Learn the basics of adjusting entries and reversing entries, as well as report generation with QuickBooks Desktop.
Read more.Instructor
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Who this course is for:
- Accountants
- Bookkeepers
- Business owners
What you’ll learn:Â
- The process of adjusting entries
- How and why adjusting entries are separate from general data input
- The process of reversing entries
- Which entries need reversing and why
- How to enter reversing entries
Requirements:Â
- No prior knowledge is required to take this course
Software version used in the course:
- QuickBooks Desktop 2022
This course is the fourth in a series of courses covering QuickBooks Desktop Pro 2022 comprehensively.
We will enter period end, typically month or year-end, adjusting entries.
Learners will understand the process of adjusting entries and how and why adjusting entries are separate from the general data input process.
We will learn how to transition from the accounting data input to the adjusting process and back to data input for the following month as smoothly as possible.
Making the transitions between the accounting data input and adjusting entries smooth requires reversing entries.
We will discuss which entries should need reversing, why, and how to enter reversing entries.
The course will also cover the generation of reports, using filtering options, to show adjusting and reversing entries.
Our Promise to You
By the end of this course, you will have learned how to adjust and reverse entries.Â
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Course Curriculum
Section 1 - Introduction | |||
Backup File | 00:00:00 | ||
6010 Restore And Backup Data Files | 00:00:00 | ||
10120 Adjusting Entries And Reversing Entries Introduction | 00:00:00 | ||
Data Files To Download | 00:00:00 | ||
Section 2 - Accrued Interest Adjusting And Reversing Entries | |||
Data Files To Download | 00:00:00 | ||
10180 Adjusting Entry Accrued Interest | 00:00:00 | ||
10220 Reversing Entry Accrued Interest | 00:00:00 | ||
Section 3 - Accounts Receivable Or Revenue Adjusting And Reversing Entries | |||
10260 Adjusting Entry Accounts Receivable Sales | 00:00:00 | ||
10300 Reversing Entry Accounts Receivable Sales | 00:00:00 | ||
Section 4 - Insurance Adjusting Entries | |||
10340 Adjusting Entry Prepaid Insurance | 00:00:00 | ||
Section 5 - Depreciation Adjusting Entry | |||
10380 Adjusting Entry Depreciation | 00:00:00 | ||
Section 6 - Unearned Revenue Adjusting And Reversing Entries | |||
10400 Adjusting Entry Unearned Revenue Customer Deposit | 00:00:00 | ||
10460 Reversing Entry Unearned Revenue Customer Deposit | 00:00:00 | ||
Section 7 - Loan Short Term And Long Term Portion Adjusting And Reversing Entries | |||
10465 Adjusting Entry Loan Payable Short-Term And Long-Term Portions | 00:00:00 | ||
10467 Reversing Entry Loan Payable Short-Term And Long-Term Portions | 00:00:00 | ||
Section 8 - Journal Reports | |||
10480 Adjusting Entry And Reversing Entry Journal Reports | 00:00:00 |