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Courses - QuickBooks 101
Description: Introduction to QuickBooks
Running Time: 80 minutes
Pre-Requisites: Windows 101 recommended
Windows 102 or Windows 110 recommended
Versions:
We use QuickBooks 2002 in this video. The lessons are valid for most versions of QuickBooks made after 1999. Although you will find minor cosmetic differences in the layout of the program, the key concepts are the same. We will be updating this tutorial for the latest version of QuickBooks very soon. Anyone who has ordered this tutorial after November 2007 will get a free upgrade.
 
This is the perfect class for anyone who knows nothing about QuickBooks, and needs to learn how to set up their company fast. This is the foundation class for QuickBooks. It is very important to make sure you take this QuickBooks course first before moving on to any other QuickBooks courses because we cover all of the very important terminology and fundamentals here.

First, we'll teach you how to start QuickBooks, and how to make some basic customizations so that QuickBooks is easier to use. We'll start off by walking you through the EasyStep Interview to begin building your Company File - the data file that will contain all of your information in QuickBooks. This is where many new users have problems. If your Company File isn't set up properly from the start, you will have problems using QuickBooks later on.

Next, we'll gather information on your business - name, address, tax information, etc. We'll discuss choosing a Type of Business for your Company File. We'll teach you how to save your Company File. We'll show you how to save your Company File in a safe location.

We'll discuss Income and Expense Accounts. We'll discuss multi-user access to your Company File. We'll show you how to set up the proper type of sales tax reporting for your business. We'll discuss selecting the proper invoice format. We'll discuss other preferences like estimates, progress invoicing, time tracking, and so on.

Next we'll try to help you to answer the age-old question of whether to use Cash or Accrual-based accounting for your business. We'll cover this topic in depth. We'll then help you to determine your Company File Start Date which is an extremely important date that must be set correctly.


click to enlarge

Next, we'll talk about Income Accounts and Expense Accounts. We'll show you how to add new Income Accounts (see demo lesson). We'll talk about statement charges. We'll show you how to set up your Items in QuickBooks. We'll learn about Inventory Parts, Non-Inventory Parts, Service Items, Other Charges, and so on. We'll show you how to add parts to your inventory and set up your product lists.

We'll talk about setting up your starting balances for your accounts. We'll add customers and their opening balances to your Company File. We'll set up your vendors list. We'll set up your credit card accounts, bank accounts (checking, savings, etc.), loans, notes payable, etc. We'll talk about asset accounts, equity accounts, and more.

Again, in this course, we cover all of the fundamentals. We go through setting up a fictional company, and creating all of the accounts and other information mentioned above. Even if you have already created your Company File, and even if you may already be working with QuickBooks, we strongly recommend this course - if for nothing else than to make sure that you properly understand all of the terms used in QuickBooks.

 
 


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