports

    • QuickBooks Data Files to Download

    • Xero Data Files to Download

    • 2.10 Balance Sheet Quickbooks

    • 2.10 Balance Sheet Xero

    • 2.15 Balance Sheet Report Options quickbooks

    • 2.15 Balance Sheet Report Settings Xero

    • 2.20 Header Footer Options quickbooks

    • 2.20 Balance Sheet Edit Layout Xero

    • 2.30 Comparative Balance Sheet quickbooks

    • 2.30 Comparative Balance Sheet Xero

    • 2.40 Summary Balance Sheet quickbooks

    • 2.40 Summary Balance Sheet Xero

    • 2.50 Memorize Custom Report Group quickbooks

    • 2.50 Memorize Custom Report Group Xero

  • 06

    Profit and Loss or Income Statement Reports

    • 3.10 Profit and Loss quickbooks

    • 3.10 Income Statement Xero

    • 3.15 Income Statement Custom & Memorize quickbooks

    • 3.20 Comparative Profit & Loss quickbooks

    • 3.20 Comparative Income Statement Xero

    • 3.25 Vertical Analysis Profit & Loss quickbooks

    • 3.25 Vertical Analysis Income Statement Xero

    • 3.30 % of Expense Profit & Loss quickbooks

    • 3.30 % of Expense Income Statement Xero

  • 07

    Statement of Cash flows & Other Common Reports

    • 4.10 Statement of Cash Flows quickbooks

    • 4.10 Statement of Cash Flows Xero

    • 4.20 Income By Contact Report quickbooks

    • 4.20 Income By Contact Report Xero

    • 4.30 Aged Receivables Report quickbooks

    • 4.30 Aged Receivables Report Xero

    • 4.35 Aged Payables Reports quickbooks

    • 4.35 Aged Payables Reports Xero

    • 4.40 Sales Graphs quickbooks

    • 4.40 Sales Graphs Xero

    • 4.45 AR & AP Graphs Xero

  • 08

    Course Project Start - Set Up New Company File, Preferences, & Users

    • 6.01 Set Up Organization Details Xero

    • 6.02 Users Add & Manage Xero

    • 6.03 Add Apps, Currencies, & Subscriptions Xero

    • 6.05 Payment Services, Invoicing, & Features Xero

    • 6.06 Projects, Files, & Other Settings Xero

    • 6.07 Set up Company Information & Preferences Part 2 quickbooks

    • 6.08 Manage Users Custom Form Styles quickbooks

  • 09

    Set Up Service & Inventory Items & Enter Inventory Beginning Balance

    • 6.09 Objective quickbooks

    • 6.09 Objective Xero

    • 6.10 Items - Service Set Up Part 1 quickbooks

    • 6.10 Items - Service Set Up Part 1 Xero

    • 6.11 Items - Service Set Up Part 2 quickbooks

    • 6.11 Items - Service Set Up Part 2 Xero

    • 6.13 Items – Inventory Set Up Part 1 quickbooks

    • 6.13 Items – Inventory Set Up Part 1 Xero

    • 6.14 Items – Inventory Set Up Part 2 quickbooks

    • 6.14 Items – Inventory Set Up Part 2 Xero

    • 6.14 Items – Inventory Set Up Part 3 quickbooks

    • 6.14 Items – Inventory Set Up Part 3 Xero

  • 10

    Add Customers & Vendors - Enter AR and AP Beginning Balances

    • 6.15 Set Up Customers & Beginning Balances quickbooks

    • 6.15 Set Up Customers & Beginning Balances Xero

    • 6.16 Set Up Customers & Beginning Balances Part 2 quickbooks

    • 6.20 Set Up Vendors & Beginning Balances quickbooks

    • 6.20 Set Up Vendors & Beginning Balances Xero

  • 11

    Add Accounts & Beginning Balances, Checking, Credit Card, Notes Payable, Equip.

