Mastering QuickBooks Learning Accounting Basics

                 To become a confident QuickBooks user,
                 you must know the basics of accounting!

  Accounting is not as confusing or mysterious as it might appear…once you get the
  knowledge! In this comprehensive course, you get a crash course in the accounting you
  must know to use QuickBooks. You learn accounting principles, how to analyze and review
  your numbers, what accounting tasks you need to perform (and when), and how to work
  with your accountant. Master the fundamentals of accounting and become a confident
  QuickBooks user in this 1-day, self-paced QuickBooks training course.

  Here’s what you get with Learning Accounting Basics!

• 5 hours of comprehensive training (1 full days worth)



• 15 additional, value-added resources (such as task checklists, keyboard shortcuts, and record-keeping requirements)



• QuickLearn lets you practice what you learn…while you learn



• QuickSearch lets you learn only what you need to know



• 7 hours of CPE



    The quickest and easiest way to learn
              accounting…guaranteed!

  Here’s what you learn in Learning Accounting Basics

  Accounting Basics

• Definition of Accounting from a small business perspective
• Explanation of why you need accounting
• Financial statements…what are they?
• What is an account?
• Double entry accounting and how it applies to QuickBooks
• Debits and credits…the essence of accounting

  Accounting Principles

• Intro to accounting principles…the foundation of accounting
• Reporting principle
• Reliability principle
• Comparability principle
• Cost principle
• Revenue principle
• Matching principle
• Applying the principles

  Accounting Basics in QuickBooks

• The balance sheet and profit & loss statement
• Working with account types
• Setting up the chart of accounts
• Management reporting vs. financial reporting
• Working with subaccounts
• Techniques to review account detail
• Understanding debits/credits in common QuickBooks transactions (checks, invoices, payments, deposits, bills, bill payments, and journal entries)

  Reviewing Numbers for Accuracy

• Basic review techniques
• Using QuickZoom as an investigative tool
• Reconciling accounts to external documentation
• Verifying numbers on key reports
• Checking balances for accounts receivable, accounts payable, and inventory

  Analyzing and Interpreting Data

• Basic financial interpretations
• Analyzing business trends
• Interpreting variable expenses
• Understanding and using key financial ratios (current ratio, return on equity, gross profit margin, and net profit margin)

  The Accounting Cycle (who does what and when?)

• What is the accounting cycle and why is it important?
• Daily accounting tasks
• Weekly accounting tasks
• Pay period accounting tasks
• Monthly accounting tasks
• Quarterly accounting tasks
• Annual accounting tasks
• Key tasks within each cycle demonstrated in QuickBooks
• Closing the books
• Restricting access to closed periods

  Working with Your Accountant

• Speaking the same language as your accountant!
• Creating a client/accountant agreement
• Methods for getting information to your accountant
• Accountant's Copy Process
• Special reports for your accountant (journal report, general ledger, transaction entry journal, and trial balance)

  More Accounting

• Using account numbers
• Setting up classes to segment financial statements
• Budgeting and planning in QuickBooks
• Cash vs. accrual accounting
• Understanding and using retained earnings
• Year-end closing entries
• Finding prior year changes

  Also Includes These Valuable Resources:

• A glossary of accounting terms so you can finally understand your accountant!
• A QuickBooks keyboard shortcuts list - to save time
• A summary of account types and which financial statements they flow to
• A Debits and Credits "Cheat Sheet" - no need to memorize how they work!
• A list of financial ratios and how they are calculated
• A sample tax calendar so you know when various tax forms and payments are due
• A list of record-keeping requirements (as suggested by IRS)
• A periodic activities checklist (so important accounting tasks are not overlooked)
• A year-end closing checklist
• A step-by-step summary of the techniques used to exchange data with your accountant
• Help creating a client/accountant agreement, and assigning responsibilities
• A backup log you can use to schedule and monitor timely backups

  And much more!

  Real Customers…Real Words…Real World Training’s
  Learning Accounting Basics

  Fantastic course. Learned many things. Excellent instructional dvd that would help
  anyone understand accounting basics.
  A Horgan

  Thanks for the training - I did not know very much at all about accounting and after the
  training; I now understand the basics well.
  I am not an accountant, but understand the roles and functions much better now.
  M. Proctor

  It was a great review on accounting procedures that I don't use on a regular basis. Also, the
  course has given me valuable tips and shortcuts.
  N. Dial

  The instructor was extremely knowledgeable, and quite funny and never boring. I didn't
  know what I didn't know until now. I have taken a great interest in QuickBooks and I think
  Basic Accounting training should be a MUST for everyone before they even begin working
  with an accounting software.
  Nancy

  Course is great, and makes the accounting process so much easier.
  A. Evans

  I didn't understand accounting in college and majored in Data Processing; but this course
  gave principles Accounting I&II new light to accounting and its books at less money and
  time of a college course. IT'S EXCELLENT.
  T. Cawley

  Great overall tool for accounting. Easy for non-accountants to understand and use.
  F. Henley

  The course is very informative for someone with no scholastic training in accounting.
  P. Holmes