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QuickBooks Online - Progress Invoicing & Revenue Recognition
Rating: 4.2 out of 5(28 ratings)
10,329 students

QuickBooks Online - Progress Invoicing & Revenue Recognition

Simplifying Complex Transactions for Extended Projects with Real-World Techniques
Created byRobert (Bob) Steele
Last updated 6/2023
English
English [Auto],

What you'll learn

  • Understand the principles and processes of progress invoicing and revenue recognition in QuickBooks Online.
  • Identify common revenue recognition issues that arise when managing jobs over a prolonged period.
  • Apply multiple techniques and strategies to handle these revenue recognition problems effectively.
  • Implement best practices for managing and monitoring long-term projects to ensure accurate invoicing and revenue recognition.
  • Use QuickBooks Online tools and features to streamline the progress invoicing and revenue recognition processes.

Course content

6 sections • 15 lectures • 4h 48m total length

  • 1010 Access Software to Practice With - Options10:12

    Explore how to practice QuickBooks Online 2023 with a test drive or a free 30-day trial, plus sandbox and sample company file options.

  • 1020 New Company Test File - Free 30 Trial21:30

    Explore setting up a free 30-day QuickBooks Online trial for a test company file, compare online vs desktop, and tailor the chart of accounts for inventory needs.

  • 1030 Progress Invoicing Overview - The Problem Progress Invoicing Solves13:30

    Explore how progress invoicing in QuickBooks Online 2023 balances billing with accrual revenue recognition, enabling estimates and percentage-based invoicing for long-term projects.

Requirements

  • Basic Accounting Knowledge: Understanding of basic accounting principles and terminologies is important. Concepts such as debits, credits, accounts payable and receivable, and general financial statement knowledge will be beneficial.
  • Familiarity with QuickBooks Online: Although this course will provide a comprehensive guide to progress invoicing and revenue recognition within QuickBooks Online, previous experience with the platform will be advantageous. Familiarity with the software's basic navigation and features will help you grasp the concepts quickly.
  • Motivated to Learn: The course dives deep into specific financial concepts. A desire to learn and apply these concepts is essential to fully benefit from the course.

Description

Dive headfirst into the intricate world of progress invoicing and revenue recognition with our comprehensive, 100% online course focusing on QuickBooks Online. Our meticulously designed course provides practical, hands-on knowledge, making it perfect for small business owners, accountants, financial professionals, or anyone seeking to broaden their understanding of these critical financial concepts.

We believe in learning by doing, which is why this course offers a blend of instructional content backed by real-world examples and interactive exercises. The course is specially designed to address common issues in revenue recognition that can emerge when managing jobs spread over extended periods. It presents multiple strategies to tackle these problems effectively, ensuring you're prepared to handle any challenges that come your way.

The aim of this course is not just to educate but to empower. We want you to finish this course with a clear understanding of progress invoicing and revenue recognition, but more importantly, with the ability to apply these concepts to your own business or job. This course will equip you with the necessary tools and knowledge to streamline your financial processes, enhance your business efficiency, and strengthen your financial management skills.

Join us on this journey to financial mastery, and let's revolutionize the way you understand and manage your business's finances together. Enroll now and take your first step towards becoming a QuickBooks Online expert.

Who this course is for:

  • Small Business Owners: Who need to understand how to manage revenue recognition and progress invoicing for long-term projects effectively.
  • Accountants and Financial Professionals: Who want to deepen their understanding of these essential financial concepts and how they're handled in QuickBooks Online.
  • Bookkeepers: Looking to expand their skills and provide more value to their clients.
  • Entrepreneurs: Who are self-managing their business finances and need a thorough understanding of progress invoicing and revenue recognition.
  • Financial Students or Enthusiasts: Seeking to gain practical knowledge of financial management in QuickBooks Online.
  • Professionals Preparing for QuickBooks Certification: This course can serve as a valuable resource for those preparing for certification, particularly for its focus on the advanced topics of progress invoicing and revenue recognition.

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