QuickBooks: Tricky & Complex Situations for Advanced Learners

Learning Objectives

• To identify how to add situation-specific accounts to the Chart of Accounts.
• To recognize how to manage a Line of Credit.
• To recall how to separate Loan payments for principal, interest, and debt protection insurance.
• To recognize how to process Bounced Checks, both your customers and your own.
• To recall how to track Bartering, so you can track your true income and your expenses even though no money has changed hands.

Course Description

When something goes wrong with QuickBooks, the consequences can be pretty dire. Luckily, many common problems are easy to fix once you know about them. QuickBooks is a crucial tool for businesses. It helps organizations manage their money, pay their employees, and pay their bills. But QuickBooks is also a fairly complex application. This complexity means that QuickBooks is prone to having problems.

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

This online CPE webinar covers the following key topics:

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

This QuickBooks CPE webinar will help professionals to help with tricky and complex situations.

Overview

• Time setup steps

  5 mins
• Make the loan payment

  17 mins
• Ste up #1: The Liability

  27 mins
• Create barter reports

  41 mins
• QuickBooks Learning Roadmap

  65 mins
• Set up in Chart of Accounts & Banking

  84 mins
• Clearing transfers

  99 mins
• Create Due to / From Accounts

  122 mins