Study financial institution feeds and how you can use them from a training CPA (licensed public accountant)
What you’ll be taught
The way to arrange financial institution feeds for each financial institution accounts and bank card accounts
The way to arrange QuickBooks On-line and stand up and working
The way to add transactions and assign correct normal ledger accounts to them
The way to do financial institution reconciliations
Perceive the distinction between a financial institution reconciliation when utilizing a money foundation and accrual foundation
Generate studies and analyze studies after information has been entered utilizing financial institution feeds
Document transactions from two accounts that use financial institution feeds like a bank card account and a checking account
The way to create totally different sorts of financial institution feed guidelines to make information enter even quicker
Description
This course will soar proper into financial institution feeds and how you can use them.
Most QuickBooks programs will spend quite a lot of time speaking about how a full-service accounting system works utilizing QuickBooks. We do suggest spending time studying the total accounting course of, and we do have a course that does this.
Nonetheless, many small companies need to get proper all the way down to information enter as quick as doable, and others have already got understanding of the system and need to focus particularly on financial institution feeds.
This course will do exactly that.
For instance, some small companies could also be completely blissful utilizing a money foundation system and can, subsequently, not want among the capabilities utilized in a full accounting cycle. Companies that use a money foundation mannequin can construction their information enter to be way more closely depending on the financial institution and financial institution feed information.
We’ll focus on sorts of companies that match effectively right into a money foundation mannequin as we work via the apply issues. We can even focus on some downside areas many companies have and how you can arrange a system that works.
This course will work via a apply downside and can present take a look at information that learners can use of their system to observe alongside in the event that they select.
One impediment to studying financial institution feeds is entry to a clear QuickBooks file to apply with. Listed below are some choices you need to use together with this course:
Intuit (the proprietor of QuickBooks) gives a free take a look at drive accessible to anyone. You will discover it by looking in your favourite browser (QuickBooks Take a look at Drive).
Intuit usually gives (nearly at all times) a 30 day low cost interval. You need to use the 30 days to apply by beginning the 30-day trial, training with the information we offer within the course, after which canceling after the 30 days.
Intuit additionally gives reductions or a free model for college students and educators.
Verify along with your accountant or CPA agency, and they can present a reduction on QuickBooks On-line
Content material
Introduction
Getting Set Up
Month One – Arrange Financial institution Feeds
Month One – Add Transactions from Financial institution Feeds
Month One – Financial institution Reconciliation
Month One – Examine Money foundation to Accrual Foundation Utilizing Financial institution Feeds
Month Two – Add Financial institution Transactions
Month Two – Add Transactions from Financial institution Feeds
Month Two – Financial institution Reconciliation
Month Two – Analyze Reviews
Credit score Card Financial institution Feeds
Financial institution Feed Guidelines
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