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QuickBooks Desktop 2023 #2 - Create New Company File And Enter Two Months Of Data
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19h 13m

Create a new company file in QuickBooks Desktop, and understand your business’s operating cycle. Get started today and empower your business for success.

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Course Skill Level
Time Estimate
19h 13m


Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI

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About This Course

Who this course is for:

  • Accountants
  • Business owners

What you’ll learn: 

  • Create a new company file and easily navigate the financial ins and outs of your business


  • No prior knowledge is required to take this course

Software version used in the course:

  • QuickBooks Desktop 2023

We will create a new company file and populate it with two months of data input.

The data input will cover every significant form in each operating cycle, including the revenue cycle, the payables cycle, and the payroll cycle. The primary operating cycles are also commonly grouped as the customer, vendor, and employee cycle.

As we enter financial transactions, populating forms, we will analyze the impact on the financial statement and related reports.

Entering two months of data will allow us to see the difference in complexity of entering data for the first month of operations, a time when we have no historical data to help us, and entering data in following months, a time when we do have prior history and transactions to help simplify the process.

Our Promise to You

By the end of this course, you will have learned how to create a company file in QuickBooks Desktop.

10 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!

Course Curriculum

Section 1 - Start A New Company File In QuickBooks
1012 30 Day Free Trial or Purchase Process 00:00:00
6010 Restore And Backup Data Files 00:00:00
Documents To Download – QBD 2023 Course 2 00:00:00
6040 Create A New Company File 00:00:00
Section 2 - Company Preferences
6080 Company Preferences Accounting 00:00:00
6100 Benefits HR, Company Preferences Bills, Calendar, And Checking 00:00:00
6120 Company Preferences Desktop View, Finance Charge, And General 00:00:00
6140 Company Preferences Integrated Application And Items And Inventory 00:00:00
6160 Jobs and Estimates, Multiple Currencies, Payments, And Payroll 00:00:00
6180 Company Preferences Reminders And Reports And Graphs 00:00:00
6200 Company Preferences Sales And Customers And Sales Tax 00:00:00
6220 Company Preferences Search, Send Forms, Service Connection 00:00:00
Section 3 - Adding Service Items And Inventory Items
6240 Options For Interring Items, Customers And Vendors 00:00:00
6260 Enter Service Items 00:00:00
6280 Inventory Tracking Options 00:00:00
6300 Set Up Inventory Items 00:00:00
Section 4 - Sales Tax Setup, Add Customers, And Add Vendors
6320 Sales Tax Set Up 00:00:00
6340 New Customers Setup And Accounts Receivable Beginning Balances 00:00:00
6360 New Vendors Setup And Accounts Payable Beginning Balances 00:00:00
Section 5 - Opening Balances, Adjustments To Equity, And Manual Payroll Setup
6380 Add New Accounts And Opening Balances 00:00:00
6400 Adjust Opening Balances 00:00:00
6420 Manual Payroll Set up 00:00:00
Section 6 - Reports After Entering Opening Balance
6440 Generate Reports After Entering Beginning Balances 00:00:00
Section 7 - Month 1: Record Owner Investment, Purchase Of Fixed Asset And Investment
7020 Deposits – Owner Investment And Loan 00:00:00
7040 Record Investment 00:00:00
7043 Purchase of Fixed Assets 00:00:00
Section 8 - Month 1: Enter Purchase Order And Enter Check Or Expense Form From PO
7060 Enter Purchase Order PO 00:00:00
7080 Cash Payment For Inventory Linked To Purchase Order PO 00:00:00
Section 9 - Month 1: Enter Invoice, Sales Receipts, And Deposits
7100 Invoice Selling Inventory 00:00:00
7120 Receive Payment Transaction And Form 00:00:00
7140 Sales Receipt Payment Received at Point of Sale 00:00:00
7160 Deposits From Undeposited Funds 00:00:00
Section 10 - Month 1: Enter Invoice, Receive Payment, And Pay Bill Form
7180 Invoice Created From Check Created From Purchase Order 00:00:00
7200 Receive Payment And Make Deposit 00:00:00
7220 Write Checks For Expenses And Prepaid Assets 00:00:00
7240 Bill Pay 00:00:00
Section 11 - Month 1: Create Customer Job, Pay Employees, And Create Sales Receipt For Job
7260 Customer Jobs 00:00:00
7280 Pay Employees 00:00:00
7282 Change Payroll Item For Payroll Taxes 00:00:00
7300 Enter Billable Time And Expense And Invoice 00:00:00
Section 12 - Month 1: Reports
7320 Month One Reports 00:00:00
Section 13 - Month 2: Enter Loan Payments, Create Amortization Tables, And Investment
8020 Make Amortization Table 00:00:00
8022 Make Loan Payments 00:00:00
8040 Short Term Investment Sales And Gains 00:00:00
8060 Change Account Categorization To Other Expense 00:00:00
Section 14 - Month 2: Enter Purchase Order, Sales Receipts, And Bill For Inventory
8080 Purchase Order Adding New Items 00:00:00
8120 Sales Receipt And Deposit 00:00:00
8122 Record Receipt Of Inventory With Bill Linked To PO 00:00:00
Section 15 - Month 2: Invoice From Billable Item And Advanced Customer Deposit
8130 Populate Invoice Using Billable Item That Was Created From PO 00:00:00
8140 Advanced Customer Payment Or Unearned Revenue Method 1 00:00:00
8160 Apply Customer Deposit (Credit) To Invoice 00:00:00
8200 Advanced Customer Payment Or Unearned Revenue Method 2 00:00:00
Section 16 - Month 2: Invoicing For Hourly Service
8320 Bill For Hourly Services Of Staff Set Up Items And Enter Billable Time 00:00:00
8322 Create Invoices Using Billable Time 00:00:00
Section 17 - Month 2: Invoicing For Rental Income With Advanced Customer Deposit
8340 Rental Income Set Up Items 00:00:00
8342 Rental Estimate And Customer Deposit 00:00:00
8344 Rental Income Invoice From Estimate 00:00:00
Section 18 - Month 2: Purchase And Finance Equipment And Recategorize Fixed Assets
8360 Purchase And Finance Equipment And Create Loan Sub Accounts 00:00:00
8362 Subaccounts Categories For Fixed Assets 00:00:00
Section 19 - Month 2: Enter And Pay Month End Bills And Pay Sales Tax
8365 Bills – Enter, Sort, And Pay 00:00:00
8370 Pay Sales Tax 00:00:00
Section 20 - Month 2: Enter Payroll And Pay Payroll Tax For Prior Period
8380 Enter Payroll For Second Month 00:00:00
8385 Pay Payroll Taxes 00:00:00
Section 21 - Month 2: Generate Month End Reports And Review Work
8420 Create Reports After Second Month Of Data Input 00:00:00

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