QuickBooks Online – Bank Feeds & Credit Card Feeds

QuickBooks Online – Bank Feeds & Credit Card Feeds

What you’ll learn

  • How to set up bank feeds for both bank accounts and credit card accounts
  • How to set up QuickBooks Online and get up and running
  • How to add transactions and assign proper general ledger accounts to them
  • How to do bank reconciliations
  • Understand the difference between a bank reconciliation when using a cash basis and accrual basis
  • Generate reports and analyze reports after data has been entered using bank feeds
  • Record transactions from two accounts that use bank feeds like a credit card account and a bank account
  • How to create different kinds of bank feed rules to make data input even faster

Requirements

  • None

Description

This course will jump right into bank feeds and how to use them.

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Most QuickBooks courses will spend a lot of time talking about how a full-service accounting system works using QuickBooks. We do recommend spending time learning the full accounting process, and we do have a course that does this.

However, many small businesses want to get right down to data input as fast as possible, and others already have a good understanding of the system and want to focus specifically on bank feeds.

This course will do just that.

For example, some small businesses may be perfectly happy using a cash basis system and will, therefore, not need some of the functions used in a full accounting cycle. Businesses that use a cash basis model can structure their data input to be much more heavily dependent on the bank and bank feed data.

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We will discuss types of businesses that fit well into a cash basis model as we work through the practice problems. We will also discuss some problem areas many businesses have and how to set up a system that works.

This course will work through a practice problem and will provide test data that learners can use in their system to follow along if they choose.

One obstacle to learning bank feeds is access to a clean QuickBooks file to practice with. Here are some options you can use along with this course:

Intuit (the owner of QuickBooks) provides a free test drive available to anybody. You can find it by searching in your favorite browser (QuickBooks Test Drive).

Intuit often provides (almost always) a 30 day discount period. You can use the 30 days to practice by starting the 30-day trial, practicing with the data we provide in the course, and then canceling after the 30 days.

Intuit also provides discounts or a free version for students and educators.

Check with your accountant or CPA firm, and they may be able to provide a discount on QuickBooks Online

Who this course is for:

  • Business owners who want an easy system to track data
  • Bookkeepers who want to understand how bank feeds work
  • Students who want to apply theory to practical accounting software
QuickBooks Online – Bank Feeds & Credit Card Feeds
Learn bank feeds and how to use them from a practicing CPA (certified public accountant)
$0 $84.99

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