The QuickBooks Learning List

The how and the why.

• Bank feeds and rules, and when not to trust them
• Reconciling bank and credit card accounts
• Payments to deposit (undeposited funds)
• Merchant deposits and fees, gross vs. net
• Customer refunds, credits and write-offs
• Vendor credits and bill payments
• Loans: splitting principal and interest
• Owner contributions, draws and distributions
• Payroll entries and payroll liabilities
• Sales tax setup and filing
• Inventory and cost of goods sold
• Fixed assets and depreciation
• Prepaid expenses and accruals
• Journal entries: when to use them and how
• Classes and locations
• Recurring transactions
• 1099 vendor tracking
• Closing the books and the closing-date password
• Using the audit log
• Why the CPA changed my entries at year end

Check each one you'd like walked through.

• Profit and Loss
• Profit and Loss by month or comparison
• Balance Sheet
• Statement of Cash Flows
• Accounts Receivable Aging
• Accounts Payable Aging
• General Ledger
• Trial Balance
• Transaction Detail by Account
• Reconciliation reports
• Sales by Customer and by Product
• Expenses by Vendor
• Profit and Loss by Class or Location
• Budget vs. Actuals
• Payroll Summary
• Sales Tax Liability
• Journal report
• Audit Log

Check any you'd like explained with real examples.

• Revenue RecognitionRecord revenue when it's earned, not when cash arrives.
• Matching (Expense Recognition)Record expenses with the revenue they helped earn.
• Historical CostRecord assets at what you paid.
• Full DisclosureInclude every material fact a reader needs.
• ConsistencyUse the same methods period to period.

Add a few notes, then email your list. Laura will reply with where to start.