Introduction

It’s one thing to master routine bookkeeping techniques, but it’s completely something else to use it for rare business situations. In this special QuickBooks® Online class, we’ll look at these everyday business transactions: Loans, Lines of Credit, and Bartering. We'll also explore Recurring Transactions and time-saving tips and tricks.

Instructional Level:

Intermediate through Advanced

Course Length

3 hours

Prerequisites

  • Our "QBO® Fundamentals" course, or
  • Prior experience using QuickBooks® Online.

Who should take this class?

  • 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:

  • 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
  • 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:

1. Download the Handout

Download the handout that goes with the course.

Download the handout here

2. Practical QuickBooks: Tricky Situations

It’s one thing to know all of QBO’s menu items, but it’s something else entirely to use it for non-standard circumstances. In this workshop you’ll understand how to manage these common but confusing scenarios: Bartering, Bounced Checks (both your customers’ and your own), Creating Loan Splits, Negative Merchant Service Deposits, and options for managing Client Retainers and Deposits.

Practical QuickBooks: Tricky Situations

3. 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!

Tricky Situations Quiz Completion requirement

Completion

The following certificates are awarded when the course is completed:

Royalwise Credit Certificate