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Course Description
This course is a practical one that follows my QuickBooks Accounting class. It focuses primarily on those who have an interest in starting their own bookkeeping business, although anyone with some basic QuickBooks and accounting experience stands to benefit from it. The course expands and goes into an in-depth discussion of bank reconciliation, online banking, payroll taxes, federal tax preparation, the statement of cash flow, ratio analysis, depreciation and of course a whole lesson on starting a bookkeeping business. This lesson offers practical advice and discusses the basic tools you will need to start your own bookkeeping practice. Among other topics, this lesson looks into the forms to fill out to register your business, where to begin, how much to charge for your services, advertising, education, qualifications and more. Students will also see a sample Service Agreement, which they can customize to their own particular situation. This contract will be the basis for signing up new customers and getting your business off the ground.
Course Lessons
General Review :
This lesson briefly reviews some key areas and also looks at the new features introduced in QuickBooks Pro 2002.
Preference Setting, Searches... :
Here we look at some of the more important preferences in QuickBooks. We also look at the powerful search tool, among other things.
Bank Reconciliation & Online Banking :
Here we focus on some common problems that come up in bank reconciliation and look again at the powerful online banking feature.
Payroll Taxes :
An in-depth look at payroll liabilities including FICA, FUTA, SUI, Medicare, Advance Earned Income Credit and more.
Federal Income Tax :
A look at how QuickBooks is able to gather and organize the financial information necessary to export to a tax preparation software.
Understanding The Statement Of Cash Flow :
Here we seek to understand the Cash Flow Statement by identifying its purpose and looking at the details that make it up.
Decision Tools & Depreciation :
A look at some management decision tools like ratio analysis, managing receivables, cash flow and more. We also look into how to input assets in order to compute depreciation under different methods.
Starting A Bookkeeping Business :
Practical advice, tips, ideas and important legal information students need to successfully begin and carry out a bookkeeping operation.