QuickBooks Pro 2019 - Business & Personal - One QuickBooks File
Learn to account for both business and personal financial and tax data in one QuickBooks file using class tracking from a practicing CPA, CGMA, CPI, with B.S.tax.
Both business and personal financial, bookkeeping, and tax information in one QuickBooks file using class tracking.
This course will demonstrate how to use the class tracking feature in QuickBooks Pro Desktop 2019, applying the feature to tracking both business and personal financial information in one QuickBooks file.
Note that tracking both business and personal data in one QuickBooks file will not be the best option for many businesses but is a good option for small businesses who want one location to track and analyze financial data and generate financial reports that can be used for tax preparation, budgeting, and business planning.
We will set up a QuickBooks file designed for both business and personal use, discussing how to use the class tracking feature and creating a chart of accounts.
The course will enter financial data from a bank statement that has both business and personal transactions, separating the financial transactions using the class tracking feature as we enter the data into QuickBooks.
We will compare the method of using one QuickBooks account for both business and personal data to using two separate QuickBooks files, one for personal and one for business, listing and describing pros and cons of each method and when they would be best applied.
The course will also discuss how to track personal balance sheet items and provide practical examples and alternative methods.
We will discuss how to record and track personal investments in Quickbooks.
The course will discuss how to enter financial data for the value of a home, the related home loan, and the mortgage payments that include both interest and principal portions.
We will discuss how to enter W-2 wages into QuickBooks to track our income, including a method for breaking out gross pay from the withholding amounts.
The course will cover different methods for tracking credit card balances and credit card payments.
We will also discuss methods for tracking the value of an automobile and the concept of prepaid expenses including how to record prepaid insurance.
What you’ll learn
Are there any course requirements or prerequisites?
Who this course is for:
2 Set Up QuickBooks Files For Both Business & Personal Use & Enter Data
FREE PREVIEW645 Set Up New QuickBooks File Business & Personal
FREE PREVIEWQuickBooks Backup Files
Download Documents - Checking Account - Business & Personal - Jan.
650 Add Checking Account & Beginning Balance Business & Personal File
FREE PREVIEW655 Enter Deposits & Add Classses From Business & Personal Bank Statement January Part 1
FREE PREVIEW657 Enter Deposits From Business & Personal Bank Statement January Part 2
FREE PREVIEWDownload Document - Credit Card Statements - Jan.
660 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Charity January
FREE PREVIEW665 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone January
FREE PREVIEW670 Enter Business & Personal Cash Outflows Mortgagee, Medical, & IRA January
FREE PREVIEW675 Bank Reconciliation Business & Personal Account January
FREE PREVIEW680 Print Reports Business & Personal Account January
FREE PREVIEW682 Add Classes To Business Accounts
FREE PREVIEW684 One Expense Two Classes
FREE PREVIEW687 SubAccounts To Sort Personal Accounts
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FREE PREVIEW3 Compare The Use Two Separate QuickBooks Files To The Use Of One-First Month
710 Compare Using Two QuickBooks Files For Business & Personal to Just Using One
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4 Enter Both Business & Personal Data To One QuickBooks File - Month Two
Documents to Download - Checking Account - Business & Personal - Feb.
802 Enter Deposits From Business & Personal Bank Statement February
Documents to Download - Credit Card Statement - Feb.
804 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Charity February
806 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone February
808 Enter Business & Personal Cash Outflows Mortgagee, Medical, & Utilities February
810 Bank Reconciliation Business & Personal Account February
812 Print Reports Business & Personal Account February
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5 Make Copy of QuickBooks File & Use Backup Files
Data Files
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6 Track Investments In Personal QuickBooks File
Download Data Files
Using Q1 QuickBooks File
842 Record Investment At Cost Using One Account Personal QuickBooks
844 Record Investments At Market Using One Account Personal QuickBooks
846 Record Investment Activity For January No Effect On Income Statement Personal QuickBooks
847 Record Investment Activity For January Increasing Other Income Personal QuickBooks
848 Record Investment Activity For February Increasing Other Income Personal QuickBooks
Using Q2 QuickBooks File
852 Record Investments At Cost & Market Value December Personal QuickBooks
853 Record Investments At Cost & Market Value December Separate Accounts Personal QuickBooks
854 Record Investments At Cost & Market Value January Separate Accounts Personal QuickBooks
856 Record Investments At Cost & Market Value February Separate Accounts Personal QuickBooks
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7 Track Home Value In Personal QuickBooks File
Using Q1 QuickBooks File
882 Record Home At Cost Personal QuickBooks
884 Record Home Increase In Value Personal QuickBooks
Using Q2 QuickBooks File
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8 Enter Home Loan Mortgage In Personal QuickBooks File
Download Documents - Amortization Schedule - Home Loan
Using Q1 QuickBooks File
902 Record Home Loan Adjust To Loan Statement Personal QuickBooks.ENCODING
Using Q2 QuickBooks File
905 Record Home Loan & Make Amortization Table Personal QuickBooks
907 Record Home Loan & Adjust Loan Payments Personal QuickBooks
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9 Enter W-2 Employee Income In Personal QuickBooks File
Download Documents - Paycheck Stub
Using Q2 QuickBooks File
910 Record Paycheck Personal QuickBooks
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10 Enter Credit Card Purchases, Payments, & Liabilities In Personal QuickBooks File
Documents to Download - Credit Card Statements
Using Q2 QuickBooks File
915 Credit Card Liabilities Personal QuickBooks
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11 Enter Auto Value & Loan In Personal QuickBooks File
Using Q1 QuickBooks File
917 Auto – Simple Method Personal QuickBooks
Using Q2 QuickBooks File
919 Auto – Record & Depreciate Personal QuickBooks
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12 Allocate Insurance & Prepaid Expenses In Personal QuickBooks File
Using Q2 QuickBooks File
920 Allocate Insurance Costs Personal QuickBooks
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Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
"QuickBooks Pro 2019 - Business & Personal - One QuickBooks File"
$27.81
Lifetime enrollment
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