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Course Details

Overview of Topics

  • Assets Categories in QuickBooks Online Chart of Accounts

    18 mins
  • Liabilities Categories in QuickBooks Online Chart of Accounts

    30 mins
  • Equity in QuickBooks Online Chart of Accounts

    38 mins
  • Income Categories in QuickBooks Online Chart of Accounts

    44 mins
  • Cost Of Goods Categories in QuickBooks Online Chart of Accounts

    51 mins
  • How the Chart of Accounts maps to reports?

    59 mins
  • Modifying the Chart of Accounts

    89 mins

Course Description

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 reports ?
  • 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.

Webinar Qualifies for

  • 2.5 CPE credit of Accounting for all CPAs
  • 2.5 CPD credit (Verifiable) for Canadian CPAs
  • 2.5 General Educational credit for Tax Professionals/Bookkeepers/Accountants

Learning objectives

  • To identify the function of the Chart of Accounts
  • To identify ways of Creating new accounts and editing existing accounts
  • To recall Equity accounts
  • To recall Liability accounts
  • To recall Asset & Bank accounts

About Presenter

A natural teacher, Alicia earned her Master of Arts in Teaching, but instead of turning to the public schools, she developed computer curricula. She blends the skills of technology, the art of communication, the patience of a trainer, the wisdom of a business consultant, and the detailed eye of an obsessive-compulsive to bring you the finest in business solutions.


Founded by Jamie Pollock and Alicia Katz Pollock, Royalwise is an Apple, Microsoft, and Intuit-certified computer training and support company. We are certified to train and support all Apple products, Microsoft Office, QuickBooks on any platform. As a member of the Apple Consultants Network, we are certified by Apple to support all desktop machines running OS X and mobile devices running iOS. We have vast experience with iPads and iPhones, and how to configure and utilize iCloud to sync your data seamlessly.

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:30
  • Question 3 : 00:45
  • Question 4 : 01:00
  • Question 5 : 01:15
  • Question 6 : 01:30
  • Question 7 : 01:45
  • Question 8 : 02:00
  1. The accounts that show up on a Balance Sheet include:
  2. You can edit an existing account by_____.
  3. Meals and Entertainment includes:
  4. Undeposited funds___________.
  5. Your Expense accounts should be set up:
  6. Cost of Goods Sold includes:
  7. Which of the following is the method to delete an account in QBO?
  8. If you have two accounts that have the same type of transactions, but you used two different names, or if you no longer want the same itemized level of detail, you can __________ them.
  1. Income accounts should include:
  2. • Uncategorized Income is used by QuickBooks for:
  3. Opening Balance Equity______.
  4. The best place to find Charts in the Report Center is in the:
  5. When you delete an account:
  6. If you use Account Numbers:
  7. The __________________lays out your income and costs, showing you how much profit (or loss) you made.
  8. How to see the transaction in a balance sheet account by using the register?
  9. What is included in Assets?
  10. Which button will reduce data entry errors and choose the actual type of transaction in QuickBooks?
  11. Which one of the following can be set up as general “bucket” categories from chart of accounts in QuickBooks online?
  12. Where do you keep your money?
  13. Value in your company that fluctuates, like inventory is known as:

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.3
(7)
71%
14%
0%
0%
14%
  • LF
    Lindsay Folkert , CPA
    Sep 28th 2020
    This was an webinar that covered all of the relevant and important factors to consider if making recomemndations regarding which version of Quick Books to use to your clients, deciding for yourself, or your own accounting firm.
TN
Tony Navarro , EA
Such great webinar is a great learning experience that helps decipher the capabilities of both Desktop and online QuicBooks versions and how they can be for a great help to serve clients and streamline the work of accounting professionals.
AT
Alec Taylor
This was a good presentation on automating processes. This is something we should all do on a regular basis, but we get resistance from others or so used to the current process that we fail to improve our work product. Great food for thought and, hopefully, change!
BP
Brian Price , EA
Wow ! this webinar was the best for my learning of Quickbooks online. Alicia is knowledgeable that I could understand in details. Gonna take the test and hopefully I will be one of the online member soon. Thank you Alicia !
BW
Brenda Williams , AFSP
Alicia was a super-effective presenter and exhibited not only her knowledge of QBO but her true desire to share her knowledge...the mark of a true teacher. I look forward for more opportunities to learn from her.
BT
Bruno Tucci , CMA, CPA
The instructor was great! So far, it has been the most informative session I have attended. I just wish video copies of webinars were available later for view or live webinars have later times available,like after 5 p.m. I work and have to listed to webinars while I am working. I miss a lot due to also having to concentrate on my job tasks. I am sure many attendees are in the same situation

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.

