In Tricky Situations In QBO, 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

• 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

After completing this course, you will be able to: 

• Set up and manage loans and lines of credit

• Manage barter transactions

• Handle bounced checks

• Create complex customer and vendor refunds

• Manage corporate credit cards with subaccounts

• Use Prepaid Expenses to spread out large expenses over time

• Use QBO creatively in unusual situations

Tricky Situations In QBO Course 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.

ENROLL NOW

Preview this course:

Get a sneak peek of what's inside this value-packed training. Watch the brief video below to explore the topics we'll cover and see the quality of content you can expect. Your journey to mastering the material starts here!

(Click play to watch the course spotlight - 2mins)

Evergreen Access (Made to Stay Current)

Your purchase is designed to stay useful long after you finish the course! As the software changes, we refresh the content so you’re not learning from outdated screens. You’ll also have access to the class discussion/Q&A so you can ask questions when real-life situations pop up. And because it’s lifetime access, you can revisit the videos, handouts, and materials anytime you need a quick refresher.

Live Session + Replay Included

If you can’t attend at the scheduled time, go ahead and enroll—your live registration includes free access to the on-demand replay. We record every live class and post an edited version to the course page within two weeks of the class date. Once it’s available, you’ll receive a notification inside your OWLS portal.

While the replay is being published, you can download the notes/handouts and complete any quizzes or questionnaires so you’re ready to follow along when you watch.

ENROLL NOW

Refunds & Cancellations

Please view our Terms of Service, for information on refunds, cancellations, and complaint resolution. To request a refund, please contact us.

Royalwise Solutions Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Course Credits: 3.5 CPE, Certificate of Completion. Must be awarded within one year of enrollment.
Course Updated: June 2024
Course Page Updated: March 2026

^ Back to Top ^