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Mastering QuickBooks Desktop: A Comprehensive Guide

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Mastering QuickBooks Desktop: A Comprehensive Guide, available at $94.99, has an average rating of 4.39, with 821 lectures, based on 1837 reviews, and has 82227 subscribers.

You will learn about Master the navigation of QuickBooks Desktop, becoming familiar with its numerous features and functionalities. Identify and comprehend the relationship between data input and the resultant financial statements and related reports. Analyze transactions using a transactional analysis approach, categorizing them into vendor, customer, and employee accounting cycles. Examine each cycle's data input forms in detail and their respective impacts on financial statements and related reports. Set up a new company file in QuickBooks Desktop, mastering foundational components like the chart of accounts, service items, and starting balances. Execute common transactions over a span of two months, analyzing each transaction's impact on financial reports. Perform bank reconciliations, ensuring financial integrity through demonstrated reconciliation procedures using sample bank statements. Master the integration of bank feeds, learning how to connect to the bank, download and incorporate bank data into the accounting system. Learn to apply bank rules efficiently for effective incorporation of banking transactions into QuickBooks Desktop. Create and apply adjusting entries at the month or year-end, aligning financial statement reports to their accounting basis. Develop an understanding of various accounting bases such as accrual, cash, or tax basis and their application in QuickBooks Desktop. Master best practices for budget construction, QuickBooks budget entry, and budget report generation. Dive into specialized topics such as the use of account numbers, form customization, and class tracking. Explore efficient transaction memorization for repeat entries in QuickBooks Desktop. Handle multiple currencies in QuickBooks Desktop, managing and reconciling foreign transactions. Develop strategies for handling complex accounting scenarios, utilizing QuickBooks Desktop to devise efficient solutions. Reflect on the pros and cons of QuickBooks Desktop, justifying the choice of accounting software for specific tasks based on their functionalities. Develop a comprehensive skill set to expertly navigate and utilize QuickBooks Desktop for a variety of accounting tasks and scenarios. Integrate the knowledge acquired to optimize the use of QuickBooks Desktop in real-world accounting scenarios. Showcase proficiency in QuickBooks Desktop by resolving complex accounting problems using the software. This course is ideal for individuals who are Aspiring Accountants and Finance Students: If you're studying or planning to pursue a career in accounting or finance, this course will help you become proficient in one of the industry's leading software tools. or Accounting Professionals: For those already working in the field, this course serves as a comprehensive refresher or a chance to update your QuickBooks Desktop skills. or Small Business Owners & Entrepreneurs: If you're running your own business and want to manage your own accounts or gain a better understanding of your financials, this course will serve as a detailed guide to using QuickBooks Desktop. or Freelancers and Self-Employed Individuals: Those handling their own finances and needing an effective way to track their income and expenses will benefit from this course's extensive exploration of QuickBooks Desktop. or Bookkeepers: This course is beneficial for bookkeepers in charge of financial records, helping them organize and manage these records more effectively using QuickBooks Desktop. or Consultants and Financial Advisors: If you provide businesses with financial management advice, this course can enhance your understanding of one of the most popular accounting platforms, thereby improving your consultancy services. or Any Individual Interested in QuickBooks Desktop: Whether you're considering a career change or are simply curious about understanding accounting software, this course offers an exhaustive understanding of QuickBooks Desktop. It is particularly useful for Aspiring Accountants and Finance Students: If you're studying or planning to pursue a career in accounting or finance, this course will help you become proficient in one of the industry's leading software tools. or Accounting Professionals: For those already working in the field, this course serves as a comprehensive refresher or a chance to update your QuickBooks Desktop skills. or Small Business Owners & Entrepreneurs: If you're running your own business and want to manage your own accounts or gain a better understanding of your financials, this course will serve as a detailed guide to using QuickBooks Desktop. or Freelancers and Self-Employed Individuals: Those handling their own finances and needing an effective way to track their income and expenses will benefit from this course's extensive exploration of QuickBooks Desktop. or Bookkeepers: This course is beneficial for bookkeepers in charge of financial records, helping them organize and manage these records more effectively using QuickBooks Desktop. or Consultants and Financial Advisors: If you provide businesses with financial management advice, this course can enhance your understanding of one of the most popular accounting platforms, thereby improving your consultancy services. or Any Individual Interested in QuickBooks Desktop: Whether you're considering a career change or are simply curious about understanding accounting software, this course offers an exhaustive understanding of QuickBooks Desktop.