    • 6.25 Add Bank Account quickbooks

    • 6.25 Add Bank Account Xero

    • 6.26 Add Credit Card quickbooks

    • 6.26 Add Credit Card Xero

    • 6.27 Add Notes Payable quickbooks

    • 6.27 Add Notes Payable Xero

    • 6.28 Add Equipment Account quickbooks

    • 6.28 Add Equipment Account Xero

  • 12

    Adjust Equity, Payroll Options, & Reports

    • 6.35 Payroll Options quickbooks

    • 6.35 Payroll Options Xero

    • 6.50 Adjust Beginning Account Balances Quickbooks

    • 6.55 Generate Transaction Detail Report Quickbooks

    • 6.55 Generate Transaction Detail Report Xero

  • 13

    Deposits from Owner & Loan, Purchase Furniture, Sales Tax Set Up

    • 7.05 Record Owner & Loan Deposit quickbooks

    • 7.05 Record Owner & Loan Deposit Xero

    • 7.10 Part 1 Record Purchase Furniture Quickbooks

    • 7.10 1 Record Purchase Furniture Xero

    • 7.10 2 Record Short-Term Investment Xero

    • 7.16 Sales Tax Set Up quickbooks

    • 7.16 Sales Tax Set Up Xero

  • 14

    Month 1 - Purchase Orders & Invoices

    • 7.17 Purchase Order Part 1 quickbooks

    • 7.17 Purchase Order Part 1 Xero

    • 7.18 Purchase Order & Add Inventory Item quickbooks

    • 7.18 Purchase Order & Add Inventory Item Xero

    • 7.20 Create an Invoice with Inventory Part 1 quickbooks

    • 7.20 Part 1 Create an Invoice with Inventory Part 1 Xero

    • 7.20 Create an Invoice with Inventory Part 2 quickbooks

    • 7.20 Part 2 Create an Invoice with Inventory Xero

  • 15

    Month 1 - Receive Payments Forms

    • 7.25 Part 1 Receive Payment quickbooks

    • 7.25 Part 1 Receive Payment Xero

    • 7.25 Part 2 Receive Payment quickbooks

    • 7.25 Part 2 Receive Payment Xero

  • 16

    Month 1 - Sales Receipt & Deposit

    • 7.30 Part 1 Sales Receipt Part 1 quickbooks

    • 7.30 Part 1 Sales Receipt Xero

    • 7.30 Part 2 Sales Receipt Service Item quickbooks

    • 7.30 Part 2 Sales Receipt Service Item Xero

    • 7.35 Deposit Records Group Deposits quickbooks

    • 7.35 Deposit Records Group Deposits Xero

  • 17

    Month 1 - Receive Inventory & Link Expense Form to Purchase Order

    • 7.40 Inventory Payment Link to P.O. Part 1 quickbooks

    • 7.40 1 P.O. Billed & Paid Part 1 Xero

    • 7.40 Inventory Payment Link to P.O. Part 2 quickbooks

    • 7.40 2 P.O. Billed & Paid Part 2 Xero

  • 18

    Month 1 - Create Invoice From Linked Billable Expense & Make Deposit

    • 7.45 Invoice Created By Billable Expense Part 1 quickbooks

    • 7.45 Invoice Created From Purchase Order Part 1 Xero

    • 7.46 Create Invoice From Billable Expense Part 2 quickbooks

    • 7.46 Invoice Created From Purchase Order Part 2 Xero

    • 7.50 Receive Payment & Make Deposit quickbooks

    • 7.50 Receive Payment & Make Deposit Xero

  • 19

    Month 1 – Enter Checks & Expenses & Pay Bills

    • 7.55 Enter Check & Expense Forms quickbooks

    • 7.55 Enter Check & Expense Forms Xero

    • 7.60 Pay Bills quickbooks

    • 7.60 Pay Bills Xero

  • 20

    Month 1 – Customer Jobs & Sub Customers, Projects, & Payroll

    • 7.65 Customer Jobs or Sub Customer quickbooks

    • 7.65 Projects xero

    • 7.70 Pay Employees Part 1 quickbooks

    • 7.70 Pay Employees Part 1 xero

    • 7.71 Pay Employees Part 2 quickbooks

    • 7.71 Pay Employees Part 2 xero

    • 7.75 Job or Sub Customer Sales Receipt quickbooks

    • 7.75 Sales Receipt Service Item xero

  • 21

    Month 1 – Reports & Review of Data Input

    • 7.80 Generate Report Export to Excel quickbooks

    • 7.80 Generate Report Export to Excel xero

  • 22

    Month 2 - Loan Payments & Short Term Investment Sale

    • 8.02 Consolidate Loans quickbooks

    • 8.02 Consolidate Loans xero

    • 8.03 Loan Amortization Table quickbooks

    • 8.03 Loan Amortization Table xero

    • 8.05 Make Loan Payments quickbooks

    • 8.05 Make Loan Payments xero

    • 8.10 Short Term Investment Deposit quickbooks

    • 8.10 Short Term Investment Deposit xero

  • 23

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

