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QuickBooks

Exam Questions: 100
Course Level: Basic
Pages: 548 | Content: 530, Supplemental: 18
NASBA Area of Study: Computer Software and Applications
Not Acceptable for: Enrolled Agents
Version: 8205

This course will show you how to use QuickBooks to perform all of your accounting and payroll needs in one place. You'll discover the key features of QuickBooks, plus refresh your knowledge of the other basics of small business accounting. It will guide you through planning the perfect budget, simplifying tax returns, managing inventory, creating invoices, tracking costs, generating reports, and accurately checking off all of your financial tasks. PLEASE NOTE: Although this course is updated for QuickBooks, if you previously ordered or took course #8060: QuickBooks 2022 there are VERY few changes in the software or information and therefore we recommend that you DO NOT order or take this course in the same CPE reporting period. Computer program software is NOT included with courses. Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

COURSE NOTE: The QuickBooks material was written by a CPA to provide instruction for ALL individuals planning to use QuickBooks; and, therefore, some of the material will seem to be basic to the seasoned CPA. However, we believe the overall content is relevant to learning QuickBooks, whether you are using the information for your own business or to advise a client on his or her use of QuickBooks. Depending on the specific version of QuickBooks you are using, there may be slight cosmetic variances, however, the versions all work basically the same and you should be able to use the course for any of the program versions (Pro, Premier and/or Enterprise Solutions).

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Course Information

Table of Contents
  • GETTING READY TO USE QUICKBOOKS
  • Setting Up QuickBooks
  • Loading the Master File Lists
  • Fine-Tuning QuickBooks
  • BOOKKEEPING CHORES
  • Invoicing Customers
  • Paying Vendors
  • Tracking Inventory and items
  • Managing Cash and Bank Accounts
  • Paying Employees
  • ACCOUNTING CHORES
  • For Accountants Only
  • Preparing Financial Statements and Reports
  • Preparing a Budget
  • Using Activity-Based Costing
  • Setting Up Project and Job Costing Systems
  • FINANCIAL MANAGEMENT
  • Ratio Analysis
  • Economic Value Added Analysis
  • Capital Budgeting in a Nutshell
  • BUSINESS PLANS
  • Profit-Volume-Cost Analysis
  • Creating a Business Plan Forecast
  • Writing a Business Plan
  • CARE AND MAINTENANCE
  • Administering QuickBooks
  • Protecting Your Data
  • Troubleshooting
Objectives
  • To recall what the conversion date is
  • To identify the items that are optional when entering new customer information
  • To recognize the process that can be used to fine-tune a user's preferences during setup
  • To recall how to add a personal message to the bottom of an invoice
  • To identify the menu and commands used to create purchase orders
  • To recognize the feature that tracks and tallies all the products/services an individual sells
  • To recall the functions of QuickBooks banking tools
  • To identify the full-service payroll option available in QuickBooks
  • To recall the types of tasks that might require a journal entry in QuickBooks
  • To recall how QuickBooks displays negative values
  • To recognize the characteristics of various budgeting techniques
  • To recall the characteristics of activity-based accounting (ABC)
  • To recall how to set up a QuickBooks job in order to do job costing
  • To identify the "quick ratio"
  • To recall the simplest method for determining economic value added analysis (EVA)
  • To recognize the characteristics of capital budgeting
  • To recall where variable costs are located in QuickBooks
  • To recognize the item often referred to as a statement of operations
  • To recall how long a strategic plan should be
  • To recognize the characteristics of an adequate QuickBooks data file password
  • To identify where backup QuickBooks data files can be stored
  • To recall how to get help from Intuit when experiencing problems in QuickBooks

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.