QuickBooks Online and Your Business

Name: QuickBooks Online and Your Business
Rating: 4.3 (42 reviews)

Using QuickBooks Online to effectively manage your business and increase business profitability

Created byTymone Green

Last updated 3/2018

English

What you'll learn

Understand how QuickBooks Online functions.
Choose an appropriate QuickBooks Online Subscription.
Customize the Chart of Accounts.
Add customers, vendors, and items.
Entering Sales Transactions.
Entering Vendor Tranactions.
Reconciling bank accounts.
Generating and Analyzing Reports

Course content

6 sections • 38 lectures • 5h 32m total length

A message from your Instructor1:59
Choosing the Right QuickBooks Online Subscription9:34
In this lecture, I will be discussing the 3 subscriptions available for QuickBooks Online: Simple Start, Essentials, and Plus. Upon completion of this lecture, you will be able to understand the difference between the 3 QuickBooks Online subscription and choose the appropriate subscription for your business.
QuickBooks Online Setup10:56
In this lecture, I will show you how to set up a new QuickBooks Online Subscription from the beginning steps. I will discuss what things to look for when you establish a new QuickBooks Online company.
Adding an Accountant User14:43
In this lecture, I will be discussing how to add an accountant user to your QuickBooks Online Subscription. Accountant users can be important in assisting a business owner with managing their books.
Customizing the Chart of Accounts19:09
This lecture focuses on how to customize the chart of accounts in QuickBooks Online so it can be ready to start entering transactions.
Setting Up Customers6:41
This lecture walks you through how to properly set up customers in Quickbooks Online.
Setting Up Vendors9:16
This lecture focuses on how to set up vendors in QuickBooks Online. Emphasis is place on the 1099 subcontractor feature available through QuickBooks Online.
Setting Up Items13:36
This lecture focuses on how to set up items in QuickBooks Online and how to associate these items with the correct income account.

Introduction to Entering Transactions1:11
In this section, I will be introducing how to enter customer and vendor transactions into QuickBooks Online. I have enclosed the link to the QuickBooks sample company file that we will use throughout the rest of the course.
Creating Invoices15:34
In this lecture, you will learn how to enter invoices into QuickBooks Online.
Entering Sales Receipts9:37
In this lecture, you will learn how to enter sales receipts into QuickBooks Online. Emphasis will be placed on understanding the difference between a sales receipt and an invoice.
Receiving Payments9:50
In this section, you will learn how to receive payments from invoices in QuickBooks Online.
Estimates and Invoices10:04
In this lecture, you will learn how to process estimates and create invoices from those estimates.
Section Extension-Estimates and Payments1:14
In this brief lecture, emphasis will be placed on creating the invoices and receiving payment from the estimates.
Entering Expenses16:43
This lecture begins the discussion of vendor related transactions, more specifically entering expenses.
Writing Checks13:17
This lecture focuses on when and how to write checks in QuickBooks Online. The check writing process withing QuickBooks Online is referred to as "Writing Checks on the Fly."
Entering Bills13:07
Paying Bills9:34
This lecture focuses on paying bills in QuickBooks Online. Emphasis is placed on the bill paying process and accounts payable.
Printing Checks7:33
This lecture focuses on paying checks in QuickBooks Online. Emphasis is on printing checks and choosing the correct check styles for printing.
Vendor Summary1:46
A summary is presented of all vendor transactions (Entering Expenses, Writing Checks, Entering Bills, and Paying Bills.

Banking Overview0:52
This lecture presents an overview of the banking transactions within QuickBooks Online.
Establishing Bank Feeds15:14
This lecture presents one of the most important aspects of banking in QuickBooks Online-establishing bank feeds. This lecture provides the importance of the bank feeds as well as giving hand on examples of how to establish bank feeds in QuickBooks Online.
Entering Bank Transactions11:57
This lecture demonstrates how to download and book bank transactions into QuickBooks Online.
Creating Bank Rules13:57
This lecture demonstrates how to create rules inside of QuickBooks Online to recognize and record transactions downloaded from the bank.
Making Bank Deposits12:34
Bank Reconciliation9:26
Reconciling the bank statement is heavily emphasized in this lecture. The lecture demonstrates to students how to reconcile bank statements.
Banking Summary1:17
A detailed summary of the banking transactions are presented in this lecture.

Reporting Overview1:10
Financial reports are essential in any QuickBooks financial process. This lecture gives an overview of the financial statements to be covered in this section. The attached resources provides supplementary information to guide you through the lectures.
QuickBooks Online Reports6:33
In this lecture, the 3 financial statements are discussed--The P & L, Balance Sheet, and Statement of Cash Flows.
The Profit and Loss ( P & L) Statement10:29
The Balance Sheet12:57
This lecture presents the importance of the balance sheet and when it is used.
The Statement of Cash Flows13:01
A discussion of the statement of cash flows is provided in detail. This lecture focuses on what the statement of cash flows is and why it is used.
Analyzing Reports8:28
Report Summary1:33

Requirements

Students should possess basic PC skills and familiar with how to use the Internet
Students should have basic knowledge of bookkeeping, however, it is not required for this course

Description

Students will learn how to use QuickBooks Online to complete accounting tasks similar to those they will perform in a business environment. The course is taught using a real world approach which emphasizes how to use QuickBooks effectively in a modern business environment as well as how to generate and understand the 3 main financial statements (Profit & Loss, Balance Sheet, and Statement of Cash Flows). Students are taught how to choose the proper QuickBooks Online subscription, set up a QuickBooks Online portal correctly, customize the chart of accounts, enter business transactions, banking, and generating and analyzing reports. Special emphasis is placed on banking and generating financial statements, which are essential QuickBooks functions.

Who this course is for:

This course is designed for small business owners who would like to become familiar with the QuickBooks Online Portal.
This course is designed for accounting or administrative professionals who want to become familar with QuickBooks Online.
This course is designed to train users with QuickBooks to use it effectively in their organizations or departments.

QuickBooks Online and Your Business

What you'll learn

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Course content

Section 1-QuickBooks Online Customization & Setup8 lectures • 1hr 26min

Entering Business Transactions12 lectures • 1hr 50min

Banking and QuickBooks Online7 lectures • 1hr 5min

QuickBooks Online Reporting7 lectures • 54min

Appendix3 lectures • 16min

Course Wrap-Up1 lecture • 1min

Requirements

Description

Who this course is for: