Create a new company file in QuickBooks Desktop, and understand your business's operating cycle. Get started today and empower your business for success. Read more.
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Get Started with All Access PassBuy Only This CourseAbout This Course
Who this course is for:
- Accountants
- Business owners
What you’ll learn:Â
- Create a new company file and easily navigate the financial ins and outs of your business
Requirements:Â
- No prior knowledge is required to take this course
Software version used in the course:
- QuickBooks Desktop 2023
We will create a new company file and populate it with two months of data input.
The data input will cover every significant form in each operating cycle, including the revenue cycle, the payables cycle, and the payroll cycle. The primary operating cycles are also commonly grouped as the customer, vendor, and employee cycle.
As we enter financial transactions, populating forms, we will analyze the impact on the financial statement and related reports.
Entering two months of data will allow us to see the difference in complexity of entering data for the first month of operations, a time when we have no historical data to help us, and entering data in following months, a time when we do have prior history and transactions to help simplify the process.
Our Promise to You
By the end of this course, you will have learned how to create a company file in QuickBooks Desktop.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today!
Course Curriculum
| Section 1 - Start A New Company File In QuickBooks | |||
| 1012 30 Day Free Trial or Purchase Process | 00:00:00 | ||
| 6010 Restore And Backup Data Files | 00:00:00 | ||
| Documents To Download – QBD 2023 Course 2 | 00:00:00 | ||
| 6040 Create A New Company File | 00:00:00 | ||
| Section 2 - Company Preferences | |||
| 6080 Company Preferences Accounting | 00:00:00 | ||
| 6100 Benefits HR, Company Preferences Bills, Calendar, And Checking | 00:00:00 | ||
| 6120 Company Preferences Desktop View, Finance Charge, And General | 00:00:00 | ||
| 6140 Company Preferences Integrated Application And Items And Inventory | 00:00:00 | ||
| 6160 Jobs and Estimates, Multiple Currencies, Payments, And Payroll | 00:00:00 | ||
| 6180 Company Preferences Reminders And Reports And Graphs | 00:00:00 | ||
| 6200 Company Preferences Sales And Customers And Sales Tax | 00:00:00 | ||
| 6220 Company Preferences Search, Send Forms, Service Connection | 00:00:00 | ||
| Section 3 - Adding Service Items And Inventory Items | |||
| 6240 Options For Interring Items, Customers And Vendors | 00:00:00 | ||
| 6260 Enter Service Items | 00:00:00 | ||
| 6280 Inventory Tracking Options | 00:00:00 | ||
| 6300 Set Up Inventory Items | 00:00:00 | ||
| Section 4 - Sales Tax Setup, Add Customers, And Add Vendors | |||
| 6320 Sales Tax Set Up | 00:00:00 | ||
| 6340 New Customers Setup And Accounts Receivable Beginning Balances | 00:00:00 | ||
| 6360 New Vendors Setup And Accounts Payable Beginning Balances | 00:00:00 | ||
| Section 5 - Opening Balances, Adjustments To Equity, And Manual Payroll Setup | |||
| 6380 Add New Accounts And Opening Balances | 00:00:00 | ||
| 6400 Adjust Opening Balances | 00:00:00 | ||
| 6420 Manual Payroll Set up | 00:00:00 | ||
| Section 6 - Reports After Entering Opening Balance | |||
| 6440 Generate Reports After Entering Beginning Balances | 00:00:00 | ||
| Section 7 - Month 1: Record Owner Investment, Purchase Of Fixed Asset And Investment | |||
| 7020 Deposits – Owner Investment And Loan | 00:00:00 | ||
| 7040 Record Investment | 00:00:00 | ||
| 7043 Purchase of Fixed Assets | 00:00:00 | ||
| Section 8 - Month 1: Enter Purchase Order And Enter Check Or Expense Form From PO | |||
