“Unleash
the power of QuickBooks”
Setup/Clean-up Chart of Accounts
| Company Setup |
Understanding Account Types |
| Preferences: General & Accounting |
Using account numbers & sub accounts |
| Four Crucial Building Blocks |
Reports: Reap the Rewards |
“Mastering QuickBooks
Reports, Become a Report Wizard, Right Now!”
Use the tools; Managing your business
| Creating custom invoices and other forms; Logo’s
& Custom Fields |
Saving reports and creating memorized report groups |
| Adding, deleting, resizing, reordering columns |
Printing letters & mailing labels |
| Filtering and formatting reports |
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“Zooming through
QuickBooks using shortcuts and timesavers”
Training: "Everyday
Transactions"
| Your views and preferences |
Bills, payments, checks, credit memos, and reconciling
accounts |
| Selling: Estimates, invoices, payments, deposits, sales receipts,
and summaries |
Banking Tasks |
| Purchase orders, receiving items and bills |
Credit Cards |
“What your accounting
software is trying to tell you”
Reports & Graphs help you understand your business
| Billable costs, time and mileage |
Net Profit Margin |
| Exporting to Excel |
Analyze Financial Strength |
| Tailoring company preferences |
Quick insight graphs |
| Using multi-user and password protection |
Control your cash flow; purchasing reports |
| Debt to Equity Ratio |
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“How to tune-up
and clean-up using QuickBooks”
Review/Setting up Lists: Item, Customer and Vendor
| Lists – What are they? |
Item Types and Groups |
| Primary & Secondary Lists |
Customers vs Jobs |
| Setup, Cleanup, & Sort Lists |
Customize! |
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”Accurate Financial
Statements are just a click away…
when you know what to click!”
All the accounting you need to know
| Measuring your business profitability |
Cash vs Accrual accounting |
| Balance Sheet |
Using general journal entries |
| Profit & Loss Statements |
Using classes |
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“Tricky
Transactions, where do they go? They’re easy with QuickBooks”
Training:
Unusual Transactions
| Applying credit memos; customer and vendor |
Adjusting Inventory |
| Refunds: giving and receiving |
Voiding vs deleting checks |
| Trading Accounts |
Writing off bad debts |
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“Forecasting,
Budgeting, and Cash Flows…See what lies ahead and measure
your success”
Setting up budgets and forecasts
| Create/Edit budgets |
Copy from prior year |
| Budgets vs Actual reports |
Statement of Cash Flows |
| Create/Edit Forecasts |
Cash Flow Projector |
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“Get up to speed
with QuickBooks…FAST!”
Data Entry
| Information you’ll need |
Beginning Balances - Methods |
| Determining the Start Date |
Historical transactions: Start Date to Now |
| On-Screen Help, “How do I…” |
Oops, I set up the wrong stuff! |
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“Learn how to
track the profits…not just the sales!”
Advanced Reporting Features
| Best Sellers! Quantity or Gross Profit? |
Building inventory assemblies |
| Best customers |
Billable Costs, Time & Mileage |
| Advanced use of Classes/Customer, Job Types |
Using price levels |
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“Tricks of the
trade…with QuickBooks”
Training:
More Unusual Transactions
| Billing with Customer Statements |
Entering customer down-payments and deposits |
| Using memorized transactions |
Vendors pre-payments and overpayments |
| Common “receipt” mistakes |
Handling bounced checks |
| Handling petty cash |
Un-reconcile bank accounts |
“The Tax Man
Cometh!”
Employees, Payroll and Tax forms
| Tax lines in COA (Report) |
Sales Taxes: setting up, adjusting, paying, reporting |
| Year end procedures |
1099’s |
| Closing the books |
Preparing tax forms |
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