QuickBooks for Advanced Learners Information - Analysis and better Decisions

Course Description

In years past, conventional wisdom said that QuickBooks® Desktop (QBDT) was better suited to construction, while QuickBooks® Online (QBO®) was best used for service-based businesses. While that used to be true, the latest enhancements to QBO have eliminated that distinction. The new Project Center and Labor Costing tools now mean that project-based businesses now have powerful job costing tools, a slick new interface providing an at-a-glance dashboard overview of the financial status of any customer job, and handy one-click reports. QuickBooks Online new Projects Center has the tools you need for construction and other project management bookkeeping. QBO helps with cost accounting, including time & materials contracts, and percentage of completion, and at-a-glance profitability reports.

This CPE webinar for CPAs is specific to construction and project-based jobs and covers following Key Topics:

• Estimates
• Progress Invoicing
  
• Change orders
• Taking Deposits
• Receiving Partial Payments
• Billing for time and materials
• Job Costing

QuickBooks has gained immense popularity in recent years among small and medium business owners due to the ease it provides for keeping the accounts and managing the finances. The app has many uses, only if you know how to use it, you will be greatly benefited by it. QuickBooks houses many pre-created reports for your convenience, but if you wish you can create your own Customized Reports in QuickBooks Desktop and mail them as well. In this webinar we will show how to customize reports in QuickBooks Online. Reports include:

• Profit and loss statement (P&L)
• Balance Sheet
• Accounts Payable
• Accounts Receivable
• Products
• Services
• Cash flow

The more you slice and dice your data, the better decisions you can make to help your business grow. We’ll help you in customize the reports to pull the data your clients need, memorize the favorites for future use, and even email to clients every month automatically!

It’s one thing to master routine bookkeeping techniques, but it’s completely something else to use it for rare business situations. In this special QuickBooks® Online class, we’ll look at everyday business transactions like Loans and Lines of Credit.

This online CPE webinar on Accounting will talk about more complex situations such as:

• How do you track Bartering to stay IRS-compliant? 
• How do you book bounced checks, either your own or from a customer? 
• What do you do when a daily credit card batch is negative? 
• What are the options when to take client deposits on work to be performed? 
• How do you make corporate credit cards work?

This online CPE webinar will be most suitable for Business owners and employees hoping to gain deeper insight into the health of their business and also for Bookkeepers/Accountants who wish to brush up on their skills. 

Learning Objectives

• To recall the new features in QBO for projects.
• To recognize how to track change orders in QBO for projects.
• To Identify how to do Progress invoicing in QBO for projects.
• To identify different type of reports which are available at each subscription level of QuickBooks®.
• To identify ways of reading a Profit & Loss report, Cash Flow report, and Balance Sheet.
• To identify ways of reading A/R and A/P reports.
• To recognize how you can add situation-specific accounts to the Chart of Accounts.
• To explore how you can manage a Line of Credit.
• To identify how to separate out Loan payments for principal, interest, and debt protection insurance.
• To recognize processing Bounced Checks, both your customers’ and your own.
• To explore how you can track Bartering, so you can track your true income and your expenses even though no money has changed hands.

Recommended For

• This online CPE webinar on Accounting is recommended for CPA (US), CFE, CPA/CITP, CMA, Tax Preparer, CIA, CGMA, PCP and Any Other Accounting Professional at any level who desire to help their clients to better serve with QuickBooks knowledge 
• This Online CPD webinar on Accounting is recommended for CPAs in Canada who wants to help their clients with improved QuickBooks applications. 
• This online CPE webinar for Accountants is also recommended for Businesses who work in the field, Businesses that write estimates or bid on jobs, take deposits for work to be performed, take partial payments as work is completed, and want to determine which services and customers make the most profit and also to Bookkeepers and Accountants who wish to brush up on their skills.

Who Should Attend?

Webinar Qualifies For

• 6 CPE Credit for Certified Fraud Examiner (CFE)
• 6 CPE Credit for Certified Management Accountants (CMA)
• 6 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
• 6 CPE Credit for Certified Valuation Analyst (CVA)
• 6 CPD Credit for Chartered Professional Accountant (CPA Canada)

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