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Hector explains in a very simple way, how accounting works. We cover Accounting Principles, Profitability, Solvency, and Liquidity. Reports: Profit & Loss and Balance Sheet. And finally, discuss the concept of DEBITS/CREDITS for Journal Entries. We use QuickBooks to illustrate a few examples of reports and how to do the Journal Entry. It is extremly important for any business owner, bookkeeping, or staff member working in QuickBooks to understand accounting basics, specially identifying the differences betwen Cash and Accrual Basis of Accounting. This course will teach you those.
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|Section 1: Accounting Concepts by Hector Garcia, CPA|
Introduction from Hector
Profit & Loss
Debits/Credits and Journal Entries
Hector is a passionate accountant and trainer. Hector has been preparing taxes since 1998 and has seen the IRS’s regulations change for the past 14 years. Today he is a practicing Accountant and an Enrolled Agent (Tax Preparer & IRS Representation) in the Davie,FL for his firm Quick Bookkeeping & Accounting LLC. Before working for a private form, Hector worked in several accounting & financial departments of past fortune 500 companies such as: Best Buy, Circuit City, Bank of America, and Wells Fargo.
Hector also earned 3 post-graduate degrees, each strengthening his career in the fields of Accounting, Finance, and Taxation. Hector’s passion for training comes from this successful career in which he applied his personal philosophy of continuous learning and training co-workers. Currently, Hector dictates QuickBooks Courses in Miami,FL