Accounting with Intuit QuickBooks 2008

What Will You Learn?

• Describe the art of finance and key financial terms
• Determine your role in company finances
• Find the rules and regulations for your area and industry
• Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
• Explain how a chart of accounts is created
• Tell the difference between cash and accrual accounting
• Explain single-entry and double-entry bookkeeping
• Differentiate between debits and credits
• Identify and analyze important financial data and make financial decisions
• Read annual reports
• Determine whether a company is a financially high or low risk
• Recognize different types of organizational financial plans
• Explain what budgets are and how to prepare them
• Recognize what computer skills you need to make you a financial whiz
• Deal with financial situations that impact the people that work for you
• Performing basic transactions through setting up sales tax, opening check register, writing checks and much more
• Enter, view, search and pay bills; along with editing, deleting and voiding a bill
• Utilizing the loan manager by going through the preparation to add loans, viewing payment schedule and other relevant options
• Adding new inventory, checking inventory status, adjusting the quantity on hand and using build assemblies
• Customizing, creating, memorizing purchase orders and navigating through existing ones
• Finishing purchase orders by checking the spelling, using print preview, printing purchase order and using email options
• What to do when receiving inventory with or without bills, entering bills against inventory, backorders and closing purchase orders, and creating inventory worksheet
• Returning items to vendors, applying vendor credits, reimbursing expenses, and using vehicle mileage
• Creating new bank account in order to transfer funds, making non-customer deposits, and managing undeposited funds account
• Creating and funding petty cash, and tracking the expenses
• Understanding credit cards and QuickBooks, setting up credit card as liability account or as a vendor, entering charges, paying credit card, and reconciling them
• Utilizing online banking features by setting up online account in QuickBooks, and using it as a credit card merchant
• Using the report menu, opening report center and understanding it, choosing a category and opening pre-defined reports
• Choosing dates and columns, changing sort order, modifying the header and body for pre-defined reports
• Emailing, printing, exporting and memorizing the report
• Review some common reports such as trial balance, balance sheet, profit & loss and others
• Get report details through QuickZoom feature, accessing memorized reports, setting preferences, and using the learning center
• Performing basic transactions through setting up sales tax, opening check register, writing checks and much more
• Enter, view, search and pay bills; along with editing, deleting and voiding a bill
• Utilizing the loan manager by going through the preparation to add loans, viewing payment schedule and other relevant options
• Adding new inventory, checking inventory status, adjusting the quantity on hand and using build assemblies
• Customizing, creating, memorizing purchase orders and navigating through existing ones
• Finishing purchase orders by checking the spelling, using print preview, printing purchase order and using email options
• What to do when receiving inventory with or without bills, entering bills against inventory, backorders and closing purchase orders, and creating inventory worksheet
• Returning items to vendors, applying vendor credits, reimbursing expenses, and using vehicle mileage
• Creating new bank account in order to transfer funds, making non-customer deposits, and managing undeposited funds account
• Creating and funding petty cash, and tracking the expenses
• Understanding credit cards and QuickBooks, setting up credit card as liability account or as a vendor, entering charges, paying credit card, and reconciling them
• Utilizing online banking features by setting up online account in QuickBooks, and using it as a credit card merchant
• Using the report menu, opening report center and understanding it, choosing a category and opening pre-defined reports
• Choosing dates and columns, changing sort order, modifying the header and body for pre-defined reports
• Emailing, printing, exporting and memorizing the report
• Review some common reports such as trial balance, balance sheet, profit & loss and others
• Get report details through QuickZoom feature, accessing memorized reports, setting preferences, and using the learning center
• Discover more about reports, employee QuickReport, payroll summary by employee, payroll liability report and how to export data to excel
• Track time with weekly timesheets, invoicing unbilled time and much more
• How to back up, restore and create company files, verify, rebuild and clean up data
• Opening the user list to create, edit, delete users, change their passwords and work in a multi-user environment
• Ways to import and export files, synchronize outlook contacts, and converting from another program
• Learn about, create, import, cancel and convert Accountant’s copy
• Understanding Asset accounts, creating an asset account, purchasing and viewing fixed asset, and entering depreciation
• Understanding liability and equity accounts through current term and long term, adding liability accounts, recording investments and payments by and to owners respectively, and repaying liabilities
• Setting sales tax preferences, viewing tax code list, setting tax codes for items and customers, using sales tax reports, adjusting tax due, and remitting sales tax
• Preparing for year-end and tax time, processing payroll forms, paying estimated income taxes, and closing the books
• Opening and closing the Business Planner, understanding the user interface, using the welcome screen and getting help
• Entering company information, income and expense details, and completing the interview
• Understanding the interface, choosing a section, viewing examples, using topic guide and writing out your plan
• Generate reports and graphs, check spellings, and set the plan format
• Finish planning using the print preview, printing business plan and topic guide, and backing up and restoring plans