QUICKBOOKS FOR DESKTOP PC EXPLORING THE INTERFACE

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QUICKBOOKS FOR DESKTOP PC EXPLORING THE INTERFACE - FOR BEGINNERS

4.2 (5)

Presenter :Alicia Pollock, QB Pro Advisor

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Course Details

Overview of Topics

Why is Bookkeeping Important?
2 mins
The Pareto Principle: The 80/20 Rule
6 mins
Entering Historical Transaction
25 mins
Setting up Bank feed from Bank feed Center
75 mins
Navigating Customer Information from Customer Center
99 mins
Entering Invoice Details in QuickBooks
123 mins
How to print checks in QuickBooks
148 mins

Course Description

QuickBooks is accounting software that offers several versions designed to fit the needs of most small or medium-sized businesses. All versions of QuickBooks offer tools for routine accounting that simplify tracking income and expenses; more advanced versions provide features for managing contractors, setting prices or tracking inventory. This QuickBooks webinar for beginners teaches small business owners and bookkeepers to use QuickBooks Desktop on a PC including setup, daily data entry, reports and other processes.

This webinar would cover :

Choosing the right version of QuickBooks for your needs, and how to set it up.
Overview of different QuickBooks’ features
Accessing different reports within QuickBooks.
Track your daily sales income and all your expenses.
Generating instant Profit and Loss report and Balance Sheet for taxes.

Webinar Qualifies for

3.5 CPE credit of Computer Software & Applications for all CPAs
3.5 CPD credit (Verifiable) for Canadian CPAs
3 CE credit of Computer Technology for Maryland Tax Preparers
3.5 General Educational credit for Tax Professionals/Bookkeepers/Accountants

Learning objectives

To recognize the importance of good record keeping
To identify when do you need a bookkeeper and when can you do it yourself?
To recognize the common bookkeeping mistakes business owners make
To identify ways of Setting up QuickBooks
To recall the QuickBooks Preferences

About Presenter

Alicia Pollock, QB Pro Advisor

Advisor,Royalwise Solutions

alicia@royalwise.com

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.

Royalwise Solutions

royalwise.com/

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
Question 9 : 02:15
Question 10 : 02:30
Question 11 : 02:45

