課程資料
課程簡介
Learn How To Record Spending For Non-Business Transactions And Record Personal Funds Spent For Business Reasons
Business Owners MUST withdraw money from their company to live. They Must Invest their own personal money to create the business. Very often they must spend business money from non-business accounts or pay non- business personal expenses from the business bank account. These transactions are normal! You will learn how any company would record them in to QuickBooks.
In this QuickBooks Desktop Course, you will learn and master every idea that relates to owner’s equity and transactions that involve owner’s equity accounts. QuickBooks will create these equity accounts in the chart of accounts. You will understand the meaning and reason for each of them.
You will finally get a clear explanation about “opening balance equity” and “retained earnings” and how they are used in QuickBooks.
You will also learn everything you need to know about “tax mapping” in QuickBooks. You will see how to change the company type as well as change the company tax form. The main focus of this course is to give the QuickBooks user an understanding of how to record transactions where the owner spends from his or her personal funds for business reasons or spends business funds for non- business reasons. You will also have a clear understanding of retained earnings and how it behaves in QuickBooks regarding the fiscal year end. It is easy and clear to do all of these things after taking this course.
You will know the meaning of every different Company Type available in the QuickBooks Desktop set up. You will learn what each different equity type of account in QuickBooks, as well as general accounting, is used.
The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise solutions.
I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course!
-Mark
課程章節
- 2 個章節
- 13 堂課
- 第 1 章 Introduction
- 第 2 章 Bonus Section
課程內容
- Record Transaction Where The Owner Pays Business Expenses From Personal Funds, Record Transaction Where The Owner Pays Non- Business Expenses From The Business Bank Account, Record Withdrawls Of Cash, And Non-Cash Assets From The Business For Personal Home Use, Record Investment Of Cash, And Non-Cash Assets In To The Business From The Owner, Identify Retained Earnings And What It Represents, Record Distribution Of Partnership Income Into The Equity Accounts, Change The Fiscal Year In The Company File, Change The Company Tax Form In The Quickbooks File, Map Accounts To Lines In The Company Annual Federal Income Tax Form
此課程所涵蓋的技能
評價
-
EElizabeth Kaplan
Mr. Smolen is an excellent instructor. I have taken several of his courses, and I have learned an immense amount in every one of them. I feel very confident in using QBO for starting up my new online store.
-
EEnas Ibrahim Ali
Love the way you explained the accounting equation.
-
SStephanie Riley
There are so many typos that it was supremely distracting
-
LLisa
It's a pretty good match for what I was looking for in regards to Owner's Equity and Retained Earnings