Name: QuickBooks Online: Working with Vendors and Expenses
Rating: 4.7 (37 reviews)

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Created byAlicia Katz Pollock

Last updated 3/2016

English

What you'll learn

Work with the Vendor List
Adjust your Accounts Payable settings
Create Bills
Pay Bills
Write Checks
Print Checks
Add Credit Card Expenses
Buy Inventory
Make charges billable to Customers
Do basic job costing
Run expense reports

Course content

4 sections • 21 lectures • 1h 51m total length

What is the Chart of Accounts?2:27
Your Chart of Accounts is the backbone and foundation of your QBO. What is it, and how do you use it?
Bank Accounts3:54
Set up your checking and savings accounts.
Credit Card Accounts2:47
Add all your credits cards so you get a real look at your expenses.
AR & AP3:18
Let's take a look at QBO's Accounts Payable and Accounts Receivable accounts.
Cost of Goods7:56
What costs do you incur while providing your services? Track them in these Cost of Goods Sold accounts.
Expense Accounts8:04
Expense accounts track your business's overhead expenses so that you know how much it costs to deliver your products and services.
Expenses in the Chart of Accounts

Working with the Vendor Center4:41
Vendors are the people you buy items and services from. Use the Vendor Center to know who you owe, and how much.
Accounts Payable Settings5:46
There are many settings you can turn on and off depending on how your business operates. Know which ones will help you analyze your spending.
Adding New Vendors5:50
New Vendors can be added through the Vendor Center or on the fly.
Cleaning Up the Vendor List4:29
If you use Bank Feeds, sometimes you'll get several entries all for the same company. Combine all your Office Depot entries into one.
Creating and Paying Bills8:52
When you owe money, here's how to keep track of who you owe, how much you owe, and when you're supposed to pay it by.
Writing Checks5:10
Whether you write checks by hand or print them out, here's how to enter them in your system.
Printing Checks5:10
It's a lot easier to print out a batch of checks than it is to write them by hand. Here's how to set up your printer for both 3-up and voucher checks.
Using Credit Cards7:56
Many businesses rely on credit cards either for cash flow or frequent flier miles. Manage them in QuickBooks Online so that you don't pay too much in interest.
Vendor Credits5:28
When you return a product or receive a credit with a Vendor, it's important to track that refund so you get what's coming to you.
Marking Expenses as Billable9:35
If you incur expenses on behalf of a client and then they reimburse you, mark them as Billable so that they appear on your next invoice.

Requirements

You will need a subscription to QuickBooks Online. Note that if you want the Essentials or Plus versions, we can help you get a 20% discount!

Description

Learn QuickBooks Online! In this 3-hour course, business owners and bookkeepers will learn the correct way to manage their company expenses in QBO.

We’ll explore all your options for working with Vendors and Suppliers, from Purchase Order to Bill to Payment.

You'll see how to write and print checks, and enter credit card expenses.

We'll explore passing expenses on to Customers, and doing job costing.

Whether you’re new to QuickBooks Online – or suspect you’re not using it correctly – I’ll teach you all the basics (and a lot of tips & tricks) that will allow you to get the most out of your software, and watch your company grow.

As a QuickBooks ProAdvisor and member of the Intuit Trainer/Writer Network, I’ve assisted hundreds of small businesses to set up and troubleshoot their QuickBooks files, saving them time and money.

Complete this course and earn 3 CPE Credits!

Who this course is for:

Business owners and employees who maintain their company’s financial records
Entrepreneurs and new business owners who are just getting started, and want to make sure they have solid business knowledge so that they can succeed
Bookkeepers and Accountants who wish to brush up on their skills
Students and job-seekers will boost their employment marketability
Seasoned users looking to glean essential nuggets of information to make using QuickBooks easier and faster than before

What you'll learn

Explore related topics

Course content

Creating a Chart of Accounts6 lectures • 28min

Defining Products and Services2 lectures • 10min

Working with Vendors10 lectures • 1hr 3min

Running Reports3 lectures • 10min

Requirements

Description

Who this course is for: