You’re creating a new QuickBooks Online account, what’s next? If you’re just getting started with QuickBooks you might be tempted to go it alone, but setting up QBO by trial and error is a mistake. Let’s tackle how to set up QuickBooks Online together and make sure it’s done well.
While QuickBooks Online is the world’s most popular bookkeeping software, setting it up on your own through trial and error is just asking for trouble.
As business owners, we often tend to try to do everything ourselves (speaking from experience here!). That can be a problem when it comes to setting up Quickbooks Online.
It’s easy to make a simple mistake that will end up costing you more to fix than you’d ever have paid to set things up right from the beginning (not to mention the hassle of it all).
You’ve got enough to worry about. Let me show you how to set your QuickBooks up the right way so you can have peace of mind knowing there won’t be any headaches down the road.
Should you import your existing QuickBooks file, or start a new one from scratch? How do you set up a Chart of Accounts (and by the way, what even is a chart of accounts?)? How do you connect your checking account and credit cards? How do you create your products and services?
We’ll answer all these questions and get you started on the right foot so that you won’t spend time needlessly spinning your wheels while you try to figure it all out yourself. Your business will be successful when you get the advice you need to do it right the first time, quickly and easily!
After completing this course, you will be able to:
- Select the correct QBO subscription level for your needs
- Set up a new QBO file including preferences and lists
- Connect your bank accounts and credit cards to import transactions
- Enter historic balances for the previous period
- Recreate open invoices and bills
- Compare your old and new accounting systems to make sure your data is accurate
What You’ll Learn
- The difference between the QuickBooks Online subscription levels
- Creating a new account
- Connecting with a bookkeeper for discounts
- Importing a QuickBooks Desktop file into QuickBooks Online
- Setting up a Chart of Accounts
- Connecting Bank accounts and credit cards
- Entering open invoices and bills
- Entering opening balance history
- Comparing previous and new reports
1 CPE, Certificate of Completion
Field of Study
Who should take this class?
Other learners purchased these courses after completing this class:
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Refunds & Cancellations
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: 1 CPE, Certificate of Completion. Must be awarded within one year of enrollment.
Course Updated: December 2021
Here is the course outline:
Download the Handout
Download your class handout here
Setting Up QBO: 1st Steps - Plan Ahead
When starting up a new QBO subscription, it's important to choose the right version and get help when you need it!
Converting from QuickBooks Desktop
Are you migrating an existing QuickBooks Desktop Pro, Premier, or Enterprise file to QuickBooks Online? Watch this section to understand the benefits & drawbacks, and learn the steps to a successful transition.
Beginning with QBO from Scratch
If you're starting a new QuickBooks Online file from scratch, here are the steps involved.
After Setting Up - Your Next Steps in QBO
Quiz and CPE Credit
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!
The following certificates are awarded when the course is completed:
|Royalwise CPE Certificate|