To take full advantage of QuickBooks capabilities, it’s helpful to understand the different Quickbooks file types and the purposes they serve. QuickBooks works its magic through a growing collection of proprietary file formats that can vary based on the version you’re using, as well as your operating system.
#QUICKBOOKS ACCOUNTANT FILE EXTENSION SOFTWARE#
In addition to the instructional videos, this course will include downloadableĮxcel practice files will be preformatted and will generally have at least two tabs, one tab with the completed work and a second tab with a preformatted worksheet we can fill in as we watch the instructional videos.Does your business use Intuit QuickBooks to help manage its accounts? If so, you’re in good company millions of small businesses (and their accountants) rely on this intuitive and versatile software for everything from invoicing to generating financial reports to paying their bills and taxes. We will enter common adjusting entries into an adjusting entry Excel worksheet and into Quickbooks.įinally, we will discuss whether or not to enter the year-end adjusting entries into our QuickBooks bookkeeping system and different options to do so. As bookkeepers we want to be aware of the adjusting entry process so we can work with any year-end accounting firm, tax preparer, or CPA firm. The bookkeeping system we propose will depend on an outside accounting firm, tax preparer, or CPA firm to help with the year-end adjusting entries. We will discuss year-end adjusting entries. This course will discuss, print, and export month end and year end reports, reports a bookkeeper may provide to clients monthly and reports the business will need at year-end for tax preparation. As we perform bank reconciliations, we will discuss what a bank reconciliation is and the benefits a bank reconciliation provides. We will also review the financial statements periodically to see how QuickBooks is using the data to make reports.Īfter entering data into the QuickBooks check register from the bank statement, we will perform bank reconciliations. We will provide practice bank statements to use with the project as well as step by step instructional videos.Īs we enter data directly into the check register from the bank statement, we will compare and contrast the cash basis system we are using to a full accounting cycle system. The course will practice entering data into the QuickBooks register directly from a bank statement. We will work through a sample bookkeeping project in QuickBooks including the setting up of a new QuickBooks company file. The course will discuss the responsibilities of a bookkeeper and the responsibilities of the business when a bookkeeping engagement in entered into. We will outline a cash basis bookkeeping system using QuickBooks, a system that will enter most transactions directly into the check register.
The bookkeeping system we discuss will also describe the relationship between the bookkeeper, the business, and the year-end tax and financial statement preparers. This course is designed for bookkeepers and is also useful for small business owners who want a simple system for entering financial data into QuickBooks for financial planning and year-end tax preparation. QuickBooks Online bookkeeping business designed for small business clients or small businesses who want a simple cash basis format for entering data.