Intuit QuickBooks is one of the leading accounting software packages available in the consumer market.
Intuit QuickBooks is one of the leading accounting software packages available in the consumer market. It is used by large and small businesses, schools, nonprofit organizations, and government entities to manage and track daily financial operations. One of the key functions of daily operations for any entity is invoicing customers to generate income.
Companies use QuickBooks to manage and track daily financial operations. In this course, the user will learn to manage customer interactions, manually enter bank data (without bank integrations), complete bank reconciliations, set up and track investment activity, track and calculate inventory, manage and track billable employee activity and expenses, and create templates for efficiency.
We’ll also be covering how to create invoices and apply invoice payments. Users will be learning the difference between an invoice and a sales receipt and about processing customer refunds. Companies that invoice their customers for employees’ activity and expenses will learn to do so using QuickBooks.
LEARNING OBJECTIVES
- Manage QuickBooks customer interactions
- Coordinate QuickBooks investment activity
- Manage activity in QuickBooks
Skills you’ll gain
Accounting SoftwareBank Account ManagementBookkeepingFinancial Data ManagementQuickBooks (Accounting Software)Quicken (Accounting Software)What You'll Learn
- Manage QuickBooks customer interactions, including creating invoices and applying invoice payments
- Record customer invoice payments and sales receipts, and distinguish an invoice from a sales receipt
- Process customer refunds and enter bank transactions manually without bank integrations
- Complete bank reconciliations and set up and track investment activity, purchases, and sales
- Set up inventory accounts, track inventory items, and calculate inventory and cost of goods sold
- Track billable employee activities and reimbursable expenses, bill customers for them, and create purchase order, sales receipt, and customer statement templates
Key Takeaways
- Intuit QuickBooks is a leading accounting software package used by large and small businesses, schools, nonprofit organizations, and government entities to manage and track daily financial operations.
- Invoicing customers to generate income is a key function of daily operations, and QuickBooks supports creating invoices and applying invoice payments.
- An invoice differs from a sales receipt, and QuickBooks can be used to process customer refunds.
- Bank data can be entered manually without bank integrations, and bank reconciliations can be completed in QuickBooks.
- Companies that invoice customers for employees' activity and expenses can track billable employee activity and expenses and create templates for efficiency.
Frequently Asked Questions
What does this QuickBooks Pro 2022 Intermediate course cover?
It covers managing customer interactions, manually entering bank data without bank integrations, completing bank reconciliations, setting up and tracking investment activity, tracking and calculating inventory, managing and tracking billable employee activity and expenses, and creating templates for efficiency. It also covers creating invoices, applying invoice payments, the difference between an invoice and a sales receipt, and processing customer refunds.
Who is this course for?
It is suited to those using QuickBooks to manage and track daily financial operations, including companies that invoice their customers for employees' activity and expenses. QuickBooks is used by large and small businesses, schools, nonprofit organizations, and government entities.
What skills will I gain from this course?
You will build skills in accounting software, bank account management, bookkeeping, financial data management, and QuickBooks and Quicken accounting software.
Will I learn to handle inventory and investments in this course?
Yes. The course teaches setting up and tracking investment activity, including investment purchases and sales, and covers setting up inventory accounts, tracking inventory items, and calculating inventory and cost of goods sold.
Transcript
The full transcript is available inside the lesson player once you start the course.
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