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QuickBooks Pro Online Intermediate (2023)
Learn intermediate-level daily functions of using QuickBooks Pro OnlinePreview the first lesson free — get full access to all 23 lessons.
Intermediate Provider : Takeisha Strong 7 chapters · 23 Lessons · 2h 23m in English
Course Description
Intuit QuickBooks is one of the leading accounting software packages available in the consumer market. It is used by large and small businesses, schools, nonprofit organizations, and government entities to manage and track daily financial operations. It helps with various tasks, including accounting, inventory, invoicing, bank account tracking, expense management, and budgeting. So, how can you use QuickBooks in your organization?
In this course, you will learn how to invoice customers, enter vendor bills, create an estimate, convert it to an invoice, and convert a vendor purchase order to a bill for payment. You will also learn how to manage other customer transactions, such as entering deposits and payments, creating receipts, and generating customer statements to communicate open balances and activity on the account.
We will cover how to void and write off invoices, match bank data using bank integrations, and complete bank reconciliations. We will explore making products and services inactive, managing e-commerce applications, and managing independent contractors for year-end tax reporting. By the end of this course, you will be able to manage transactions in a QBO file effectively.
What You'll Learn
- Invoice customers, create estimates, and convert estimates and vendor purchase orders into invoices and bills
- Manage customer transactions including deposits, payments, receipts, and customer statements
- Void and write off invoices, add finance charges, and run batch actions for customers
- Connect bank accounts, manually enter bank activity, match transactions, and reconcile accounts
- Track independent contractor activity by adding 1099-eligible contractors and running 1099 reports
- Make products and services inactive and locate and add e-commerce apps in QuickBooks Online
Key Takeaways
- QuickBooks is an accounting software package used by large and small businesses, schools, nonprofit organizations, and government entities to manage and track daily financial operations.
- QuickBooks helps with tasks including accounting, inventory, invoicing, bank account tracking, expense management, and budgeting.
- The course covers managing customer transactions such as entering deposits and payments, creating receipts, and generating customer statements to communicate open balances and account activity.
- Bank activity can be managed with and without app integrations, including matching bank data and completing bank reconciliations.
- By the end of the course, learners will be able to manage transactions in a QBO file effectively, including tracking independent contractors for year-end tax reporting.
Frequently Asked Questions
What will I learn in this intermediate QuickBooks Online course?
You will learn how to invoice customers, enter vendor bills, create an estimate and convert it to an invoice, convert a vendor purchase order to a bill, manage customer transactions, void and write off invoices, match bank data using bank integrations, complete bank reconciliations, manage e-commerce applications, and manage independent contractors for year-end tax reporting.
What is QuickBooks used for?
QuickBooks is one of the leading accounting software packages used by large and small businesses, schools, nonprofit organizations, and government entities to manage and track daily financial operations, including accounting, inventory, invoicing, bank account tracking, expense management, and budgeting.
Does this course cover bank reconciliation and bank integrations?
Yes. The course covers connecting bank accounts, manually entering bank activity, matching bank data using bank integrations, adding, matching, transferring, and excluding transactions, and reconciling accounts, so you can manage bank activity with and without app integrations.
Does this course address 1099 and independent contractor reporting?
Yes. The course covers tracking independent contractor activity, including adding 1099-eligible contractors to your QBO file, identifying and tracking 1099-eligible accounts, and running 1099 reports for year-end tax reporting.
