Basic QuickBooks
Course Content
Overview of Bookkeeping Module
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Overview of QuickBooks and Record Keeping
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QuickBooks Desktop vs. QuickBooks Online
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Basic QuickBooks: 6 Rules of Bookkeeping
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Basic QuickBooks: Chart of Accounts
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Basic Quickbooks: Recording Revenue, Expenses and Other Cash Flows
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Basic QuickBooks: Using Items (Products & Services) on Invoices and Sales Receipts
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Basic QuickBooks: The Bank Feed (QB-Online)
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Basic QuickBooks: Daily Tasks
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Basic QuickBooks: Recap
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Putting Concepts into Action
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Basic QuickBooks – Final Quiz
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5 Comments
Very good so far
very helpful
Hi Julia, I’m just wondering if there’s an easy way to remember the difference between classes, items and subaccounts. Aren’t all of them associated with an account? Are they just different tools to show information in various ways?
Also, I’ve been using Customers as my chart of accounts. So “Farmers’ Market,” “CSA,” and “Restaurants” etc. are all Customers. Is it bad to change this after seven years? It will throw off data when I’m comparing multiple years before and after changing the system, but it feels like it would be worth it?…
Thank you! This has been very helpful.
Not sure if there’s an “easy” way to remember…
Things that are part of your Chart of Accounts will show up on your profit and loss and balance sheet statements. Using parent accounts and sub accounts helps you organize your different accounts so that you can group things together.
You can think of classes as “enterprises.” You can have an expense (that’s created by your chart of accounts) that can be applied to different enterprises… like you might have feed for your layers and feed for your meat birds. Or seeds for your flowers and seeds for vegetables… it offers a deeper level of categorization.
Customers are a third way to categorize revenue and expenses. You can have an expense (Farmers market fees, for example) that’s associated with a certain customer.
When you are running reports, you can show columns for classes or for customers…
Items are utilized on invoices and sales receipts, and they point to an account on the income statement. this allows you to capture the extra detail of what you’re selling without creating too much of a mess with your chart of accounts.
Yes – definitely make changes that will make things easier going forward. It will be harder to compare year over year for the first year… but then it will get a lot easier.
Hope this helps!
Thank you! Very helpful!