    • 8.15 Purchase Order With New Inventory Item quickbooks

    • 8.15 Purchase Order With New Inventory Item xero

    • 8.20 Receive Inventory Requested With P.O. Enter Bill quickbooks

    • 8.20 Receive Inventory Requested With P.O. Enter Bill xero

    • 8.25 Sales Receipts & Deposit quickbooks

    • 8.25 Sales Receipts & Deposit xero

  • 24

    Month 2 – Advanced Payments & Apply Credit to Invoice

    • 8.30 Advanced Payment From Customer quickbooks

    • 8.30 Advanced Payment From Customer xero

    • 8.35 Apply Credit Or Advanced Payment to Invoice quickbooks

    • 8.35 Apply Credit Or Advanced Payment to Invoice xero

    • 8.40 Record Sales on Account quickbooks

    • 8.40 Record Sales on Account xero

    • 8.45 Advance Customer Payment or Deposit quickbooks

    • 8.45 Advance Customer Payment or Deposit xero

  • 25

    Enter Bills, Pay Bills, Customer Payment, Pay Sales & Payroll Tax

    • 8.50 Bills Track & Pay quickbooks

    • 8.50 Bills Track & Pay xero

    • 8.55 Customer Payment & Deposit quickbooks

    • 8.55 Customer Payment & Deposit xero

    • 8.60 Pay Sales Tax quickbooks

    • 8.60 Pay Sales Tax xero

    • 8.65 Pay Payroll Tax quickbooks

    • 8.65 Pay Payroll Taxes xero

    • 8.70 Enter Bills & Pay Bills quickbooks

    • 8.70 Enter Bills & Pay Bills xero

  • 26

    Month 2 – New Service Items to Invoice, Finance Equipment, & Payroll

    • 8.75 Enter Service Items & Invoices quickbooks

    • 8.75 Enter Service Items & Invoices xero

    • 8.77 Purchase Equipment with Debt quickbooks

    • 8.77 Purchase Equipment with Debt xero

    • 8.80 Payroll quickbooks

    • 8.80 Payroll xero

    • 8.90 Rental Income New Service Item New Income Account Quickbooks

    • 8.90 Rental Income New Service Item New Income Account xero

  • 27

    Month 2 – Month End Reports

    • 8.95 Comparative Financial Statements quickbooks

    • 8.95 Comparative Financial Statements xero

  • 28

    Bank Reconciliations

    • 9.02 Bank Reconciliation Objective quickbooks

    • 9.02 Bank Reconciliation Objective xero

    • 9.10 Bank Reconciliation First Month Part 1 Deposits quickbooks

    • 9.10 Bank Reconciliation First Month Part 1 Deposits xero

    • 9.11 Bank Reconciliation First Month Part 2 quickbooks

    • 9.11 Bank Reconciliation First Month Part 2 xero

    • 9.12 Bank Reconciliation First Month Part 3 Review Report quickbooks

    • 9.14 Bank Reconciliation Second Month Part 1 quickbooks

    • 9.14 Bank Reconciliation Second Month Part 1 Deposits Xero

    • 9.15 Bank Reconciliation Second Month Part 2 quickbooks

    • 9.15 Bank Reconciliation Second Month Outflows Xero

    • 9.17 Bank Reconciliation Second Month Part 3 quickbooks

  • 29

    Month End Adjusting Entries & Reversing Entries

    • 10.10 Short Term Loan Adjusting Entry quickbooks

    • 10.10 Short Term Loan Adjusting Entry Xero

    • 10.11 Short Term Portion Of Loan Adjusting Entry Quickbooks

    • 10.11 Short Term Portion Of Loan Adjusting Entry xero

    • 10.15 Accrued Interest Adjusting Entry quickbooks

    • 10.15 Loan Payable Adjusting Entry #2 xero

    • 10.17 Reversing Entry Notes Payable quickbooks

    • 10.17 Reversing Entry Notes Payable xero

    • 10.25 Accrued Interest Reversing Entry quickbooks

    • 10.25 Accrued Interest Reversing Entry xero

    • 10.25 Invoice & AR Adjusting Entry Part 1 The Problem quickbooks

    • 10.25 Invoice & AR Adjusting Entry xero

    • 10.26 Invoice & AR Adjusting Entry Part 2 Solution quickbooks

    • 10.26 Invoice & AR Adjusting Entry Part 2 Solution xero

    • 10.35 Accounts Receivable Reversing Entry quickbooks

    • 10.35 Accounts Receivable Reversing Entry xero

    • 10.40 Prepaid Insurance Adjusting Entry quickbooks

    • 10.40 Prepaid Insurance Adjusting Entry xero

    • 10.45 Unearned Revenue Adjusting Entry quickbooks

    • 10.45 Depreciation Adjusting Entry xero

    • 10.55 Unearned Revenue Reversing Entry quickbooks

    • 10.57 Journal Report & Financial Statements quickbooks

