Skip to content
Just for Bookkeepers and Accountants

Bookkeeping Tricky Situations Course


Course
Alicia Katz Pollock
Purchase for $39

Advanced bookkeeping training for complex transactions: loans, line of credit, barter, bounced checks, customer deposits, negative batches, and vendor credits.

Advanced Bookkeeping Online Training Class Description

There's always an exception to the rule. And there's always an exception to the exception!

 

It’s one thing to master routine bookkeeping techniques, but it’s completely something else to use QuickBooks for rare business transactions. Royalwise understands these tricky situations and has designed this course to make the complex simple and easy for you.

 

In this special QuickBooks® Online class, we’ll start with everyday business transactions like Loans and Lines of Credit. Then we’ll talk about more complex situations: How do you track Bartering to stay IRS-compliant? How do you book bounced checks, either your own or from a customer? What do you do when a daily credit card batch is negative? How do you process a Vendor refund when inventory is involved? We'll also explore Recurring Transactions and other time-saving Tips and Tricks.

 

If you've come across even a few of these tricky situations, it's time to sign up now and take this course so you that you'll gain the confidence that you are handling them correctly and efficiently.

 

Instructional Level:

Intermediate through Advanced
 

Class Length

2 hours

CPE Credits

2 CPE, Certificate of Completion

Delivery Method

QAS Self Study

Field of Study

Accounting

Prerequisites

 

Who should take this advanced bookkeeping online training course?

  • Business owners and employees hoping to gain deeper knowledge of how to perform common business transactions in their software
  • Bookkeepers and Accountants who wish to brush up on their skills

 

What You’ll Learn in This advanced bookkeeping training:

  • How to add situation-specific accounts to the Chart of Accounts
  • How to manage a Line of Credit
  • How to separate out Loan payments for principal, interest, and debt protection insurance
  • How to process Bounced Checks, both your customers’ and your own
  • How to track Bartering, so you can track your true income and your expenses even though no money has changed hands
  • What to do when your daily credit card batch is negative
  • How to process Vendor Refunds when they involve Products & Services
  • How to memorize transactions, so the next time you don’t need to remember what you did last time
  • Valuable tips and tricks to shave time off your daily tasks

Here is the course outline:

Download the Handout

Download the handout that goes with the course.

pageText Download the handout here
pageText PowerPoint Slides

Getting Started: Bookkeeping's Tricky Situations

Let's get started!

pageText Getting Started

Bartering

It's important to track your business & personal trades with your customers and vendors.

pageText Business vs Personal Bartering
pageText Setting up QBO for Barter

Bounced Checks

What do you do when a customer bounces a check? What should you do when you bounce a check?

pageText Customer Bounced Checks: Setup Steps
pageText Processing the Bounced Check and Getting Reimbursed
pageText When Your Own Checks Bounce

Car Loans and Lines of Credit

Loans and Lines of Credit need to be managed properly in QBO!

pageText Loan Setup Steps
pageText Making Loan Payments
pageText Line of Credit Setup Steps
pageText Making LOC Payments

When It's Opposite Day

These three scenarios all involve negatives when you need a positive...or debits when you need credits...

pageText Negative Merchant Service Deposits
pageText Vendor Refunds for Goods & Services
pageText Corporate Credit Cards
pageText Taking Client Deposits on Work to Be Performed

Take the Quiz

Take this quiz to demonstrate your mastery of the material. Pass the quiz with an 80% or higher to complete the Course, earn your Certificate, and win points!

quiz Tricky Situations Quiz

Completion

The following certificates are awarded when the course is completed:

Royalwise Credit Certificate
Back to top