Quickbooks Training Schedule
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Preliminaries
- Set up interview
- Chart of Accounts
- Apostrophe prefix for sales items
- Accent prefix for purchases items
- Asterisk to warn that there are subaccounts
- Credit Cards on Hand as a Bank Account
- "Bills are due 0 days"
- Allignment of Sales and COGS accounts
- Preferences
- Decimal
- Recall last entry
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Session I: Posting Purchases Invoices
- Explain
- Accent prefix
- Purchases accounts
- Prepaid Sales Tax
- Mixed Purchases
- Supplies on mixed Purchases invoice
- Explain
- Vendor List
- Use of amperstands
- "Print on check as" field
- Account information
- Explain
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Session II: Writing Checks
- "Male" Checks
- Using Bill Pay
- Checking and making small adjustments
- "Female" Checks
- Expenses
- Reimbursements are expenses
- Non-Expense disbursements
- Personal Draws
- Payments on Accounts
- Either Principal & Interest, or
- Payments, adjust at end of year
- "Male" Checks
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Session III: Posting Daily Sales
- Posting Daily Sales Report in QuickBooks
- Explain
- Apostrophe prefix
- Accent prefix
- Asterisk prefix
- Explain
- Sales Accounts
- Sales Tax Collected
- Received on Account (if charge accounts)
- "Amount to Account For"
- Bank Deposit
- Credit Cards on Hand
- Paid-Outs as expenses
- Prepaid Sales Tax account
- "Amount Accounted For"
- Cash Short/(Over)
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Session IV: Gasoline
- Using Credit Cards on Hand to pay
- Adjusting Credit Card on Hand balance
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Session V: Ending Inventory
- Adjusting early or belated Inventory
- Subtract retail sales if early; add retail sales if late
- Use multipliers
- Add purchases if early; subtract purchases if late
- Two or three days will not matter in most cases.
- Adjusting ending inventory
- Affected accounts are Inventory:Category and Cost of Goods Sold:Category
- "Out with the old, in with the new."
- Adjusting early or belated Inventory
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Miscellaneous Items
- Posting Payroll
- Posting Payroll tax payments
- Posting sales tax returns
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Follow-up
- General Journal entries to enter prior months' P&L's
- General Journal entry to enter beginning of year capital accounts