
Learn to set up a single QuickBooks file for business and personal use, with a chart of accounts, class tracking, and bank and credit card statements.
Set up a single QuickBooks file for business and personal use, configure the chart of accounts with cookbooks, and use class tracking to separate business and personal data.
Set up a new QuickBooks file to track business and personal expenses using class tracking and a predefined chart of accounts, with business and personal data kept separate.
Download the business and personal backup files, unzip the zip folders, and restore the qb backup file to access the prior dataset for the desired section.
Enter deposits and add classes in QuickBooks for January, separating personal and business activity from a bank statement and using a cash-basis method to improve reporting.
Learn to enter deposits from business and personal bank statements in QuickBooks, create Amazon book royalties as personal income, and assign classes to separate personal and business transactions for reports.
Learn to record personal and business cash outflows from bank statement in QuickBooks, classify expenses by personal or business using classes, and generate a profit-and-loss by class report for budgeting.
Enter business and personal cash outflows from a January bank statement into QuickBooks, including mortgage, medical, and IRA transactions, and classify them by personal or business accounts.
Enter and reconcile January bank activity for business and personal accounts in QuickBooks, comparing the bank statement to the check register, correcting errors, and verifying ending balances.
Add a business class and reclassify unclassified items in QuickBooks. Use class filters to view profit and loss by class and understand balance sheet relationships.
split a single expense between business and personal classes in QuickBooks using separate accounts, ratios, and class tracking, and review these allocations with the profit and loss by class report.
Set up sub accounts to separate personal and business in QuickBooks, creating master income and expenses with personal items subordinated. Customize the profit and loss by class to reflect groupings.
Compare two separate QuickBooks files for business and personal data with a single combined file using class tracking, and assess the pros and cons in the first month.
Manage pro-business and personal finances in one QuickBooks file, and enjoy an accounting comic break that reinforces core concepts.
Continue entering both business and personal data into one Quick Books file for month two after month one setup. Memorize transactions to streamline entry and avoid redoing chart of accounts.
Follow the link to a page hosting QuickBooks backup files you can download, enabling access to downloadable QuickBooks data for quick setup.
Enter February deposits into the QuickBooks file for business and personal income, using bank statement and W2 income, royalties, and guitar income, then reclassify via profit and loss by class.
Enter personal and business cash outflows in QuickBooks for February, including office supplies, entertainment, and charity, while classifying, memorizing accounts, and generating profit and loss by class.
Enter business and personal cash outflows from the February bank statement in QuickBooks, including credit card payments, college costs, and phone expenses, using check register and splits.
Learn how to enter business and personal cash outflows in QuickBooks using the check register and banking U.S. register, categorizing expenses such as mortgage, medical, and utilities with class-based splits.
Perform the February bank reconciliation for a combined business and personal account, verify the ending balance with the bank statement, and record charges and deposits on a cash basis.
Create copies of QuickBooks files and use backups. Focus on personal balance sheet items and track assets like home, automobile, and investments using class tracking in one file.
Follow the link to access downloadable QuickBooks backup files for both pro-business and personal use.
Track investments in a personal QuickBooks file for stocks and bonds, weighing cost against market value. Create copies of files and use backups to test different tracking methods.
The next presentation will use the Q One personal Quick Books file, with backup files available if needed.
Record personal investments in QuickBooks in a single file by creating three current asset accounts (mutual funds, bonds, IRA) at cost to reflect the balance sheet without impacting income statements.
Record investments at market value using one account per category in personal QuickBooks, converting from cost and updating market value over time with periodic reviews.
Record January investment activity in a personal QuickBooks file, update market values for mutual funds, bonds, and the IRA, and post unrealized gains to equity to avoid income statement impact.
Record February investment activity in a QuickBooks personal file, updating market value for investments, bonds, and IRA, and reflect unrealized gains and losses in other income and the financial statements.
