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Two QuickBooks File-Business & Personal vs One File For Both

Finance & Accounting

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Two QuickBooks File-Business & Personal vs One File For Both, available at $49.99, has an average rating of 3.95, with 144 lectures, based on 46 reviews, and has 25109 subscribers.

You will learn about How to set up a QuickBooks Desktop Pro 2019 file to track personal financial data How to enter personal financial data into QuickBooks Desktop Pro 2019 from a bank statement How to use one QuickBooks file to track both personal and business financial data with the use of class tracking List and describe the pros and cons of using one QuickBooks file to track personal and business financial data to using two QuickBooks files Enter personal balance sheet data into personal QuickBooks Desktop Pro 2019 files including home, auto, and home loan Enter credit card data using multiple method into QuickBooks Pro Desktop 2019 Enter employee W-2 Income into QuickBooks Desktop Pro 2019 using multiple methods Enter insurance and other prepaid expenses into QuickBooks Pro Desktop 2019 using multiple methods This course is ideal for individuals who are Business owners looking for the best QuickBooks system for them. or Bookkeepers looking to differentiate themselves from the competition by learning how to use QuickBooks to track personal finances and use the class tracking feature. or Accounting students leaning how to apply accounting concepts to practice. It is particularly useful for Business owners looking for the best QuickBooks system for them. or Bookkeepers looking to differentiate themselves from the competition by learning how to use QuickBooks to track personal finances and use the class tracking feature. or Accounting students leaning how to apply accounting concepts to practice.

Enroll now: Two QuickBooks File-Business & Personal vs One File For Both

Summary

Title: Two QuickBooks File-Business & Personal vs One File For Both

Price: $49.99

Average Rating: 3.95

Number of Lectures: 144

Number of Published Lectures: 144

Number of Curriculum Items: 144

Number of Published Curriculum Objects: 144

Original Price: $199.99

Quality Status: approved

Status: Live

What You Will Learn

  • How to set up a QuickBooks Desktop Pro 2019 file to track personal financial data
  • How to enter personal financial data into QuickBooks Desktop Pro 2019 from a bank statement
  • How to use one QuickBooks file to track both personal and business financial data with the use of class tracking
  • List and describe the pros and cons of using one QuickBooks file to track personal and business financial data to using two QuickBooks files
  • Enter personal balance sheet data into personal QuickBooks Desktop Pro 2019 files including home, auto, and home loan
  • Enter credit card data using multiple method into QuickBooks Pro Desktop 2019
  • Enter employee W-2 Income into QuickBooks Desktop Pro 2019 using multiple methods
  • Enter insurance and other prepaid expenses into QuickBooks Pro Desktop 2019 using multiple methods

Who Should Attend

  • Business owners looking for the best QuickBooks system for them.
  • Bookkeepers looking to differentiate themselves from the competition by learning how to use QuickBooks to track personal finances and use the class tracking feature.
  • Accounting students leaning how to apply accounting concepts to practice.

Target Audiences

  • Business owners looking for the best QuickBooks system for them.
  • Bookkeepers looking to differentiate themselves from the competition by learning how to use QuickBooks to track personal finances and use the class tracking feature.
  • Accounting students leaning how to apply accounting concepts to practice.

QuickBooks Pro Desktop 2019, comparing two methods of tracking both business and personal records, one using two QuickBooks Desktop 2019 files, and one using a sing file to track both business and personal financial data using QuickBooks class tracking feature.

We will work with hands-on practical practice problems together under both methods, compare the results, and discuss the pros and cons of each approach.

The course will start with the method of using two separate QuickBooks files for business and personal records because this is the most widely recommended method and provides the greatest separation of business and personal data which is usually a good thing.

We will create new QuickBooks files for both business and personal records. The course will also provide backup files that can be used to jump forward in the course or to rework problems while using the same data set.

We will enter two months of data into our QuickBooks files using simulated bank statements we will provide in the course as PDF files. After we enter the data into QuickBooks, we will generate reports and compare the data in the personal and business files.

The next step will be to enter similar data into one QuickBooks file, a QuickBooks file that will be used to track both personal and business accounting data. To achieve this goal, we will start a new QuickBooks file and enter financial data from a simulated bank statement the course will provide in PDF format.

