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About This Course
Who this course is for:
- Accountants
- Bookkeepers
- Business owners
What you’ll learn:
- How to turn multicurrency on and which accounts will be affected
- Work example problems related to the sales cycles
- Demonstrate transactions related to forward contracts
Software version used in the course:
- QuickBooks Desktop Pro 2021
The course will discuss accounting for multiple currencies, outlining the process in Excel to provide a more transparent look at the process. Then entering the transactions into QuickBooks, the software automating some of the steps required.
We will learn how to turn multicurrency on and which accounts will be affected most by multicurrency transactions including cash account types, accounts receivable account types, and accounts payable account types.
Students will work example problems related to the sales cycles and the purchases cycle, the sales cycle including foreign currency receivables, the purchases cycle including foreign currency payables.
We will also demonstrate transactions related to forward contracts, both for speculative purposes and to medicate risk on foreign currency transactions.
Our Promise to You
By the end of this course, you will have learned multiple currencies in QuickBooks.
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 using QuickBooks Desktop 2021.
Course Curriculum
| Section 1 - Overview | |||
| QuickBooks Desktop 2021 #14 Course Resources | 00:00:00 | ||
| Download Free Or Paid QuickBooks Pro 2021 | 00:00:00 | ||
| Install QuickBooks Pro 2021 | 00:00:00 | ||
| Increase Size Of Icons | 00:00:00 | ||
| Multiple Currencies Overview | 00:00:00 | ||
| Multiple Currencies Cash, Accounts Receivable, And Accounts Payable | 00:00:00 | ||
| Section 2 - Sales Cycle | |||
| Multiple Currencies Invoice And Accounts Receivable | 00:00:00 | ||
| Multiple Currencies Accounts Receivable Revalue Using Current Exchange Rates | 00:00:00 | ||
| Multiple Currencies Receive Payment And Make Deposit Excel | 00:00:00 | ||
| Multiple Currencies Receive Payment And Make Deposit QuickBooks | 00:00:00 | ||
| Multiple Currencies Reversing Entry | 00:00:00 | ||
| Section 3 - Purchase Equipment On Account | |||
| Multiple Currencies Purchase Equipment On Account – Excel | 00:00:00 | ||
| Multiple Currencies Purchase Equipment On Account – QB | 00:00:00 | ||
| Multiple Currencies Adjusting Entry Accounts Payable | 00:00:00 | ||
| Multiple Currencies Transfer Money To Foreign Currency | 00:00:00 | ||
| Multiple Currencies Pay Foreign Accounts Payable | 00:00:00 | ||
| Multiple Currencies Accounts Payable Reversing Entry | 00:00:00 | ||
| Section 4 - Purchase Inventory On Account | |||
| Multiple Currencies Purchase Inventory On Account | 00:00:00 | ||
| Multiple Currencies Accounts Payable Adjusting Entry | 00:00:00 | ||
| Multiple Currencies Foreign Currency Transfer | 00:00:00 | ||
| Multiple Currencies Accounts Payable Reversing Entry | 00:00:00 | ||
| Multiple Currencies Accounts Payable Payment | 00:00:00 | ||
| Section 5 - Forward Contract For Speculation That Foreign Currency Will Strengthen | |||
| Forward Contract For Speculation That Foreign Currency Will Strengthen Overview | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Strengthen Initial Transaction | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Strengthen Adjusting Entry | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Date Transaction Excel | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Date Transaction QB | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Strengthen Reversing Entry | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Transaction Accounts Payable | 00:00:00 | ||
| Section 6 - Forward Contract For Speculation That Foreign Currency Will Weaken | |||
| Forward Contract For Speculation That Foreign Currency Will Weaken Overview | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Weaken Initial Transaction Excel | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Weaken Initial Transaction QuickBooks | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Weaken Adjusting Entry | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions Excel | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions QB Cash Transfer | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions QB Accounts Payable | 00:00:00 | ||
| Forward Contract For Speculation That Foreign Currency Will Weaken Reversing Entry | 00:00:00 | ||
| Section 7 - Forward Contracted Used To Reduce Risk From Purchase Of Fixed Asset On Account | |||
| Forward Contract To Reduce Risk From Purchase Overview | 00:00:00 | ||
| Purchase Fixed Asset On Account Foreign Currency | 00:00:00 | ||
| Forward Contract Transaction Excel | 00:00:00 | ||
| Forward Contract Transaction QuickBooks | 00:00:00 | ||
| Adjusting Entry Accounts Payable Foreign Currency | 00:00:00 | ||
| Adjusting Entry Forward Contract | 00:00:00 | ||
| Foreign Payable And Forward Contract Maturity Transactions | 00:00:00 | ||
| Forward Contract Maturity Transactions | 00:00:00 | ||
| Foreign Currency Accounts Payable Maturity Transactions | 00:00:00 | ||
| Foreign Currency Reversing Entries | 00:00:00 | ||
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