Introduction

Tax time approaches! We’ll show you the 10 steps you need to do to get your books ready for your accountant to do your taxes. Not only will you close your books, but we’ll show you how to analyze your business to help it grow next year. Who are your best customers? What are your best sellers? Who owes you money, and who do you owe? We’ll customize your reports and memorize your favorites for future use.

Instructional Level

Beginner through Advanced 

Course Length

2 hours 

Course Credits

2 CPE, Certificate of Completion

Prerequisites 

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

 

Who should take this class?

  • Business owners and employees who maintain their company’s financial records
  • Bookkeepers and Accountants who wish to brush up on their skills.

What You’ll Learn 

  •   Steps to take at year end to make sure your books are right
  •   Categorizing Expenses
  •   Reconciling bank accounts
  •   Closing out Opening Balance Equity and Owner’s Equity
  •   Depreciation
  •   Running your P&L and Balance Sheet
  •   Taking Inventory
  •   Closing the books
  •   Making backups

 

 

Here is the course outline:

1. Download the Handout

Download the handout that goes with the course.

Download the handout here

2. Year-End Cleanup for Tax Time

Tax time approaches! We’ll show you the 10 steps you need to do to get your books ready for your accountant to do your taxes. Not only will you close your books, but we’ll show you how to analyze your business to help it grow next year.

Year-End Cleanup for Tax Time

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!

Participation Quiz Completion requirement

Completion

The following certificates are awarded when the course is completed:

Royalwise Credit Certificate