Review Questions
Final Quiz

What should be hired out when a task occurs on a regular basis in QuickBooks?
- Payroll
  Payroll, Sales Tax Report, and Bookkeeping should be hired out when a task occurs on a regular basis in QuickBooks.
- Sales Tax Reports
  Payroll, Sales Tax Report, and Bookkeeping should be hired out when a task occurs on a regular basis in QuickBooks.
- Bookkeeping
  Payroll, Sales Tax Report, and Bookkeeping should be hired out when a task occurs on a regular basis in QuickBooks
- All of the above
  Payroll, Sales Tax Report, and Bookkeeping should be hired out when a task occurs on a regular basis in QuickBooks.
Which one of the following is a task occurs only one time and should be contracted out in QuickBooks?
- Payroll
  Setting up a computer is a task that occurs only one time and should be contracted out in QuickBooks.
- Setting up a computer
  Setting up a computer is a task that occurs only one time and should be contracted out in QuickBooks.
- Bookkeeping
  Setting up a computer is a task that occurs only one time and should be contracted out in QuickBooks.
- Sales tax reports
  Setting up a computer is a task that occurs only one time and should be contracted out in QuickBooks.
The 80/20 rule, also known as the “_____________”, is a universal truth in all businesses.
- Pareto Principle
  The 80/20 rule, also known as the “Pareto Principle”, is a universal truth in all businesses.
- Parent Principle
  The 80/20 rule, also known as the “Pareto Principle”, is a universal truth in all businesses.
- Pareto Principal
  The 80/20 rule, also known as the “Pareto Principle”, is a universal truth in all businesses.
- Pareto Principal
  The 80/20 rule, also known as the “Pareto Principle”, is a universal truth in all businesses.
Which is the most important law of business?
- The 20/80 Principle
  Alternative Navigation Views, Company Templates, and Import Word Invoices are part of QuickBooks Labs.
- Patero Principle
  Alternative Navigation Views, Company Templates, and Import Word Invoices are part of QuickBooks Labs.
- The 20/80 rule
  Alternative Navigation Views, Company Templates, and Import Word Invoices are part of QuickBooks Labs.
- Pareto Principle
  Alternative Navigation Views, Company Templates, and Import Word Invoices are part of QuickBooks Labs.
Which of the following is key reports that should be reviewed in QuickBooks?
- A daily / Monthly/ ytd profit and loss & Balance sheet / Cash on hand
  A daily / Monthly/ ytd profit and loss, Balance sheet / Cash on hand, sales reports by product or customer and Accounts receivable, and account payable are the key reports that should be reviewed in QuickBooks.
- Sales reports by product or customer
  A daily / Monthly/ ytd profit and loss, Balance sheet / Cash on hand, sales reports by product or customer and Accounts receivable, and account payable are the key reports that should be reviewed in QuickBooks.
- All of A, B, and D.
  A daily / Monthly/ ytd profit and loss, Balance sheet / Cash on hand, sales reports by product or customer and Accounts receivable, and account payable are the key reports that should be reviewed in QuickBooks.
- Accounts Receivable & Account Payable
  A daily / Monthly/ ytd profit and loss, Balance sheet / Cash on hand, sales reports by product or customer and Accounts receivable, and account payable are the key reports that should be reviewed in QuickBooks.
The _____________ selected has an impact on the accuracy and amount of detail in your QuickBooks® reports. The _______________ also signifies how much data you will have to enter.
- START DATE , START DATE
  The START DATE selected has an impact on the accuracy and amount of detail in your QuickBooks® reports. The START DATE also signifies how much data you will have to enter.
- START DATE , END DATE
  The START DATE selected has an impact on the accuracy and amount of detail in your QuickBooks® reports. The START DATE also signifies how much data you will have to enter.
- END DATE , START DATE
  The START DATE selected has an impact on the accuracy and amount of detail in your QuickBooks® reports. The START DATE also signifies how much data you will have to enter.
- END DATE , END DATE
  The START DATE selected has an impact on the accuracy and amount of detail in your QuickBooks® reports. The START DATE also signifies how much data you will have to enter.
Which one of the following is needed to prepare company data in QuickBooks?
- Company Info
  Company information, Sales tax due, vendor and customer balances, Bank account balances, chart of accounts, payroll tax information, inventory items, and Income tax form used are needed to prepare company data in QuickBooks.
- Vendor & Customer Balances
  Company information, Sales tax due, vendor and customer balances, Bank account balances, chart of accounts, payroll tax information, inventory items, and Income tax form used are needed to prepare company data in QuickBooks.
- Sales Tax Due
  Company information, Sales tax due, vendor and customer balances, Bank account balances, chart of accounts, payroll tax information, inventory items, and Income tax form used are needed to prepare company data in QuickBooks.
- All of the above
  Company information, Sales tax due, vendor and customer balances, Bank account balances, chart of accounts, payroll tax information, inventory items, and Income tax form used are needed to prepare company data in QuickBooks.
Company information, Sales tax due, vendor and customer balances, Bank account balances, chart of accounts, payroll tax information, inventory items, and Income tax form used are needed to prepare company data in QuickBooks.
- To enter detailed historical information
  There are 2 ways through which you can enter historical information in QuickBooks i.e., to enter detailed historical information and to enter a summary.
- To enter a summary
  There are 2 ways through which you can enter historical information in QuickBooks i.e., to enter detailed historical information and to enter a summary.
- Both A and B
  There are 2 ways through which you can enter historical information in QuickBooks i.e., to enter detailed historical information and to enter a summary.
- None of the above
  There are 2 ways through which you can enter historical information in QuickBooks i.e., to enter detailed historical information and to enter a summary.
Which one of the following way your bank sends you statements at the end of every month?
- Snail Mail
  At the end of every month, your bank sends you statements, either through snail mail or electronically.
- Electronically
  At the end of every month, your bank sends you statements, either through snail mail or electronically.
- Either A or B
  At the end of every month, your bank sends you statements, either through snail mail or electronically.
- None of the above
  At the end of every month, your bank sends you statements, either through snail mail or electronically.
_________________are objects built from your Inventory parts that you want to track, report on, and resell as single units.
- Inventory Assembly
  ASSEMBLY ITEMS are objects built from your Inventory parts that you want to track, report on, and resell as single units. (For example, custom doors with the hinges, handles, and locksets attached.).
- Non – Inventory Part
  ASSEMBLY ITEMS are objects built from your Inventory parts that you want to track, report on, and resell as single units. (For example, custom doors with the hinges, handles, and locksets attached.).
- Assembly Items
  ASSEMBLY ITEMS are objects built from your Inventory parts that you want to track, report on, and resell as single units. (For example, custom doors with the hinges, handles, and locksets attached.).
- None of the above
  ASSEMBLY ITEMS are objects built from your Inventory parts that you want to track, report on, and resell as single units. (For example, custom doors with the hinges, handles, and locksets attached.).
Which is the feature QuickBooks that allows you to match your transactions to the ones the bank has?
- Bank Reconciliation
  Bank Reconciliation is a feature in QuickBooks® that allows you to match your transactions to the ones the bank has.
- Rectify
  Bank Reconciliation is a feature in QuickBooks® that allows you to match your transactions to the ones the bank has.
- Match
  Bank Reconciliation is a feature in QuickBooks® that allows you to match your transactions to the ones the bank has.
- None of the above
  Bank Reconciliation is a feature in QuickBooks® that allows you to match your transactions to the ones the bank has.

Minimum 70% Questions answer should be right.

