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What you'll Learn:

Mastering QuickBooks Level 1

  1. Getting Started
    • Setting up your company
    • Moving around QuickBooks...EFFICIENTLY
    • Customize your Home page
    • Getting help...FAST
  2. Everyday Transactions
    • Selling: invoices, sales receipts, payments, deposits, credit memos, statement charges, linking to 3rd party software, and customer statements
    • Buying: bills, bill payments, checks, bills vs. checks, and credit memos
    • Inventory: purchase orders, receiving items, adjusting inventory
    • Sales Taxes: setting up, adjusting, paying, and reporting sales taxes
    • Banking: reconciling bank accounts and locating discrepancies
  3. Special Transactions
    • Giving and receiving refunds
    • Voiding vs. deleting a check
    • Applying credit memos
  4. Tips & Tricks
    • Special "Window" tricks
    • Cleaning up lists (delete, hide and merge)
    • Sorting and customizing lists
    • "Collapsing" financial statements
    • Showing P&L by month, or as a percent of income
  5. Understanding Accounting
    • Really understanding your financial statements
    • Setting up the chart of accounts
    • Changing and fixing the chart of accounts
    • Cash vs. Accrual accounting
    • Using general journal entries
    • Creating and using subaccounts
    • Using the Company Snapshot feature
  6. Payroll
    • Setting up payroll
    • Entering year-to-date payroll information
    • Setting up employees
    • Creating payroll items
    • Tracking and invoicing time
    • Processing paychecks
    • Modifying paychecks
    • Making tax deposits
    • Preparing tax forms
  7. Working with Reports
    • Adding, deleting, resizing, and reordering columns
    • Filtering and formatting reports
    • Saving reports and creating memorized report groups
  8. Advanced Features
    • Using petty cash
    • Setting up QuickBooks on a network (multi-user)
    • Password protecting QuickBooks
    • Updating QuickBooks
    • Working with Microsoft Word and Microsoft Excel
    • Closing the books
    • Finding transactions FAST and other time saving features
    • Working with the accountant's review
    • Protecting your QuickBooks data
  9. Tips & Tricks
    • Keyboard shortcuts
    • Tailoring company preferences
    • Creating custom invoices and other forms
    • Adding logos and custom fields to forms
  10. Tricky Transactions
    • Using online banking
    • Handling bounced checks...easily
    • Entering customer down payments/deposits
    • Creating automatic transactions (memorizing transactions)
    • Using credit cards

Mastering QuickBooks Level 2

  1. Customizing QuickBooks (make QuickBooks REALLY work for you!)
    • Modifying important preferences
    • Customizing your home page
    • Modifying the iconbar
    • Creating and using custom fields
    • Using account numbers
    • Using classes (for departments, locations, etc.)
  2. Sales Transactions, Tricks, and Workarounds
    • Setting up price levels
    • Sales orders/backorders
    • Batch invoicing
    • Invoicing for billable costs
    • Complex sales tax situations
    • Creating and using estimates
    • Progress invoicing
    • Finding and fixing typical errors in accounts receivable
    • 2 methods for handling customer deposits
    • Managing collections
    • Writing off bad debts
    • Customer under- and over-payments
    • Transferring customer credits
    • Working with multiple accounts receivable accounts
    • Entering retail sales
  3. Purchase Transactions, Tricks, and Workarounds
    • Purchasing and accounting for fixed assets
    • Entering company loans with the Loan Manager
    • Lines of credit
    • Typical bill payment errors
    • Preparing 1099’s at year-end
    • Employee and owner purchases
    • Prepaid expenses
    • Vendor deposits
    • Vendor refunds
    • Barter transactions
    • Voiding prior period checks
    • Using the cash flow projection tool
  4. Items & Inventory
    • Expenses vs. Items…which do you use?
    • Inventory limitations
    • Inventory adjustments
    • Creating group items
    • Working with inventory assemblies
    • Units of measure
  5. Advanced Tricks
    • When should you start over with a new file?
    • The limitations of QuickBooks
    • Handling bank reconciliation errors
    • Using multiple currencies
    • Fixing errors in all areas of QuickBooks... there are so many we can't list them all!
  6. Completing Set Up
    • Completing setup: opening balances, completing lists, special accounts, opening balance equity, and payroll setup
    • 2 methods for entering transaction history
    • Checking the setup…is it right?
  7. Payroll Transactions, Tricks, and Workarounds
    • Correcting the setup of payroll items
    • Adding difficult payroll items
    • Using payroll effectively for job costing
    • Voiding/Reprinting paychecks
    • Handling special payroll deductions and payments
    • Preparing and adjusting W-2s
    • Employee loans
    • Setting up and tracking workers compensation insurance
    • Net to Gross paycheck calculations
  8. Mastering QuickBooks Reporting
    • Advanced report customization
    • Report types in QuickBooks…what you really need to know!
    • Importing and exporting reports
    • Using special fields to improve reports
    • Troubleshooting reports filters
    • Memorizing reports and creating report groups
    • Adding reports to the iconbar
    • Powerful techniques for modifying reports in Excel
    • Generating custom summary and transaction reports
    • Graphing QuickBooks data in Excel
    • Budgets and forecasts
    • Combining financial statements
    • Extending the QuickBooks database
    • Using advanced fields for reports (customer type, vendor type, job type, custom fields, and more)
  9. Unlocking the Power of QuickBooks
    • Deleting and archiving old transactions in your file
    • Remote access (to access your company file through the internet)
    • Automating backups
    • Tricks to make QuickBooks run faster and more efficiently
    • Corrupt data files…how, why, and what to do
    • Verify and rebuild company files
  10. Importing and Exporting
    • Exchanging data between QuickBooks files
    • Importing and exporting lists
    • Importing and exporting customized forms
    • Using reports with multiple company files
    • Exchanging data between QuickBooks and other programs
    • Working with integrated applications
    • Using special Excel import feature
  11. Secrets Your Accountant Should Know
    • Common client mistakes and their fixes
    • Closing the books
    • Getting information to and from your accountant
    • Finding changes made to closed periods
    • Understanding and using retained earnings
    • Discovering quirks of QuickBooks journal entries
    • Using reversing journal entries
    • Year-end procedures
    • Using the Audit Trail and other reports to find errors
    • Cash basis financial statements (what is QuickBooks doing?)
    • Special reports for your accountant
    • What you REALLY need to know to become an advanced user!
    • Little known power features in all areas of QuickBooks
Register Now
Essential Training Bundle-On Demand Online course
  • Course ID:
    253478
  • Duration:
    1 day
  • Price:
    $650