QuickBooks Business To Personal Equity Transactions

QuickBooks Business To Personal Equity Transactions, available at $39.99, has an average rating of 4.6, with 13 lectures, 1 quizzes, based on 26 reviews, and has 971 subscribers.

You will learn about Record Transaction Where The Owner Pays Business Expenses From Personal Funds Record Transaction Where The Owner Pays Non- Business Expenses From The Business Bank Account Record Withdrawls Of Cash, And Non-Cash Assets From The Business For Personal Home Use Record Investment Of Cash, And Non-Cash Assets In To The Business From The Owner Identify Retained Earnings And What It Represents Record Distribution Of Partnership Income Into The Equity Accounts Change The Fiscal Year In The Company File Change The Company Tax Form In The Quickbooks File Map Accounts To Lines In The Company Annual Federal Income Tax Form This course is ideal for individuals who are Anyone Who Needs To Keep Financial records Of A Business or Anyone Who Pays Business Epenses From Personal Accounts or Anyone Who Spends Business Money For Personal, Non-business, Home use or any partnership that distributes the shared income periodically or Anyone Who Withdraws Assets Or Cash From Thier Business For Non-Business Personal Home Use It is particularly useful for Anyone Who Needs To Keep Financial records Of A Business or Anyone Who Pays Business Epenses From Personal Accounts or Anyone Who Spends Business Money For Personal, Non-business, Home use or any partnership that distributes the shared income periodically or Anyone Who Withdraws Assets Or Cash From Thier Business For Non-Business Personal Home Use.

Enroll now: QuickBooks Business To Personal Equity Transactions

Summary

Title: QuickBooks Business To Personal Equity Transactions

Price: $39.99

Average Rating: 4.6

Number of Lectures: 13

Number of Quizzes: 1

Number of Published Lectures: 13

Number of Published Quizzes: 1

Number of Curriculum Items: 14

Number of Published Curriculum Objects: 14

Original Price: $22.99

Quality Status: approved

Status: Live

What You Will Learn

Record Transaction Where The Owner Pays Business Expenses From Personal Funds
Record Transaction Where The Owner Pays Non- Business Expenses From The Business Bank Account
Record Withdrawls Of Cash, And Non-Cash Assets From The Business For Personal Home Use
Record Investment Of Cash, And Non-Cash Assets In To The Business From The Owner
Identify Retained Earnings And What It Represents
Record Distribution Of Partnership Income Into The Equity Accounts
Change The Fiscal Year In The Company File
Change The Company Tax Form In The Quickbooks File
Map Accounts To Lines In The Company Annual Federal Income Tax Form

Who Should Attend

Anyone Who Needs To Keep Financial records Of A Business
Anyone Who Pays Business Epenses From Personal Accounts
Anyone Who Spends Business Money For Personal, Non-business, Home use
any partnership that distributes the shared income periodically
Anyone Who Withdraws Assets Or Cash From Thier Business For Non-Business Personal Home Use

Target Audiences

Anyone Who Needs To Keep Financial records Of A Business
Anyone Who Pays Business Epenses From Personal Accounts
Anyone Who Spends Business Money For Personal, Non-business, Home use
any partnership that distributes the shared income periodically
Anyone Who Withdraws Assets Or Cash From Thier Business For Non-Business Personal Home Use

Business Owners MUST withdraw money from their company to live. They Must Invest their own personal money to create the business. Very often they must spend business money from non-business accounts or pay non- business personal expenses from the business bank account. These transactions are normal! You will learn how any company would record them in to QuickBooks.

In this QuickBooks Desktop Course, you will learn and master every idea that relates to owner’s equity and transactions that involve owner’s equity accounts. QuickBooks will create these equity accounts in the chart of accounts. You will understand the meaning and reason for each of them.

You will finally get a clear explanation about “opening balance equity” and “retained earnings” and how they are used in QuickBooks.

You will also learn everything you need to know about “tax mapping” in QuickBooks. You will see how to change the company type as well as change the company tax form. The main focus of this course is to give the QuickBooks user an understanding of how to record transactions where the owner spends from his or her personal funds for business reasons or spends business funds for non- business reasons. You will also have a clear understanding of retained earnings and how it behaves in QuickBooks regarding the fiscal year end. It is easy and clear to do all of these things after taking this course.

You will know the meaning of every different Company Type available in the QuickBooks Desktop set up. You will learn what each different equity type of account in QuickBooks, as well as general accounting, is used.

The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise solutions.

I’m right here for you if you have any questions or need support. I hope you learn well and enjoy the course!

-Mark

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction to quickbooks desktop equity and tax issues course

Lecture 2: What is Owner's Equity ?

Lecture 3: Learn the Owner's Equity Accounts

Lecture 4: Tax Mapping and company type

Lecture 5: Retained Earnings and reports behavior

Lecture 6: Opening Balance Equity

Lecture 7: Distributing Partnership income

Lecture 8: Paying Business Expenses from personal funds

Lecture 9: Pay from personal funds with Tracking expenses by customer

Lecture 10: Paying non-business expenses from company funds

Lecture 11: Withdrawl of non cash assets by the owner

Lecture 12: QuickBooks desktop Equity Course Final Activity Test

Chapter 2: Bonus Section

Lecture 1: Bonus

Instructors

Mark Smolen
Professor of Computerized Accounting

Rating Distribution

1 stars: 1 votes
2 stars: 0 votes
3 stars: 1 votes
4 stars: 8 votes
5 stars: 16 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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