Introduction to QuickBooks 2015

Master Your Finances: Quick Start with QuickBooks 2015

Introduction to QuickBooks 2015

Master Your Finances: Quick Start with QuickBooks 2015

Step into the future of financial management with our QuickBooks 2015 course, designed to revolutionize the way you handle business accounting. This isn't just a course; it's a transformative journey that empowers you with the skills to efficiently navigate the complexities of business finances. Imagine having the confidence to effortlessly manage expenses, streamline invoicing, and harness your data to drive strategic decisions. With practical applications and expert guidance, you'll unlock a new world of possibilities, boosting your business's efficiency and profitability. Join the ranks of successful entrepreneurs who master their financial domains with ease. Embrace the opportunity to elevate your professional journey--your future success begins with QuickBooks 2015. Enroll now, and transform uncertainty into clarity!

Self Paced • Online Class • Accredited CEUs

$120

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OVERVIEW

CURRICULUM

Lesson 1. Mastering QuickBooks: Your Small Business Accounting Companion

Whether you consider yourself a potential or current small business owner, understanding QuickBooks might catalyze your future financial management. The course includes practical exercises and assignments to instill the knowledge required to enhance your business acumen.

Lesson 2. Seamlessly Setting Up QuickBooks

Setup of QuickBooks starts by deciding a conversion date and gathering essential financial information. Using methods like Express Start allows you to create a company file and populate it with necessary data.

Lesson 3. Mastering QuickBooks: A Comprehensive Guide for Upgraders and Beginners

From a familiar Title Bar to a customizable Top Icon Bar, navigating QuickBooks is an intuitive process for both veterans and newcomers. Users can leverage powerful tools like the Company Snapshot and various Centers to efficiently manage business operations.

Lesson 4. Mastering the Chart of Accounts: Your Gateway to Organized Financial Management

The chart of accounts is a systematic list of a company's financial accounts, including assets, liabilities, equity, income, and expenses. It helps organize and track financial transactions by assigning them to specific accounts, making it a crucial tool for accounting in QuickBooks.

Lesson 5. QuickBooks Basics: Customers, Jobs, and Vendors

The process of structuring customer and vendor information in QuickBooks is highlighted, emphasizing the significance of detailed data entry to support business transactions and reporting functions. The lesson introduces customization tips and organizational strategies, such as categorizing customers and personalizing vendor details, for refined control over business finances.

Lesson 6. Adding and Organizing Your Inventory

Items in QuickBooks are essential components of invoices and purchase orders, encompassing products you sell and inventory you purchase, along with additional elements like discounts and sales tax. By understanding how to create and manage an Items list, you ensure a comprehensive invoicing process, making financial records complete and precise.

Lesson 7. Comprehensive Guide to Creating Essential Lists in QuickBooks

QuickBooks simplifies business management with various lists like Fixed Asset and Price Level Lists, aiding in asset tracking and pricing strategies, respectively. Other essential lists include Sales Tax Code and Class Lists that help categorize transactions, enhancing organizational efficiency.

Lesson 8. The Art of Balancing Expenses and Bills

Lesson Summary 4: Financial management in QuickBooks involves recording all company bills immediately and selecting the right time to pay them, ensuring balanced accounts. The lesson explains accounts payable processes, describes several payment methods including checks and credit cards, and offers insights on efficiently setting up and printing checks.

Lesson 9. Bills and More: From Deletions to Discounts

This lesson dives into the nuanced features of QuickBooks for handling financial transactions like bills, deposits to vendors, and the application of discounts and credits. It ensures easy expense tracking and report generation, aiding effective financial management and streamlined reimbursement processes.

Lesson 10. The Art of Crafting Accurate Invoices for Products and Services

QuickBooks invoicing involves entering comprehensive details like customer selection, invoice numbers, and shipping information accurately to track sales and manage billing effectively. The system also supports generating credit memos for refunds and estimates to provide potential pricing to clients without affecting accounts.

