
Set up customers in QuickBooks, create invoices, and record payments to manage accounts receivable; learn to apply payment terms, assign income accounts, and use undeposited funds for deposits.
Compare bank statements with the general ledger to perform monthly reconciliations, adjusting for deposits in transit, outstanding checks, and bank fees.
Learn how depreciation lowers a fixed asset’s book value over its five-year useful life, with a $1,000 computer showing $200 yearly and $16.66 monthly depreciation.
Unlike many QuickBooks courses we have incorporated and included the Bookkeeping and Accounting basics behind each QuickBooks Transaction. For example you will learn about Accounts Payable, which is a Bookkeeping/Accounting function and then we show you how that transaction works in QuickBooks. We end the course with "normal" business transactions to help you understand how these transactions are handled in QuickBooks.
This course is taught through easy to follow videos of the Bookkeeping/Accounting explanations and followed by the QuickBooks training video to reinforce the subject. You will learn about Accounts Payable/Vendors, Accounts Receivable/Customers, Financial Statements, Loans, Inventory, and more. Quizzes will be given in certain sections and you will earn a Certificate of Completion.