QuickBooks Online (QBO) Bookkeeping With Bank Feeds 2021
- Description
- Curriculum
- FAQ
- Reviews
This course is a project based course that will dive into bank feeds in detail using a step by step process.
We will start by setting up a free 30 day trial QuickBooks Online QBO file for the practice problem. Intuit, the owner of QuickBooks Online QBO, often offers a free 30 day trial period, a great tool for practice.
The course will demonstrate how to link QuickBooks Online QBO to the bank to receive bank data directly from the bank. We will also discuss the situations when you may want to download banking data from the bank and upload it to QuickBooks Online QBO.
Learners will follow along as we import bank data into the accounting software where it will be held in, what we call, Bank Feed Limbo, waiting for us to provide the added information necessary to use the data to create financial statements.
Learners will see how to add the bank data to the financial data in a step by step process, observing the creation of the balance sheet and profit and loss with each addition.
We will also discuss how to use bank rules to automate the process, benefiting future periods. As we enter data we will discuss best practices to make the data input as fast as possible and keep the financial statements as clean and readable as possible.
-
10
370 Add Normal Expenses To Books From Bank Feed Limbo -
11
375 Enter Transaction Purchasing Equipment Using Bank Feeds
-
12
380 Enter Transaction Purchasing Inventory Using Bank Feeds
-
13
385 Enter Transaction Purchasing Investments Using Bank Feeds
-
14
390 Enter Transaction For Owner Withdrawal or Personal Payment Using Bank Feeds
-
15
395 Enter Transaction for Income Deposit For Online Cash Basis Business
-
16
400 Enter Transaction for Owner Deposit or Loan Deposit Using Bank Feeds
