QBO Complete Comprehensive Overview - Latest

4.7 (15)

Alicia Pollock, QB Pro Advisor

Royalwise Solutions

Tuesday, February 09, 2021 | 10:00 AM EST

  • CPA Canada
  • CITP
  • CMA
  • CPA
  • Tax Pros
  • CFE

8 CPE | 8 CPD

$80

Subject Area

Accounting

Webinar Qualifies For

8 CPE credit of Accounting for all CPAs

8 CPE credit of External Financial Reporting Decisions for CMAs

8 CPD credit (Verifiable) for Canadian CPAs

8 CPD credit (Verifiable) of Data Analysis & Reporting Techniques for all CITP(AICPA)

8 CE credit of Computer Technology for Maryland Tax Preparers

8 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Additional Dates

Mar 09, 2021 | 10:00 AM EST Register
Mar 16, 2021 | 10:00 AM EST Register

Course Description

Session 1- QBO: BUILD RIGHT CHART OF ACCOUNTS - BASE FOR ACCOUNTING AND READING FINANCIAL STATEMENT

The QuickBooks Chart of Accounts structures your business according to accounting principles. Your general ledger includes assets, liabilities, equity, income, and expenses. Take this class to learn bookkeeping terms like Accounts Receivable and Accounts Payable. By the end of this course, you’ll know how to read a Balance Sheet and a Profit and Loss report, as well as how to structure your Chart of Accounts so it supports your unique business workflow

Your Chart of Accounts is the backbone of your business. It has two functions: outlining what the IRS wants to see for taxes and allowing you to generate your P&L and Balance Sheet reports. There are industry-standard accounts you need, but you also have the flexibility to create accounts that reflect your unique circumstances. It’s impossible to start using QuickBooks® without customizing your Chart of Accounts. This class will explain the fundamentals.

Highlights of the webinar : 

  • What is a Chart of Accounts (COA)?
  • How the COA maps to report?
  • Modifying the COA
  • Chart of Accounts vs. Products and Services

Recommended for : 

  • Business owners and employees who want to understand the “business behind the business"
  • Students and job-seekers will boost their employment marketability
  • Entrepreneurs and new business owners who are just getting started, and want to make sure they have solid business knowledge so that they can succeed
  • Bookkeepers and Accountants who wish to brush up on their skills.

Session 2- QBO: BANKING FEED AND RECONCILING - MAKE RULES & AUTOMATE

Eliminate manual data entry!

One of the best features in QuickBooks®Online is the ability to connect your bank accounts and credit cards. The Banking Feed allows you to pull in your transactions and classify them automatically, instead of entering everything in by hand. Automation features like Rules do some work for you. The new Receipt Capture will even scan your paper receipts and attach them to your expenses. But the banking feed has some interesting quirks you need to know about. If you use it right, you can reduce your data entry to almost nothing but if you use it wrong, you double your income and code your expenses wrong.

Highlights of the webinar :

  • How to add bank accounts
  • How to import transactions
  • How to categorize expenses
  • How to attach receipts
  • How to do bank reconciliations. 

Once you’re up to date, we’ll also show you how to do bank reconciliations to reconcile your accounts at the end of the month so that you can have confidence in your reports.

Session 3- CREDIT CARDS IN QBO - SEAMLESS PAYMENTS FROM CLIENT

QuickBooks® Payments is Intuit merchant services, integrated into your QuickBooks. These days, anyone can take credit cards; your customers will pay more quickly! A Credit Card gives the holder an option to borrow funds for purchases or for paying bills. You can set up your credit card account in QuickBooks Desktop to help you keep track of the charges and the payments made for the expense.

Highlights of the webinar :

  • Taking credit cards for your customer payments and using credit cards for your own purchases.
  • Merchant services options including Square, PayPal, QuickBooks®Payments, and ACH payment processing. 
  • Swiping a credit card on a smartphone, then learn how to manage the transaction in your accounting software.
  • Nuances of managing your own corporate credit card balances with main cards and sub cards.

