QuickBooks Desktop Advance Project Based Training

Enter vendor balances in QuickBooks Desktop using the same interface as customers, and observe how the accounts payable control account updates to total balances.

Explore the difference between trading and non-trading activities in QuickBooks, and learn how to enter non-trading transactions such as prepaid expenses and advance rent using journal entries or write checks.

Record a security deposit paid by cash for shop as a non trading entry, creating the other asset, debit security deposit and credit cash, review in journal and print voucher.

Enter a new purchase in QuickBooks Desktop using the quick add vendor method and bills option. Add vendor and item details, quantities, and rates to generate the due date automatically.

Learn to create purchase orders in QuickBooks Desktop by selecting a vendor and entering items. Update costs when prices change and save the order without a journal entry.

Learn to process QuickBooks sales returns with refunds, manage available credit, and apply credits to invoices, adjusting inventory and cost of goods sold.

Convert January prepaid rent into expense by debiting rent expense for 5,000 and adjusting the six-month advance via a January 31, 2013 journal entry, non-cash and non-trading.

Extract and review the trial balance report in QuickBooks Desktop, verify accuracy, export as PDF, and learn practical reconciliation steps by checking each ledger and attaching backup.

Back up QuickBooks locally or online, yet local backups help store on external drives with date-time names, limit to three copies, then restore and manage or delete old company files.

Create Ravi Textiles company in QuickBooks, compare trading and manufacturing, select manufacturing to auto-create chart of accounts, set up sole proprietorship, and prepare to configure interloping balances.

Enter a direct purchase invoice in QuickBooks Desktop, select a vendor, add line items with quantities and totals, set the date and reference, then save and reconcile.

Learn to process bank to petty cash transfers in QuickBooks Desktop by using the transfer funds feature and recording accurate journal entries.

Record direct service purchases in QuickBooks Desktop by creating a service item linked to cost of goods sold, entering a bill for a vendor, and reviewing accounts payable.

Record fixed assets entries using a journal in QuickBooks desktop, posting a 50,000 balance from the bank and using a memo or reference for reconciliation, then save.

Record a direct sales invoice in QuickBooks Desktop, create the invoice with line items, and review the non-exchange journal entry.

Practice receiving payments in QuickBooks Desktop using a FIFO invoice sequence, clearing oldest invoices first and updating accounts receivable with cash receipts.

Learn to process a customer sales return in QuickBooks Desktop by recording refunds and credits against an invoice, applying credits, and reviewing the transaction journal.

Learn to record cash-based packing charges in QuickBooks Desktop by creating a service item for backing charges and posting them to cost of goods sold for inventory.

Learn how to add and manage custom fields in QuickBooks Desktop invoices, including defining item fields, multiple-choice sizes, and customizing the invoice template columns for headers and item details.

Extract the trial balance from reports, check balances like checking account against bank statement, identify unusual figures and discrepancies, and use third-party confirmations by email to reconcile accounts receivable.

Automate recurring entries in QuickBooks Desktop with memorized journal entries for monthly rent and recurring charges, treating prepaid rent as an asset and expensing it as the benefit is consumed.