Learn how to effortlessly create a new company file in QuickBooks Online. Start organizing your finances today! 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 Online 2023
This course is the second in a series of classes covering QuickBooks Online 2023; comprehensively.
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 new company file in QuickBooks Online.
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 | |||
| 6010 Comprehensive Problem Introduction | 00:00:00 | ||
| 6040 Free 30-Day Trial Set Up | 00:00:00 | ||
| 6060 Navigation Overview And Company Settings | 00:00:00 | ||
| Section 2 - Company Preferences | |||
| 6080 Account And Settings Billing And Subscription, Usage, And Sales Tabs | 00:00:00 | ||
| 6100 Account And Settings Expenses, Payments, Time, And Advanced Tabs | 00:00:00 | ||
| 6120 Manage Users | 00:00:00 | ||
| 6140 QuickBooks Labs Dark Mode | 00:00:00 | ||
| Section 3 - Adding Service Items And Inventory Items | |||
| 6240 Entering Beginning Balances, Customers, Vendors, And Items Overview | 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 | ||
| 7020 Deposits, Owner Investment And Loan | 00:00:00 | ||
| 6400 Adjust Opening Balances | 00:00:00 | ||
| 7040 Record Short-Term Investment In Stocks And Bonds | 00:00:00 | ||
| 6420 Payroll Set Up | 00:00:00 | ||
| 7043 Record Purchase Of Fixed Asset Or Depreciable Assets | 00:00:00 | ||
| 6440 Generate Reports After Entering Beginning Balances | 00:00:00 | ||
| Section 7 - Month 1- Enter Purchase Order And Enter Check Or Expense Form From PO | |||
| 7060 Enter Purchase Order | 00:00:00 | ||
| 7080 Cash Payment For Inventory Linked To Purchase Order | 00:00:00 | ||
| 7083 Transaction Correction | 00:00:00 | ||
| Section 8 - Month 1 - Enter Invoice, Sales Receipt And Deposit | |||
| 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 To Checking Account From Payment To Deposit Or Undeposited Funds | 00:00:00 | ||
| Section 9 - Month 1 - Enter Invoice, Receive Payment And Bill | |||
| 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 10 - Month 1 - Create Customer Job, Pay Employees And Create Sales Receipt For Job | |||
| 7260 Jobs, Sub Customers, And Projects | 00:00:00 | ||
| 7280 Pay Employees | 00:00:00 | ||
| 7282 Payroll Settings And Account Mapping | 00:00:00 | ||
| 7281 Payroll Adjustment | 00:00:00 | ||
| 7300 Enter Billable Time, Add to Invoice, And Apply To Job Or Project | 00:00:00 | ||
| Section 11 - Month 1 Reports | |||
| 7320 Month One Reports | 00:00:00 | ||
| 7325 Bundle Month One Reports For A Client | 00:00:00 | ||
| Section 12 - Month 2 - Enter Loan Payments, Create Amortization Tables And Investments | |||
| 8020 Make Amortization Table | 00:00:00 | ||
| 8022 Make Loan Payments | 00:00:00 | ||
| 8040 Short Term Investment Sales And Gains | 00:00:00 | ||
| Section 13 - Month 2 - Enter Purchase Order, Sales Receipt 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 14 - Month 2 - Invoice From Billable Item, 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 15 - Month 2 - Invoicing For Hourly Service | |||
| 8320 Bill For Hourly Services of Staff Enter Billable Time | 00:00:00 | ||
| 8322 Create Invoices Using Billable Time Receive Payment And Make Deposit | 00:00:00 | ||
| Section 16 - Month 2 - Invoicing For Rental Income With Advanced Customer Deposit | |||
| 8340 Rental Income Set Up Service Items | 00:00:00 | ||
| 8342 Rental Income Estimate And Customer Deposit | 00:00:00 | ||
| 8344 Rental Income Invoice, Receive Payment, And Deposit | 00:00:00 | ||
| Section 17 - Month 2 - Purchase And Finance Equipment And Recategorize Fixed Assets | |||
| 8360 Purchase And Finance Equipment | 00:00:00 | ||
| 8362 Sub-Accounts Categories For Fixed Assets | 00:00:00 | ||
| Section 18 - 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 19 - Month 2 - Enter Payroll And Pay Payroll Tax For Prior Period | |||
| 8380 Enter Payroll For Second Month | 00:00:00 | ||
| 8381 Enter Payroll For Second Month Adjustment | 00:00:00 | ||
| 8385 Pay Payroll Taxes | 00:00:00 | ||
| Section 20 - Month 2 - Generate Month End Reports And Review Work | |||
| 8420 Create Reports After Second Month of Data Input | 00:00:00 | ||
| 8421 Reports-Month Two-Save As PDF, Export To Excel, And Management Report | 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 Online 2023
This course is the second in a series of classes covering QuickBooks Online 2023; comprehensively.
