QuickBooks Online – Cash Based Bookkeeping System

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This course is designed for those interested to learn the basics of QuickBooks Online for your accounting and bookkeeping tasks, 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.

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About This Coursebeginner

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

Course Sections

QuickBooks Online Bookkeeping The Easy Way

Bookkeeping Project Outline And Plan

Outline Of Standard Client Or Business

Outline Of Bookkeeping Process

Network With Other Professionals

Bank Feeds Option

Engagement Letter And Questionnaire Intro

Engagement Letter

New Client Engagement Questionnaire

Create New Company File And QuickBooks File

Outline Sample Engagement

Organize Documents Download Bank Statement

New Company File

Enter Data From Bank Statement For Month One Into QuickBooks

Bank Statement Overview

Enter Deposits From Bank Statement First Month

Entering Cash Outflows Strategy

Entering Cash Outflows – Part One

Entering Cash Outflows – Part Two

Review Reports After Data Entry For First Month

Bank Reconciliation For Month One In QuickBooks

Bank Reconciliation Overview

Bank Reconciliation First Month

Enter Data From Bank Statement For Month Two In QuickBooks

Enter Transactions Second Month Setup Process

Enter Deposits From Bank Statement Second Month

Enter Cash Outflows From Bank Statement Second Month – Part One

Enter Cash Outflows From Bank Statement Second Month – Part Two

Review Reports After Entering Data From Bank Statement For Second Month

Bank Reconciliation For Month Two In QuickBooks

Bank Reconciliation First Second

Payroll Options And Entry Using QuickBooks

Payroll Options

Categorize Payroll Payments

QuickBooks Desktop Version Payroll Example

Add Employees

Process Payroll

Process Payroll Plain Payroll

Payroll Tax Forms And Payment Set Up

Payroll Forms After Plain Payroll Financials And 941

QuickBooks Online Process Paid Payroll Example

Equipment And Financing Options And Entry Using QuickBooks

Equipment Financed Options

Equipment Financed Record Amount Paid

Equipment Financed Record Loan

Loan Payments Options And Data Entry Using QuickBooks

Loan Payment Options

Enter Loan Balance Record Payments As Reduction To Loan Balance

Loan Amortization Interest vs Principal

Enter Loan Balance And Break Out Interest And Principal Portion Of Loan Payments

Insurance Payments Options And Data Entry Using QuickBooks

Insurance Options

Enter All Insurance Payments As Insurance Expense And Let Accountant Adjust If Needed

Enter All Insurance Payments As Prepaid Insurance And Let Accountant Make Year End Adjustment

Credit Card Options And Data Entry Using QuickBooks

Credit Card Options

Enter Credit Card Payments The Easy Method

Enter Credit Card Payments As They Clear Bank And Assign Expense Accounts Based On Credit Card

Enter Credit Card Liability And Apply Payments To The Liability Account

Invoice And Accounts Receivable Options And Data Entry Using QuickBooks

Invoice And Accounts Receivable Options

Enter Invoices Into The System And Track Accounts Receivable

Adjust Remaining Outstanding Items Data Entry Questions

Adjust Open Items

Creating And Formatting Month End Reports

Month End Documentations

Formatting Month End Documents PDF And Excel

Formatting, Presenting, And Delivering Reports To Clients

Creating And Formatting Year End Reports

Year End Documentations

Generating Year End Reports

Describing And Entering Adjusting Entries

Adjusting Entries Options

Adjusting Entries Worksheet

Payroll Adjusting Entries

Equipment Adjusting Entries Depreciation

Loan Payment Adjusting Entries

Insurance Adjusting Entries

Options For Entering Adjusting Entries To QuickBooks

Enter Adjusting Entries Into QuickBooks

Downloadable Materials: QuickBooks Online – Cash Based Bookkeeping System

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