Business > Entrepreneurship
15 h
£39.99 Free for 2 days
Master QuickBooks Pro Desktop: A Bookkeeper's Guide to Efficient Small Business Accounting
What you will learn:
- Master a streamlined bookkeeping system for small businesses using QuickBooks Pro Desktop.
- Build effective communication between bookkeepers, business owners, and tax professionals.
- Efficiently set up and manage QuickBooks company files.
- Learn a straightforward method for entering financial data from bank statements.
- Develop strategies to overcome common data entry challenges.
- Perform accurate bank reconciliations.
- Explore and implement payroll solutions in QuickBooks.
- Learn the basics of entering payroll information into QuickBooks.
- Understand and apply methods for recording equipment purchases.
- Manage loan payments accurately within QuickBooks.
- Process insurance payments correctly in QuickBooks.
- Handle credit card transactions effectively.
- Generate professional month-end and year-end reports.
- Understand and apply adjusting entries for year-end financial reporting.
Description
Elevate your bookkeeping skills and confidently manage small business finances with our practical QuickBooks Pro Desktop course.
Designed for both aspiring and experienced bookkeepers, this course provides a step-by-step guide to setting up and utilizing QuickBooks Pro Desktop for efficient cash-basis accounting. Learn to navigate the software with ease, mastering data entry, bank reconciliation, and report generation. You’ll gain a solid understanding of the bookkeeper-client-tax professional relationship, and how to effectively communicate financial information.
We'll walk you through a complete bookkeeping project, covering everything from creating a new company file and entering data directly from bank statements to performing bank reconciliations. We'll explore various accounting scenarios, including payroll, equipment purchases, loan payments, insurance, credit card transactions, and invoicing. You'll learn different approaches for each, weighing the pros and cons to find the best fit for your clients' needs.
This course emphasizes practical application with downloadable QuickBooks backup files, Excel practice files, and detailed PDF guides. Throughout, we’ll address common data entry challenges and develop strategies for efficient data organization and problem-solving. The course concludes by demonstrating how to generate clear, professional month-end and year-end reports, ready for client delivery and tax preparation.
Taught by a CPA, CGMA, and experienced instructor, this course offers invaluable insights and best practices for accurate and efficient bookkeeping. With a focus on practical skills and real-world applications, this course is your key to mastering QuickBooks Pro Desktop and building a thriving bookkeeping practice.
Curriculum
Introduction
This introductory section sets the stage for the entire course. The single lecture, "QuickBooks Pro Bookkeeping The Easy Way For Small Businesses Outline," provides a comprehensive overview of the course structure and what you'll learn, ensuring you're well-prepared for the journey ahead. It's an essential starting point to understand the course's scope and objectives.
Bookkeeping Project Outline and Plan Using QuickBooks Pro Desktop 2019
This section establishes the foundation for your bookkeeping practice by outlining a robust project plan. You will explore the use of data files and QuickBooks backup files, examine sample engagement outlines, and understand the importance of networking with other professionals. Lectures cover client engagement strategies, service provision, and the efficient utilization of bank feeds. This section prepares you for the hands-on activities that follow.
Engagement Letter and Questionnaire
This crucial section guides you through the process of establishing a professional relationship with clients. It details the creation of an engagement letter, ensuring a clear understanding of services and expectations. A new client engagement questionnaire is also examined, enabling you to gather essential information for effective bookkeeping. This section emphasizes the importance of clear communication and well-defined professional boundaries.
Create New Company File & QuickBooks File Using QuickBooks Pro Desktop 2019
Here, you'll learn the essential steps to set up a new company file in QuickBooks Pro Desktop 2019. Lectures cover the process from beginning to end, providing a detailed walkthrough to ensure a solid foundation for your bookkeeping projects. This is a hands-on section that empowers you to start managing client finances efficiently and effectively in QuickBooks.