Lesson 11. Tracking and Managing Sales Receipts and Prepayments

Explore how to support sales through backordered and consigned items, leveraging QuickBooks for efficient tracking and payments. Accumulate prepayments without prematurely declaring income, safeguarding financial integrity.

Lesson 12. Efficient Methods for Tracking Time and Mileage

For businesses that bill for labor and travel, QuickBooks provides two main methods to track time and mileage: through detailed entries of activities and mileage logs. This structured approach allows for accurate billing and provides comprehensive reports to review job costs and profitability.

Lesson 13. Comprehensive Steps to Create and Send Customer Statements

QuickBooks assists with statement preparation by offering a Preview option, ensuring that all details are correct before sending or printing. The software offers robust email integration, allowing businesses to swiftly distribute PDF statement copies directly to clients, enhancing communication efficacy.

Lesson 14. How to Enter Customer Payments in QuickBooks

Get a handle on financial details in QuickBooks by properly entering customer payments, differentiating between invoices and sales receipts, managing undeposited funds, and utilizing tracking tools. Finance charge rules let you apply late fees effectively, while credit assignments and correcting errors maintain account accuracy.

Lesson 15. Simplifying Your Financial Management with QuickBooks

Handling customer payments requires careful invoicing and deposit documentation in QuickBooks, while non-customer deposits need similar diligence through account selections. Transferring funds and dealing with NSF checks are streamlined using specific QuickBooks features for clear financial management.

Lesson 16. Loan Management Essentials

Understand how to effectively manage business loans by creating separate asset and liability accounts in QuickBooks to track purchases and borrowed money. Utilize the Loan Manager for seamless amortization schedule calculations and efficient payment tracking, including fees and escrow.

Lesson 17. Navigating Payroll Challenges with QuickBooks

With payroll being a potential administrative nightmare, QuickBooks offers scalable solutions to handle everything from basic payroll calculation to complete outsourced services. Choosing the right QuickBooks service level depends on balancing the cost against the convenience of automated tax deposits and filings.

Lesson 18. Creating Balanced Journal Entries with QuickBooks: A Comprehensive Guide

QuickBooks handles basic double entry accounting, but journal entries are necessary for detailed financial corrections and adjustments. These entries ensure that debits match credits, catering to tasks like account reallocations and asset depreciation.

Lesson 19. End-of-Year Financial Tasks Simplified with QuickBooks

QuickBooks' ability to map accounts to appropriate tax forms in the Chart of Accounts streamlines the tax preparation process, saving businesses potential accounting fees. Comprehensive support guides users in correcting misassigned tax lines to ensure thorough and accurate financial reporting.

Lesson 20. Safeguarding Your QuickBooks Data: Essential Practices and Protocols

To share your QuickBooks data, creating a portable company file is necessary which can then be emailed to others. This process requires selecting the specific option for creating a portable file and saving it to a chosen location.

Lesson 21. Inventory Control in QuickBooks: A Comprehensive Guide

Harness QuickBooks' powerful inventory features by properly setting up item lists and using the Inventory Center for comprehensive management. Maintain accuracy through regular physical inventory checks and adjustments to counteract potential shrinkage.

Lesson 22. Effortless Sales Tax Configuration: Using QuickBooks to Your Advantage

In this lesson, you will learn how to turn on and configure sales tax settings in QuickBooks for efficient invoicing and payment, including adding sales tax codes for customers and items. Mastering these features assists companies in promptly managing and remitting sales taxes with ease.

Lesson 23. Harnessing QuickBooks for Effective Budget Management: A Detailed Exploration

Forecasting profits and cash flow projection in QuickBooks rely on similar principles to budgeting, providing foresight based on previous data. Options for creating different types of budgets, such as Customer: Job or Class budgets, offer tailored planning possibilities.

Lesson 24. Running and Understanding QuickBooks Reports

QuickBooks offers a variety of categorized reports for easy access by users, covering aspects like company finances, sales, and inventory. Users learn to create, customize, and share these reports to fit business needs, with options like printing, emailing, and exporting to Excel.

