QuickBooks is one of the most essential tools for CPAs. Whether it is accounting, inventory, tax filing, budgeting, payroll, or any other task, QuickBooks is a full-featured financial and business management tool. With its wide advantages, you, as a CPA, must attend courses to learn QuickBooks in depth.

Imagine getting QuickBooks courses for Free that offer CPE credits to meet your continuing education requirements.

This article lists Free QuickBooks CPE Courses created by expert speakers, available at MY-CPE.

Top Trending Free QuickBooks CPE Courses

Courses

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CPE Credits

QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement

Reconciling in QBO

2

Credit cards in QBO - Seamless Payments from Client

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Quickbooks Online (QBO) Mobile Application for Accountants 

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1. Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement 

Key Points Covered

  • Identifying the role of the chart of accounts

  • Create and edit accounts

  • Equity account recall

  • Recalling Liability

  • Recall Assets and Banks

Summary

QuickBooks' general ledger contains:

  • Liabilities

  • Assets

  • Equity

  • Income

  • Expenses

A QuickBooks Chart of Accounts is organised following accounting principles. In this course, the speaker introduces terms such as Accounts Receivable and Accounts Payable. The course will teach you how to read a Balance Sheet and Profit and Loss report and how to construct a Chart of Accounts appropriate for your business.

The IRS requires you to build a Chart of Accounts so they can generate your Profit and Loss and Balance Sheet reports. Accounts that meet industry standards are required, but you also have the option to create your own accounts if you wish. It is essential to customise your Chart of Accounts before using QuickBooks®. You will also learn the fundamentals of customising your chart of accounts.

2. Reconciling in QBO

Key Points Covered

  • Reconciling - Define

  • How do transactions get into QBO?

  • A Reconciling Method

  • Reconcile the Window tools

  • How to troubleshoot

  • Identifying the difference

  • Incorrect starting balance

  • Completing reconciliations

  • History and reports

  • Repudiate a reconciliation

  • Credit cards for companies

Summary

Reconciliation is the process of confirming the balances of your QuickBooks Online checking account, savings account, credit card, and loan accounts are accurate. It is impossible to maintain accurate reports if you do not reconcile every month. Business owners generally reconcile transactions that appear on their statements, but ignore those that don't.

Even though you use QuickBooks Online banking feed, you can't guarantee that your bank balances are accurate. A wrong Profit and Loss statement, as well as a wrong Balance Sheet, can result from extra or missing transactions!

Rather than reconciling, you're "reconciling," which may result in you paying your taxes incorrectly.

In this CPE QuickBooks webinar, you will learn how to reconcile properly and how to speed up the interface so that you can finish in seconds instead of hours.

By analyzing errors in the Reconciliation window, we will enable you to identify errors in your accounting data. Using this approach, you can identify duplicate entries, misclassified categories, wrongly assigned funding sources, and discrepancies between receipt captures and banking feeds by using the reconciliation process as a troubleshooting tool.

3. Credit cards in QBO - Seamless Payments from Client 

Key Points Covered

  • Chart of Accounts: Adding credit cards

  • Spending for personal and business purposes separately

  • Multi-card management for corporate credit cards

  • Using the credit card bank feed to accept expenses

  • QuickBooks Payments, Square, and PayPal

Summary

Intuit merchant services are integrated with QuickBooks® Payments. Your customers will pay more quickly since anyone can take credit cards! A Credit Card holder can borrow funds to pay bills or purchase items. Accounting software such as QuickBooks Desktop can help you keep track of the charges and payments for your credit cards.

There are several key topics covered in this QuickBooks CPE webinar:

You can accept credit cards for payments from your customers and use credit cards to make purchases.

We offer merchant services such as Square, PayPal, QuickBooks® Payments, and ACH payments.

Learn how to manage a credit card transaction in your accounting software after you swipe it on your smartphone.

You will learn how to manage the balances on your main cards and sub cards of your corporate credit cards.

4. QBO Mobile Application for Accountants 

Key Points Covered

  • iPad QuickBooks Online app

  • Features available only in the app

  • Receipt Capture: Submitting expenses

  • Invoices and estimates with signatures

  • Accepting credit cards using QuickBooks Payments

  • Apps from third parties

Summary

When adopting new technologies, the Accounting and Auditing industry has been behind the curve for years. A limited number of devices are available for use in the office, and most operations are conducted within the office. As technology advances exponentially, companies have few options and must decide whether to adopt new technology or fall behind. 

The power of mobile technology is increasing every day. A laptop or smartphone can now be used to perform accounting operations instead of a desktop in the office. Mobile accounting is becoming increasingly popular among accounting firms as it offers several benefits. The QuickBooks Online (QBO) Mobile Application is a popular app among accountants.

The QBO Mobile App allows you to take payments from your phone, categorize expenses on the fly, and take pictures of receipts, even if you don't have your computer. You can use QuickBooks Online from your car, onsite with a client, or while standing in line. Bookkeeping has never been simpler.

As you provide client services on a smartphone or tablet, QuickBooks® Online is the perfect software.

There are several benefits and features associated with the QBO mobile application:

  • Estimates and invoices can be generated onsite, along with signatures, reducing paperwork.

  • Receipts can be photographed using your camera to eliminate after-the-fact accounting.

  • Employee time cards and schedules are also tracked using third-party apps. 

FAQs

What types of QuickBooks CPE courses are offered by MY-CPE?

MY-CPE’s 2024 offerings include various QuickBooks CPE courses covering advanced accounting features, payroll management, and tax reporting within QuickBooks.

Are all QuickBooks CPE courses free for CPAs at MY-CPE?

Only a few QuickBooks CPE courses are free for CPAs, allowing professionals to enhance their skills without financial burden.

How can CPAs access and enroll in the free QuickBooks CPE courses offered in 2024?

CPAs can easily access and enroll in our free QuickBooks CPE courses for 2024 by visiting our website and registering for the desired courses. Once registered, they will receive instructions on how to access the course materials and complete the CPE credit requirements.

Imtiaz Munshi, CPA
Imtiaz Munshi, CPA
CFO, AZSTEC LLC

The author Imtiaz Munshi is a Certified Public Accountant and CFO at Azstec, LLC. He is Business Strategist, Tax Planner, Entrepreneur and Advisor to "HNEs" (High Net Worth Entrepreneurs).

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