Which one of following is a task that you should hire out rather than doing it yourself in QuickBooks?
- Setting up a computer
- Legal work on an employment contract
- Bookkeeping
- Creating a meaningful chart of accounts
Which one of the following is biggest expenses in business critical to cash flow in QuickBooks?
- Payroll
- Taxes
- Insurance
- All of the above
If you've used online banking to download history into an account, the ____________is the first entry on the bank register and by default its marked____________.
- If you've used online banking to download history into an account, the ____________is the first entry on the bank register and by default its marked____________.
- Opening Balance, Reconciled
- Closing Balance, Reconciled
- All of the above
When you will need to delete the Opening Balance Entry created by QuickBooks Online Banking and enter the proper opening balance for the date you’ve started entering your historical transactions using the method described above?
- To enter historical transactions more than 30 days old manually or by using Web Connect
- To enter historical transactions more than 90 days old manually or by using Web Connect
- To enter historical transactions more than 60 days old manually or by using Web Connect
- To enter historical transactions more than 45 days old manually or by using Web Connect
What is the characteristics of ICON bar?
- Fast and specific
- Completely customizable
- Can be located at the top or the left of the screen
- All of the above
What is PEBCAK?
- Problem Exists By Chair and Keyboard
- Problem Exit Between Chair and Keyboard
- Problem Exists Between Chair and Keyboard
- None of the above
Which option shortens the appearance of a subaccount name in reports by showing only the subaccount name without the parent account?
- Show lowest subaccount only
- Show highest subaccount only
- Show similar subaccount only
- None of the Above
Which one of the following is key actions to take at the end of the day in QuickBooks?
- Invoice customers and make sales receipts
- Make deposits
- Accept your online banking transaction
- All of the above
Equity equals to
- Net Profit + Assets - Liabilities
- Liabilities - Assets
- Assets + Liabilities
- Assets - Liabilities
What is the backbone of QuickBooks?
- Menu Bar
- Lists
- Icon Bar
- None of the above
Parts purchased, but not kept on hand as inventory known as:
- Inventory Assembly
- Inventory Assembly
- Non – Inventory Parts
- Assembly Items
QuickBooks add a standard __________ Markup onto the FedEx charges for time spent handling shipments.
- 2%
- 3%
- 5%
- 6.25%
_____________allow the automatic increase or decrease of prices on Invoices, Sales Receipts and Credit Memos.
- Price Levels
- Inventory Level
- Both A and B
- None of the above
How to keep track of information about, and phone conversations with customers and vendors in QuickBooks?
- Using Notepad
- Using Lists
- Using the customer Tools
- None of the above
Account payable are part of company’s _____________________.
- Assets
- Revenue
- Liabilities
- All of the above
QuickBooks set all bills to come due __________after receipt as the standard, but that can be overridden on each bill as it comes in.
- 15 Days
- 10 Days
- 30 Days
- 45 Days
Any transactions that you entered manually into your QB should be marked as “____________.”
- Unmatched
- Matched
- Both A and B
- All of the above
Which account is used to track principal balance owed in loan?
- Escrow Payment Account
- Expense Account
- Long term Liability Account
- None of the above

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

4.2

(5)

40%

20%

TW

Terry Wheatley

Sep 11th 2020

This course was brilliantly offered with a very knowledgeable and engaging presenter which delivered a Fantastic, clear and Completely understandable webinar which felt very much productive.

Frank Hajek , CPA

Aug 13th, 2020

This is the first time I understand the Quickbooks program. I appreciate the instructor preparedness of the information. I would definitely recommend the instructor.This course was brilliantly offered with a very knowledgeable and engaging presenter

Leslie Hamilton , CPA

Oct 27th, 2020

Outstanding presenter! Very informative webinar. Highly recommend. I didn't take this as a test prep, but only to become familiar with software features/functionality. I appreciate the information. Thank you!

PHYLLIS ODLE , EA

Sep 14th, 2020

I really felt that the duration of the webinar is not really that apt for the lectures, i feel there should be more run time for webinar sinc the webinar has a lot of great and good information to improve the use of all the tools available in QBO

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.

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Wednesday, October 28, 2020 View Details/Register

YELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE

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IS IT DEDUCTIBLE: COMMONLY ASKED IRS DEDUCTIONS (UPDATED 2020)

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Thursday, October 22, 2020 View Details/Register

Cost $35
CPE Credits 3.5
CPD Credits 3.5
Subject Area Computer Software and Applications
Course Level Basic
Instructional Method QAS Self Study
Prerequisites None
Advanced Preparation None
Published Date September 24 ,2020
Who should attend? Bookkeeper Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm Young CPA CPA in Business Entrepreneurial CPA Tax Accountant (Industry) Accounting Practice Owners Senior Accountant Accounts Director Chief Accounting Officer Entrepreneurial Accountant Accounting Managers Staff of Accounting Firm
Handout Material Download
Key Terms Download

On-Demand Webinars

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

IS IT DEDUCTIBLE: COMMONLY ASKED IRS DEDUCTIONS (UPDATED 2020)

Wednesday, October 28, 2020 View Details/Register

YELLOW BOOK BOOT CAMP – INTRODUCTION TO NFP AND GOVERNMENTAL ACCOUNTING & AUDITING

Monday, October 26, 2020 View Details/Register

Ethics for Wyoming CPAs

Friday, October 09, 2020 View Details/Register