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QuickBooks Desktop vs. Excel

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  • 37,710 Students
  • Updated 7/2023
4.5
(237 Ratings)
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Course Information

Registration period
Year-round Recruitment
Course Level
Study Mode
Duration
23 Hour(s) 47 Minute(s)
Language
English
Taught by
Robert (Bob) Steele
Rating
4.5
(237 Ratings)

Course Overview

QuickBooks Desktop vs. Excel

QuickBooks and Excel accounting cycle, reporting financial transaction to both QuickBooks and Excel compare and contrast

Welcome to our QuickBooks Desktop course, an expansive and thorough journey into the inner workings of QuickBooks Desktop Accounting Software and Excel. This course aims to provide an unrivaled 'under-the-hood' understanding of accounting software and processes, using Excel's transparent data input as a lens for comparison.

The first segment of our course is an in-depth tour of QuickBooks Dektop, a premier accounting software. We will walk you through the varied features of the software, unraveling the complexities of its interface and functionality. This involves an analysis of common data input forms within the context of distinct accounting cycles - the sales cycle, the expense cycle, and the payroll cycle. By drawing parallels with Excel, we aim to provide an intuitive understanding of these cycles, their interplay within the accounting environment, and how they relate to manual data input in Excel's journal entry format.

As we forge ahead into the second segment of the course, we shift our focus to practical application. This portion is centered around a comprehensive problem, where we simulate two months of data input in QuickBooks QuickBooks Desktop and simultaneously mirror these transactions in an Excel accounting worksheet. This approach allows you to get a hands-on experience of the nuances of accounting processes. You will dive head-first into transaction entries, adjustments, and closing entries in both QuickBooks Desktop and Excel, as well as perform bank reconciliations - an essential task for any accountant.

By the time you complete this course, you will be well-versed in the functional aspects of QuickBooks Desktop Accounting Software, and understand how it stacks up against the manual data input process in Excel. Most importantly, you will acquire a set of skills that will allow you to effectively use both platforms for various accounting tasks, putting you in a strong position to manage real-world accounting scenarios.

This course is designed to provide more than just knowledge - it is about gaining practical experience, understanding the why behind the processes, and empowering you to leverage these powerful tools in your accounting journey.

If you're ready to take a deep dive into the world of accounting software, crack open the complexities of transactions, and explore the intricacies of QuickBooks Desktop and Excel, this course is just a click away. Begin your journey towards mastering the modern accounting landscape today!

