MINIMUM QUICKBOOKS - Last minute Bookkeeping just for Taxes
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MINIMUM QUICKBOOKS - Last minute Bookkeeping just for Taxes

Do the least amount of bookkeeping possible to satisfy the I.R.S. - Last Minute
4.9 (8 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
554 students enrolled
Last updated 9/2016
English
Curiosity Sale
Current price: $10 Original price: $20 Discount: 50% off
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Identify he minimum steps needed to complete bookkeeping requirements of the I.R.S
  • Set up a company for basic data entry
  • Record the most vital transactions for bookkeeping requirements in to a QuickBooks file
  • interpret basic financial reports
View Curriculum
Requirements
  • Basic computer skills. This class is for all levels
Description

This Course is designed to help people who have not done any bookkeeping during the year, but still need to file Taxes. Anyone who needs to do an entire year's worth of bookkeeping in a fw short days or weeks, should defiantly take this course. 

There is nothing irrelevant in this course. It shows the bare minimum necessary for "last minuet" bookkeeping with QuickBooks. The video lectures start at the beginning and show step by step how to do every thing necessary for basic bookkeeping for taxes. 

You will create and set up a company file from the beginning. You will learn how to record ANY type of bank deposit or check. You will learn how to record transfers between accounts and how to record credit card transactions. You will be able to navigate around QuickBooks and find anything you put in to file very quickly and easily. You will be able to record owner's investment and withdrawals of cash and other assets to and from the company. 

Most importantly, you will learn how to manage petty cash and mange and record events where the owner has "co-mingled" funds between himself (or herself) and the company. There's also a section for paypal users and managing a paypal account.

Who is the target audience?
  • Anyone who never di ANY bookkeeping for their business and is in a rush to satisfy the bookkeeping requirement for taxes
  • Anyone who wants basic QuickBooks and Bookkeeping knowledge
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Curriculum For This Course
21 Lectures
02:38:56
+
These videos will show you the minimum QuickBooks required by the I.R.S
21 Lectures 02:38:56

This lecture is an overview of what you will learn in the course

Preview 02:29

This video will help you prepare your documents to begin using QuickBooks. It's more to the overview of the course

Preview 05:11

You will learn the absolute minimum steps to creating a QuickBookls company file

Preview 04:27

You will learn about the preferences window and setting "defaults" in QuickBooks. You will learn how to manage the icon bar to your advantage.

Preparing your file
05:11

You will learn how to manage the chart of accounts. You will leanr what I mean by "financial accounts"

Input Financial Accounts
06:51

You will learn what register windows are and how to set them up

Setting up Registers
06:51

You will learn the difference between a "vendor" and an "expense". You will be able to put them in to QuickBooks

Setting up Expenses and vendors
07:51

You will input all remaining accounts in the chart of accounts

Input Remaining Accounts
06:52

You will learn how to record deposits from the income in the normal course of business

Recording Deposits from Income Sources
10:36

You will learn how to deposit different types of transactions

Depositing Owner Investment
04:39

You will learn how to record transfers between bank acounts

Transfers between accounts
06:31

You will learn how to record checks for business expenses

Paying Business Expenses
08:04

You will learn how to record events where the owner withdraws money from the business. 

Owners withdrawls
05:37

You will learn how to use the journal report to your advantage

Using the Journal report
08:24

You will learn about the effect of voiding and deleting transactions

Deleting Transactions
12:43

You will learn how to record credit card charges, payments and refunds

Credit card transactions
17:00

You will learn how to record events where business related expenses are paid from the owner's personal funds

Business Expense from personal account
08:43

You will be able to use the "find" tool for transactions and the search tool for any text anywhere in the file

Finding things in your file
12:03

You will be able to record transactions that effect more than 2 accounts in the chart of accounts

Split Transactions
08:46

You will demonstrate what you learned by doing the exercise that requires knowledge of cash and paypal transactions

Paypal and "cash in wallet" exersise
03:31

You must consult your accountant about these closing points !!

Important Closing points
06:36
About the Instructor
Professor Mark Smolen
4.5 Average rating
203 Reviews
5,228 Students
14 Courses
Professor of Computerized Accounting

I have 2 decades of experience teaching Computerized Accounting. I have taught QuickBooks at A.S.A college in Manhattan New York. I have made my lessons available to job training schools for adult education and have helped place hundreds of students in good paying jobs using QuickBooks and other software that they learned in my class. I am a permanently licensed teacher by the New York State Education Department. I am also a Certified QuickBooks Pro adviser. I have made these videos by determining what my clients needed and how effective they were in real life situations. I enjoy helping students turn frustration in to a feeling of comfort and satisfaction with QuickBooks