Quickbooks Training Classes

Whether you are needing QuickBooks 101 or a more advanced class, QuickInside has a class that’s right for you. Compare the following descriptions of material covered in order to

The Basic Training Class takes place over two days. You can expect to cover the following material:

Day 1:

1.	Accounting Basics
		Key principles of accounting

	Debits and credits

	Cash vs accrual basis

2.	Introduction to QuickBooks
		QuickBooks Overview

	Selecting the right version

	Converting from Quicken

3.	Setting up a company
		EZ Step Interview

	Chart of Account

	Importing Lists

4.	Petty Cash
		Establishing

	Using

	Replenishing

5.	Bank Accounts
		Writing checks

	Making deposits

	Recording other transactions

6.	Credit Cards
		Setting up

	Recording charges

	Paying the credit card

7.	Accounts Receivable and Sales
		Set up customers

	Create invoices

	Receive payments

8.	Inventory/Cost of Goods Sold
		Create inventory items

	Increase inventory

	Decrease inventory

9.	Fixed Assets and Depreciation
		Record purchase of fixed assets

	Record depreciation

	Record disposition of asset

10.	Other Assets
		Recording other assets

	Amortizing other assets

	Clearing other assets

11.	Accounts Payable/Vendors and Expenses
		Entering and paying bills

	Discounts/Credits

	Setting up sales taxes

12.	Long Term Liabilities and Interest Expense
		Recording notes and lines of credit

	Recording principal payments

	Recording interest payments

13.	Owner’s Equity
		Owner Investments

	Owner Withdrawals

Retained Earnings

Basic

Welcome

Welcome to the first issue of QuickInside’s monthly newsletter. Allow me to introduce myself and our company.

For the past 34 years, I have served in the capacity of Comptroller, Finance Officer, Staff Accountant, owner, and QuickBooks Advanced ProAdvisor. Although I am not a CPA, through the years I have seen the evolution of financial record keeping, from the multi-column journals and huge storage binders to user-friendly, web-based software.

Even though accounting software programs like QuickBooks were introduced many years ago, widespread use of this program has increased dramatically in recent years. Small and medium sized businesses are now able to record day-to-day activities with ease and maintain accurate account balances. With these records available to them on-site, they are able to make business decisions quickly and keep up with market demands.

QuickInside was founded for the purpose of getting businesses started on the right track when it comes to setting up their financial records. Our desire is that all businesses strive for excellence in the area of financial record keeping on-site. With a better understanding of accounting principles and terminology, business owners are able to communicate with their accountants. With excellent financial records, the business and the accountant are in a more advantageous position to make sound financial decisions.

Installing and setting up a chart of accounts is a snap with QuickBooks. A business can be writing checks and invoices within minutes of setting up. However, in order to maximize the full potential of the program, I have found that it is very helpful and necessary to have some basic knowledge of accounting principles. Since many users do not have time to “read the book,” an investment into some instruction now on how to best use the program can save much valuable time later.

We offer two-day seminars that include an introduction to accounting principles and a hands-on experience in each area of QuickBooks. The final portion of the class is spent on how businesses and accountants can work together and communicate better.

Please contact me if you or your clients would benefit from my services. I am a Certified QuickBooks Advanced ProAdvisor teaching in a classroom-type setting. Participants are provided with computers for a hands-on learning experience. I am also available to make on-site visits. I thank you and look forward to keeping in touch with you in the future.

10 Mistakes Every New Business Should Avoid

Not creating a written business plan.

Ignoring the internet.

Inconsistent branding of your new business.

Insufficient funding or lack of credit options to get funding.

Picking the wrong business structure (LLC, INC., LLP).

No financial reporting.

Giving credit to customers without proper credit checks.

Poor pricing and cost estimating.

Insufficient financial management skills.

Poor hiring practices.

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© 2004 Intuit Inc. All rights reserved. Intuit, the Intuit logo, and QuickBooks, among others, are registered trademarks and/or service marks of Intuit Inc. Other parties’ trademarks or service marks are the property of their respective owners.

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Dealing with QuickBooks Retained Earnings

QuickBooks deals with Retained Earnings in a very unique way. In QuickBooks, Retained Earnings is calculated on prior year profit and loss transactions. It is recalculated any time you run financial statements. If you look at the Chart of Accounts, you will not see a balance in Retained Earnings. If you double click on Retained Earnings in the Chart of Accounts, you get an Account Quick Report, not an Account Register as you do on any other account. The only transactions displayed in the Quick Report will be the end of year closing entries.

If your client makes an entry in a prior period, it will change the balance in Retained Earnings. Since Retained Earnings does not produce an Account Register, you are not able to see what changed the balance. Read more