As a business owner, you know your checking account is the most important account in your record keeping system. By learning how to record your bank account transactions in QuickBooks, you will be determining what your Financial Statements are going to look like when you go to your banker or CPA. That happens because your checking account is the “reference” account in a Double-Entry Acccounting System like QuickBooks.
"Double-Entry" means if you reconcile your bank account (in QuickBooks) to every bank statement, then you confirmed all Income and all Expenses are recorded on your books. You also confirmed your Customer Payments and your Vendor Payments are correct too.
That is why, in some cases, it's best to learn QuickBooks at your office where your bank statements, copies of your cancelled checks, deposits, and other records are located. Also, during the Set-Up process, "other records” may be needed like Loan documents, Petty Cash Tickets, Credit Card Statements, or other documents that support a “complex” transaction.
Except for CPA "year end" final adjustments, which are needed at the end of your tax year
for income tax purposes, you can SAVE MONEY by doing 95% of your own Bookkeeping
"In-House" ... IF you keep your bank account/s (in QuickBooks) reconciled.
You will learn how to generate your own detailed General Ledger, your Journal, and your own Financial Statements for a month, a quarter, or for the entire taxable year!
But, before you start posting, let us show you the right way to Set-Up your books and train you how to use all the features in QuickBooks. Learn what “not to do” when you generate invoices, make a payroll, do Job Costing, pay taxes, set-up inventory items, and Etc.
In our 1-on-1 training sessions you learn QuickBooks at your pace. In short, we teach ...