Lesson 25. Mastering QuickBooks Bank Feeds

QuickBooks enhances online banking by facilitating the download of bank transactions, enabling the payment of bills, and offering the ability to send messages or transfer funds between accounts. This setup requires proper preparation and connection setup, which varies depending on the mode and bank services available.

In This Course

10 Hours average completion time
1.0 CEUs
25 Lessons
51 Exams & Assignments
11 Discussions
25 Videos
29 Reference Files
18 Articles
Mobile Friendly
Last Updated May 2024

Description

Introduction to QuickBooks 2015 is an accounting software program created by Intuit® for small businesses and self-employed professionals. It can be used for almost all financial business processes. You can use it for entering receipts, tracking expenses, invoicing, payment tracking, tax tracking, purchase orders, and even to prepare reports and statements regarding your finances. QuickBooks is your business' solution when it comes to bookkeeping and accounting.

Intuit and QuickBooks are trademarks and service marks of Intuit Inc., registered in the United States and other countries.

Skills You'll Develop

Inventory management and control
Seamless business transaction tracking
Efficient payroll processing
Sales tax configuration and compliance
Secure data handling and sharing
Organized account management
Comprehensive financial reporting
Customized budgeting and forecasting
Effective invoicing and payment processing
Financial management proficiency in QuickBooks
Accurate financial data entry

Skills You'll Develop

Inventory management and control
Seamless business transaction tracking
Efficient payroll processing
Sales tax configuration and compliance
Secure data handling and sharing
Organized account management
Comprehensive financial reporting
Customized budgeting and forecasting
Effective invoicing and payment processing
Financial management proficiency in QuickBooks
Accurate financial data entry

More About This Course

Comprehensive Navigation: Intuitive for both beginners and veterans.
Organized Financial Management: Efficiently track accounts and transactions.
Time and Mileage Tracking: Ensure accurate billing and profitability.
Detailed Data Entry: Enhance business reporting accuracy.
Create Accurate Invoices: Efficient billing for products and services.
Budget Management: Tailor plans with customized budgeting options.
Seamless Setup: Quickly start managing finances with ease.
Inventory Management: Ensure precise financial records and invoicing.
Master QuickBooks: Streamline your small business accounting effortlessly.
Effortless Sales Tax Setup: Manage and remit taxes smoothly.
Expense Balancing: Effectively manage bills and payments.

What You'll Achieve

Describe the steps required to set up a new company file in QuickBooks, ensuring accurate initial information entry.
Demonstrate the ability to generate a profit and loss statement and balance sheet within QuickBooks to assess financial health.
Define the steps for successfully installing QuickBooks software, ensuring compatibility and problem-solving during potential installation issues.
Identify and choose an optimal conversion date for transitioning to QuickBooks, justifying the decision based on workload and data requirements.
Demonstrate the capability to input necessary financial data into QuickBooks, using gathered information to accurately set up company files and accounts for business operations.
Define the functions of each QuickBooks Center and describe how they contribute to streamlined business operations.
Demonstrate the ability to customize the Top Icon Bar in QuickBooks to enhance workflow efficiency by adding or removing shortcuts and changing display preferences.
Define and categorize the six types of accounts used in a Chart of Accounts, including assets, liabilities, equity, income, cost of goods sold, and expenses
Demonstrate how to create, edit, and manage bank accounts in QuickBooks, including setting up account types, entering balances, and making accounts active or inactive
Define the steps to create a customer list in QuickBooks by utilizing the Customer Center menu options.
Demonstrate how to add a new vendor in QuickBooks by navigating through the Vendor Center and filling in the provided fields.
Define the process for adding new items to the Item List in QuickBooks and classify each item by type using the specified criteria.
Demonstrate the ability to customize columns and efficiently add or edit multiple entries in QuickBooks using Excel integration.