On-Demand Webinars

GOING CONCERN - IMPLICATION IN ACCOUNTING,DISCLOSURE & REPORTING
Thursday, December 03, 2020 View Details/Register
REGULATORY ETHICS GUIDEBOOK FOR CPAS: AICPA CODE OF PROFESSIONAL CONDUCT
Wednesday, December 02, 2020 View Details/Register
BUSINESS TAX UPDATE 2020
Wednesday, December 02, 2020 View Details/Register
NONATTEST SERVICES – WHAT ARE THEY AND WHY DO THEY MATTER
Wednesday, December 02, 2020 View Details/Register
IRC 199A: 2 YEARS IN – KEY OVERLOOKED PLANNING INITIATIVES
Wednesday, November 11, 2020 View Details/Register
PASSIVE LOSS ISSUES WITH SCHEDULE K-1S
Wednesday, November 11, 2020 View Details/Register
IRS TAX PRACTICE & PROCEDURE INTRODUCTION
Friday, November 06, 2020 View Details/Register
BEST TAX RETURN WORKSHOP ON Partnerships & LLCs (FORM 1065) - 2020 UPDATES
Friday, November 06, 2020 View Details/Register
ITEMIZED DEDUCTION UPDATES - WITH EXAMPLES & CASE STUDIES
Thursday, November 05, 2020 View Details/Register
COVER YOUR ASSETS: FRAUD AND INTERNAL CONTROLS
Monday, November 02, 2020 View Details/Register
Excel Accountant: CREATING ERROR-FREE EXCEL SPREADSHEETS
Monday, November 02, 2020 View Details/Register
HOW TO ANALYZE YOUR CLIENT’S TAX SITUATION
Monday, November 02, 2020 View Details/Register
BEST TAX RETURN WORKSHOP ON S CORPORATION (1120S) - 2020 Updates
Friday, October 30, 2020 View Details/Register
IRS PENALTIES, ABATEMENTS, AND REASONABLE CAUSE
Wednesday, October 28, 2020 View Details/Register
YELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE
Wednesday, October 28, 2020 View Details/Register
  • Cost $25
  • CPE Credits 2.5
  • CPD Credits 2.5
  • Subject Area Accounting
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Published Date September 10 ,2020
  • Who should attend? Bookkeeper Accountant QB Pro Advisor CPA - Mid Size Firm Accounting Firm CPA (Industry) Young CPA CPA in Business Tax Accountant (Industry) Accounting Practice Owners Senior Accountant Accounts Director Cloud Accountants Entrepreneurial Accountant Accounting Managers Staff of Accounting Firm
  • Handout Material Download Download
  • Key Terms Download

On-Demand Webinars

GOING CONCERN - IMPLICATION IN ACCOUNTING,DISCLOSURE & REPORTING
Thursday, December 03, 2020 View Details/Register
REGULATORY ETHICS GUIDEBOOK FOR CPAS: AICPA CODE OF PROFESSIONAL CONDUCT
Wednesday, December 02, 2020 View Details/Register
BUSINESS TAX UPDATE 2020
Wednesday, December 02, 2020 View Details/Register
NONATTEST SERVICES – WHAT ARE THEY AND WHY DO THEY MATTER
Wednesday, December 02, 2020 View Details/Register
IRC 199A: 2 YEARS IN – KEY OVERLOOKED PLANNING INITIATIVES
Wednesday, November 11, 2020 View Details/Register
PASSIVE LOSS ISSUES WITH SCHEDULE K-1S
Wednesday, November 11, 2020 View Details/Register
IRS TAX PRACTICE & PROCEDURE INTRODUCTION
Friday, November 06, 2020 View Details/Register
BEST TAX RETURN WORKSHOP ON Partnerships & LLCs (FORM 1065) - 2020 UPDATES
Friday, November 06, 2020 View Details/Register
ITEMIZED DEDUCTION UPDATES - WITH EXAMPLES & CASE STUDIES
Thursday, November 05, 2020 View Details/Register
COVER YOUR ASSETS: FRAUD AND INTERNAL CONTROLS
Monday, November 02, 2020 View Details/Register
Excel Accountant: CREATING ERROR-FREE EXCEL SPREADSHEETS
Monday, November 02, 2020 View Details/Register
HOW TO ANALYZE YOUR CLIENT’S TAX SITUATION
Monday, November 02, 2020 View Details/Register
BEST TAX RETURN WORKSHOP ON S CORPORATION (1120S) - 2020 Updates
Friday, October 30, 2020 View Details/Register
IRS PENALTIES, ABATEMENTS, AND REASONABLE CAUSE
Wednesday, October 28, 2020 View Details/Register
YELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE
Wednesday, October 28, 2020 View Details/Register