| 7060 Enter Purchase Order PO | 00:00:00 | ||
| 7080 Cash Payment For Inventory Linked To Purchase Order PO | 00:00:00 | ||
| Section 9 - Month 1: Enter Invoice, Sales Receipts, And Deposits | |||
| 7100 Invoice Selling Inventory | 00:00:00 | ||
| 7120 Receive Payment Transaction And Form | 00:00:00 | ||
| 7140 Sales Receipt Payment Received at Point of Sale | 00:00:00 | ||
| 7160 Deposits From Undeposited Funds | 00:00:00 | ||
| Section 10 - Month 1: Enter Invoice, Receive Payment, And Pay Bill Form | |||
| 7180 Invoice Created From Check Created From Purchase Order | 00:00:00 | ||
| 7200 Receive Payment And Make Deposit | 00:00:00 | ||
| 7220 Write Checks For Expenses And Prepaid Assets | 00:00:00 | ||
| 7240 Bill Pay | 00:00:00 | ||
| Section 11 - Month 1: Create Customer Job, Pay Employees, And Create Sales Receipt For Job | |||
| 7260 Customer Jobs | 00:00:00 | ||
| 7280 Pay Employees | 00:00:00 | ||
| 7282 Change Payroll Item For Payroll Taxes | 00:00:00 | ||
| 7300 Enter Billable Time And Expense And Invoice | 00:00:00 | ||
| Section 12 - Month 1: Reports | |||
| 7320 Month One Reports | 00:00:00 | ||
| Section 13 - Month 2: Enter Loan Payments, Create Amortization Tables, And Investment | |||
| 8020 Make Amortization Table | 00:00:00 | ||
| 8022 Make Loan Payments | 00:00:00 | ||
| 8040 Short Term Investment Sales And Gains | 00:00:00 | ||
| 8060 Change Account Categorization To Other Expense | 00:00:00 | ||
| Section 14 - Month 2: Enter Purchase Order, Sales Receipts, And Bill For Inventory | |||
| 8080 Purchase Order Adding New Items | 00:00:00 | ||
| 8120 Sales Receipt And Deposit | 00:00:00 | ||
| 8122 Record Receipt Of Inventory With Bill Linked To PO | 00:00:00 | ||
| Section 15 - Month 2: Invoice From Billable Item And Advanced Customer Deposit | |||
| 8130 Populate Invoice Using Billable Item That Was Created From PO | 00:00:00 | ||
| 8140 Advanced Customer Payment Or Unearned Revenue Method 1 | 00:00:00 | ||
| 8160 Apply Customer Deposit (Credit) To Invoice | 00:00:00 | ||
| 8200 Advanced Customer Payment Or Unearned Revenue Method 2 | 00:00:00 | ||
| Section 16 - Month 2: Invoicing For Hourly Service | |||
| 8320 Bill For Hourly Services Of Staff Set Up Items And Enter Billable Time | 00:00:00 | ||
| 8322 Create Invoices Using Billable Time | 00:00:00 | ||
| Section 17 - Month 2: Invoicing For Rental Income With Advanced Customer Deposit | |||
| 8340 Rental Income Set Up Items | 00:00:00 | ||
| 8342 Rental Estimate And Customer Deposit | 00:00:00 | ||
| 8344 Rental Income Invoice From Estimate | 00:00:00 | ||
| Section 18 - Month 2: Purchase And Finance Equipment And Recategorize Fixed Assets | |||
| 8360 Purchase And Finance Equipment And Create Loan Sub Accounts | 00:00:00 | ||
| 8362 Subaccounts Categories For Fixed Assets | 00:00:00 | ||
| Section 19 - Month 2: Enter And Pay Month End Bills And Pay Sales Tax | |||
| 8365 Bills – Enter, Sort, And Pay | 00:00:00 | ||
| 8370 Pay Sales Tax | 00:00:00 | ||
| Section 20 - Month 2: Enter Payroll And Pay Payroll Tax For Prior Period | |||
| 8380 Enter Payroll For Second Month | 00:00:00 | ||
| 8385 Pay Payroll Taxes | 00:00:00 | ||
| Section 21 - Month 2: Generate Month End Reports And Review Work | |||
| 8420 Create Reports After Second Month Of Data Input | 00:00:00 | ||
About This Course
Who this course is for:
- Accountants
- Business owners
What you’ll learn:Â
- Create a new company file and easily navigate the financial ins and outs of your business
Requirements:Â
- No prior knowledge is required to take this course
Software version used in the course:
- QuickBooks Desktop 2023
We will create a new company file and populate it with two months of data input.
