QuickBooks Online for New Business Owners

  • Course provided by Udemy
  • Study type: Online
  • Starts: Anytime
  • Price: See latest price on Udemy
Udemy

Course Description

This course focuses on the recommended features and best practices for new business owners using QuickBooks Online and was created by an experienced CPA, tax accountant, and QBO user. This course is intended for small business owners that do not have a background in accounting. This is a step-by-step guide that starts from scratch by choosing a QBO plan and covers connecting bank feeds to import transactions, categorizing transactions, and running reports that can be used to review the performance of your business, make informed decisions, and aid in filing tax returns.

This course dives in to using QuickBooks Online just as you will do for your business. I will walk you through connecting the bank feeds for the business checking & credit cards and actually recording transactions. In this course, I go over dozens of common transactions where I explain what they are for and show you how to categorize the transactions, including creating bank rules to automate recording transactions.

This course offers an optional section where I provide info on the basics of accounting to give you a foundation you can build upon that helps explain how we will be recording transactions in this course and the results you will end up with.

This course provides general information that is intended to be widely applicable to small business owners. Not all of this information will be applicable to your unique situation. This course is not a replacement for an accountant or an attorney. I highly recommend you consult with an experienced accountant and attorney before forming your business and throughout the life of your business.

Who this course is for:

  • New Business Owners interested in Tracking their Financials

Expected Outcomes

  1. QuickBooks Online for Small Businesses Bookkeeping Requirements Basic Computer Proficiency Description This course focuses on the recommended features and best practices for new business owners using QuickBooks Online and was created by an experienced CPA, tax accountant, and QBO user. This course is intended for small business owners that do not have a background in accounting. This is a step-by-step guide that starts from scratch by choosing a QBO plan and covers connecting bank feeds to import transactions, categorizing transactions, and running reports that can be used to review the performance of your business, make informed decisions, and aid in filing tax returns. This course dives in to using QuickBooks Online just as you will do for your business. I will walk you through connecting the bank feeds for the business checking & credit cards and actually recording transactions. In this course, I go over dozens of common transactions where I explain what they are for and show you how to categorize the transactions, including creating bank rules to automate recording transactions. This course offers an optional section where I provide info on the basics of accounting to give you a foundation you can build upon that helps explain how we will be recording transactions in this course and the results you will end up with. This course provides general information that is intended to be widely applicable to small business owners. Not all of this information will be applicable to your unique situation. This course is not a replacement for an accountant or an attorney. I highly recommend you consult with an experienced accountant and attorney before forming your business and throughout the life of your business. Who this course is for: New Business Owners interested in Tracking their Financials Show more Show less Course content 7 sections • 53 lectures • 1h 33m total length Expand all sections Introduction 2 lectures • 5min About this Course Preview 02:50 Quick Preview of Recording a Transaction Preview 01:41 Getting Started 3 lectures • 10min Choosing a QBO Plan Preview 02:08 Setup Guide 04:08 Importing Transactions Beyond Bank Feed Limits 03:23 Basics of Accounting 4 lectures • 6min Intro to Basics of Accounting 00:12 Accounting Methods used in this Course Preview 03:22 Profit & Loss Report 01:06 Balance Sheet 01:10 Categorizing Transactions 29 lectures • 34min Intro to Categorizing Transactions 01:00 Security Deposits 02:06 Telephone Expense (Monthly Service) 01:02 Using Rules 01:52 Internet Access 01:02 Entertainment Expenses 01:06 Utilities - Electric 00:39 Office Rent 00:49 Website Expenses 01:02 Health Insurance 00:42 Software Subscriptions 02:02 Credit Card Payments 03:12 Meals & Renaming Accounts 02:11 Deposits of Income 01:21 Vehicle Expenses - Gas 00:24 Business Travel - Airfare & Lodging 00:43 Office Expense - Furniture Under $2,500 01:13 Dues & Subscriptions - Professional Memberships 00:49 Legal & Professional Fees 00:29 Vehicle Purchase - Fixed Assets 03:01 Non-Deductible Expenses - Parking & Speeding Tickets 01:15 Loan Payments - Interest & Principal 01:28 Charitable Donations 00:41 Insurance (Other than Health) 00:18 State Taxes - Personal Property Taxes & Annual Fees 00:41 Capital Contributions from Owners 00:17 Parking & Tolls 00:33 Postage & Shipping 00:49 Check Payments and Owner Draws/Distributions 01:02 Payroll 5 lectures • 19min Intro to Payroll Preview 00:51 Payroll Service Providers 04:40 Payroll Setup Recommendations 02:34 Categorizing Payroll Transactions from the Bank Feed Preview 04:34 Payroll Journal Entries 06:34 Bank Reconciliations 4 lectures • 9min Intro to Bank Reconciliations 00:36 Reconciling the Checking Account 05:39 Reconciling the Credit Card 01:19 Reconciliation Reports 01:00 Miscellaneous 6 lectures • 12min Printing Checks out of QuickBooks 05:25 Setting Reports to Default to Cash Basis 00:44 Managing Users & Inviting an Accountant 01:17 Business Expenses Paid from Personal Accounts 01:24 Recording Depreciation 02:32 End of Course 00:40 Instructor John Sutton CPA 4.3 Instructor Rating 30 Reviews 140 Students 2 Courses I am a CPA based in Bethesda, MD with over 10 years of experience helping individuals and small business owners throughout the United States in the areas of tax preparation, tax minimization & advice, bookkeeping, payroll, and business consulting. After 10 years of working as an employee, I'm excited to make the leap to become self-employed. I'm passionate about helping people navigate the complex areas of taxes and accounting. Show more Show less Udemy Business Teach on Udemy Get the app About us Contact us Careers Blog Help and Support Affiliate Impressum Kontakt Terms Privacy policy Cookie settings Sitemap © 2021 Udemy, Inc. window.handleCSSToggleButtonClick = function (event) { var target = event.currentTarget; var cssToggleId = target && target.dataset && target.dataset.cssToggleId; var input = cssToggleId && document.getElementById(cssToggleId); if (input) { if (input.dataset.type === 'checkbox') { input.dataset.checked = input.dataset.checked ? '' : 'checked'; } else { input.dataset.checked = input.dataset.allowToggle && input.dataset.checked ? '' : 'checked'; var radios = document.querySelectorAll('[name="' + input.dataset.name + '"]'); for (var i = 0; i (function(){window['__CF$cv$params']={r:'677bcd5eaa9406e9',m:'5e08a2486148acdab5b694a84a020b20c039e221-1627786681-1800-AS0w7TZShrV6NU6nQiKtI1fJisvIyNtEL37iLM79BR+BML8EPEUck5nQFkMkPvb/2Y+kPigorvZZ8wzeoCltRXqTKi1SmJIUYOXZ4qDkoTNU2Ao0GfbAcJOw3A/A053F1ihb+3dCbtoQVswLxBZnx7hv6GVd5s4+zlJn6Gc2Ru5Ku+KuiqP8QOHwjSzLjySXPA==',s:[0x5238cc0ebe,0x8e8e2a4e24],}})();
  2. Bookkeeping Requirements Basic Computer Proficiency Description This course focuses on the recommended features and best practices for new business owners using QuickBooks Online and was created by an experienced CPA, tax accountant, and QBO user. This course is intended for small business owners that do not have a background in accounting. This is a step-by-step guide that starts from scratch by choosing a QBO plan and covers connecting bank feeds to import transactions, categorizing transactions, and running reports that can be used to review the performance of your business, make informed decisions, and aid in filing tax returns. This course dives in to using QuickBooks Online just as you will do for your business. I will walk you through connecting the bank feeds for the business checking & credit cards and actually recording transactions. In this course, I go over dozens of common transactions where I explain what they are for and show you how to categorize the transactions, including creating bank rules to automate recording transactions. This course offers an optional section where I provide info on the basics of accounting to give you a foundation you can build upon that helps explain how we