    • 10.57 Journal Report & Financial Statements xero

  • 30

    Bank Feeds

    • QuickBooks Bank Feed Data Files

    • Xero Data Files to Download

    • 315 Quickbooks How Do Bank Feeds Fit Into My Accounting System

    • 315 Xero How Do Bank Feeds Fit Into My Accounting System

    • 320 Quickbooks Project Outline

    • 320 Xero Project Outline

    • 325 Quickbooks Set Up Bank Feeds

    • 325 Xero Set Up Bank Feeds

    • 360 Quickbooks Download Transactions From Bank

    • 360 Xero Download Transactions From Bank

    • 365 Quickbooks Import Bank Data

    • 365 Xero Import Bank Data

    • 370 Quickbooks Add Expense transactions

    • 370 Xero Add Expense transactions

    • 375 Quickbooks Add Capital Expenditures

    • 375 Xero Add Capital Expenditures

    • 376 Xero Add Capital Expenditures Part 2

    • 380 Quickbooks Add Inventory Purchase

    • 380 Xero Add Inventory Purchase

    • 385 Quickbooks Add Amount Paid for Investment

    • 385 Xero Add Amount Paid for Investment

    • 390 Quickbooks Add Owner Withdraws

    • 390 Xero Add Owner Withdraws

    • 395 Xero Add Bank Charge

    • 400 Quickbooks Sales Tax

    • 400 Xero Sales Tax Set Up

    • 400 Xero Sales Tax Calculation

    • 405 Quickbooks 1 Deposit Owner

    • 405 Xero Deposit Owner

    • 405 Xero Deposit Loan

    • 406 Xero Bank Beginning Balance

    • 407 Quickbooks Bank Reconciliation

    • 415 Quickbooks Upload Bank Transactions

    • 415 1 Xero Upload Bank Transactions

    • 420 Quickbooks Add Expenses

    • 415 2 Xero Add Expenses

    • 420 Xero Add Insurance

    • 425 Quickbooks Add Payroll Checks

    • 425 Xero Add Payroll Checks

    • 430 Quickbooks Add Inventory

    • 430 1 Xero Add Inventory

    • 430 2 Xero Add Loan Payment

    • 435 Quickbooks Add Draw

    • 435 Xero Add Draw

    • 440 2 Xero One Deposit Two Invoices

    • 440 1 Xero Receive Payments On Invoice

    • 445 Quickbooks Sales Receipt & Bank Feeds

    • 445 Xero Sales Receipt & Bank Feeds

    • 450 Quickbooks Bank Reconciliation

    • 450 Xero Bank Reconciliation

    • 460 Quickbooks Credit Card Bank Feeds Upload

    • 460 Xero Credit Card Bank Feeds Upload

    • 465 Quickbooks Add Credit Card Bank Feed Data

    • 465 1 Xero Add Credit Card Bank Feed Data

    • 470 Quickbooks Reconcile Credit Card

    • 470 1 Xero Reconcile Credit Card

    • 470 Quickbooks Upload Bank Transactions

    • 470 2 Xero Upload Bank Transactions to Create Bank Rules

    • 480 Quickbooks Bank Rules Amount Limit

    • 485 Quickbooks Bank Rules Split Into Two Accounts

    • 490 Quickbooks Bank Rules One Vendor Two Expense Accounts

    • 495 Quickbooks Bank Rules More Rules & Techniques

    • 495 Xero Bank Rules More Rules

Description

This course will compare two leading online accounting software applications, QuickBooks Online and Xero, in a step by step format.

This is a comprehensive accounting course.

We will discuss the purchasing options and the best tools to learn these accounting software packages at the lowest cost.

Learners will understand how to set up a new company file in each software package.

The course will demonstrate how to navigate each software package and how to generate, analyze, and customize common financial reports.

We will learn how to create inventory and service items and how they are used to create invoices, purchase orders, and sales receipts.

The course will show how to enter two months of data in a step by step process, comparing the two accounting software packages at every level along the way.

The course will demonstrate how to complete bank reconciliations and enter adjusting and reversing entries.

We will also learn how bank feeds work. Bank feeds are the ability to connect directly to the bank and download financial information into the accounting software.

The course will provide practice data to learn how bank feeds work. Learners will also understand how to make bank rules to automate the bookkeeping process further.

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.