QuickBooks for Intermediate Users 

This is a two-night course designed to help users who have some QuickBooks experience to gain further insight into several areas of the software, including how to:  Create a new QB company file or adjust an existing company file; setup fixed assets and track long term liabilities; adjust inventory; setup payroll; record typical journal entries and perform year-end closing functions.  The instructor will utilize the PC Windows Desktop Version, Accountant Edition, of the software to demonstrate these concepts, where students can follow along with their own laptops.  (Please note- there are a limited number of loaner laptops available for those students who use do not have the PC Windows Desktop Version of QuickBooks on a portable device. Please inquire when registering).

Students may also pose general questions about the software for the instructor and fellow students to discuss.  This is an excellent opportunity for students to benefit from networking with other small businesses and learn how to become better acquainted with an existing QuickBooks installation.  

Class One (1/8/18):

Company File Setup and Maintenance

• Choose a Start Date

• Creating a Company File in QuickBooks

• Fine Tuning the Chart of Accounts

• Setting up other QB lists

• Defining Accounting Opening Balances

• Enter Open Transactions

• Enter Year-to-Date Income and Expenses

• Adjusting the Opening Balance for Sales Tax Payable

• Adjusting Inventory

• Setting Up Fixed Assets

• Tracking Loans for Fixed Assets

• Setting up Payroll and Year-to-date Payroll Information

• Verifying your trial balance

• Closing Opening Balance Equity

• Setting the Closing Date

• Creating Additional Users

Class Two (1/10/18):

Adjustments and Year-End Procedures

• Recording General Journal Entries

• Edit, void, and delete transactions

• Memorize transactions (to be automatically entered)

• Closing the books

• Profit and Loss Statement/Balance Sheet

  • Drill-down to transaction detail

If Time Permits:

Bank Reconciliation & Transactions

• Reconciling Bank Accounts

• Resolving errors during reconciliation

• Transferring Money Between Accounts

• Handling Bounced Checks

• Bank Feeds

Customizing QuickBooks

• Introduction to QuickBooks Preferences

• Customize QuickBooks Menus and Windows

• QuickBooks Items

• Other QuickBooks Lists

• Use Custom Fields to Track Extra Data on Transactions

• Customize form templates