QuickBooks Online - Progress Invoicing & Revenue Recognition
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.
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.
Instructor
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.