Course Code: qi4
Explore some great features that will allow you to easily work with not just one, but multiple company files. You’ll also learn how to move your file from one computer to another and send your file to your accountant. Then, learn how to set a closing date in your file so that no one can enter a transaction in the wrong period as well as create new users and limit those users to only the areas in which they work.
Explore how to add and edit multiple list items and how to create class items to further categorize transactions. You'll also discover how to enter inventory part items and how to combine these items to build inventory assemblies. Then, learn to use the Inventory Center in QuickBooks to quickly view inventory transactions, edit items, and produce some amazing reports.
Learn how to record and track discounts and credits you may earn from repeat vendors. You’ll also gain the skills you need to adjust your inventory balance should it get out of sync with your actual in-stock inventory. Then, learn how to create price levels either on a fixed percentage or on an item basis that you can assign to a particular customer. In addition, learn how to create discount items that you can use separately to track the total amount of discounts that you grant to your customers, and even how to use discounts to encourage your customers to pay an invoice early.
Learn how to enter this mileage and the rate the IRS allows for a deduction as well as how to create some great reports that you can use as support for your tax return. Then, learn how to create a statement charge directly to a customer's account. And if a customer is late to pay on an invoice, you'll also learn how to assess a finance charge and how to write the balance off the books if the customer ultimately fails to pay.
Learn how to utilize QuickBooks' batch invoicing features to create multiple invoices at the same time to send to any of your customers on your customer list. You'll also learn how to set up billing groups that you can use over and over again to send recurring invoices. Then learn how you can use QuickBooks to track petty cash amounts. In addition, you're going to learn how to enter the sales of gift cards and certificates.
Learn how to record an owner's infusion of capital into the business. You'll also learn how to record transactions where the owner withdraws money from the company's bank account. Finally, learn how to enter a long-term loan in which you use the proceeds of the loan to purchase an asset in your business. You’ll also dive into the planning and budgeting features built into QuickBooks.
Scott Paxton is a Certified Public Accountant and holds master's degrees in business administration and accounting. His background includes experience as a public accountant, a manager in the banking industry, an entrepreneur and a college business instructor. Paxton has also spent much of his career helping small business owners successfully implement and troubleshoot QuickBooks.
This course is designed for those QuickBooks users that already feel that they have a good grasp on the basics or have successfully completed Introduction to QuickBooks.
The instructional materials required for this course are included in enrollment and will be available online.
A new session of each course opens each month, allowing you to enroll whenever your busy schedule permits.
Once a course session starts, two lessons will be released each week for the six-week duration of your course. You will have access to all previously released lessons until the course ends.
The interactive discussion area for each lesson automatically closes two weeks after each lesson is released, so you’re encouraged to complete each lesson within two weeks of its release.
The final exam will be released on the same day as the last lesson. Once the final exam has been released, you will have two weeks plus 10 days (24 days total) to complete the final and finish any remaining lessons in your course. No further extensions can be provided beyond these 10 days.