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Anatomy of an E-commerce Item in QuickBooks

  • Accountant
  • CPA (CA)
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • MRTP
  • CBA/MCBA
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

If you are a business owner or an accountant in the e-commerce space and using QuickBooks, you might ask yourself:

  • How should I map items in QuickBooks?
  • What are the differences between an assembly, group, and inventory item?
  • How do I add inventory?
  • How do build assembly items?

When you map items incorrectly, you run the risk of:

  • Incorrect inventory oversells, refunds, etc.
  • Not being able to automatically update QuickBooks,
  • Incorrect Cost of Goods Sold (COGs), or
  • Errors in sales tax mapping.
This CPE webinar on Quick books will help you or your client's business to reconcile e-commerce sales into QuickBooks accurately and applies to QuickBooks Online and Desktop editions. 


Learning Objectives

  • To appreciate different types of items in QuickBooks.
  • To analyze how to reconcile inventory between e-commerce and QuickBooks.
  • To discuss what factors can lead to errors in COGS.
  • To analyze how to correct errors in COGS. 

Recommended For

  • This CPE Course is recommended for CPA (US), CIA, IAP, QIAL, MRTP, CPA (CA), CVA, CBA/MCBA, CMA, and other accounting professionals desiring to understand how to reconcile e-commerce sales into QuickBooks accurately.

Who Should Attend?

  • Accountant
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit for Certified Internal Auditors (CIA)
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Internal Audit Practitioner (IAP)
  • 1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 1 CE Credit of Computer technology for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01035-22-O)
  • 1 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CPE Credit for Certified Valuation Analyst (CVA)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Joseph Anderson

Operations Manager, Sync with Connex

Joseph Anderson founded Sync with Connex in 2010 at age 25 with a $20 investment. In his previous employment as a software developer, he noticed that an intern spent hours every day manually entering data into QuickBooks, and his employer was losing money as a result. Joseph founded Sync with Connex to free accounting professionals from manual data entry. Joseph has helped over 5,000 business owners and accounting professionals since 2010 and has turned his $20 investment into $10 million dollars in revenue. Joseph is the author of "The $20 SaaS Company: From Zero to Seven Figures Without Venture Capital" published in 2021. 

About Company

Sync with Connex offers software integration tools to automatically sync your e-commerce sales channel, shipping solution, CRM, and more to QuickBooks Online and Desktop. With advanced duplication prevent features, our automation tool eliminates manual data entry. In addition, our tool presents an accurate report of profit and loss while managing inventory, mapping customer order history, and accurately tracking your business sales and expenses.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.1

57 Ratings

Excellent

19

Very Good

27

Average

9

Poor

1

Terrible

1

GL

Grace Lin, CPA (US)

Apr 15th, 2022

great

GH

Glen Helmbrecht, CPA (US)

Apr 14th, 2022

I don't sell on e-commerce at this time. I may in the future.

PD

Patricia Davies, CPA (US)

Apr 18th, 2022

Very good course

MD

Mark Dugas, CMA

Apr 14th, 2022

While it covered what it said, it felt like a 60 minute commercial

FB

Fran Burazin, CPA (US)

Apr 14th, 2022

Too much of a sales pitch for his product.

Anatomy of an E-commerce Item in QuickBooks

FREE

1 Credit

Subject Area

Accounting

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