Enroll now: Mastering QuickBooks Desktop: A Comprehensive Guide

Summary

Title: Mastering QuickBooks Desktop: A Comprehensive Guide

Price: $94.99

Average Rating: 4.39

Number of Lectures: 821

Number of Published Lectures: 790

Number of Curriculum Items: 821

Number of Published Curriculum Objects: 790

Original Price: $199.99

Quality Status: approved

Status: Live

What You Will Learn

  • Master the navigation of QuickBooks Desktop, becoming familiar with its numerous features and functionalities.
  • Identify and comprehend the relationship between data input and the resultant financial statements and related reports.
  • Analyze transactions using a transactional analysis approach, categorizing them into vendor, customer, and employee accounting cycles.
  • Examine each cycle's data input forms in detail and their respective impacts on financial statements and related reports.
  • Set up a new company file in QuickBooks Desktop, mastering foundational components like the chart of accounts, service items, and starting balances.
  • Execute common transactions over a span of two months, analyzing each transaction's impact on financial reports.
  • Perform bank reconciliations, ensuring financial integrity through demonstrated reconciliation procedures using sample bank statements.
  • Master the integration of bank feeds, learning how to connect to the bank, download and incorporate bank data into the accounting system.
  • Learn to apply bank rules efficiently for effective incorporation of banking transactions into QuickBooks Desktop.
  • Create and apply adjusting entries at the month or year-end, aligning financial statement reports to their accounting basis.
  • Develop an understanding of various accounting bases such as accrual, cash, or tax basis and their application in QuickBooks Desktop.
  • Master best practices for budget construction, QuickBooks budget entry, and budget report generation.
  • Dive into specialized topics such as the use of account numbers, form customization, and class tracking.
  • Explore efficient transaction memorization for repeat entries in QuickBooks Desktop.
  • Handle multiple currencies in QuickBooks Desktop, managing and reconciling foreign transactions.
  • Develop strategies for handling complex accounting scenarios, utilizing QuickBooks Desktop to devise efficient solutions.
  • Reflect on the pros and cons of QuickBooks Desktop, justifying the choice of accounting software for specific tasks based on their functionalities.
  • Develop a comprehensive skill set to expertly navigate and utilize QuickBooks Desktop for a variety of accounting tasks and scenarios.
  • Integrate the knowledge acquired to optimize the use of QuickBooks Desktop in real-world accounting scenarios.
  • Showcase proficiency in QuickBooks Desktop by resolving complex accounting problems using the software.

Who Should Attend

  • Aspiring Accountants and Finance Students: If you're studying or planning to pursue a career in accounting or finance, this course will help you become proficient in one of the industry's leading software tools.
  • Accounting Professionals: For those already working in the field, this course serves as a comprehensive refresher or a chance to update your QuickBooks Desktop skills.
  • Small Business Owners & Entrepreneurs: If you're running your own business and want to manage your own accounts or gain a better understanding of your financials, this course will serve as a detailed guide to using QuickBooks Desktop.
  • Freelancers and Self-Employed Individuals: Those handling their own finances and needing an effective way to track their income and expenses will benefit from this course's extensive exploration of QuickBooks Desktop.
  • Bookkeepers: This course is beneficial for bookkeepers in charge of financial records, helping them organize and manage these records more effectively using QuickBooks Desktop.
  • Consultants and Financial Advisors: If you provide businesses with financial management advice, this course can enhance your understanding of one of the most popular accounting platforms, thereby improving your consultancy services.
  • Any Individual Interested in QuickBooks Desktop: Whether you're considering a career change or are simply curious about understanding accounting software, this course offers an exhaustive understanding of QuickBooks Desktop.

Target Audiences

  • Aspiring Accountants and Finance Students: If you're studying or planning to pursue a career in accounting or finance, this course will help you become proficient in one of the industry's leading software tools.
  • Accounting Professionals: For those already working in the field, this course serves as a comprehensive refresher or a chance to update your QuickBooks Desktop skills.
  • Small Business Owners & Entrepreneurs: If you're running your own business and want to manage your own accounts or gain a better understanding of your financials, this course will serve as a detailed guide to using QuickBooks Desktop.
  • Freelancers and Self-Employed Individuals: Those handling their own finances and needing an effective way to track their income and expenses will benefit from this course's extensive exploration of QuickBooks Desktop.
  • Bookkeepers: This course is beneficial for bookkeepers in charge of financial records, helping them organize and manage these records more effectively using QuickBooks Desktop.
  • Consultants and Financial Advisors: If you provide businesses with financial management advice, this course can enhance your understanding of one of the most popular accounting platforms, thereby improving your consultancy services.
  • Any Individual Interested in QuickBooks Desktop: Whether you're considering a career change or are simply curious about understanding accounting software, this course offers an exhaustive understanding of QuickBooks Desktop.