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 new company file in QuickBooks Online.
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 | |||
| 6010 Comprehensive Problem Introduction | 00:00:00 | ||
| 6040 Free 30-Day Trial Set Up | 00:00:00 | ||
| 6060 Navigation Overview And Company Settings | 00:00:00 | ||
| Section 2 - Company Preferences | |||
| 6080 Account And Settings Billing And Subscription, Usage, And Sales Tabs | 00:00:00 | ||
| 6100 Account And Settings Expenses, Payments, Time, And Advanced Tabs | 00:00:00 | ||
| 6120 Manage Users | 00:00:00 | ||
| 6140 QuickBooks Labs Dark Mode | 00:00:00 | ||
| Section 3 - Adding Service Items And Inventory Items | |||
| 6240 Entering Beginning Balances, Customers, Vendors, And Items Overview | 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 | ||
| 7020 Deposits, Owner Investment And Loan | 00:00:00 | ||
| 6400 Adjust Opening Balances | 00:00:00 | ||
| 7040 Record Short-Term Investment In Stocks And Bonds | 00:00:00 | ||
| 6420 Payroll Set Up | 00:00:00 | ||
| 7043 Record Purchase Of Fixed Asset Or Depreciable Assets | 00:00:00 | ||
| 6440 Generate Reports After Entering Beginning Balances | 00:00:00 | ||
| Section 7 - Month 1- Enter Purchase Order And Enter Check Or Expense Form From PO | |||
| 7060 Enter Purchase Order | 00:00:00 | ||
| 7080 Cash Payment For Inventory Linked To Purchase Order | 00:00:00 | ||
| 7083 Transaction Correction | 00:00:00 | ||
| Section 8 - Month 1 - Enter Invoice, Sales Receipt And Deposit | |||
| 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 To Checking Account From Payment To Deposit Or Undeposited Funds | 00:00:00 | ||
| Section 9 - Month 1 - Enter Invoice, Receive Payment And Bill | |||
| 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 10 - Month 1 - Create Customer Job, Pay Employees And Create Sales Receipt For Job | |||
| 7260 Jobs, Sub Customers, And Projects | 00:00:00 | ||
| 7280 Pay Employees | 00:00:00 | ||
| 7282 Payroll Settings And Account Mapping | 00:00:00 | ||
| 7281 Payroll Adjustment | 00:00:00 | ||
| 7300 Enter Billable Time, Add to Invoice, And Apply To Job Or Project | 00:00:00 | ||
| Section 11 - Month 1 Reports | |||
| 7320 Month One Reports | 00:00:00 | ||
| 7325 Bundle Month One Reports For A Client | 00:00:00 | ||
| Section 12 - Month 2 - Enter Loan Payments, Create Amortization Tables And Investments | |||
| 8020 Make Amortization Table | 00:00:00 | ||
| 8022 Make Loan Payments | 00:00:00 | ||
| 8040 Short Term Investment Sales And Gains | 00:00:00 | ||
| Section 13 - Month 2 - Enter Purchase Order, Sales Receipt 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 14 - Month 2 - Invoice From Billable Item, 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 15 - Month 2 - Invoicing For Hourly Service | |||
| 8320 Bill For Hourly Services of Staff Enter Billable Time | 00:00:00 | ||
| 8322 Create Invoices Using Billable Time Receive Payment And Make Deposit | 00:00:00 | ||
| Section 16 - Month 2 - Invoicing For Rental Income With Advanced Customer Deposit | |||
| 8340 Rental Income Set Up Service Items | 00:00:00 | ||
| 8342 Rental Income Estimate And Customer Deposit | 00:00:00 | ||
| 8344 Rental Income Invoice, Receive Payment, And Deposit | 00:00:00 | ||
| Section 17 - Month 2 - Purchase And Finance Equipment And Recategorize Fixed Assets | |||
| 8360 Purchase And Finance Equipment | 00:00:00 | ||
| 8362 Sub-Accounts Categories For Fixed Assets | 00:00:00 | ||
| Section 18 - 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 19 - Month 2 - Enter Payroll And Pay Payroll Tax For Prior Period | |||
| 8380 Enter Payroll For Second Month | 00:00:00 | ||
| 8381 Enter Payroll For Second Month Adjustment | 00:00:00 | ||
| 8385 Pay Payroll Taxes | 00:00:00 | ||
| Section 20 - Month 2 - Generate Month End Reports And Review Work | |||
| 8420 Create Reports After Second Month of Data Input | 00:00:00 | ||
| 8421 Reports-Month Two-Save As PDF, Export To Excel, And Management Report | 00:00:00 | ||
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