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

4.5 (154)

Alicia Pollock, QB Pro Advisor

Royalwise Solutions

Tuesday, November 24, 2020 | 11:00 AM EST

  • CPA
  • TAX PROS
  • CITP
  • CMA
  • CGMA
  • PCP
  • CPA(Canada)

Credits: 2.5 CPE | 2.5 CPD

$20

Subject Area

Accounting

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

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Additional Dates

Feb 01, 2021 | 09:00 AM EST Register

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.

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

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

Testimonial

4.5

(154)
61%
31%
6%
0%
2%

TN

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

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

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

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.

KA

Alicia Katz Pollock is a fantastic teacher: Very upbeat, knowledgeable and forward-thinking. I would highly recommend that everyone take her course.

BT

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