The data input will cover every significant form in each operating cycle, including the revenue cycle, the payables cycle, and the payroll cycle. The primary operating cycles are also commonly grouped as the customer, vendor, and employee cycle.
As we enter financial transactions, populating forms, we will analyze the impact on the financial statement and related reports.
Entering two months of data will allow us to see the difference in complexity of entering data for the first month of operations, a time when we have no historical data to help us, and entering data in following months, a time when we do have prior history and transactions to help simplify the process.
Our Promise to You
By the end of this course, you will have learned how to create a company file in QuickBooks Desktop.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today!
Course Curriculum
| Section 1 - Start A New Company File In QuickBooks | |||
| 1012 30 Day Free Trial or Purchase Process | 00:00:00 | ||
| 6010 Restore And Backup Data Files | 00:00:00 | ||
| Documents To Download – QBD 2023 Course 2 | 00:00:00 | ||
| 6040 Create A New Company File | 00:00:00 | ||
| Section 2 - Company Preferences | |||
| 6080 Company Preferences Accounting | 00:00:00 | ||
| 6100 Benefits HR, Company Preferences Bills, Calendar, And Checking | 00:00:00 | ||
| 6120 Company Preferences Desktop View, Finance Charge, And General | 00:00:00 | ||
| 6140 Company Preferences Integrated Application And Items And Inventory | 00:00:00 | ||
| 6160 Jobs and Estimates, Multiple Currencies, Payments, And Payroll | 00:00:00 | ||
| 6180 Company Preferences Reminders And Reports And Graphs | 00:00:00 | ||
| 6200 Company Preferences Sales And Customers And Sales Tax | 00:00:00 | ||
| 6220 Company Preferences Search, Send Forms, Service Connection | 00:00:00 | ||
| Section 3 - Adding Service Items And Inventory Items | |||
| 6240 Options For Interring Items, Customers And Vendors | 00:00:00 | ||
| 6260 Enter Service Items | 00:00:00 | ||
| 6280 Inventory Tracking Options | 00:00:00 | ||
| 6300 Set Up Inventory Items | 00:00:00 | ||
| Section 4 - Sales Tax Setup, Add Customers, And Add Vendors | |||
| 6320 Sales Tax Set Up | 00:00:00 | ||
| 6340 New Customers Setup And Accounts Receivable Beginning Balances | 00:00:00 | ||
| 6360 New Vendors Setup And Accounts Payable Beginning Balances | 00:00:00 | ||
| Section 5 - Opening Balances, Adjustments To Equity, And Manual Payroll Setup | |||
| 6380 Add New Accounts And Opening Balances | 00:00:00 | ||
| 6400 Adjust Opening Balances | 00:00:00 | ||
| 6420 Manual Payroll Set up | 00:00:00 | ||
| Section 6 - Reports After Entering Opening Balance | |||
| 6440 Generate Reports After Entering Beginning Balances | 00:00:00 | ||
| Section 7 - Month 1: Record Owner Investment, Purchase Of Fixed Asset And Investment | |||
| 7020 Deposits – Owner Investment And Loan | 00:00:00 | ||
| 7040 Record Investment | 00:00:00 | ||
| 7043 Purchase of Fixed Assets | 00:00:00 | ||
| Section 8 - Month 1: Enter Purchase Order And Enter Check Or Expense Form From PO | |||
| 7060 Enter Purchase Order PO | 00:00:00 | ||
| 7080 Cash Payment For Inventory Linked To Purchase Order PO | 00:00:00 | ||