Recommended for : 

  • Anyone who uses credit cards to pay for business expenses
  • Anyone who would like to be able to accept credit cards for customer payments
  • Bookkeepers and Accountants who wish to brush up on their skills.

Session 4- QBO Mobile App - Paperless, Convenient & Easy to Use

Use the QuickBooks Online Mobile App when you don’t have your computer with you. Take payments from customers, categorize expenses, take pictures of receipts.

Use QuickBooks Online from your car, onsite with a client, or while waiting in line. The QBO Mobile App connects to your QuickBooks Online account, even if you don’t have your computer with you. Take payments from customers right from your phone. Categorize expenses on the fly. Take pictures of receipts. Bookkeeping has never been so easy and fun.

QuickBooks®Online is the perfect software to use on a smartphone or tablet while you’re providing services to clients. The Mobile App has features the website doesn’t! Reduce paperwork by creating Estimates and Invoices onsite, with signatures. Eliminate after-the-fact accounting by using your camera to take pictures of receipts. Use third-party apps to keep track of employee timecards and schedules. In this hands-on workshop, we’ll demonstrate the specific workflow steps you’ll use to do your bookkeeping while in the field with your customers. The more you can do on the fly, the less you have to do in the office!


Session 5- PRACTICAL QB TRAINING - YEAR END CLOSING, ANALYSIS, BEING TAX/AUDIT READY

Tax time approaches! It’s the end of your fiscal year. You know you should be doing things to get your books in shape and even get ready for your books to be audited. But you’re not exactly sure what those things are. Sound familiar? Help is here for you!

We’ll show you the 10 steps you need to do to get your books ready for your accountant to do your taxes. Not only will you close your books, but we’ll show you how to analyze your business to help it grow next year. These 10 steps will help you to understand : 

  • Who are your best customers?
  • What are your best sellers?
  • Who owes you money, and who do you owe?
  • Customizing your reports and memorize your favorites for future use.

Recommended for Business owners, employees hoping to gain deeper insight into the health of the business & to Bookkeepers, Accountants who wish to brush up on their skills.

Learning Objectives

  • To identify ways of Creating new accounts and editing existing accounts.
  • To recognize the function of the Chart of Accounts.
  • To identify the classification of transactions through the Bank Feed to save time on manual data entry.
  • To recognize which transactions you should NOT import automatically.
  • To recall how to manage corporate credit card accounts with multiple cards for employees.

Who Should Attend?

  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Young CPA
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Accounting Practice Owners
  • Senior Accountant
  • VP Accounts
  • Accounts Director
  • Cloud Accountants
  • Chief Accounting Officer
  • Accounting Managers
  • Defense Contract Audit Agency(DCAA)
  • Staff of Accounting Firm

Testimonial

4.7

(15)
73%
20%
7%
0%
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RM

This was one of the most amazing courses I have taken. I have been using Quickbooks desktop for over 20 years and Quickbooks online for at least 10 and my mantra is I hate QB Online. With what I learned here I have changed that mantra! I will be looking up this young man to see what else he can teach me.

MB

A very detailed webinar covering more than what I bargained for. The presentation and pace was perfect. Overall, an enjoyable webinar wherein I gained a lot of knowledge. Thanks myCPE.

LP

Excellent presentation material and rich content made my day. I enjoyed my learning on myCPE. It was very engaging. I will use myCPE platform for earning CE credits. I will also recommend it to my colleagues.

AB

Nice Webinar.

JB

Pace and information were spot on. It was a great presentation. I will recommend myCPE for great webinars like this one.

JO

I found Alicia on YouTube a few months back and was excited to see he was the speaker for this webinar. She always has great insight on how to use QBO effectively and great tips to teach you how to be a power user. I hope he gets to have a part 2 so she gives us more QBO tips and tricks.