QuickBooks Online for Non-Accountants

In this class, we will cover:

• QBO Data Ownership and user management
• Where are the fraud loopholes?
• QB Payments - accessing, pulling reports, how deposits work
• Chart of accounts (COA) - understanding the different account types, red flags to look for, and how the COA can get you in trouble with the IRS
• One simple mistake that can make your Accounts Receivable balance AND sales go too high
• Taxes: Which expenses are only partially deductible, and which ones are 0% deductible.
• What the heck is Undeposited Funds?
• Very basic primer on double-entry accounting
• Recording payment of business expenses with personal funds
• Recording payment of personal expenses with business funds
• Banking or transactions screen - use rules to speed up transaction processing
• Correct way to record payroll tax payments
• Best way to store expense receipts and how long you must keep them
• Why reconciling accounts is a good idea (especially at tax time)
• Recurring transactions
• Apps.com - Extend the power of QBO
• Bring any other questions you have
• If time permits: Products and services list, customizing forms

Instructor:

• Intuit-Certified QuickBooks Online Advanced ProAdvisor
• Intuit-Certified QuickBooks Desktop ProAdvisor
• Owner, RocketCityTaxAccounting.com
• 20+ Years in Accounting/Bookkeeping
• Member, American Institute of Professional Bookkeepers
• Member, American Payroll Association
• Member, National Association of Tax Professionals
• Member, Madison Chamber of Commerce and BBB Serving North Alabama

Host or Publisher Rocket City Tax Accounting LLC