Record December investments at cost and market value in a personal QuickBooks file, detailing mutual funds, bonds, and IRA with cost and unrealized gains or losses.
Record investments at cost and market value in QuickBooks for December, break out mutual funds with sub-accounts for cost and unrealized gains, and organize as a parent mutual funds account.
Record investments at cost and market value for January in QuickBooks using separate accounts for each investment, tracking mutual funds, bonds, and IRA with unrealized gains or losses.
Record investments at cost and market value for February using separate accounts in QuickBooks; adjust unrealized gains and losses by investment on the balance sheet.
Use the Q One personal Quick Books file and learn how to access backup files if needed.
Record the increase in personal home value in QuickBooks by adjusting the asset and setting up an equity account for unrealized gains, to reflect on the balance sheet.
Explore QuickBooks file concepts through an accounting comic break, reinforcing pro-business and personal accounting practices.
Enter a home loan mortgage into a personal QuickBooks file and record payments with interest and principal. Test methods with multiple backups to ensure accurate loan entries.
Access the page via the link to download QuickBooks backup files for both business and personal use.
Demonstrate using the Q One personal Quick Books file for the next presentation, with backup files available if needed.
Learn to use the QuickBooks file Q2 for personal bookkeeping, with backup files available if needed.
Record a home loan in a personal QuickBooks file and build an amortization table to allocate payments between interest and principal, aligning the balance sheet and accrual-based profit and loss.
Record a home loan in your personal QuickBooks file, and split each payment into interest and principal using an amortization table while updating the balance sheet and profit and loss.
Explore QuickBooks pro-business and personal file setup, with an accounting comic break that highlights essential accounting concepts.
Use the QuickBooks file Q2 for personal and business bookkeeping, with backup files available if needed.
Enter a personal paycheck in quickbooks, capturing gross pay, deductions (dental, federal income tax, social security, medicare), and net pay, using a pay stub, W-2 income, and journal entries.
Explore accounting concepts through a lighthearted comic break, integrating QuickBooks workflows for both business and personal file scenarios.
Explore recording credit card purchases, payments, and liability in a personal QuickBooks file, comparing accrual and cash-basis methods. Copy and test backup QuickBooks files to compare scenarios.
Learn to manage credit card liabilities in QuickBooks with a two-step method using the credit card register, vendor tracking, and accrual basis reporting on the balance sheet for 2020.
Discover practical QuickBooks techniques for business and personal use, and enjoy an accounting comic break that adds humor while reinforcing core financial concepts.
Both business and personal financial, bookkeeping, and tax information in one QuickBooks file using class tracking.
This course will demonstrate how to use the class tracking feature in QuickBooks Pro Desktop 2019, applying the feature to tracking both business and personal financial information in one QuickBooks file.
Note that tracking both business and personal data in one QuickBooks file will not be the best option for many businesses but is a good option for small businesses who want one location to track and analyze financial data and generate financial reports that can be used for tax preparation, budgeting, and business planning.
We will set up a QuickBooks file designed for both business and personal use, discussing how to use the class tracking feature and creating a chart of accounts.
The course will enter financial data from a bank statement that has both business and personal transactions, separating the financial transactions using the class tracking feature as we enter the data into QuickBooks.
We will compare the method of using one QuickBooks account for both business and personal data to using two separate QuickBooks files, one for personal and one for business, listing and describing pros and cons of each method and when they would be best applied.
The course will also discuss how to track personal balance sheet items and provide practical examples and alternative methods.
We will discuss how to record and track personal investments in Quickbooks.
The course will discuss how to enter financial data for the value of a home, the related home loan, and the mortgage payments that include both interest and principal portions.
We will discuss how to enter W-2 wages into QuickBooks to track our income, including a method for breaking out gross pay from the withholding amounts.
The course will cover different methods for tracking credit card balances and credit card payments.
We will also discuss methods for tracking the value of an automobile and the concept of prepaid expenses including how to record prepaid insurance.