QuickBooks Enterprise - Two Businesses & Personal in One

Name: QuickBooks Enterprise - Two Businesses & Personal in One
Rating: 4.5 (57 reviews)

Learn how to track both balance sheet and profit and loss activity for multiple companies & personal finances

Created byRobert (Bob) Steele

Last updated 1/2022

English

What you'll learn

How to download the free trial version of QuickBooks Enterprise and set up a new company file
How the class tracking feature differs between QuickBooks Enterprise and QuickBooks Pro
How to turn on the class tracking feature
How to enter financial data related to the sales cycle for multiple businesses & personal data
How to enter financial data related to the expense and purchases cycle for multiple businesses & personal data
How to generate and organize a balance sheet report by class
How to generate and organize a profit and loss report by class

Course content

4 sections • 14 lectures • 4h 50m total length

1100 Free Trial Version Download10:08
Learn to download and install QuickBooks Desktop Enterprise, start a 30-day free trial, and set up a test company file with a representative chart of accounts.
1200 Two Businesses & Personal Bookkeeping in One QuickBooks File Using Classes15:36
Set up a QuickBooks enterprise file to track two businesses and personal bookkeeping with classes; define B1, B2, and personal, and compare pro vs enterprise balance sheet tracking.
1205 Account Numbers & Default Class24:42
Learn to set up QuickBooks Enterprise with two businesses and personal in one file, using account numbers and default class rules to drive transactions by accounts, items, or names.

1210 Revenue Using Cash Method & Classes17:17
Learn to manage two businesses and personal finances in QuickBooks Enterprise by using cash method with class tracking, setting up revenue accounts, and splitting deposits by business.
1215 Revenue – Invoicing & Classes23:58
Learn to manage revenue for two businesses and a personal side in one QuickBooks Enterprise file using invoicing, classes, and accounts.
1220 Receive Payment & Make Deposit16:24
1225 Sales Receipt & Classes19:41
Explore the revenue cycle in QuickBooks Enterprise by using sales receipts and classes to manage two businesses in one file, including undeposited funds, deposits, and accounts receivable.

1230 Checks & Direct Expenses26:39
1235 Checks & Personal Direct Expenses22:32
Explore how to manage two businesses and personal expenses in a single QuickBooks enterprise file using classes, checks, and direct personal expenses, with cash-basis entries, splits, and class-based reports.
1240 Expenses Needing Allocation25:38
Explores allocating expenses between two businesses and personal accounts using classes and splits in quickbooks enterprise, including unclassified allocations, home office and auto expenses, and p&l by class.
1245 Bills, Accounts Payable & Classes25:32
Explore how to manage bills and accounts payable in QuickBooks Enterprise for two businesses and a personal account, using classes to allocate expenses and generate payable reports.
1250 Two Accounts Payable Accounts20:19

1255 Inventory Tracking Overview19:17
Learn to enable perpetual inventory tracking in QuickBooks Enterprise for two businesses using classes and locations. Set up purchases, bills, receiving, and class-based reporting.
1260 Two Inventory & COGS Accounts22:45
Master two businesses in QuickBooks Enterprise by tracking two inventory and cost of goods sold accounts across two locations and classes, with balance sheet and profit and loss by class.

Requirements

None

Description

This is a project-based course that will use the free trial version of QuickBooks Enterprise to track multiple business financial data as well as personal financial data in one QuickBooks Enterprise file. We will learn to generate and analyze both the balance sheet and income statement reports by class.

We will learn the difference between the QuickBooks Enterprise class tracking feature and the QuickBooks Pro class tracking feature.

The course will show how to turn on the class tracking feature in QuickBooks Enterprise.

Learners will enter financial data to the sales cycle, organizing the data using the class tracking feature. We will then generate and analyze profit and loss reports and balance sheet reports by class.

The course will demonstrate how to enter data related to the expenses and purchasing cycle, organizing the data using the class tracking feature. We will then generate and analyze profit and loss reports and balance sheet reports by class.

Learn how to track both balance sheet and profit and loss activity for multiple companies & personal finances

Who this course is for:

Accounting Students
Accounting Professionals
Bookkeepers

QuickBooks Enterprise - Two Businesses & Personal in One

What you'll learn

Explore related topics

Course content

Introduction3 lectures • 50min

Sales Cycle4 lectures • 1hr 17min

Expenses & Purchases Cycle5 lectures • 2hr 1min

Inventory & Cost of Goods Sold (COGS)2 lectures • 42min

Requirements

Description

Who this course is for: