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QuickBooks Desktop 2022 #4 - Adjusting Entries And Reversing Entries
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6 STUDENTS
3h 9m

Learn the basics of adjusting entries and reversing entries, as well as report generation with QuickBooks Desktop.

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Course Skill Level
Beginner
Time Estimate
3h 9m

Instructor

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

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About This Course

Who this course is for:

  • Accountants
  • Bookkeepers
  • Business owners

What you’ll learn: 

  • 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: 

  • 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. 

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. 

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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
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