QuickBooks Online Essential Training

Introduction

• Manage your business finances online
• Is QuickBooks Online right for your business?
• Which online edition should you choose?
• What is double-entry accounting?
• How to use the exercise files

1. Get Started

• Tour the interface
• Add company information in QuickBooks Online
• Work with the chart of accounts
• Create bank accounts and credit cards
• Use account numbers
• Set up sales tax
• Add services
• Create noninventory products
• Add inventory products
• Import inventory
• Bundle several items sold as a group
• Edit company information

2. Set Up Customers, Vendors, and Employees

• Set up lists
• Create and edit customers
• Create and edit vendors
• Import customers and vendors
• Create projects
• Add and edit users

3. Day-to-Day Operations

• Create estimates
• Record purchase orders
• Record vendor bills
• Record customer invoices
• Invoice customers for progress
• Record billable expenses and mileage
• Enter time worked
• Process a batch of transactions
• Receive payments
• Create sales receipts for cash sales
• View reminders for overdue invoices
• Send statements to customers
• Job costing with projects

4. Work with Bank Accounts

• Work with account registers manually
• Record credit card charges
• Record bank deposits
• Pay vendor bills
• Print checks
• Set up accounts for online banking
• Set up bank rules
• Process downloaded online transactions
• Reconcile bank accounts

5. Handle Special Cases

• Issue refunds
• Handle customer credits
• Record vendor credits and refunds
• Void transactions
• Apply discounts
• Work with online price rules
• Make items inactive
• Assess late fees and finance charges
• Automate recurring transactions

6. Other Financial Tasks

• Pay sales tax
• Record depreciation
• Track and reorder inventory
• Record inventory adjustments

7. Review Financial Information

• Review financial info in the dashboard
• Use tags to categorize your finances
• Search for information
• Run reports
• Customize and memorize reports

Conclusion

• Next steps