This movie describes the QuickBooks tasks you should be comfortable performing before watching this course, including working with accounts and items, recording checks and credit card charges, entering bills, creating invoices, and making general journal entries.
- A big part of setting up a company file in QuickBooks is getting account opening balances in place. It's helpful to be familiar with accounting concepts like debits, and credits. Accounts receivable, accounts payable, and reports like profit and loss, balance sheet, and trial balance. Like the one shown here. In QuickBooks, you should be familiar with basic tasks. You're going to have to to create accounts in your chart of accounts list.
You should also be familiar with creating general journal entries so you can record opening balances. You're going to have to create items in your items list. And you should know how to write checks, enter credit card charges, record bills, and create invoices. If you discover you aren't as familiar with the basics as you should be, you can get up to speed by checking out QuickBooks Essential Training. One last point. This course was developed using the U.S. Edition of QuickBooks.
If you run a non-U.S. edition of QuickBooks you can still use this course. Although your software will differ slightly from what you see here.
- Converting existing data into a QuickBooks format
- Creating a company file from scratch
- Adding accounts and subaccounts
- Setting up customers, vendors, products, and services
- Opening balance information
- Recording account opening balances
- Recording open transactions
- Adjusting sales tax balance and inventory quantity
- Setting up closing data
- Adding users