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About This Course

Who this course is for:

  • Accountants
  • Bookkeepers
  • Small business owners

What you’ll learn: 

  • The process of adjusting entries
  • How to make the transition from the accounting data input to the adjusting process
  • Reversing entries
  • Which entries should be reversed and why
  • Generation of reports, using the filtering options, to show the adjusting and reversing entries

Requirements: 

  • No prior knowledge is required to take this course 
  • Access to the software 
  • Completed QuickBooks Online 2021 #1-#3

Software version used in the course: 

  • QuickBooks Online 2021

This is the fourth in a series of courses covering QuickBooks Online 2021 comprehensively.

We will enter period end, typically month or year end, adjusting entries.

Learners will understand the process of adjusting entries as well as how, and why, adjusting entries is a separate process from the general data input process.

We will learn how to make the transition from the accounting data input, to the adjusting process, and back to data input for the following month, as smoothly as possible.

Part of making the transitions between the accounting data input and adjusting entries smooth includes using reversing entries.

We will discuss which entries should be reversed and why. Learners will understand how to enter reversing entries.

The course will also cover the generation of reports, using the filtering options, to show the adjusting and reversing entries.

Our Promise to You

By the end of this course, you will have learned how to adjust and reverse entries.

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.

Course Curriculum

5h 24m

Section 1 - Introduction
Data Files To Use For Reference 00:00:00
Adjusting Entries And Reversing Entries Introduction 00:00:00
Transfer Data From QuickBooks Desktop Backup File 00:00:00
Adjusting Entry Worksheet Creation 00:00:00
Section 2 - Accrued Interest Adjusting And Reversing Entries
Adjusting Entry Accrued Interest Excel 00:00:00
Adjusting Entry Accrued Interest QB 00:00:00
Reversing Entry Accrued Interest Excel 00:00:00
Reversing Entry Accrued Interest 00:00:00
Section 3 - Accounts Receivable Or Revenue Adjusting And Reversing Entries
Adjusting Entry Accounts Receivable Sales Excel 00:00:00
Adjusting Entry Accounts Receivable Sales QB 00:00:00
Reversing Entry Accounts Receivable Sales Excel 00:00:00
Reversing Entry Accounts Receivable Sales QB 00:00:00
Section 4 - Insurance Adjusting Entry
Adjusting Entry Prepaid Insurance Excel 00:00:00
Adjusting Entry Prepaid Insurance 00:00:00
Section 5 - Depreciation Adjusting Entry
Adjusting Entry Depreciation Excel 00:00:00
Adjusting Entry Depreciation 00:00:00
Section 6 - Unearned Revenue Adjusting And Reversing Entries
Adjusting Entry Unearned Revenue Customer Deposit Excel 00:00:00
Adjusting Entry Unearned Revenue Customer Deposit 00:00:00
Reversing Entry Unearned Revenue Customer Deposit Excel 00:00:00
Reversing Entry Unearned Revenue Customer Deposit QB 00:00:00
Adjusting Entry And Reversing Entry Journal Reports 00:00:00
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