QuickBooks Online: Working with Vendors and Expenses
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QuickBooks Online: Working with Vendors and Expenses

Where is your money going? Keep track of where you spend it, and what you spend it on.
5.0 (5 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.
40 students enrolled
Last updated 3/2016
English
Current price: $10 Original price: $30 Discount: 67% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Work with the Vendor List
  • Adjust your Accounts Payable settings
  • Create Bills
  • Pay Bills
  • Write Checks
  • Print Checks
  • Add Credit Card Expenses
  • Buy Inventory
  • Make charges billable to Customers
  • Do basic job costing
  • Run expense reports
View Curriculum
Requirements
  • You will need a subscription to QuickBooks Online. Note that if you want the Essentials or Plus versions, we can help you get a 20% discount!
Description

Learn QuickBooks Online! In this 3-hour course, business owners and bookkeepers will learn the correct way to manage their company expenses in QBO.

We’ll explore all your options for working with Vendors and Suppliers, from Purchase Order to Bill to Payment.

You'll see how to write and print checks, and enter credit card expenses.

We'll explore passing expenses on to Customers, and doing job costing.

Whether you’re new to QuickBooks Online – or suspect you’re not using it correctly – I’ll teach you all the basics (and a lot of tips & tricks) that will allow you to get the most out of your software, and watch your company grow.

As a QuickBooks ProAdvisor and member of the Intuit Trainer/Writer Network, I’ve assisted hundreds of small businesses to set up and troubleshoot their QuickBooks files, saving them time and money.

Complete this course and earn 3 CPE Credits!

Who is the target audience?
  • Business owners and employees who maintain their company’s financial records
  • Entrepreneurs and new business owners who are just getting started, and want to make sure they have solid business knowledge so that they can succeed
  • Bookkeepers and Accountants who wish to brush up on their skills
  • Students and job-seekers will boost their employment marketability
  • Seasoned users looking to glean essential nuggets of information to make using QuickBooks easier and faster than before
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Curriculum For This Course
21 Lectures
01:51:23
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Creating a Chart of Accounts
6 Lectures 28:26

Your Chart of Accounts is the backbone and foundation of your QBO. What is it, and how do you use it?

Preview 02:27

Set up your checking and savings accounts.

Bank Accounts
03:54

Add all your credits cards so you get a real look at your expenses.

Credit Card Accounts
02:47

Let's take a look at QBO's Accounts Payable and Accounts Receivable accounts.

AR & AP
03:18

What costs do you incur while providing your services? Track them in these Cost of Goods Sold accounts.

Cost of Goods
07:56

Expense accounts track your business's overhead expenses so that you know how much it costs to deliver your products and services.

Expense Accounts
08:04

Expenses in the Chart of Accounts
13 questions
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Defining Products and Services
2 Lectures 10:11

The Products and Services list is where you create all the items that will appear on Estimates, Invoices, Sales Receipts, Checks and Bills.

Overview
03:29

If you need to know how many Products you have in stock so that you don't run out, here's how to manage your Inventory.

Setting Up Inventory
06:42
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Working with Vendors
10 Lectures 01:02:57

Vendors are the people you buy items and services from. Use the Vendor Center to know who you owe, and how much.

Preview 04:41

There are many settings you can turn on and off depending on how your business operates. Know which ones will help you analyze your spending.

Accounts Payable Settings
05:46

New Vendors can be added through the Vendor Center or on the fly.

Adding New Vendors
05:50

If you use Bank Feeds, sometimes you'll get several entries all for the same company. Combine all your Office Depot entries into one.

Cleaning Up the Vendor List
04:29

When you owe money, here's how to keep track of who you owe, how much you owe, and when you're supposed to pay it by.

Creating and Paying Bills
08:52

Whether you write checks by hand or print them out, here's how to enter them in your system.

Preview 05:10

It's a lot easier to print out a batch of checks than it is to write them by hand. Here's how to set up your printer for both 3-up and voucher checks.

Printing Checks
05:10

Many businesses rely on credit cards either for cash flow or frequent flier miles. Manage them in QuickBooks Online so that you don't pay too much in interest.

Using Credit Cards
07:56

When you return a product or receive a credit with a Vendor, it's important to track that refund so you get what's coming to you.

Vendor Credits
05:28

If you incur expenses on behalf of a client and then they reimburse you, mark them as Billable so that they appear on your next invoice.

Marking Expenses as Billable
09:35
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Running Reports
3 Lectures 09:49

The Profit & Loss (P&L) report is the most essential report you can run to analyze your income and expenses.

Your Profit & Loss Report
04:38

What ARE you spending your money on? These reports will help you figure out why you make a lot of money, but your bank account is still low.

Review Expenses Reports
02:55

Keep track of your Vendors and the money you owe them.

Accounts Payable Reports
02:16
About the Instructor
Alicia Katz Pollock
4.4 Average rating
117 Reviews
493 Students
9 Courses
QuickBooks ProAdvisor with a Masters Degree in Teaching

Over 30 years ago, when she was 13, Alicia Katz Pollock received her first computer, an Apple IIc. She immediately designed a database for her father’s dental practice to automatically send postcards to his patients every 6 months to come in for a checkup and cleaning. Her passion for computers grew as she did.

A natural teacher, Alicia earned her Master of Arts in Teaching, but instead of turning to the public schools, she developed computer curricula.

She blends the skills of technology, the art of communication, the patience of a trainer, the wisdom of a business consultant, and the detailed eye of an obsessive-compulsive to bring you the finest in business solutions.

Alicia’s certifications include:

  • QuickBooks Certified User
  • Intuit ProAdvisor
  • Microsoft Certified Trainer
  • Apple Consultants Network
  • Apple Certified Support Professional, 10.5
  • Apple Certified Support Professional, 10.7
  • Apple Certified Support Professional, 10.10
  • Microsoft Certified Application Specialist in Word, Excel, Access, PowerPoint, and Outlook
  • Microsoft Office Specialist, Master Level