QuickBooks Online Training: Tutorial for Beginners
- Last Updated on: January 8th, 2019
- Posted by: admin
- Category: QuickBooks Online
Hello guys! Looking for QuickBooks Online Training for beginners? New to QuickBooks and don’t know how to use it? Although learning QB can be a struggle. As it takes time, and mistakes cost you money. It’s time to say bye-bye to all your worries. Here you’ll find the QuickBooks Online training Tutorial for beginners. And through this tutorial, you’ll get the QB training classes.
Isn’t it exciting? This QBO tutorial is basically designed according to your preferences. It means you can attend the tutorial and virtual classroom instruction right from your office.
So, you just need to invest 2 short days to become confident.
Imagine! After reading this tutorial you’ll leave excited about QB and you’ll be able to tackle your toughest QB problems.
QuickBooks Tutorial: What’s Covered
This tutorial will cover everything starting with the setting up QuickBooks for your business. We will cover how to record your income and expenses. And, also you’ll get to know how to manage bank and credit card transactions, and how to run financial statements.
From each QuickBooks tutorial, you’ll get the detailed concept in each lesson.
In case, if you are a seasoned QuickBooks Online user then feel free to take the QuickBooks tutorial in any order that you prefer.
However, if you are new to QB Online, then I would recommend that you should start with Lesson 1 and learn QB from there.
Lesson 1: How to Set Up QuickBooks
This lesson will give you the instructions on how to set up key areas of QB like bank card and credit card accounts, products, invoice templates, and services and the chart of accounts. And by the time you complete this QB online tutorial, you will be ready to start using QB to manage all of your income and expenses.
Moreover, the features and settings that you will make decisions for in this lesson will affect every area of QuickBooks.
Let’s understand with an example, setting up the default payment terms for turning on inventory quantity and cost tracking as well as customer invoices and vendor bills, are a few examples of what takes place in this lesson.
Lesson 2: Managing Sales and Income in QuickBooks Online
In this lesson, you’ll get to learn how to record your sales and track your income in QB Online. In QB, you’ll find two types of sales: credit sales and cash sales. And by the end of this lesson, you’ll be able to keep track of your credit sales simply by creating invoices for your customers and sending them via email.
Additionally, you’ll also learn how to apply payments to outstanding invoices so that your accounts are up-to-date. Also, learn how to stay on top of unpaid invoices by reading our Ultimate Guide on the Accounts Receivable Aging Report. In this QB Online tutorials, we will also show you how to create sales receipts to keep track of your cash sales.
Lesson 3: Managing Bills and Expenses in QuickBooks Online
In this lesson, you’ll get to know how to manage your bills and record expenses in QB. In case, if you have been in business long enough, you know that it doesn’t matter how much sales you have if you don’t know how to manage your expenses. And by the end of this QuickBooks tutorial, you will be able to keep track of expenses in a couple of ways.
First, you can easily write and print checks directly from QB to pay for expenses that require immediate payment. Second thing is that you will be able to manage what you owe to vendors who have extended payment terms to you.
Lesson 4: Managing Banking Transactions in QuickBooks
By the end of this lesson, you can easily manage all of your downloaded banking transactions. You will also get to know how to enter basic banking transactions manually. And finally, you will be able to use the reconcile tool to ensure that the transactions present on your bank statement match up with what has been entered into QuickBooks. Also, this results in up-to-date financial statements.
And, the money that flows into your business in the form of sales and out of your business in the form of expenses. It will eventually end up going through your business bank account.
Lesson 5: Manage Business Credit Card Transactions in QuickBooks
After going through this lesson, you can easily track your credit card purchases in QuickBooks. And you can reconcile them with your credit card statement to ensure that they match. This simply results in up-to-date financial statements.
Also, a business credit card can be a great way to establish business credit. Same as banking transactions, you can connect your credit card to your QB Online account easily. In this way, your credit card purchases will automatically download into QuickBooks.
Lesson 6: Managing Credit Card Sales in QuickBooks
At the end of this lesson, you’ll be easily able to manage credit card sales if you have an Intuit Payments account that is integrated into QuickBooks. Also, you’ll be able to manage your credit card sales if you use a third-party credit card processor.
In order to make payment convenient for your customers, it is recommended that you should consider accepting credit card payments.
Simply by accepting credit card payment, you’ll need to understand how to reconcile those transactions, which is what we are going to cover in this lesson.
Lesson 7: Reporting in QuickBooks Online
Well, at the end of this QuickBooks tutorial, you’ll get to know the importance of five key reports and how to create them in QB. The best thing is it includes the profit and loss report, balance sheet report, statement of cash flows and accounts receivable and accounts payable aging reports.
As the primary purposes of using a bookkeeping system like QuickBooks Online is so that you can easily determine the health of your business at any given point in time.
In order to produce solid, accurate financial statements that can benefit you, just go through the given steps:
- You can easily gain potential investors.
- Provides you the ability to secure a business loan or line of credit.
- Give info that will help you determine if you should sell a new product or service or drop one that is not doing so well.
As you have completed our QB Online tutorials, I hope you should be convinced that there is no need to be a certified public accountant or have an accounting background to learn how to use QB.
You should also know that QB is a much better solution as compared to a Microsoft Excel spreadsheet. Just to keep track of your income and expenses.
So, what are you waiting for guys! Hurry up sign up today and receive a 50 percent discount on a paid QB subscription. There are no contracts which means that you can cancel your subscription if you change your mind.
For more details, you can dial our toll-free QuickBooks Online support number 8554414417, and get free assistance from our pro-advisors.