QuickBooks Pro-Business & Personal-One QuickBooks File
4.1 (9 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4,594 students enrolled

QuickBooks Pro-Business & Personal-One QuickBooks File

Both business and personal financial, bookkeeping, and tax information in one QuickBooks file using class tracking.
4.1 (9 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4,594 students enrolled
Last updated 1/2019
English
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Current price: $139.99 Original price: $199.99 Discount: 30% off
23 hours left at this price!
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This course includes
  • 9 hours on-demand video
  • 13 articles
  • 11 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • How to track both business and personal financial, bookkeeping, and tax informaiton in one QuickBooks file using class tracking
  • How to use the QuickBooks Pro Desktop 2019 feature of class tracking
  • How to set up a QuickBooks files designed for both business and personal use
  • How to create a chart of accounts for both business and personal use
  • How to enter both business and personal financial data to QuickBooks from a bank statements separating the transactions using class tracking
  • How to generate business and personal financial statements using class tracking
  • How to track and enter personal financial investments into QuickBooks
  • How to track the value of a home and the related loan
  • How to enter personal W-2 income into QuickBooks including breaking out gross pay and withholding amounts
  • How to enter credit card payments and track credit card liabilities
  • How to track the value of a personal automobile
  • How to account for prepayments and why it helps with budgeting and measuring performance
Requirements
  • It would be best to have a copy of QuickBooks Pro or other Desktop version
Description

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.

Who this course is for:
  • Small business owners who want to track business, personal, and tax data in one QuickBooks files
  • Bookkeepers who want to learn how to track personal and business data in one file
  • Anybody who want to use the class tracking feature using QuickBooks Desktop
Course content
Expand all 93 lectures 08:53:31
+ Set Up QuickBooks Files For Both Business & Personal Use & Enter Data
17 lectures 02:44:14
PDF - Checking Account - Business & Personal - January
00:02
655 Enter Deposits & Add Classes From Business & Personal Bank Statement January
14:15
657 Enter Deposits From Business & Personal Bank Statement January Part 2
12:50
PDF - Credit Card Statement - January
00:02
660 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Ch
19:41
665 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone
19:38
670 Enter Business & Personal Cash Outflows Mortgagee, Medical, & IRA January
19:21
675 Bank Reconciliation Business & Personal Account January
13:28
680 Print Reports Business & Personal Account January
08:32
682 Add Classes To Business Accounts
10:53
684 One Expense Two Classes
08:06
687 SubAccounts To Sort Personal Accounts
19:31
Accounting Comic Break
00:15
+ Compare The Use Two Separate QuickBooks Files To The Use Of One-First Month
4 lectures 22:01
3 Compare The Use Two Separate QuickBooks Files To The Use Of One-First Month
00:36
QuickBooks Backup File
00:02
710 Compare Using Two QuickBooks Files For Business & Personal to Just Using O
21:08
Accounting Comic Break
00:15
+ Enter Both Business & Personal Data To One QuickBooks File - Month Two
11 lectures 01:17:34
4 Enter Both Business & Personal Data To One QuickBooks File - Month Two
00:46
QuickBooks Backup File
00:05
PDF - Checking Account - Business & Personal - February
00:02
802 Enter Deposits From Business & Personal Bank Statement February
14:52
PDF - Credit Card Statement - February
00:02
804 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Ch
14:20
806 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone
13:43
808 Enter Business & Personal Cash Outflows Mortgagee, Medical, & Utilities Febr
11:47
810 Bank Reconciliation Business & Personal Account February
09:04
812 Print Reports Business & Personal Account February
12:39
Accounting Comic Break
00:13
+ Make Copy QuickBooks File & Use Backup Files
4 lectures 02:11
5 Make Copy of QuickBooks File & Use Backup Files
01:43
Data files
00:10
QuickBooks Backup File
00:05
Accounting Comic Break
00:13
+ Track Investments In Personal QuickBooks File
15 lectures 01:44:41
6 Track Investments In Personal QuickBooks File
01:00
QuickBooks Backup File
00:05
PDF - Investment Statements
00:02
Use QuickBooks File Q1
00:09
Q1 842 Record Investment At Cost Using One Account Personal QuickBooks
16:36
Q1 844 Record Investments At Market Using One Account Personal QuickBooks
07:31
Q1 846 Record Investment Activity For January No Effect On Income Statement Pers
09:47
Q1 847 Record Investment Activity For January Increasing Other Income Personal Q
05:28
Q1 848 Record Investment Activity For February Increasing Other Income Personal
07:35
Use QuickBooks File Q2
00:09
Q2 852 Record Investments At Cost & Market Value December Personal QuickBo
16:46
Q2 853 Record Investments At Cost & Market Value December Separate Accounts Pers
16:11
Q2 854 Record Investments At Cost & Market Value January Separate Accounts Perso
12:52
Q2 856 Record Investments At Cost & Market Value February Separate Accounts Pers
10:17
Accounting Comic Break
00:13
+ Track Home Value In Personal QuickBooks File
8 lectures 26:09
7 Track Home Value In Personal QuickBooks File
01:24
QuickBooks Backup File
00:02
Use QuickBooks File Q1
00:09
Q1 882 Record Home At Cost Personal QuickBooks
09:20
Q1 884 Record Home Increase In Value Personal QuickBooks
05:42
Use QuickBooks File Q2
00:09
Q2 892 Record Home At Appraised Value Using Two Accounts Personal QuickBooks
09:10
Accounting Comic Break
00:13
+ Enter Home Loan / Mortgage In Personal QuickBooks File
9 lectures 37:03
8 Enter Home Loan Mortgage In Personal QuickBooks File
01:17
QuickBooks Backup File
00:05
Amortization Schedule - Home Loan
00:02
Use QuickBooks File Q1
00:09
Q2 902 Record Home Loan Adjust To Loan Statement Personal QuickBooks.ENCODING
12:08
Use QuickBooks File Q2
00:09
Q1 905 Record Home Loan & Make Amortization Table Personal QuickBooks
11:15
Q2 907 Record Home Loan & Adjust Loan Payments Personal QuickBooks
11:45
Accounting Comic Break
00:13
+ Enter W-2 Employee Income In Personal QuickBooks File
6 lectures 17:21
9 Enter W-2 Employee Income In Personal QuickBooks File
01:37
QuickBooks Backup File
00:05
PDF - Paycheck Stub
00:02
Use QuickBooks File Q2
00:09
Q2 910 Record Paycheck Personal QuickBooks
15:14
Accounting Comic Break
00:14
+ Enter Credit Card Purchases, Payments, & Liabilities In Personal QuickBooks File
6 lectures 19:23
10 Enter Credit Card Purchases, Payments, & Liabilities In Personal QuickBooks F
01:15
QuickBooks Backup File
00:02
PDF - Credit Card Statement - January & February
00:02
Use QuickBooks File Q2
00:09
Q2 915 Credit Card Liabilities Personal QuickBooks
17:41
Accounting Comic Break
00:13