QuickBooks Online is an inexpensive and widely used bookkeeping program designed for entrepreneurs and small business owners to use themselves. Setting up your company file correctly is very important for record keeping, reconciliation, and creating financial statements, like Profit and Loss or Income Statements. Whether you plan to use QuickBooks Online yourself, have an in-house bookkeeper, or hire a professional accountant or CPA, knowing how to setup your file and get started using QuickBooks Online yourself is critical.
Why Should You Attend:
Learn how your business should setup your QuickBooks Online company file and be able to complete your monthly bookkeeping cycle with this single webinar. This course will walk you through choosing a Chart of Accounts, connecting Bank accounts, entering transactions, and creating Invoices. You will be able to reconcile your monthly bank statements, add/customize accounts, and navigate all the key areas of QuickBooks Online after attending this webinar. Understand The critical elements of how QuickBooks Online works and common mistakes to avoid. If you have already started your QuickBooks Online file, this webinar will show you how to correct and update entries and fix reconciliation errors. The Webinar will take you step by step through the setup wizard, creating new accounts and customer, reconciliation, and generating your first Profit and Loss statement.Learning Objectives:
Learn how your company’s tax structure will affect your QuickBooks Online file. Learn how to manage Accounts Payable and Accounts Receivable. Review monthly reconciliation procedures and best practices for ease of generating basic reports like Profit and Loss Statements, Income Statements, Balance Sheet, and End of Year financial reports for your tax accountant.Areas Covered in the Webinar:
- Setting up a new QuickBooks Online company file
- Review of different company tax structures, how it
- affects your bookkeeping, and what choices to
- make during setup
- Connect Bank accounts, import and enter
- transactions/deposits
- Learn how to navigate QuickBooks Online
- Create and customize your Chart of Accounts
- Setup Customer accounts, including pre-existing
- balances
- Create Invoices, Payments, and Sales Receipts
- Add Vendors, including balances due
- Enter Items and Services
- Discussion of classifying transactions
Who Will Benefit:
- Accountants
- Bookkeepers
- Small Business Owners
- Entreprenuers, Sole Proprietors, Self-Employed Professionals
- Non-Profit Organizations
- Grant Managers and Fund Directors
- Budget Managers
Speaker
Vidia RamdeenCourse Provider
Vidia Ramdeen,
