Royalwise OWLS: Tricky Situations in QBO
(On-Demand Web-Based Learning Solutions)
Price: $111
Click to register:
There's always an exception to the rule. And there's always an exception to the exception!
It’s one thing to master routine bookkeeping techniques, but it’s completely something else to use QuickBooks for rare business transactions. Royalwise understands these tricky situations and has designed this course to make the complex simple and easy for you.
In this special QuickBooks® Online class, we’ll start with everyday business transactions like Loans and Lines of Credit. Then we’ll talk about more complex situations: How do you track Bartering to stay IRS-compliant? How do you book bounced checks, either your own or from a customer? What do you do when a daily credit card batch is negative? How do you process a Vendor refund when inventory is involved? We'll also explore Recurring Transactions and other time-saving Tips and Tricks.
If you've come across even a few of these tricky situations, it's time to sign up now and take this course so you that you'll gain the confidence that you are handling them correctly and efficiently.
In this class, you'll learn about:
- How to add situation-specific accounts to the Chart of Accounts
- How to manage a Line of Credit
- How to separate out Loan payments for principal, interest, and debt protection insurance
- How to process Bounced Checks, both your customers’ and your own
- How to track Bartering, so you can track your true income and your expenses even though no money has changed hands
- What to do when your daily credit card batch is negative
- How to process Vendor Refunds when they involve Products & Services
- How to memorize transactions, so the next time you don’t need to remember what you did last time
- Valuable tips and tricks to shave time off your daily tasks
After completing this course, you will be able to:
- Set up and manage loans and lines of credit
- Manage barter transactions
- Handle bounced checks
- Create complex customer and vendor refunds
- Manage corporate credit cards with subaccounts
- Use Prepaid Expenses to spread out large expenses over time
- Use QBO creatively in unusual situations
Instructional Level: Intermediate
Course Length: 2 hours
Course Credits: 2 CPE, Certificate of Completion
Field of Study: Computer Software & Applications
Delivery Method: QAS Self Study
Who should take this class?:
- Bookkeepers and Accountants with e-commerce clients.
- Business owners who take payments using PayPal, Square, and Etsy
- Prior QuickBooks® Online experience
Prerequisites:
- QuickBooks Online Bootcamp
- Banking Feed in QBO
- Reconciling in QBO
- 10 Best Practices for QBO
- QuickBooks Online Hacks
Advance Preparation: None
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