Disregard any notion of becoming a QuickBooks expert in an hour. True proficiency takes time and comprehensive learning, which this course is designed to provide. Catering to both beginners and experienced users, our course initiates with the basics and progresses to in-depth software analysis.

This course is structured to enable learners to follow a start-to-finish path or jump directly to relevant sections. Serving as a dependable, up-to-date reference guide, it is ideal for ongoing consultation. We remain committed to course updates to ensure continued relevance and usefulness.

We understand that software-focused courses can become outdated swiftly, which is why we are dedicated to updating the material regularly. Additionally, we include lectures relevant to prior software versions, useful for those utilizing older QuickBooks versions.

This course provides backup files, an invaluable tool for learners wishing to progress ahead or revisit specific sections. These files ensure learners have identical data to the examples provided, facilitating an easy, step-by-step following of the presentation and task execution.

The course begins with accessing, downloading, and installing the QuickBooks software, potentially free of charge. Using a sample file provided by QuickBooks, learners will explore the software, identify frequently-used areas, and understand the correlation between data input and the generation of financial statements and related reports.

Our transaction analysis by accounting cycle – vendor, customer, and employee – enables learners to appreciate the flow of data input forms in each cycle and their consequent impact on financial statements and related reports.

A critical course component is the creation of a new company file, a vital step in understanding the setup of fundamental accounting system elements such as chart of accounts, service items, revenue items, and starting balances. Learners will practice data input for two months, using a variety of common transactions, supported by instructional videos, and evaluate each transaction’s impact on financial statements and related reports.

Upon completion of data input, learners will carry out bank reconciliations using sample bank statements, mastering the procedure and understanding the reasoning behind it. An expansive section on bank feeds demonstrates how to connect to the bank, download bank data into QuickBooks, create or verify financial transactions, and apply bank rules for efficiency. Data input using bank feeds for checking, credit card, and PayPal accounts will also be demonstrated.

Subsequently, learners will enter adjusting entries, used to align financial statement reports to their accounting basis at the month or year-end. Various accounting bases such as accrual, cash, and tax will be examined.

The course provides an understanding of the role of budgets in the accounting process, best practices for budget construction, QuickBooks budget entry, and generation of budget reports.

Additionally, specialized topics such as account number usage, form customization, class tracking, transaction memorization, fixed asset tracking, tax mapping, and multiple currency handling are included, offering a rounded understanding of QuickBooks Desktop.

Upon completion of this course, learners will have cultivated a comprehensive skill set, enabling proficient navigation and utilization of QuickBooks Desktop for all their accounting needs.

Course Curriculum

Chapter 1: 2024 QuickBooks Desktop Enterprise

Lecture 1: 1010 QuickBooks Software Types & Versions

Lecture 2: 1100 How to Update Software

Chapter 2: 2024 New for Enterprise – Unearned Revenue, Customer Prepayment or Deposit for

Lecture 1: 1110 Free 30 Day Trial – Download & Install

Lecture 2: 1115 Setup Sample Company File

Lecture 3: 1120 Customer Prepayment Overview – The Problem

Lecture 4: 1125 Normal Cycle – Estimate, Sales Order, & Purchase Order (1)

Lecture 5: 1130 Receive Inventory Bill, Invoice Customer & Receive Payment

Lecture 6: 1135 -AR Customer Prepayment Deposit Estimate, Sales Order, Receive Payment

Lecture 7: 1150 -AR Subscription Unearned Revenue Estimate, Sales Order, & Receive Payment

Lecture 8: 1155 -AR Subscription Unearned Revenue Monthly Invoicing & Revenue Recognition

Lecture 9: 1160 Customer Prepayment Estimate, Sales Order, Receive Payment

Lecture 10: 1165 Customer Prepayment – P.O., Bill, Invoice, & Receive Payment

Lecture 11: 1170 Unearned Revenue Estimate, Sales Order, Receive Payment

Lecture 12: 1175 Unearned Revenue – Monthly Invoicing

Chapter 3: 2023 QuickBooks Pro Desktop Overview

Lecture 1: Overview

Chapter 4: 2023 Intro-Getting Started

Lecture 1: 1005 QuickBooks Desktop vs QuickBooks Online

Lecture 2: Documents to Download

Lecture 3: 1009 QuickBooks Desktop

Lecture 4: 1010 How To Download the Software

Lecture 5: 1012 30 Day Free Trial or Purchase Process

Lecture 6: 1015 Install QuickBooks Desktop

Lecture 7: 1017 Increase Display Size

Chapter 5: 2023 Open Practice File-Review Home Page & Accounting Cycles

Lecture 1: 1020 Download & Open Sample File

Lecture 2: 1080 Home Page Overview

Lecture 3: 1100 Bank Feeds

Lecture 4: 1120 Preferences

Chapter 6: 2023 Vendor Cycle, Purchases Cycle, or Accounts Payable Cycle

Lecture 1: 1140 Vendors Section

Lecture 2: 1160 Vendor Center

Lecture 3: 1180 Bill Form

Lecture 4: 1200 Pay Bills Form Check

Lecture 5: 1220 Purchase Order Form P.O

Lecture 6: 1222 Bill With Inventory Connected to P.O.

