Accounting Fundamentals Using Quickbooks

Name: Accounting Fundamentals Using Quickbooks
Rating: 4.3 (91 reviews)

For Solopreneurs, Small Business Owners and Students

Created byHumberto Vicetti

Last updated 11/2016

English

What you'll learn

• Have a solid understanding of Accounting principles
• Understand how to read financial reports: Profit and Loss and Balance Sheet
• How to install the trial version of Quickbooks
• Navigate the Quickbooks interface
• Create a new company in Quickbooks
• Add, delete and edit lists - Accounts, Vendors, Customers and Items
• Know how to create invoices and receive payments
• Know how to enter bills and pay them
• Understand Bank Reconciliations
• Run reports

Course content

9 sections • 46 lectures • 2h 19m total length

Introduction to Accounting theory1:33
In this first section of the course we will cover basic accounting theory and terminology.
Accounting Fundamentals2:27
In this lesson we will introduce the basic concepts in Accounting
Chart of Accounts3:08
In this lesson we will introduce the Chart of Account, which is the basic organizing list in Accounting.
Balance Sheet Accounts3:24
In this lesson I introduce the concept of Balance Sheet Accounts, which group a particular set of accounts which are reported in the Balance Sheet Report.
Income Statement Accounts2:00
In this lesson I introduce the concept of Income Statement Accounts, which group a particular set of accounts which are reported in the Income Statement Report
Profit and Loss and Balance Sheet Review2:04
In this lesson I review the Profit and Loss and Balance Sheet Reports
Relationship Between Balance Sheet & Profit and Loss0:56
In this lesson I point out that the Balance Sheet and the Income Statement are linked by the yearly net profit.
Debits and Credits3:02
In this lesson I introduce the concept of Debits and Credits, which are a way of keeping track of increases and decreases to accounts.
Debits and Credits Review3:27
In this lesson I review the concepts of Debits and Credits
Fundamental Rules of Accounting3:31
In this lesson I introduce the fundamental "rules" or equations of Accounting.
Review of Accounting Rules3:54

Quickbooks interface part 13:03
I this lesson I show you how to navigate the Quickbooks Interface.
Quickbooks interface part 22:15
I this lesson I continue showing you how to navigate the Quickbooks Interface..
Quickbooks interface part 32:43
I this lesson I continue showing you how to navigate the Quickbooks Interface.
Quickbooks interface part 43:05
I this lesson I continue showing you how to navigate the Quickbooks Interface.

Lists part 14:11
In this lesson I show you how to create lists - Customers, Vendors and Items- in Quickbooks.
Lists part 23:50
In this lesson I show you how to create lists - Customers, Vendors and Items- in Quickbooks.
Lists part 32:26
In this lesson I show you how to create lists - Customers, Vendors and Items- in Quickbooks.
Introduction to Items3:41
In this lesson I introduce the concept of Items in Quickbooks, which are used in many different ways.
Creating Items5:40
In this lesson I show you how to create non-inventory and service Items in Quickbooks

Opening a Sample Company2:51
In this lesson I show you how to open a sample company in Quickbooks, which we will use in the rest of the course
Item Creation Review2:42
In this lesson I review the concept of Items and introduce double-sided Items.
Creating Estimates2:33
In this lesson I show you how to create estimates in Quickbooks.
Converting Estimates to Invoices2:25
In this lesson I show you how to convert an Estimate to an Invoice.
Creating Invoices Directly2:14
In this lesson I show you how to create and Invoice without creating and Estimate.
Receiving Payments3:50
In this lesson I show you how to receive customer payments.
Recording Deposits6:27
In this lesson I show you how to deposit payments into a bank account.

Double Sided Items3:49
In this lesson I introduce the concept of double-sided items, which allows you to use one item for purchases and sales.
Creating a Purchase Order2:11
In this lesson I show you how to create a Purchase Order in Quickbooks
Converting a Purchase Order to a Bill1:55
In this lesson I show you how to convert a purchase order to a bill.
Entering a Bill without a Purchase Order2:31
In this lesson I show you how to enter a bill without creating a purchase order first.
Paying Bills3:00
In this lesson I show you how to pay bills.
Write Checks Feature2:35
In this lesson I show you how to write a check in Quickbooks.

Using Registers3:23
In this lesson I show you how to use registers to look up and add information to accounts.
What is a Bank Reconciliation?1:52
In this lesson I explain what a bank reconciliation is.
Creating a Bank Account with Opening Balance1:44
In this lesson I show you how to create a new bank account with an opening balance.
Entering Transaction Affecting New Bank Account4:53
In this lesson, which reviews many of the concepts introduced before, I create transaction that will affect the balance of the new bank account, which will show in the bank reconciliation screen.
Bank Reconciliation6:10
In this lesson I show you how to do a bank reconciliation in Quickbooks.

Requirements

• Basic computer knowledge - How to start a program, How to navigate around a typical windows program
• Basic keyboard knowledge - Know where the <alt> and <ctrl> keys are

Description

This is a fundamentals of Accounting course. It explains the basic concepts and terminology of Accounting. It will give you a solid basis in Accounting, even if you have no prior experience at all. The first part of the course covers Accounting theory that will apply no matter what Accounting Software you use. If you are a business owner, student or even if you suddenly find yourself having to deal with Accounting issues this course will help you get started.

In the second part of the course, we will install and learn the basics of working with, the most popular Accounting software for small businesses. You will be taken step by step through the creation of a new company and how to accomplish some of the more basic functions of the program.

At the end of this course, you will be in a position to take more advanced Accounting lessons.

Who this course is for:

• Solopreneurs
• Small Business Owners
• Bookkeepers
• Students

Accounting Fundamentals Using Quickbooks

What you'll learn

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Course content

Fundamentals of Accounting11 lectures • 29min

Installing the trial version of Quickbooks and creating a new company3 lectures • 10min

Navigating the Quickbooks Interface4 lectures • 11min

Lists5 lectures • 20min

Customers and Sales7 lectures • 23min

Vendors and Purchases6 lectures • 16min

Registers and Bank Reconciliations5 lectures • 18min

Reports3 lectures • 7min

Goodbye2 lectures • 4min

Requirements

Description

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