QuickBooks Desktop vs. Excel
What you'll learn
- Explore the core functionalities of QuickBooks Desktop and Excel for a variety of accounting tasks.
- Distinguish differences in data input and transaction handling between QuickBooks Desktop and Excel.
- Reconcile bank accounts in QuickBooks
- Implement theoretical knowledge to carry out two months of data input in QuickBooks Desktop and Excel.
- Investigate the impacts of adjusting and closing entries in both QuickBooks Desktop and Excel.
- Assess the bank reconciliation process in both QuickBooks Desktop and Excel, and its outcomes.
- Design a streamlined workflow for managing accounting tasks across QuickBooks Desktop and Excel.
- Integrate acquired knowledge to optimize the use of QuickBooks Desktop and Excel in real-world accounting scenarios
- Showcase proficiency in QuickBooks Desktop and Excel by resolving complex accounting problems.
- Devise strategies to maximize the advantages of both QuickBooks Desktop and Excel in accounting.
- Construct a comprehensive understanding of the sales, expense, and payroll cycles in both platforms.
- Evaluate the strengths and weaknesses of QuickBooks Desktop and Excel in diverse accounting scenarios.
- Familiarity with Excel and QuickBooks Desktop: Some basic familiarity with Excel and QuickBooks Desktop would be beneficial, as the course will delve into the specifics of these applications. This includes simple data entry, basic formulas and functions in Excel, and navigation and transaction entry in QuickBooks Desktop.
- Time Commitment: The course is intended to be comprehensive and hands-on. Ensure that you can dedicate sufficient time to fully engage with the course content and complete the tasks and exercises.
- Open Mind and Willingness to Learn: While this is not a 'hard' requirement, approaching the course with a positive attitude and readiness to learn will greatly enhance your learning experience and outcomes.
Welcome to our QuickBooks Desktop course, an expansive and thorough journey into the inner workings of QuickBooks Desktop Accounting Software and Excel. This course aims to provide an unrivaled 'under-the-hood' understanding of accounting software and processes, using Excel's transparent data input as a lens for comparison.
The first segment of our course is an in-depth tour of QuickBooks Dektop, a premier accounting software. We will walk you through the varied features of the software, unraveling the complexities of its interface and functionality. This involves an analysis of common data input forms within the context of distinct accounting cycles - the sales cycle, the expense cycle, and the payroll cycle. By drawing parallels with Excel, we aim to provide an intuitive understanding of these cycles, their interplay within the accounting environment, and how they relate to manual data input in Excel's journal entry format.
As we forge ahead into the second segment of the course, we shift our focus to practical application. This portion is centered around a comprehensive problem, where we simulate two months of data input in QuickBooks QuickBooks Desktop and simultaneously mirror these transactions in an Excel accounting worksheet. This approach allows you to get a hands-on experience of the nuances of accounting processes. You will dive head-first into transaction entries, adjustments, and closing entries in both QuickBooks Desktop and Excel, as well as perform bank reconciliations - an essential task for any accountant.
By the time you complete this course, you will be well-versed in the functional aspects of QuickBooks Desktop Accounting Software, and understand how it stacks up against the manual data input process in Excel. Most importantly, you will acquire a set of skills that will allow you to effectively use both platforms for various accounting tasks, putting you in a strong position to manage real-world accounting scenarios.
This course is designed to provide more than just knowledge - it is about gaining practical experience, understanding the why behind the processes, and empowering you to leverage these powerful tools in your accounting journey.
If you're ready to take a deep dive into the world of accounting software, crack open the complexities of transactions, and explore the intricacies of QuickBooks Desktop and Excel, this course is just a click away. Begin your journey towards mastering the modern accounting landscape today!
Who this course is for:
- Accounting and Finance Students: If you're studying accounting or finance and are looking to comprehend how software like QuickBooks Desktop can simplify and streamline accounting tasks, this course will provide you with the practical knowledge and skills you need.
- Early Career Accountants: If you've recently entered the field of accounting and are looking to understand and navigate accounting software like QuickBooks Desktop, this course will be immensely beneficial. Additionally, you will learn how it compares to traditional Excel-based accounting.
- Bookkeepers and Accounting Professionals: For seasoned professionals looking to upgrade their skills, this course offers a unique perspective. You'll gain insights into how accounting software like QuickBooks Desktop and Excel compare and can complement each other in various aspects of accounting.
- Small Business Owners: If you manage your own accounting and are considering using QuickBooks Desktop or just want to understand how to efficiently use Excel for your accounting needs, this course is for you. You'll get a clear view of what's happening 'under the hood' of your accounting software.
- Finance Managers and Consultants: Professionals who advise businesses on accounting and finance matters will find this course beneficial as it provides comprehensive knowledge about two commonly used tools in the industry.
- Anyone with an Interest in Accounting Software: If you're simply curious about accounting software and how they streamline complex accounting processes, this course will give you an in-depth understanding using QuickBooks Desktop and Excel as examples.
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.