What you'll learn
How to Determine The Correct Starting Balances Of Your Accounts When You Begin Using QuickBooks
How to Find The Opening Balances Of The Chart Of Accounts Or The General Ledger As Of The QuickBooks Start Date
How To Set Up A Company In QuickBooks Desktop Or Online
How To Input The Starting Balances In A QuickBooks File Or QuickBooks Online Account
Techniques And Methods Of Setting Up And Transferring Over To A New Accounting System
How To Input Starting Balances Of Your Customers
How To Input Opening Balances In Accounts Receivable
How To Input Starting Balances Of Your Service Vendors
How To Input Opening Balances In Accounts Payable
How To Input Starting Quantity Of Merchandise Inventory
How To Set Up Starting Balances In Sales Tax Payable
Anyone Who Wants To Know How To Make The Opening Balance Equity Adjustment
Requirements
Very Basic Accounting
Common Sense Bookkeeping And Record Keeping Ideas
Very Basic Computer Skills
Description
This revolutionary new QuickBooks course is for people who need to input opening balances in to their new QuickBooks File or new QuickBooks online account. You will follow these methods when changing accounting systems in order to get the accurate start-up numbers in the new system or new QuickBooks file or account. You must follow these instructions and then you can see when and how to make the opening balance journal entry. This set up journal entry that establishes beginning balancesand will come after all other QuickBooks areas of data have been input accurately for accurate start up balances in each area. When you have either a new QuickBooks file or new QuickBooks online account, it will have correct start-up numbers and you will be able to reconcile and have correct numbers from the declared start date until today. Each QuickBooks lesson in this playlist shows how to set up beginning balances for each area of QuickBooks desktop and QuickBooks Online: Accounts receivable, Accounts payable, merchandise inventory quantity and the correct amount of sales tax payable at the moment you start your new QuickBooks desktop file, or new account for QuickBooks Online. All of these areas must have their starting balances put in before the opening balances in the chart of accounts can be recorded twith the opening balance equity adjustment. Most people know there is a balancing journal entry to opening balance equity. This great quickbooks set-up/start-up course will show you how to set up the starting balances in each area and the beginning balances in the chart of accounts. This way, you can have accurate numbers going forward in your new accounting system or file. Everyone who begins using QuickBooks after they have already been doing busines swill need this knowledge if they do not want to pay an accountant an arm and a leg to set them up on QuickBooks or QuickBooks online.I answer all question very Quickly andI am happy to help.-Mark
Who this course is for
Anyone Changing From 1 Accounting System To Another,Anyone Who Needs To Know The Methods And Techniques For Setting Up A New Accounting System,Anyone Who Needs To Make A Fresh Start In A New QuickBooks File,Anyone Who Wants To Start The Advanced Level Of QuickBooks Online With The Correct Numbers,Anyone Who Needs To Prove That The Starting Balances In Each Area Of QuickBooks Are Correct As Of The QuickBooks Start Date,Any Who Has Starting Balances And Beginning Numbers To Set Up In Accounts Receivable And Accounts Payable,Anyone Who Has To Set Up A Sales Tax Payable Balance In QuickBooks Desktop Or QuickBooks Online,Anyone Who Needs To Track Inventory Quantities And Have Accurate Quantities On Hand As Of The QuickBooks Start Date,Anyone Who Wants To Learn How To Make The Opening Balance Equity Adjustment When Setting Up A Company On A Start Date


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