QuickBooks Online vs QuickBooks Desktop 6.50 Adjusted Beginn

We will adjust the beggining balances for new accounts in both QuickBooks Online and QuickBooks Desktop. When setting up opening balances we often need to adjust the equity section due to the way QuickBooks adjusts the books when entering the beginning balances

 

7.40 Part 1 Inventory Payment

We will record financial transactions related to inventory payment into a comprehensive Excel worksheet using debits and credit. We will first take a quick look at QuickBooks and then enter the accounting transaction into Excel using debits and credits. For more information about QuickBooks see our QuickBooks 2018 course. See the link below for more information about the online course. http://accountinginstruction.info/qui… For more information about accounting and Excel see our Accounting and Excel course. More information about the online course at the link below. http://accountinginstruction.info/fin… • Affiliate links ○ Microsoft Office 2016 (Affiliate) http://amzn.to/2CYi6LO ○ QuickBooks (Amazon Affiliate) http://amzn.to/2m14h7h ○ QuickBooks Online Plus (Amazon Affiliate) http://amzn.to/2CYRWsE

 

7.35 Deposit Part 1

We will record the deposit of cash or check received from a customer into the bank. We will first take a quick look at QuickBooks and then enter the financial transaction into Excel using debits and credits. For more information about QuickBooks see our QuickBooks 2018 course. See the link below for more information about the online course. http://accountinginstruction.info/qui… For more information about accounting and Excel see our Accounting and Excel course. More information about the online course at the link below. http://accountinginstruction.info/fin…

 

QuickBooks vs Excel 10.550 Unearned Revenue Reversing Entry

We will record the financial accounting reversing entry related to unearned revenue. We will first enter the reversing entry into Excel. We will then enter the accounting transaction into QuickBOoks. For more information about QuickBooks see our QuickBooks 2018 course. See the link below for more information about the online course. http://accountinginstruction.info/qui… For more information about accounting and Excel see our Accounting and Excel course. More information about the online course at the link below. http://accountinginstruction.info/fin…

10.65 Closing Process February u

We will enter journal entries related to the financial accounting closing process into a comprehensive Excel worksheet. We will first take a quick look at QUickBooks and then enter the financial accounting data into Excel using debits and credits. For more information about QuickBooks see our QuickBooks 2018 course. See the link below for more information about the online course. http://accountinginstruction.info/qui… For more information about accounting and Excel see our Accounting and Excel course. More information about the online course at the link below. http://accountinginstruction.info/fin…