Join Bonnie Biafore for an in-depth discussion in this video What you need to know, part of QuickBooks: Advanced Bookkeeping Techniques.
- Because this course digs deeper into QuickBooks techniques, you should already have the basics covered. Here are the tasks you should be comfortable with, before you dig into advanced bookkeeping techniques. As you know, QuickBooks has tons of preferences to make the program work the way you want. You should be comfortable with getting to "Preferences", choosing the category that you want, changing preferences for your own session, and the ones that apply companywide. You should also be familiar with turning on features, like "Classes".
Some of the topics in this course require additional items, to make everything work. So you should be able to get to the "Item List", and create new items, and subitems. You should also be able to fill out the different fields, for all the different types of items. Oh yeah, and you should also be able to work with customers and jobs. You should be able to open the Customer Center, and create new customers and jobs.
We're also gonna troubleshoot transactions that weren't recorded correctly. Make sure you're familiar with recording basic transactions, like entering bills, or bill payments, invoices, checks, and credit card charges. You also need to be familiar with setting up inventory items, and recording inventory transactions, like inventory adjustments. If you start a movie, and realize you aren't as familiar with the basics as you should be, check out QuickBooks 2010, 2012, or 2014 Essential Training to get up to speed.
- Examining profit and overhead
- Categorizing customers, jobs, and vendors
- Recording customer prepayments, credits, and refunds
- Selling consignment goods
- Handling vendor deposits, credits, and refunds
- Converting checks into bill payments
- Handling bounced checks
- Troubleshooting bank reconciliations