QuickBooks Self-employed - Are you ready to get organized?

Name: QuickBooks Self-employed - Are you ready to get organized?
Rating: 4.4 (43 reviews)

Say goodbye to financial chaos & hello to automated accounting and a smooth tax season

Created byDesarie Anderson, CPA, EA

Last updated 9/2019

English

English [Auto],

What you'll learn

Students will learn how they can alleviate the pain of gathering all of their tax documents at tax time by tracking business income, capturing all expense deductions, tracking business mileage, estimating quarterly tax payments, all through the year by automating the process by at least 80%

Course content

1 section • 18 lectures • 4h 0m total length

2019 UPDATES12:49
Before you dive into the upcoming lectures, please watch this video for all the updates that have occurred with QuickBooks Self-employed through 2019. You may want to come back and rewatch this update video after you finish the course if you would like a refresher. Enjoy the course.
Introduction6:53
How to Connect Your Banking and Credit Card Accounts to QBSE9:26
How to Add-Import Your Transactions Using Your Bank Account or a Spreadsheet14:09
Learn to import transactions into QuickBooks Self-Employed from bank accounts or spreadsheets, manage the 90-day limit, add receipts and notes, and categorize expenses.
How to Filter uploaded transactions8:08
Learn to filter uploaded transactions in QuickBooks Self-Employed, separating business and personal spend, filtering by income, spending, subcategories (advertising, gas), and using time-based and account filters.
Understanding when to use the transfer option6:39
Learn when to classify transfers in QuickBooks Self-Employed, including credit card payments, owner deposits, owner withdrawals, and inter-account transfers, which do not count as income or expenses.
How to Exclude transactions1:17
Learn how to exclude transactions in QuickBooks Self-employed to keep your records organized, review excluded items, and delete unwanted entries before uploading in the sixty five format.
How to Enter transactions32:54
Enter and categorize transactions in QuickBooks Self-Employed, including transfers, income, and personal expenses, with notes, receipts, and splits. Exclude transactions and organize unreviewed items for accurate reporting.
How to Automate Your Accounting Using The Rules Feature18:58
How to Track Auto Miles19:31
Learn to set up a vehicle, track business versus personal miles with mileage tracking and automatic recording, generate year-end deductions, and share logs with your CPA in QuickBooks self-employed.
Calculating and paying Estimated Taxes26:26
Learn how to set up a tax profile in QuickBooks self-employed to project self-employment and W-2 income for quarterly estimated taxes, and pay online for accuracy.
How to Set up Schedule C deductions3:33
Learn how to set up Schedule C deductions in QuickBooks self-employed, focusing on the home office deduction, business asset deductions, and health care deduction to reduce taxable business profit.
How to Set Up The Home Office Deduction12:41
Choose actual expenses or safe harbor to claim the home office deduction, applying the business-use percentage to expenses like rent, utilities, and property taxes for space used exclusively for business.
How To Set up Business Asset Deductions12:19
Define how to handle business assets in quickbooks self-employed, detailing under-$2,500 expensing versus over-$2,500 depreciation and section 179 for profit and loss reporting.
How to Set up Health care and Health Savings Deductions14:31
Set up your health care profile in QuickBooks Self-Employed to determine eligibility for health care premium and health savings account deductions.
How to Create Reports25:47
Create and analyze reports in QuickBooks Self-Employed to track income, expenses, and deductions. Use profit and loss and tax details reports to inform decisions and prep taxes with your accountant.
How to Invoice Your Clients12:21
create and customize invoices in QuickBooks Self-Employed, set up payments, and send invoices with itemized lines, due dates, and a pay now option to help clients pay faster.
Linking QBSE to Turbo-tax so you can prepare your own tax return2:20

Requirements

Description

Do you want to alleviate the pain of gathering all of your documents at tax time? Would you like to automate about 80% of your accounting? Are you an independent contractor or a small business owner? If you answered yes to one or all three of these questions, you must sign up for this class.

You will learn how to sort and track business income, capture all expense deductions, track business mileage, estimate quarterly tax payments, and invoice your customers anytime, anywhere, from multiple devices. And what's even more exciting, you will learn how to automate 80% of the entire accounting process.

You will learn how to manage your entire business using QuickBooks self-employed. Give up the confusion and destain of bookkeeping and let this course together with the software easily guide you through the normal drudgery of bookkeeping. You will fall in love with QuickBooks Self-employed.

Who this course is for:

Tax Prepares & Accountants with small business clients, small business owners, independent contractors, Uber drivers, hair stylists
Anyone who wants to organize their business finances