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QuickBooks® Training Library

Cleanup Essentials in QuickBooks Online


Course
Quantity
For someone else
Veronica Wasek
Quantity
For someone else
Purchase for $54 or enter access code

When bookkeepers land a new client, their first task is analyzing the company’s QuickBooks Online file for accuracy. Learn how to price a diagnostic and clean up common QBO errors!

 

Cleanup Essentials in QBO Course Description

Business owners think they’re saving money by doing their own books, but eventually they realize their reports are all wrong, and seek help. In this course we’ll look at common mistakes companies make, and how to fix them.

Looking at a new client's books and preparing for a QBO cleanup can feel like driving in the fog...

  • You know you need to review everything but you're not sure where to start. 
  • You're not sure if the previous bookkeeper made mistakes or just how bad they might be. 
  • You know you need to review everything but you're not sure where to start. 
  • You don't want to miss anything (who needs surprises later on?) but you don't want to spend hours on a review that may not even result in a new client. 
  • You don't want to waste time and energy going back and forth or diving down every rabbit hole to find the source of the problems. 
  • You have no clue how long it will take to clean up the mess, or how to price a job like this because there's no structure at all.

Imagine how much easier it would be if you had a proven system for reviewing new QBO files!

  • Say goodbye to free reviews and hours of wasted time.
  • Review books faster without missing a thing.
  • Get a complete picture of your clients' books BEFORE you start an engagement.
  • Create massive value for your clients and offer targeted cleanup and bookkeeping packages.
  • Turn reviews into ongoing monthly clients more often.

Veronica Wasek of 5 Minute Bookkeeping created a full 15-hour program with everything you need to know, but if you're just getting started, that can be overwhelming. 

 

This Royalwise two-hour summary will give you the essentials you need to get started.

 

Are you ready to take on diagnosing QBO messes and taking on even the biggest cleanups with confidence?

Save thousands in wasted time and lost clients, cut days off your cleanup jobs, maximize your profitability on cleanups, and take on clients you wouldn't have even considered before!

 

What You’ll Learn 

  • Pricing a diagnostic review
  • Performing a diagnostic review
  • Reporting your results
  • Pricing the cleanup
  • Preparing yourself for the work
  • Clearing Undeposited funds
  • Fixing duplicate income
  • Identifying Banking import errors
  • Closing open accounts payable
  • Voiding accounts receivable
  • Closing bad debts
  • Identifying and fixing misclassified Products & Services
  • Correcting Sales Tax errors
  • Using Accountant Tools, including Reclassify, Month-end Review, Write Off Invoices, and Report Options

 

Instructional Level

Intermediate to Advanced

Course Length

2 hours

Course Credits

Certificate of Completion

Field of Study

Accounting/Bookkeeping

Delivery Method

QAS/Self Study

Prerequisites 

Who should take this QBO clean up class?

  • Bookkeepers and Accountants who need complex file analysis and cleanup skills

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!

 

 

Refunds & Cancellations

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

 

 

Here is the course outline:

Download the Handouts

Download the handout that goes with the course.

1 section
Download the handouts here

The Paid Diagnostic Review

The first step in cleaning up the books is knowing what you're getting yourself into! Providing a diagnostic prevents surprises, both for you and the business owner. Learn how to price the diagnostic, perform the review, and report your findings.

8 sections
Welcome and Overview
Biz View vs Accountant View
What is a Paid Diagnostic Review?
Pricing the Paid Diagnostic Review
The Selling Process
Diagnostic Review Demo in Banking Part 1
Diagnostic Review Demo in Banking Part 2
Report of Findings - A Walk Through

Clean Up Basics

What is involved in cleaning up a QuickBooks Online file? What skills do you need to have, how do you price the service fairly, and how do you get started?

3 sections
What is a Clean Up?
Skills Needed for a Successful Clean Up in QBO
What to Clean Up

Pricing Cleanups

1 section
Pricing Cleanups

Common Clean Up Scenarios

Cleaning up QuickBooks Online involves knowing where to look. What are the signs of common errors? And what's the easiest way to fix them?

10 sections
Dealing with Commingling
Journal Entries
How to Clean Up Opening Balance Equity in QBO
How to Clean Up Unapplied Cash Payments and Expenses in QBO
Reconciling a Bank Account that has Never Been Reconciled
Old and Uncleared Banking Transactions
Changes to Bank Reconciliation
Cleaning Up Undeposited Funds
Cleaning Up Expenses
Cleaning up the Chart of Accounts

Using a Cleanup Checklist

1 section
Using a Cleanup Checklist

Cleanup Clearing Accounts

1 section
Cleaning Up Clearing Accounts

Take the Survey

Take this survey to complete the course and receive your credit certificate.

1 section
Complete this survey to complete the class

Completion

The following certificates are awarded when the course is completed:

Certificate of Completion
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