QuickBooks - Business Accounting
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QuickBooks - Business Accounting
This course is part of Complete QuickBooks Training: Setup, Features, and Payroll Specialization
Included with
Recommended experience
Recommended experience
What you'll learn
Understand how to manage complex transactions like loans, vendor refunds, and bartering in QuickBooks Online.
Learn to apply cash and accrual accounting methods and adjust records in QuickBooks.
Master accrual-based adjustments and zero-dollar transactions for accurate financial reporting.
Become proficient in managing prepaid expenses, deferred revenue, and job costing in QuickBooks Online.
Skills you'll gain
Tools you'll learn
Details to know
April 2026
2 assignments
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There are 2 modules in this course
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A smarter way to learn with interactive, real-time conversations that help you test your knowledge, challenge assumptions, and deepen your understanding as you progress through the course. In this course, you’ll master the tricky situations and nuances involved in using QuickBooks for business accounting. Learn how to manage car loans, lines of credit, vendor refunds, bounced checks, and more. You'll become proficient in solving common challenges that small businesses face when managing their finances using QuickBooks Online. As you progress through the course, you’ll get hands-on experience in handling accrual bookkeeping, including how to apply cash vs. accrual accounting methods, adjust past periods, manage prepaid expenses, and record deferred revenue. By the end of this module, you’ll have a comprehensive understanding of accrual accounting principles and their application in QuickBooks. The course flows logically, building on practical examples to demonstrate how to manage financial transactions in QuickBooks and create accurate reports. Each lesson is packed with real-life scenarios like corporate credit card tracking, job costing, and overhead allocation to provide valuable skills you can immediately apply in your work environment. This course is ideal for small business owners, accountants, or anyone looking to learn QuickBooks Online to manage their company's finances. Basic knowledge of accounting principles is recommended, but no prior experience with QuickBooks is necessary. The course is beginner-friendly yet comprehensive enough for anyone looking to deepen their QuickBooks expertise. By the end of the course, you will be able to handle tricky financial situations in QuickBooks, manage both cash and accrual accounting, adjust financials for past periods, track job costs and overhead, and close equity accounts at year-end.
In this module, we will explore various tricky situations you may encounter in QuickBooks Online, such as handling car loans, customer credits, and bounced checks. You'll learn how to manage and track these scenarios effectively to ensure your records are accurate. Practical tips will also be provided to help you tackle complex transactions with ease.
What's included
14 videos1 reading
14 videos•Total 135 minutes
- Introduction•3 minutes
- Car Loans•14 minutes
- Making Loan Payments•8 minutes
- Lines of Credit•10 minutes
- Bartering•17 minutes
- Customers Bounced Checks•6 minutes
- Getting Reimbursed•9 minutes
- Bounced Your Checks•4 minutes
- Refunding Customer Credits•6 minutes
- Vendor Refunds for Goods•5 minutes
- Corporate Credit Cards•17 minutes
- Clearing Transfer Accounts•5 minutes
- Taking Deposits of Work to Be Performed•19 minutes
- Due to-From Accounts•12 minutes
1 reading•Total 10 minutes
- Introduction to the Course 'QuickBooks - Business Accounting'•10 minutes
In this module, we will dive into accrual bookkeeping within QuickBooks Online. You’ll gain a deep understanding of how accrual accounting differs from cash accounting, and how to manage adjustments, allocations, and deferred revenue. The module also covers how to handle job costing, payroll, and other key financial tasks efficiently.
What's included
17 videos1 reading2 assignments
17 videos•Total 144 minutes
- Introduction•7 minutes
- Cash vs Accrual Accounting•7 minutes
- Unapplied Cash Payment Income and Expense•6 minutes
- Cash Based- Adjusting Past Periods•9 minutes
- Accrual Based- Adjusting Past Periods•18 minutes
- Transaction Reallocation- Journal Entries•8 minutes
- Zero Dollar Transactions•3 minutes
- Prepaid Expenses- Accruals•16 minutes
- Deferred Revenue•9 minutes
- Allocations- Job Costing and Payroll•6 minutes
- Allocating Overhead•7 minutes
- Zero Dollar Sales Receipts•10 minutes
- Zero Dollar Checks for Inventory•4 minutes
- Zero Dollar Checks- Bartering•6 minutes
- Terminology Equity•8 minutes
- Bank of Bob•5 minutes
- Closing Equity at End of Year•15 minutes
1 reading•Total 10 minutes
- Conclusion to the Course 'QuickBooks - Business Accounting'•10 minutes
2 assignments•Total 75 minutes
- Full Course Practice Assessment•15 minutes
- Full Course Assessment•60 minutes
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Frequently asked questions
QuickBooks Business Accounting is a software tool designed to help small businesses manage their finances and accounting tasks. It offers solutions for handling transactions, managing expenses, generating financial reports, and simplifying bookkeeping tasks. Its relevance lies in its ability to streamline business finances and ensure accurate financial records, which is essential for business success and compliance.
This course focuses on teaching the ins and outs of QuickBooks Online, particularly for tackling tricky situations that businesses commonly face. It covers everything from managing car loans and lines of credit to handling bounced checks and refunds. The course also dives into accrual bookkeeping, allowing learners to understand how to manage transactions effectively using both cash and accrual accounting methods.
After completing this course, you will be able to effectively manage various business transactions in QuickBooks Online. You’ll be skilled in handling tricky situations like loan payments, customer bounced checks, vendor refunds, and more. Additionally, you'll have a strong understanding of accrual bookkeeping, including handling deferred revenue, prepaid expenses, and job costing.
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