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QBO Video Courses

Chart of Accounts in QBO


Course
Quantity
For someone else
Alicia Katz Pollock
Quantity
For someone else
Purchase for $74 or enter access code

Learn to set up your QuickBooks Chart of Accounts according to accounting principles: bookkeeping terms, general ledger, Balance Sheet, and P&L statements.

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 the video above to watch the course spotlight video - 2 mins)

 

QuickBooks Chart of Accounts Course Description

Your Chart of Accounts (COA) is the backbone of your business and the foundation of your QuickBooks® file. It has two functions: outlining what the IRS wants to see for taxes, and generating your P&L and Balance Sheet reports to understand and analyze your business.

We’ll start with the fundamental accounting equation, Assets = Liabilities + Equity. During the conversation, you’ll learn bookkeeping terms including assets, liabilities, equity, income, and expenses. Then, we’ll make your COA your own! It’s impossible to use QuickBooks without customizing QBO’s default Chart of Accounts. We’ll discuss industry-standard accounts, create additional categories that reflect your unique operations, and inactivate accounts that aren’t relevant to you. 

By the end of this course, you’ll know how to read a Balance Sheet and a Profit and Loss statement, as well as how to structure your Chart of Accounts so it represents your own business’s workflow.

 

 

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Discover the overwhelming praise as past learners share their experiences with this course. From life-changing transformations to must-have knowledge, this course has received acclaim for its practical insights, expert guidance, and the instructor's exceptional knowledge. See what people are saying about this remarkable educational opportunity. (See all the reviews by clicking the 'Reviews' tab near the top of this page.)

 

You’ll learn about

  • The function of the Chart of Accounts
  • Creating new accounts and editing existing accounts
  • Equity accounts
  • Liability accounts
  • Asset accounts
  • Bank accounts
  • Credit card accounts
  • Income accounts
  • Cost of Goods accounts
  • Expense accounts
  • Other Income accounts
  • Other Expense accounts
  • Accounts Receivable
  • Accounts Payable
  • Undeposited Funds
  • Understanding a Profit and Loss Statement 
  • Understanding a Balance Sheet

After completing this course, you will be able to: 

  • Identify the main Chart of Accounts types
  • Recall the steps to modify the default Chart of Accounts
  • Recognize how the Chart of Accounts populates your Profit & Loss and Balance Sheet reports

 

 

Instructional Level

Basic

Course Length

2 hours

Course Credits

2 CPE, Certificate of Completion

Field of Study

Computer Software & Applications

Delivery Method

Group Internet Based or QAS Self-Study

Who should take this class?

  • Business owners and employees who want to understand the “business behind business”
  • Students and job-seekers will boost their employment marketability
  • Entrepreneurs and new business owners who are just getting started, and want to make sure they have solid business knowledge so that they can succeed
  • Bookkeepers and Accountants who wish to brush up on their skills.

Advanced Preparation: 

  • None

     

    Other learners purchased these courses after completing this class:  

    Explore new topics & join the hundreds of other business owners & accounting professionals who have enrolled in these courses after completing this Chart of Accounts class!

       

     

    Want this course for FREE? Unlock this course & more for no extra cost with an OWLS Membership!

    Get instant access to ALL of Alicia's QuickBooks courses for FREE when you become a silver member - it's the perfect way to maximize your learning!

    Discover why so many business owners & accounting professionals are taking advantage of a Royalwise OWLS membership to gain valuable skills, earn CPE credit, & make more money.

    With a Royalwise OWLS membership you’ll have the tools & support you need to achieve your business & professional goals. Enroll today to join a community of like-minded individuals & take advantage of all the benefits an OWLS membership has to offer!

     


    "OWLfred says, "Silver membership pays for itself in just two courses per month!"

     


    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: 2 CPE, Certificate of Completion. Must be awarded within one year of enrollment.

    Course Updated: July 2022
    Course Page Updated: September 2023

    Here is the course outline:

    1. Download the Handout

    Click the links below for instructions.

    Download the handout here
    Glossary of Terms

    2. Watch the Videos: QBO Chart of Accounts 2022

    This is the recording of the class you attended. Watch and rewatch it until it all makes sense!

    Intro to COA (Chart of Accounts) and Agenda
    Biz View vs Accountant View
    What is the COA?
    Terminology
    Review 1: Parts of the Chart of Accounts
    How the COA Affects Reports
    Customizing Your COA
    Conclusion - What's Next?
    Review 2: Chart of Accounts

    3. 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: The Chart of Accounts
    Evaluation & Participation Survey

    Completion

    The following certificates are awarded when the course is completed:

    Royalwise CPE Certificate
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