Lecture 7: 1227 Inventory Adjustment

Lecture 8: 1240 Manage Sales Tax

Lecture 9: 1260 Check Form

Lecture 10: 1280 Void Check Prior Period

Chapter 7: 2023 Customer Cycle, Sales Cycle, or Accounts Receivable Cycle

Lecture 1: 1300 Customer Section Customer Cycle

Lecture 2: 1320 Customer Center

Lecture 3: 1340 Invoice Form

Lecture 4: 1360 Receive Payment Form

Lecture 5: 1380 Deposit Form

Lecture 6: 1400 Sales Receipts Form

Lecture 7: 1405 Barter Sale Transaction

Lecture 8: 1420 Credit Memo Refund Form & Bad Debt Expense

Lecture 9: 1423 Statement Charges

Lecture 10: 1426 Finance Charges

Lecture 11: 1429 Statements

Lecture 12: 1433 Estimate

Chapter 8: 2023 Other Home Page Items, Shortcuts, & Customizing Shortcuts

Lecture 1: 1440 Banking Section, Company Section Shortcuts

Lecture 2: 1460 Customize Shortcuts & Home Page Icons

Chapter 9: 2023 Employee Cycle – Payroll Cycle

Lecture 1: 1480 Employee Section Payroll Process

Lecture 2: 1500 Employee Center

Lecture 3: 1520 Pay Employees Form

Lecture 4: 1540 Pay Payroll Liabilities Form

Lecture 5: 1545 Process Payroll Forms

Lecture 6: 1548 Enter Time Form

Chapter 10: 2023 Lists – Chart of Accounts & Items Lists

Lecture 1: 1560 Lists

Lecture 2: 1580 Chart of Accounts

Lecture 3: 1600 Item Lists

Chapter 11: 2023 Help/Support, Reports Overview, & Backing Up Data File

Lecture 1: 1620 Help & Support Options

Lecture 2: 1640 Reports Overview

Lecture 3: 1660 Backup File

Chapter 12: 2023 Balance Sheet Reports

Lecture 1: 2020 Balance Sheet Report Overview7e0f0e.autosave

Lecture 2: 2040 Report Formatting Basics

Lecture 3: 2045 Report Filters

Lecture 4: 2060 Report Header Footer Formatting

Lecture 5: 2080 Report Fonts Numbers Formatting

Lecture 6: 2100 Comparative Balance Sheet Creation

Lecture 7: 2120 Balance Sheet Vertical Analysis

Lecture 8: 2140 Memorize Report Group Setup

Lecture 9: 2160 Memorize Reports

Lecture 10: 2180 Reports – Print, Save as PDF Organize

Lecture 11: 2181 Export Balance Sheet to Excel

Chapter 13: 2023 Income Statement – Profit & Loss

Lecture 1: 3020 Profit and Loss, P & L, Income Statement Overview

Lecture 2: 3040 Comparative Profit & Loss, P&L, Income Statement

Lecture 3: 3060 Vertical Analysis Profit Loss, P&L, Income Statement

Lecture 4: 3080 Memorize Profit & Loss, P&L, Income Statement Reports

Lecture 5: 3100 Print, Save as PDF Organize Profit Loss or Income Statement Reports

Lecture 6: 3105 Export to Excel Profit and Loss or Income Statement Reports

Chapter 14: 2023 Statement of Cash Flows & Supplemental Reports

Lecture 1: 4020 Statement of Cash Flows

Lecture 2: 4040 Accounts Receivable Aging Reports

Lecture 3: 4060 Accounts Payable Aging Reports

Lecture 4: 4065 1099 Reports

Lecture 5: 4080 Sales by Customer and Sales by Item

Lecture 6: 4140 Inventory Reports

Lecture 7: 4160 Payroll & Employee Reports

Instructors

Rating Distribution

  • 1 stars: 65 votes
  • 2 stars: 67 votes
  • 3 stars: 248 votes
  • 4 stars: 517 votes
  • 5 stars: 940 votes

Frequently Asked Questions


How long do I have access to the course materials?


You can view and review the lecture materials indefinitely, like an on-demand channel.


Can I take my courses with me wherever I go?


Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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