will be recording transactions in this course and the results you will end up with. This course provides general information that is intended to be widely applicable to small business owners. Not all of this information will be applicable to your unique situation. This course is not a replacement for an accountant or an attorney. I highly recommend you consult with an experienced accountant and attorney before forming your business and throughout the life of your business. Who this course is for: New Business Owners interested in Tracking their Financials Show more Show less Course content 7 sections • 53 lectures • 1h 33m total length Expand all sections Introduction 2 lectures • 5min About this Course Preview 02:50 Quick Preview of Recording a Transaction Preview 01:41 Getting Started 3 lectures • 10min Choosing a QBO Plan Preview 02:08 Setup Guide 04:08 Importing Transactions Beyond Bank Feed Limits 03:23 Basics of Accounting 4 lectures • 6min Intro to Basics of Accounting 00:12 Accounting Methods used in this Course Preview 03:22 Profit & Loss Report 01:06 Balance Sheet 01:10 Categorizing Transactions 29 lectures • 34min Intro to Categorizing Transactions 01:00 Security Deposits 02:06 Telephone Expense (Monthly Service) 01:02 Using Rules 01:52 Internet Access 01:02 Entertainment Expenses 01:06 Utilities - Electric 00:39 Office Rent 00:49 Website Expenses 01:02 Health Insurance 00:42 Software Subscriptions 02:02 Credit Card Payments 03:12 Meals & Renaming Accounts 02:11 Deposits of Income 01:21 Vehicle Expenses - Gas 00:24 Business Travel - Airfare & Lodging 00:43 Office Expense - Furniture Under $2,500 01:13 Dues & Subscriptions - Professional Memberships 00:49 Legal & Professional Fees 00:29 Vehicle Purchase - Fixed Assets 03:01 Non-Deductible Expenses - Parking & Speeding Tickets 01:15 Loan Payments - Interest & Principal 01:28 Charitable Donations 00:41 Insurance (Other than Health) 00:18 State Taxes - Personal Property Taxes & Annual Fees 00:41 Capital Contributions from Owners 00:17 Parking & Tolls 00:33 Postage & Shipping 00:49 Check Payments and Owner Draws/Distributions 01:02 Payroll 5 lectures • 19min Intro to Payroll Preview 00:51 Payroll Service Providers 04:40 Payroll Setup Recommendations 02:34 Categorizing Payroll Transactions from the Bank Feed Preview 04:34 Payroll Journal Entries 06:34 Bank Reconciliations 4 lectures • 9min Intro to Bank Reconciliations 00:36 Reconciling the Checking Account 05:39 Reconciling the Credit Card 01:19 Reconciliation Reports 01:00 Miscellaneous 6 lectures • 12min Printing Checks out of QuickBooks 05:25 Setting Reports to Default to Cash Basis 00:44 Managing Users & Inviting an Accountant 01:17 Business Expenses Paid from Personal Accounts 01:24 Recording Depreciation 02:32 End of Course 00:40 Instructor John Sutton CPA 4.3 Instructor Rating 30 Reviews 140 Students 2 Courses I am a CPA based in Bethesda, MD with over 10 years of experience helping individuals and small business owners throughout the United States in the areas of tax preparation, tax minimization & advice, bookkeeping, payroll, and business consulting. After 10 years of working as an employee, I'm excited to make the leap to become self-employed. I'm passionate about helping people navigate the complex areas of taxes and accounting. Show more Show less Udemy Business Teach on Udemy Get the app About us Contact us Careers Blog Help and Support Affiliate Impressum Kontakt Terms Privacy policy Cookie settings Sitemap © 2021 Udemy, Inc. window.handleCSSToggleButtonClick = function (event) { var target = event.currentTarget; var cssToggleId = target && target.dataset && target.dataset.cssToggleId; var input = cssToggleId && document.getElementById(cssToggleId); if (input) { if (input.dataset.type === 'checkbox') { input.dataset.checked = input.dataset.checked ? '' : 'checked'; } else { input.dataset.checked = input.dataset.allowToggle && input.dataset.checked ? '' : 'checked'; var radios = document.querySelectorAll('[name="' + input.dataset.name + '"]'); for (var i = 0; i (function(){window['__CF$cv$params']={r:'677bcd5eaa9406e9',m:'5e08a2486148acdab5b694a84a020b20c039e221-1627786681-1800-AS0w7TZShrV6NU6nQiKtI1fJisvIyNtEL37iLM79BR+BML8EPEUck5nQFkMkPvb/2Y+kPigorvZZ8wzeoCltRXqTKi1SmJIUYOXZ4qDkoTNU2Ao0GfbAcJOw3A/A053F1ihb+3dCbtoQVswLxBZnx7hv6GVd5s4+zlJn6Gc2Ru5Ku+KuiqP8QOHwjSzLjySXPA==',s:[0x5238cc0ebe,0x8e8e2a4e24],}})();