As we enter data into the joint QuickBooks file, we will assign a class to each transaction that will help to separate the data during financial reporting. After we have entered the data, we will generate reports including a profit and loss by class. The profit and loss by class report well separate business and personal expenses. We will also discuss other options for filtering reports by class.

We will then compare the two methods, the use of two separate QuickBooks files to the use of one QuickBooks file for both business and personal data, separating the content with the use of class tracking.

Next, we will discuss personal balance sheet items and how we can add them to our financial data including financial investments, our home, our mortgage, and our auto.

We will also discuss alternative methods for tracking credit cards, recording loan payments, and entering employee W-2 income.

In addition to the instructional videos, this course will include downloadable 

•    QuickBooks Pro Desktop 2019 Backup files

•    Excel practice files

•    Downloadable PDF Files 

The QuickBooks Desktop 2019 backup files are a great tool that allows us to jump ahead in the material or to rework material if we choose.

Excel practice files will be preformatted and will generally have at least two tabs, one tab with the completed work and a second tab with a preformatted worksheet we can fill in as we watch the instructional videos.  

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Chapter 2: Separate Business QuickBooks File-Set Up & Enter Data For First Month

Lecture 1: 2 Separate Business QuickBooks File-Set Up & Enter Data For First Month

Lecture 2: 420 Set Up New QuickBooks Business File

Lecture 3: QuickBooks Backup Files

Lecture 4: PDF – Bank Statement Business Account – January

Lecture 5: 425 Add Checking Account & Beginning Balance

Lecture 6: 430 Enter Business Deposits From Business Bank Statement January

Lecture 7: 435 Enter Business Outflows From Business Bank Statement January

Lecture 8: 440 Bank Reconciliation Business Account January

Lecture 9: 445 Print Reports Business Account January

Lecture 10: Accounting Comic Break

Chapter 3: Separate Personal QuickBooks File-Set Up & Enter Data For First Month

Lecture 1: 3 Separate Personal QuickBooks File-Set Up & Enter Data For First Month

Lecture 2: 520 Set Up New QuickBooks Personal File

Lecture 3: QuickBooks Backup Files

Lecture 4: PDF- Bank Statement – Personal Account – January

Lecture 5: 525 Add Checking Account & Beginning Balance Personal QuickBooks

Lecture 6: 530 Enter Business Deposits From Personal Bank Statement January

Lecture 7: PDF – Credit Card Statement – January

Lecture 8: 535 Enter Personal Cash Outflows Transfer to Business Checking, Entertainment, &

Lecture 9: 540 Enter Personal Cash Outflows Credit Cards, College Costs, & Phone January

Lecture 10: 545 Enter Personal Cash Outflows Mortgagee, Medical, & IRA January

Lecture 11: 550 Bank Reconciliation Personal Account January

Lecture 12: 555 Print Reports Personal Account January

Lecture 13: Accounting Comic Break

Chapter 4: Compare Separate Business & Personal QuickBooks Files For First Month

Lecture 1: 4 Compare Separate Business & Personal QuickBooks Files For First Month

Lecture 2: QuickBooks Backup Files

Lecture 3: 610 Compare Business & Personal January

Lecture 4: Accounting Comic Break

Chapter 5: One QuickBooks File for Business & Personal-Set Up & Enter Data For First Month

Lecture 1: 5 One QuickBooks File for Business & Personal-Set Up & Enter Data For First Mont

Lecture 2: 645 Set Up New QuickBooks File Business & Personal

Lecture 3: QuickBooks Backup Files

Lecture 4: PDF – Checking Account – Business & Personal – January

Lecture 5: 650 Add Checking Account & Beginning Balance Business & Personal File

Lecture 6: 655 Enter Deposits & Add Classes From Business & Personal Bank Statement January

Lecture 7: 657 Enter Deposits From Business & Personal Bank Statement January Part 2

Lecture 8: PDF – Credit Card Statement – January

Lecture 9: 660 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Ch

Lecture 10: 665 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone

Lecture 11: 670 Enter Business & Personal Cash Outflows Mortgagee, Medical, & IRA January

