Advanced QuickBooks Online Series

Name: Advanced QuickBooks Online Series
Author: Cindy McGuckin

Master your companies accounting within QuickBooks

Preview the first lesson free — get full access to all 38 lessons.

Course: On-Demand

Hey there, welcome to QuickBooks Online. My name is Cindy McGuckin, and I'm going to help walk you through this series of videos for this advanced course. I wanted to take a moment in this introduction video and tell you a little bit about myself, and what to expect as you walk through this series of videos. I've actually been a software instructor for quite a number of years, and I've worked with QuickBooks for over 15 of those years. We're gonna be covering a lot of information in this advanced course, and these are things that not everyone may use. For example, we're going to be lookin' at sales tax and payroll. Not everyone collects sales tax. It depends on if they have a service business or if they actually sell physical products in their business. Not everyone runs their payroll through QuickBooks. Some people use an outside service. We're also gonna be looking a lot at some of the banking features in QuickBooks. One of the things that a lotta people want to do is they want to use the bank feed option in QuickBooks. We are gonna go through that, how to set it up, but we're also gonna talk about some reasons you may not want to use it. We'll be lookin' at how you set up PayPal and Square, because those are actually bank accounts that you wanna set up and use just like you would a regular checking account that you might have at your business. We're gonna be talkin' about loans a little bit, how to set up your loans properly. And then also, when you pay those loans, how do you deduct the principal and the interest and show those in the proper categories? We're gonna be lookin' at some odd features in QuickBooks as well. We're gonna be looking at the mileage option. There's also an option for recurring transactions. Those are transactions that happen at the same time on a regular basis. For example, you might have a car payment that's deducted the same time every month. Instead of you manually having to enter that transaction, we can set it up so QuickBooks will do that for you. Once we get through all these videos, we're gonna wrap it up at the end, but I want you to make sure that you pay particular attention when you go through so that you have things set up correctly for your business. Make sure you get a pen and paper so you can take notes. Well that's gonna wrap up my introduction. I wanna go ahead and get ya started talkin' about products and services.

Advanced Provider : Cindy McGuckin 7 chapters · 38 Lessons · 2h 45m in Arabic, German, English, Spanish, French, Portuguese, Chinese

Course Description

This QuickBooks Online Advanced course is designed to build upon previous knowledge of the software, meant for those who wish to master the platform. This course will finalize your knowledge on basic topics, as well as introduce you to new, complex techniques. Refresh and amplify your knowledge of the different forms to fill out in QuickBooks, as well as working with your inventory and managing employees. From there, you'll discover how to set up your company's finances for banking by looking at your bank feed, creating transfers, and reconciling your feed. Once you understand how banking works in QuickBooks, the course will move on to teach you how to set up and pay loans, as well as how to add certain charges, such as sales taxes, to your finances. By the end of this course, you will be able to keep your finances in check by working with bank feeds, understanding the different forms you need for your business, and working with inventory, employees, loans and charges.

Learning Objectives

What You'll Learn

Organize products and services, including services, inventory products, and bundles
Set up your company's finances for banking using bank registers, transfers, and bank feeds
Reconcile bank accounts and connect PayPal, Square, and other bank accounts
Set up loans and make loan payments, including PPP loans
Add sales tax to purchases and pay liabilities in QuickBooks
Set up employees and payroll, and run Profit and Loss, Balance Sheet, and Customer reports

Key Takeaways

This advanced course builds upon previous knowledge of QuickBooks Online and is meant for those who wish to master the platform.
It covers managing inventory through purchase orders, receiving products, paying bills, and adjusting inventory.
It teaches how banking works in QuickBooks, including bank feeds, transfers, and reconciling accounts before moving on to loans and charges.
It shows how to set up and pay loans and how to add charges such as sales taxes to your finances.
By the end, you will be able to keep finances in check by working with bank feeds, forms, inventory, employees, loans, and charges.

Frequently Asked Questions

Who is this course for?

It is designed for those who wish to master QuickBooks Online and builds upon previous knowledge of the software.

What banking topics does the course cover?

It covers setting up finances for banking by working with bank registers, bank transfers, bank feeds, downloading transactions, disconnecting feeds, reconciling bank accounts, and connecting PayPal, Square, and other bank accounts.

Does the course cover loans?

Yes. It teaches how to set up loans, make loan payments, and handle PPP loans.

What will I be able to do by the end of the course?

You will be able to keep your finances in check by working with bank feeds, understanding the different forms you need for your business, and working with inventory, employees, loans, and charges.

Does the course cover payroll and reporting?

Yes. It covers payroll subscriptions, setting up employees, setting up payroll manually, and reports including Profit and Loss, Balance Sheet, and Customer reports.