QuickBooks: Advanced Bookkeeping Techniques

Introduction

• What is QuickBooks?

1. Setting Up Your Account

• Setting up your account overview
• Browser tips and tricks
• Getting familiar with the QBO interface
• Account settings
• Create new customers
• Create new vendors and 1099 subcontractors
• Setting up your chart of accounts
• Setting up tags
• Setting up your service and non-inventory items
• Setting up custom form styles (templates)

2. Entering Income and Expenses

• Entering income and expenses overview
• Create a sales receipt
• Create a deposit as income
• Create expenses paid from the bank
• Write and print checks
• Create expenses paid from credit cards
• Entering transactions manually in the register

3. Working with Banks and Credit Cards

• Working with banks and credit cards overview
• Working with transfers and credit card payments
• Bank feed downloaded transactions
• Bank reconciliations

4. Managing Receivables and Payables

• Managing receivables and payables overview
• Create estimates
• Create invoices
• Receive customer payments
• Create a deposit from undeposited funds
• Create a credit memo
• Create a customer statement
• Creating vendor bills
• Paying open bills with a check, credit card, or bank debit
• Adjusting vendor balances via vendor credit

5. Reports and Journal Entries

• Reports and journal entries overview
• Understanding basic financial statements
• Sales and item reports
• Exporting reports
• Business overview and cashflow dashboards
• Creating a journal entry and its effect on reports
• Tag reports on transactions
• Detail report and column customization
• Open balance reports

Conclusion

• Where to learn more about QuickBooks Online