| Section 9 - Month 1: Enter Invoice, Sales Receipts, And Deposits | |||
| 7100 Invoice Selling Inventory | 00:00:00 | ||
| 7120 Receive Payment Transaction And Form | 00:00:00 | ||
| 7140 Sales Receipt Payment Received at Point of Sale | 00:00:00 | ||
| 7160 Deposits From Undeposited Funds | 00:00:00 | ||
| Section 10 - Month 1: Enter Invoice, Receive Payment, And Pay Bill Form | |||
| 7180 Invoice Created From Check Created From Purchase Order | 00:00:00 | ||
| 7200 Receive Payment And Make Deposit | 00:00:00 | ||
| 7220 Write Checks For Expenses And Prepaid Assets | 00:00:00 | ||
| 7240 Bill Pay | 00:00:00 | ||
| Section 11 - Month 1: Create Customer Job, Pay Employees, And Create Sales Receipt For Job | |||
| 7260 Customer Jobs | 00:00:00 | ||
| 7280 Pay Employees | 00:00:00 | ||
| 7282 Change Payroll Item For Payroll Taxes | 00:00:00 | ||
| 7300 Enter Billable Time And Expense And Invoice | 00:00:00 | ||
| Section 12 - Month 1: Reports | |||
| 7320 Month One Reports | 00:00:00 | ||
| Section 13 - Month 2: Enter Loan Payments, Create Amortization Tables, And Investment | |||
| 8020 Make Amortization Table | 00:00:00 | ||
| 8022 Make Loan Payments | 00:00:00 | ||
| 8040 Short Term Investment Sales And Gains | 00:00:00 | ||
| 8060 Change Account Categorization To Other Expense | 00:00:00 | ||
| Section 14 - Month 2: Enter Purchase Order, Sales Receipts, And Bill For Inventory | |||
| 8080 Purchase Order Adding New Items | 00:00:00 | ||
| 8120 Sales Receipt And Deposit | 00:00:00 | ||
| 8122 Record Receipt Of Inventory With Bill Linked To PO | 00:00:00 | ||
| Section 15 - Month 2: Invoice From Billable Item And Advanced Customer Deposit | |||
| 8130 Populate Invoice Using Billable Item That Was Created From PO | 00:00:00 | ||
| 8140 Advanced Customer Payment Or Unearned Revenue Method 1 | 00:00:00 | ||
| 8160 Apply Customer Deposit (Credit) To Invoice | 00:00:00 | ||
| 8200 Advanced Customer Payment Or Unearned Revenue Method 2 | 00:00:00 | ||
| Section 16 - Month 2: Invoicing For Hourly Service | |||
| 8320 Bill For Hourly Services Of Staff Set Up Items And Enter Billable Time | 00:00:00 | ||
| 8322 Create Invoices Using Billable Time | 00:00:00 | ||
| Section 17 - Month 2: Invoicing For Rental Income With Advanced Customer Deposit | |||
| 8340 Rental Income Set Up Items | 00:00:00 | ||
| 8342 Rental Estimate And Customer Deposit | 00:00:00 | ||
| 8344 Rental Income Invoice From Estimate | 00:00:00 | ||
| Section 18 - Month 2: Purchase And Finance Equipment And Recategorize Fixed Assets | |||
| 8360 Purchase And Finance Equipment And Create Loan Sub Accounts | 00:00:00 | ||
| 8362 Subaccounts Categories For Fixed Assets | 00:00:00 | ||
| Section 19 - Month 2: Enter And Pay Month End Bills And Pay Sales Tax | |||
| 8365 Bills – Enter, Sort, And Pay | 00:00:00 | ||
| 8370 Pay Sales Tax | 00:00:00 | ||
| Section 20 - Month 2: Enter Payroll And Pay Payroll Tax For Prior Period | |||
| 8380 Enter Payroll For Second Month | 00:00:00 | ||
| 8385 Pay Payroll Taxes | 00:00:00 | ||
| Section 21 - Month 2: Generate Month End Reports And Review Work | |||
| 8420 Create Reports After Second Month Of Data Input | 00:00:00 | ||
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