Course Content

  • 67 section(s)
  • 564 lecture(s)
  • Section 1 Getting Started - QuickBooks Desktop 2023
  • Section 2 Excel - Setup Worksheet
  • Section 3 Open Practice File-Review Home Page & Accounting Cycles 2023
  • Section 4 Vendor Cycle, Purchases Cycle, or Accounts Payable Cycle 2023
  • Section 5 Excel-Vendor Cycle, Purchases Cycle, or Accounts Payable Cycle Transactions
  • Section 6 Customer Cycle, Sales Cycle, or Accounts Receivable Cycle 2023
  • Section 7 Excel-Customer Cycle, Sales Cycle, or Accounts Receivable Cycle Transactions
  • Section 8 Other Home Page Items, Shortcuts, & Customizing Shortcuts 2023
  • Section 9 Employee Cycle - Payroll Cycle 2023
  • Section 10 Excel-Employee Cycle-Payroll Cycle Transactions
  • Section 11 List - Chat of Accounts & Items List 2023
  • Section 12 Help/Support, Reports Overview, & Backing Up Data File 2023
  • Section 13 Balance Sheet Reports 2023
  • Section 14 Income Statement - Profit & Loss Reports 2023
  • Section 15 Statement of Cash Flows & Supplemental Reports 2023
  • Section 16 Start a New Company File in QuickBooks Pro 2023
  • Section 17 Excel-Create Worksheet for New Company Accounting Transactions
  • Section 18 Company Preferences
  • Section 19 Adding Service Items & Inventory Items
  • Section 20 Excel-Adding Inventory Items & Related Inventory Account Balances
  • Section 21 Sales Tax Setup, Add Customers, & Add Vendors
  • Section 22 Excel-Add Customers, Add Vendors, & AR & AP Beginning Balances
  • Section 23 Opening Balances, Adjustments to Equity, & Manual Payroll Setup
  • Section 24 Excel-Add Opening Account Balances
  • Section 25 Month 1-Record Owner Investment, Purchase of Fixed Asset & Investment 2023
  • Section 26 Excel-Month 1-Record Owner Investment, Purchase of Fixed Assets & Inventory
  • Section 27 Month 1-Enter Purchase Order & Enter Check or Expense Form from PO 2023
  • Section 28 Excel-Month 1-Enter Transactions for Purchase of Inventory
  • Section 29 Month 1 - Enter Invoice, Sales Receipt, & Deposits 2023
  • Section 30 Excel-Month 1-Enter Transactions for Sale of Inventory & Deposits
  • Section 31 Month 1-Enter Invoice, Receive Payment, Bill 2022
  • Section 32 Excel-Month 1-Enter Transaction for Sale of Inventory, Receive Payments, & Bill
  • Section 33 Month 1 - Create Customer Job, Pay Employees, & Create Sales Receipt for job
  • Section 34 Excel-Month 1-Transactions for Payroll & Create Sales Receipt
  • Section 35 Month One Reports
  • Section 36 Excel-Month 1-Create Financial Statements
  • Section 37 Month 2-Enter Loan Payments, Create Amortization Tables, & Investment 2022
  • Section 38 Excel-Month 2-Enter Loan Transaction, Create Amortization Table, & Investment
  • Section 39 Month 2 – Enter Purchase Order, Sales Receipt, Bill for Inventory
  • Section 40 Excel-Month 2-Enter Sale, Cash Received at Same Time & Bills for Inventory
  • Section 41 Month 2 – Invoice from Billable Item, Advanced Customer Deposit 2022
  • Section 42 Excel-Month 2-Invoices for Service Sales & Advanced Customer Deposit
  • Section 43 Month 2 – Invoicing for Hourly Service 2022
  • Section 44 Excel-Month 2-Transaction for Billable Time
  • Section 45 Month 2 – Invoicing for Rental Income with Advanced Customer Deposit 2023
  • Section 46 Excel-Month 2-Rental Income Transaction & Advanced Customer Deposit
  • Section 47 Month 2 – Purchase & Finance Equipment & Recategorize Fixed Assets 2022
  • Section 48 Excel-Month 2-Purchase & Finance Equipment
  • Section 49 Month 2 – Enter & Pay Month End Bills & Pay Sales Tax 2022
  • Section 50 Excel-Month 2-Enter & Pay Month End Bills & Pay Sales Tax
  • Section 51 Month 2 – Enter Payroll & Pay Payroll Tax for Prior Period 2022
  • Section 52 Excel- Enter-Month 2-Enter Payroll & Pay Payroll Tax for Prior Period
  • Section 53 Month 2 – Generate Month End Report & Review Work
  • Section 54 Excel-Month 2-Financial Statements
  • Section 55 Bank Reconciliations 2023
  • Section 56 Excel-Bank Reconciliation
  • Section 57 Adjusting & Reversing Entries 2023
  • Section 58 Excel-Adjusting Entries
  • Section 59 Budgeting 2023
  • Section 60 Bank Feeds 2023
  • Section 61 Introduction Prior Years
  • Section 62 Start a New Company File
  • Section 63 Accounting Concepts
  • Section 64 Enter Data for the First Month of Operations
  • Section 65 Enter Data for the Second Month of Operation
  • Section 66 Bank Reconciliations
  • Section 67 Adjusting Entries, Financial Statements, Closing Entries, and Reversing Entries

What You’ll Learn

  • Explore the core functionalities of QuickBooks Desktop and Excel for a variety of accounting tasks., Distinguish differences in data input and transaction handling between QuickBooks Desktop and Excel., Reconcile bank accounts in QuickBooks, Implement theoretical knowledge to carry out two months of data input in QuickBooks Desktop and Excel., Investigate the impacts of adjusting and closing entries in both QuickBooks Desktop and Excel., Assess the bank reconciliation process in both QuickBooks Desktop and Excel, and its outcomes., Design a streamlined workflow for managing accounting tasks across QuickBooks Desktop and Excel., Integrate acquired knowledge to optimize the use of QuickBooks Desktop and Excel in real-world accounting scenarios, Showcase proficiency in QuickBooks Desktop and Excel by resolving complex accounting problems., Devise strategies to maximize the advantages of both QuickBooks Desktop and Excel in accounting., Construct a comprehensive understanding of the sales, expense, and payroll cycles in both platforms., Evaluate the strengths and weaknesses of QuickBooks Desktop and Excel in diverse accounting scenarios.


Reviews

  • L
    Lakib Hossain
    5.0

    good

  • M
    Muhammad Soman Javed Ranjha
    4.5

    Good

  • K
    Kirankumar Parikh
    5.0

    Excellent Examples. Learnt Formetting of excel sheet very well to represnt financial statement.

  • S
    Shays Ahmed Khan
    5.0

    As an accountant, I have learned lot of knowledge and accounting terms through this video. Thanks and provide me more courses.

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