This course is 15 hours spread over 2 days. For both days, we will meet from 8:30am to 4:30pm with a 30-minute break.
The dates are Monday, July 28, and Tuesday, July 29.
Are you a wreck prepping records for your accountants? Is your bookkeeping a mess? Are you concerned your federal or state business taxes might have some accounting gaps? Are you afraid it is too hard to learn because you are so busy?
Once and for all QuickBooks is your answer. Get your books quickly in order and spend more time on your business than drowning from it.
The first 5 hours, we will concentrate on ACCOUNTING FUNDAMENTALS. The attendees will begin by learning the fundamentals of Accounting; terminology, GAAP, the four steps of the Accounting Cycle, an overview of major financial statements, and a discussion of financial ratios. At each step, the Accounting Fundamentals theory is interspersed with demonstrations of and direct comparison to the QuickBooks software. It will be complete with discussions of how financial software is effective in communicating quantitative business metrics to management, employees, partners, procurement and corporate contracts, strategic partners, and lenders.
The second 5 hours, the attendees will be trained on all steps of QUICKBOOKS SETUP. This will include the tutorial East Step Interview, setting up a company file, learning to do backups, and evaluating the scope of Preferences. The course will then continue on to setting up the relational databases in QuickBooks, beginning with the development of the Chart of Accounts, Item List, Fixed Asset List, Price Level Lists, Class Lists, and Vendor and Customer Lists. In addition, they will learn how to design templates with business logos for all business forms available in QuickBooks.
During the final 5 hours, by using the five main accounts of Assets, Liabilities, Equity, Income and Expenses, the attendees will learn the entire business processing of financial information, or TRANSACTIONAL QUICKBOOKS. We will start with accounts payables/vendors, issuing purchase orders, receiving inventory and paying bills. Students will learn the importance of maintaining an accounts payables tracking of their business and scheduling out their payables in advance. We will learn accounts receivables processing; how to issue estimates and communicating through an analysis of pricing with their customers. Next will be issuing invoices, receiving payments, deposit processing and bank/credit card reconciliation. Attendees will learn the importance of tracking and controlling an accounts receivables schedule. In addition, there will be a discussion of the latest integration techniques and capabilities to facilitate your business operations. These tools are available by using the QuickBooks files online through your business bank account to bill pay, bank reconciliation, download of merchant services and payroll. Also, we will cover how to download and process your Business Credit Card expenses online. In the final stage of the training, the students will be given an overview about the full complement of reports available through the development of databases in QuickBooks.
Questions are encouraged during the lecture, and you will be working in a computer lab for hands-on learning. You can attend this course as a for-profit or non-profit small business, and our instructor will make certain to cover the course in a way that meets your specific needs and focus. You will be given a binder containing copies of the class materials, and we encourage you to use these documents as checklists and guidelines for using QuickBooks.
Instructor: Carla Fallone - CEO of Fallone Business Resources, adjunct professor for College of New Jersey, QuickBooks instructor for 10 years, entrepreneur for 23 years, and founder of highly successful food services corporation.