Learn QuickBooks for personal bookkeeping, finance, and accounting.
QuickBooks for personal bookkeeping, finance, and accounting. Enter personal financial data, create and analyze financial statements including personal balance sheet and income statements or profit & loss statement, & track important tax data.
The course will provide backup files that can be used to jump forward or to rework any component of the course. Backup files and the ability to use multiple QuickBooks files, in a similar way we use multiple Microsoft Word documents, is a HUGE benefit to learning QuickBooks and accounting that QuickBooks Desktop offers us. If our goal is to learn accounting concepts, bookkeeping, and or data input, we should take advantage of the use of backup files to improve our skills and gain new ones.
We will set up a new QuickBooks file explicitly designed for personal data entry and tracking, including a personalized chart of accounts.
The course will provide examples and practice problems to enter personal data into QuickBooks using a bank statement. We will provide example bank statements in PDF format that can be used to work the problem step by step along with instructional videos.
We will enter credit card data into QuickBooks from credit card statements. The course will provide PDF files of credit card statements.
The course will also set up a small QuickBooks business file as a comparison to the personal file, and to show how to account for intercompany or inter-QuickBooks file transactions. In other words, we will track transactions between the business and personal checking accounts in both the individual and business QuickBooks files.
We will track and record personal investments into QuickBooks, discussing various options and their pros and cons.
The course will discuss how to record and track home valuation in QuickBooks, as well as the tracking of home loans and the recording of payments that include both interest and principal.
We will cover the entering of W-2 wages into a personal QuickBooks file and the various methods we can use including breaking out the gross pay and the withholding amounts.
The course will discuss various methods for tracking and recording credit card payments and balances.
We will also discuss how to record and track the valuation of an automobile and how to enter and track prepayments like prepaid insurance
Are there any course requirements or prerequisites? It would be best to have QuickBooks Desktop although this is not a requirement and many of the concepts will be applicable to QuickBooks Online and other accounting software.
Who this course is for: Anybody who wants to track personal financial data Anybody who wants to organize tax data Anybody who want to create personal budgets and financial plans Anybody who want to understand their personal financial position better and how to create and analyze personal financial statements, including a balance sheet and income statement
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. Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like CPDformula.
