QuickBooks Online Fundamentals

Getting Started with QuickBooks Online
· Introducing QuickBooks Online
· QuickBooks Online Subscriptions
· Mobile Devices
· Updates and the Ever-Evolving User Interface
· Security
· The Test Drive

Other Tools You’ll Need
· Navigating the User Interface
· The Gear Menu
· The Top-Right Navigation Tools
· The Help Menu
· The Navigation Bar
· Accounting—Behind the Scenes
· Generally Accepted Accounting Principles (GAAP)
· Accrual Basis vs. Cash Basis Accounting
· Account Types and Financial Reports

Setting Up a New Company File
· Planning and Creating Your Company File
· Start Date
· Setup Checklist—Elements of the Plan
· Customizing Your Company File
· The Chart of Accounts
· Products and Services
· Adding and Managing Users
· Opening Balances and Historical Transactions

Working with Customers
· The Sales Center
· Adding Customers and Sub-Customers
· Importing Customers from an Excel or CSV File
· Editing, Merging, and Making Customers Inactive
· Recording Sales Transactions
· Customizing Sales Forms Settings
· Creating Sales Receipts and Invoices
· Price Rules
· Receiving Customer Payments
· Recording a Bank Deposit
· Creating Customer and Sales Reports
· Correcting Errors

Working with Vendors
· The Expenses Center
· The Money Bar
· The Vendors List
· Adding Vendors
· Importing Vendor Data from an Excel or CSV File
· Editing, Merging, and Making Vendors Inactive
· Creating Vendor Transactions: Purchases and Expenses
· Customizing Expense Form Settings
· Creating Check, Expense, and Bill Records
· Managing Accounts Payable
· Accounts Payable Reports
· Other Vendor Reports
· Paying Bills

Banking and Credit Card Transactions
· Managing the Banking Center
· Setting Up and Using Bank Feeds
· Managing Bank Rules
· Other Banking Transactions
· Entering Debit and Credit Card Transactions
· Reconciling Accounts
· Bank Feeds
· Undeposited Funds
· Preparing Financial Reports

Tracking Inventory
· Enabling Tracking
· Entering Inventory
· Non-Inventory Products
· Inventory Adjustments

Purchase Orders
· Purchase Order Reports
· Receiving Inventory Against a Purchase Order
· Purchase Orders for Non-Inventory Products
· Adding an Expense to a Purchase Order Payment
· Purchasing a Product without a Purchase Order

Credits, Returns, Taxes and Refunds
· Vendor Credits/Returns
· Sales Tax
· Inventory and Non-Inventory Products
· Customer Returns and Credits
· Customer Refunds
· Inventory Reports

Working with Balance Sheet Accounts and Budgets
· Recording Other Current Assets
· Journal Entries and Recurring Transactions
· Fixed Assets and Long-Term Liabilities
· Transferring Funds Between Accounts
· Petty Cash
· Handling Uncollectible Receivables/Bad Debts
· Creating and Reviewing Budgets

Customizing, Fine-Tuning, and Extending Capabilities
· Customizing Reports
· Sending Reports
· Adding a Custom Field to Sales Forms
· Protecting Confidential Information
· Enabling Privacy Mode on the Dashboard
· Setting User Permissions
· Keyboard Shortcuts
· Extending Capabilities with Apps
· The QuickBooks Community

Staying on Track: The Accounting Cycle
· Generally Accepted Accounting Principles and the Accounting Cycle
· GAAP
· Class Tracking
· Location Tracking
· Accounting Cycle Steps
· Project Tracking
· Tags