About This Course

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.

In addition to the instructional videos, this course will include downloadable Excel practice files and 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.   

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 and store it on a computer
  • How to use an easy method to enter financial data into QuickBooks Online 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 
  • How to analyse 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
  • How to enter equipment purchases into QuickBooks Online
  • How to enter loan payments into QuickBooks Online
  • How to enter insurance payments into QuickBooks Online
  • How to enter credit card charges into QuickBooks Online 
  • How to format month-end and year-end reports using QuickBooks Online 
  • How to enter adjusting entries into QuickBooks Online 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
  • Small business owners who want a simple system to enter data into QuickBooks Online or prior to help year-end tax preparation and 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

Our Promise to You

By the end of this course, you will have learned QuickBooks online for all your business accounting tasks.

30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about QuickBooks Online – Cash Based Bookkeeping System.

Course Curriculum

Section 1 - Introduction
QuickBooks Online Bookkeeping The Easy Way 00:00:00
Section 2 - QuickBooks
Bookkeeping Project Outline And Plan 00:00:00
Outline Of Standard Client Or Business 00:00:00
Outline Of Bookkeeping Process 00:00:00
Network With Other Professionals 00:00:00
Bank Feeds Option 00:00:00
Section 3 - Engagement Letter And Questionnaire
Engagement Letter And Questionnaire Intro 00:00:00
Engagement Letter 00:00:00
New Client Engagement Questionnaire 00:00:00
Section 4 - Create New Company File And QuickBooks File Using QuickBooks
Create New Company File And QuickBooks File 00:00:00
Outline Sample Engagement 00:00:00
Organize Documents Download Bank Statement 00:00:00
New Company File 00:00:00
Section 5 - Enter Data From Bank Statement For Month One Into QuickBooks
Enter Data From Bank Statement For Month One Into QuickBooks 00:00:00
Bank Statement Overview 00:00:00
Enter Deposits From Bank Statement First Month 00:00:00
Entering Cash Outflows Strategy 00:00:00
Entering Cash Outflows – Part One 00:00:00
Entering Cash Outflows – Part Two 00:00:00
Review Reports After Data Entry For First Month 00:00:00
Section 6 - Bank Reconciliation For Month One In QuickBooks
Bank Reconciliation For Month One In QuickBooks 00:00:00
Bank Reconciliation Overview 00:00:00
Bank Reconciliation First Month 00:00:00
Section 7 - Enter Data From Bank Statement for Month Two In QuickBooks
Enter Data From Bank Statement For Month Two In QuickBooks 00:00:00
Enter Transactions Second Month Setup Process 00:00:00
Enter Deposits From Bank Statement Second Month 00:00:00
Enter Cash Outflows From Bank Statement Second Month – Part One 00:00:00
Enter Cash Outflows From Bank Statement Second Month – Part Two 00:00:00
Review Reports After Entering Data From Bank Statement For Second Month 00:00:00
Section 8 - Bank Reconciliation For Month Two In QuickBooks
Bank Reconciliation For Month Two In QuickBooks 00:00:00
Bank Reconciliation First Second 00:00:00
Section 9 - Payroll Options And Data Entry Using QuickBooks
Payroll Options And Entry Using QuickBooks 00:00:00
Payroll Options 00:00:00
Categorize Payroll Payments 00:00:00
QuickBooks Desktop Version Payroll Example 00:00:00
Add Employees 00:00:00
Process Payroll 00:00:00
Process Payroll Plain Payroll 00:00:00
Payroll Tax Forms And Payment Set Up 00:00:00
Payroll Forms After Plain Payroll Financials And 941 00:00:00
QuickBooks Online Process Paid Payroll Example 00:00:00
Section 10 - Equipment And Financing Options And Data Entry Using QuickBooks
Equipment And Financing Options And Entry Using QuickBooks 00:00:00
Equipment Financed Options 00:00:00
Equipment Financed Record Amount Paid 00:00:00
Equipment Financed Record Loan 00:00:00
Section 11 - Loan Payments Options And Data Entry Using QuickBooks
Loan Payments Options And Data Entry Using QuickBooks 00:00:00
Loan Payment Options 00:00:00
Enter Loan Balance Record Payments As Reduction To Loan Balance 00:00:00
Loan Amortization Interest vs Principal 00:00:00
Enter Loan Balance And Break Out Interest And Principal Portion Of Loan Payments 00:00:00
Section 12 - Insurance Payments Options And Data Entry Using QuickBooks
Insurance Payments Options And Data Entry Using QuickBooks 00:00:00
Insurance Options 00:00:00
Enter All Insurance Payments As Insurance Expense And Let Accountant Adjust If Needed 00:00:00
Enter All Insurance Payments As Prepaid Insurance And Let Accountant Make Year End Adjustment 00:00:00
Section 13 - Credit Card Options And Data Entry Using QuickBooks
Credit Card Options And Data Entry Using QuickBooks 00:00:00
Credit Card Options 00:00:00
Enter Credit Card Payments The Easy Method 00:00:00
Enter Credit Card Payments As They Clear Bank And Assign Expense Accounts Based On Credit Card 00:00:00
Enter Credit Card Liability And Apply Payments To The Liability Account 00:00:00
Section 14 - Invoice And Accounts Receivable Options And Data Entry Using QuickBooks
Invoice And Accounts Receivable Options And Data Entry Using QuickBooks 00:00:00
Invoice And Accounts Receivable Options 00:00:00
Enter Invoices Into The System And Track Accounts Receivable 00:00:00
Section 15 - Adjust Remaining Outstanding Items And Data Entry Questions Using QuickBooks
Adjust Remaining Outstanding Items Data Entry Questions 00:00:00
Adjust Open Items 00:00:00
Section 16 - Creating And Formatting Month End Reports Using QuickBooks
Creating And Formatting Month End Reports 00:00:00
Month End Documentations 00:00:00
Formatting Month End Documents PDF And Excel 00:00:00
Formatting, Presenting, And Delivering Reports To Clients 00:00:00
Section 17 - Creating And Formatting Year End Reports Using QuickBooks
Creating And Formatting Year End Reports 00:00:00
Year End Documentations 00:00:00
Generating Year End Reports 00:00:00
Section 18 - Describing And Entering Adjusting Entries Using QuickBooks
Describing And Entering Adjusting Entries 00:00:00
Adjusting Entries Options 00:00:00
Adjusting Entries Worksheet 00:00:00
Payroll Adjusting Entries 00:00:00
Equipment Adjusting Entries Depreciation 00:00:00
Loan Payment Adjusting Entries 00:00:00
Insurance Adjusting Entries 00:00:00
Options For Entering Adjusting Entries To QuickBooks 00:00:00
Enter Adjusting Entries Into QuickBooks 00:00:00
Downloadable Materials: QuickBooks Online – Cash Based Bookkeeping System 00:00:00
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