Lecture 12: 675 Bank Reconciliation Business & Personal Account January

Lecture 13: 680 Print Reports Business & Personal Account January

Lecture 14: 682 Add Classes To Business Accounts

Lecture 15: 684 One Expense Two Classes

Lecture 16: 687 SubAccounts To Sort Personal Accounts

Lecture 17: Accounting Comic Break

Chapter 6: Compare The Use Two Separate QuickBooks Files To The Use Of One-First Month

Lecture 1: 6 Compare The Use Two Separate QuickBooks Files To The Use Of One-First Month

Lecture 2: QuickBooks Backup Files

Lecture 3: 710 Compare Using 2 QuickBooks Files For Business & Personal to Just Using 1

Lecture 4: Accounting Comic Break

Chapter 7: Separate Business QuickBooks File-Enter Data For Second Month

Lecture 1: 7 Separate Business QuickBooks File-Enter Data For Second Month

Lecture 2: QuickBooks Backup Files

Lecture 3: PDF – Bank Statement – Business Account – February

Lecture 4: 722 Enter Business Deposits From Business Bank Statement February

Lecture 5: 724 Enter Business Outflows From Business Bank Statement February

Lecture 6: 726 Bank Reconciliation Business Account February

Lecture 7: 728 Print Reports Business Account February

Lecture 8: Accounting Comic Break

Chapter 8: Separate Personal QuickBooks File-Enter Data For Second Month

Lecture 1: 8 Separate Personal QuickBooks File-Enter Data For Second Month

Lecture 2: QuickBooks Backup Files

Lecture 3: PDF – Bank Statement – Personal Account – February

Lecture 4: 745 Enter Business Deposits From Personal Bank Statement February

Lecture 5: PDF – Credit Card Statement – February

Lecture 6: 747 Enter Personal Cash Outflows Food, Personal Books, & Charity February

Lecture 7: 750 Enter Personal Cash Outflows Credit Cards, College Costs, & Phone February

Lecture 8: 757 Enter Personal Cash Outflows Mortgagee, Medical, & Utilities February

Lecture 9: 760 Bank Reconciliation Personal Account February

Lecture 10: 762 Print Reports Personal Account February

Lecture 11: Accounting Comic Break

Chapter 9: Compare Separate Business & Personal QuickBooks Files For Second Month

Lecture 1: 9 Compare Separate Business & Personal QuickBooks Files For Second Month

Lecture 2: QuickBooks Backup Files

Lecture 3: 772 Compare Business & Personal February

Lecture 4: Accounting Comic Break

Chapter 10: One QuickBooks File for Business & Personal-Enter Data For Second Month

Lecture 1: 10 One QuickBooks File for Business & Personal-Enter Data For Second Month

Lecture 2: QuickBooks Backup Files

Lecture 3: PDF – Checking Account – Business & Personal – February

Lecture 4: 802 Enter Deposits From Business & Personal Bank Statement February

Lecture 5: PDF – Credit Card Statement – February

Lecture 6: 804 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Ch

Lecture 7: 806 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone

Lecture 8: 808 Enter Business & Personal Cash Outflows Mortgagee, Medical, & Utilities Febr

Lecture 9: 810 Bank Reconciliation Business & Personal Account February

Lecture 10: 812 Print Reports Business & Personal Account February

Lecture 11: Accounting Comic Break

Chapter 11: Compare The Use One Two Separate QuickBooks Files To The Use Of One-Second Month

Lecture 1: 11 Compare The Use One Two Separate QuickBooks Files To The Use Of One-Second Mo

Lecture 2: QuickBooks Backup Files

Lecture 3: 832 Compare Using 2 QuickBooks Files For Business & Personal to Just Using 1

Lecture 4: Accounting Comic Break

Chapter 12: Make Copy of Personal File

Lecture 1: Copy Personal QuickBooks File

Instructors

Rating Distribution

  • 1 stars: 0 votes
  • 2 stars: 5 votes
  • 3 stars: 5 votes
  • 4 stars: 12 votes
  • 5 stars: 24 votes

Frequently Asked Questions


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


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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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