Genre: eLearning | MP4 | Video: h264, 1280x720 | Audio: aac, 44100 Hz
Language: English | VTT | Size: 3.11 GB | Duration: 7h 39m

We will discuss how bank feeds can fit into an accounting system, how to setup bank feeds, and how to construct financial statements using bank feed data.

What you'll learn

Options for using QuickBooks Desktop including a free 30 day trial version

How to setup bank feeds

How to navigate the bank feed center

How to connect to the bank or upload bank data to the QuickBooks Software

How to use bank feed data to construct financial statements & reports

How to match bank feed data to transactions in QuickBooks

Hot to use bank feeds for credit cards

How to use bank rules

Requirements

None

Description

We will import bank feed data into our QuickBooks system.

The course will add bank feed data to the financial statement, breaking the process out into cash increase transactions and cash decrease transactions.

Learners will understand how to generate bank rules to make the data input process faster as passes, the first moth of data input often being the most difficult due to not having prior transactions to refer back to.

As we construct bank feed transactions we will consider the difference between a cash method and an accrual method, the difference between an accounting system that is created from the bank data and an accounting system that uses bank data to verify data input.

The course will cover how bank feed data can be matched to transactions such as invoices, sales receipt forms, receive payment forms, deposit forms, bills, and checks. The matching of bank feed data to data impute forms can help with the bank reconciliation process, as we match up what has been entered into QuickBooks with what has cleared the bank.

Who this course is for:

Business owners who are thinking of using QuickBooks Desktop

Bookkeepers

Accountants



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