|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.
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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