Skip to content
View menu
Royalwise OWLS (On-demand Web-based Learning Solutions)
Log in
QBO Video Courses

Setting Up QBO


Course
Quantity
For someone else
Alicia Katz Pollock
Quantity
For someone else
Purchase for $27 or enter access code

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.

Course Description

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

Instructional Level

Intermediate

Course Length

1 hour

Course Credits

1 CPE, Certificate of Completion

Field of Study

Accounting

Delivery Method

QAS/Self Study

Who should take this class?

  • Small business owners starting new QuickBooks Online files
  • Bookkeepers converting their clients to QuickBooks Online

Other learners purchased these courses after completing this class:  

   

 

Why pay full price? Sign up for a Royalwise OWLS Membership
and get this course and more for one low monthly price.
Silver membership pays for itself in just two courses per month!

For more information regarding concerns, refunds, and program cancellation policies, visit our Terms and Conditions

 

 

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: 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

1 section
pageText Download the 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!

2 sections
pageText Which Version of QBO is Right for You?
pageText Finding a Pro-Advisor

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.

5 sections
Biz View vs Accountant View
pageText Should I Import My Existing Desktop File to QBO?
pageText Clean Up Your File Before Importing
pageText How Do I Import My QB Desktop File to QBO?
pageText Verify Your Data

Beginning with QBO from Scratch

If you're starting a new QuickBooks Online file from scratch, here are the steps involved.

6 sections
pageText Choosing a Starting Date
pageText Import Existing Lists of Customers, Vendors, Products, and the COA
pageText Modifying the Default Chart of Accounts
pageText Setting Up Your Products & Services
pageText Adding Open Invoices and Bills
pageText Entering Starting Balances

After Setting Up - Your Next Steps in QBO

7 sections
pageText Customize Your QBO Settings
pageText Turning on Modules in QBO - Which Ones Are Right For You?
pageText How to Invite Users
pageText Setting Up Your Banking Feed
pageText Work Smart - Implement 3rd Party Apps
pageText What's Next - Special Offer!!
quiz Review Questions: Setting Up QuickBooks Online

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!

2 sections
quiz Quiz: Setting Up QuickBooks Online
pieChart Evaluation & Participation Survey

Completion

The following certificates are awarded when the course is completed:

Royalwise CPE Certificate
Back to top