Wave Accounting 2020
4.8 (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.
5,813 students enrolled

Wave Accounting 2020

Learn to use bank feeds with free accounting software (Wave) from a practicing Certified Public Accountant (CPA)
4.8 (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.
5,813 students enrolled
Last updated 2/2020
English
English [Auto]
Current price: $69.99 Original price: $99.99 Discount: 30% off
23 hours left at this price!
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This course includes
  • 5 hours on-demand video
  • 5 articles
  • 5 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • How to set up bank feeds for both bank accounts and credit card accounts
  • How to set up Wave Accounting
  • How to add transactions and assign proper general ledger accounts to them
  • How to do bank reconciliations
  • Understand the difference between a bank reconciliation when using a cash basis and accrual basis
  • Record transactions from two accounts that use bank feeds like a credit card account and a bank account
Requirements
  • None
Description

This course will use free accounting software which is an excellent tool to practice with.

This course will jump right into bank feeds and how to use them.

Many accounting software courses will spend a lot of time talking about how a full-service accounting system works. We do recommend spending time learning the full accounting process, and we do have courses that do just that.

However, many small businesses want to get right down to data input as fast as possible, and others already have a good understanding of the system and want to focus specifically on bank feeds.

We will focus on bank feeds in this course.

For example, some small businesses may be perfectly happy using a cash basis system and will, therefore, not need some of the functions used in a full accounting cycle. Businesses that use a cash basis model can structure their data input to be much more heavily dependent on the bank and bank feed data.

We will discuss types of businesses that fit well into a cash basis model as we work through the practice problems. We will also discuss some problem areas many businesses have and how to set up a system that works for them.

This course will work through a practice problem and will provide test data that learners can use in their system to follow along if they choose.

Who this course is for:
  • Business owners who want an easy system to track data
  • Bookkeepers who want to understand how bank feeds work
  • Students who want to apply theory to practical accounting software
Course content
Expand all 36 lectures 04:47:26
+ Introduction
4 lectures 23:49
Data Files to Download
00:01
315 How Do Bank Feeds Fit Into My Accounting System
08:13
+ Month One - Set up Bank Feeds
4 lectures 22:15
Data Files to Download
00:01
360 Download Transactions From Bank
10:49
365 Import Bank Data
05:51
+ Month One - Add Transactions from Bank Feeds
10 lectures 01:20:32
Data Files to Download
00:01
370 Add Expense Transactions
13:10
375 Add Capital Expenditures
10:59
380 Add Inventory Purchase
12:00
385 Add Amount Paid for Investment
06:36
390 Add Owner Withdraws
06:15
395 1 Customer Deposit
10:26
400 Sales Tax Calculation
09:51
405 1 Deposit Loan
06:13
405 2 Deposit Owner
05:01
+ Month One – Bank Reconciliation
2 lectures 16:56
406 Bank Beginning Balance
09:18
407 Bank Reconciliation
07:38
+ Month Two – Upload Bank Transactions
2 lectures 05:56
Data Files to Download
00:01
415 1 Upload Bank Transactions
05:55
+ Month Two – Add Transactions from Bank Feeds
9 lectures 01:41:08
415 2 Add Expenses
16:47
420 Add Insurance
07:58
425 Add Payroll Checks
10:30
430 1 Add Inventory
09:25
430 2 Add Loan Payment
11:42
435 Add Draw
07:08
440 1 Receive Payments On Invoice
12:43
440 2 One Deposit Two Invoices
11:24
445 Sales Receipt & Bank Feeds
13:31
+ Credit Card Bank Feeds
4 lectures 29:50
Data Files to Download
00:01
460 Credit Card Bank Feeds Upload
11:07
465 1 Add Credit Card Bank Feed Data
11:50
470 Reconcile Credit Card
06:52