Enter Data From Bank Statement for Month One Into QuickBooks Desktop Pro 2019
This section focuses on the practical application of data entry. You will learn to enter financial data directly from a bank statement into QuickBooks, covering both deposits and outflows. You'll review reports after data entry to ensure accuracy and identify potential issues. This provides valuable hands-on experience in the core bookkeeping process.
Bank Reconciliation For Month One In QuickBooks Desktop Pro 2019
Having entered the data, this section teaches you how to perform bank reconciliations in QuickBooks. You'll learn the process step-by-step, understanding the importance of accurate bank reconciliations for maintaining financial integrity. This ensures that your bookkeeping practices are precise and reliable.
Enter Data From Bank Statement for Month Two In QuickBooks Pro Desktop 2019
Building upon the previous month, this section provides further hands-on practice with data entry and demonstrates the ongoing processes involved in maintaining financial records. You will reinforce your skills by working through another month's transactions and reviewing the resulting reports.
Bank Reconciliation For Month Two In QuickBooks Desktop Pro 2019
This section reinforces bank reconciliation techniques by performing the process for the second month. This repeated practice solidifies your understanding and skill in this essential bookkeeping task.
Outline Bookkeeping Options and Questions
This section covers various bookkeeping options and strategies for addressing common questions and problems encountered during data entry. The importance of backing up and restoring QuickBooks files is also covered, a crucial step in data protection and recovery.
Payroll Options and Entry Using QuickBooks Pro Desktop 2019
This section delves into the intricacies of payroll processing within QuickBooks. You'll learn about various payroll options, including using third-party payroll services or entering payroll directly into QuickBooks. The lectures guide you through the process of adding employees and processing payroll correctly.
Equipment and Financing Options and Entry Using QuickBooks Pro Desktop 2019
This section covers the correct accounting treatment for equipment purchases, including financed equipment. You’ll learn how to record equipment purchases and loan payments accurately in QuickBooks.
Loan Payments Options and Entry Using QuickBooks Pro Desktop 2019
This section focuses on accurately recording loan payments in QuickBooks. You'll learn how to record loan balances, break down payments into principal and interest, and maintain accurate loan accounting within the system.
Insurance Payments Options and Entry Using QuickBooks Pro Desktop 2019
This section explains different approaches for handling insurance payments, highlighting the differences between recording payments as expenses or prepaid insurance. You will learn how to choose the most appropriate method and maintain accurate financial records.
Credit Card Options and Entry Using QuickBooks Pro Desktop 2019
This section demonstrates various methods for handling credit card transactions in QuickBooks. You’ll learn how to record payments, assign expense accounts, and manage credit card liabilities accurately.
Invoice and Accounts Receivable Options and Entry Using QuickBooks Desktop 2019
This section focuses on invoicing and accounts receivable management in QuickBooks. It explores different invoicing options, including using QuickBooks directly or tracking invoices manually or in Excel. You'll learn how to enter invoices into the system and effectively track accounts receivable.
Adjust Remaining Outstanding Items / Data Entry Questions Using QuickBooks Pro
This section provides strategies for adjusting outstanding items and resolving data entry issues. You'll learn how to reconcile differences between different bookkeeping methods and ensure the accuracy of your financial records.
Creating & Formatting Month End Reports Using QuickBooks Desktop Pro 2019
This section shows you how to generate and format professional month-end reports using QuickBooks. You'll learn how to create customer backup files and format reports effectively for client delivery.
Creating & Formatting Year End Reports Using QuickBooks Pro Desktop 2019
This section teaches you to prepare professional year-end reports in QuickBooks, essential for tax preparation and financial planning. You’ll learn how to generate and format these reports effectively.
Describing and Entering Adjusting Entries Using QuickBooks Pro Desktop 2019
This section covers the process of describing and entering adjusting entries into QuickBooks. You’ll use an adjusting entry worksheet and explore different scenarios, from simple to more complex adjustments, enhancing your understanding of year-end accounting processes.
Options for Recording Adjusting Entries in QuickBooks Pro Desktop 2019
This final section explores different options for recording adjusting entries within QuickBooks, providing flexibility and knowledge to adapt to various bookkeeping situations.
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