The Chart of Accounts is the complete list of all the company’s accounts and balances. In QuickBooks Online, it represents and organizes the company's assets, liabilities, income, and expenses.
Your Chart of Accounts (COA) is the backbone of your business and the foundation of your QuickBooks file. It has two functions: outlining what the IRS wants to see for taxes and generating your P&L and Balance Sheet reports to understand and analyze your business.
This CPE Course will start with the fundamental accounting equation: Assets = Liabilities + Equity. You’ll learn bookkeeping terms during the conversation, including assets, liabilities, equity, income, and expenses. Then, we’ll make your COA your own! Using QuickBooks without customizing QBO’s default Chart of Accounts is impossible. We’ll discuss industry-standard accounts, create additional categories that reflect your unique operations, and inactivate accounts that aren’t relevant to you.
Key topics covered:
Join this CPE Course and learn how to set up your QuickBooks Chart of Accounts according to accounting principles: bookkeeping terms, general ledger, Balance Sheet, and P&L statements.
Intuit Trainer/Writer Network, Elite-level QuickBooks ProAdvisor, Royalwise Solutions
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
SH
I am so glad I listened to the webinar. I am familiar with a chart of accounts. But this program gave some very useful tips.
DC
Probably an inappropriate aside ... I told my spouse, "If you see my head on the desk, I'm probably asleep (I absolutely love bookkeeping/accounting - but the delivery can be mind numbing), so just wake me. 10 minutes into Alicia and my head nodding affirmations and giggles, the question was asked, "Can I listen in, I know you love accounting?"
DR
I thoroughly enjoyed this seminar and especially the pratical walkthru development of the GL. I currently work in a NFP within the SAGE 300 GL and plan on contacting Patricia to explore an alternative. My contact info . is also 438-992-7467 if you would like to contact me. Thx Des
RC
The instructor did a fantastic job with teaching the course. She was very clear and easy to follow. I'll take a class that she teaches again.
CD
This seminar was very informational and easy to follow. I appreciated the notes as well as the examples given, they really helped out.
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