Young Entrepreneurs Need Financial Tools

Learn to use QuickBooks Pro Desktop.

(no experience required)

Develop a professional record keeping system, while focusing on building your business.

 

 

Why does someone need a bookkeeping system like QuickBooks?

QuickBooks Pro Desktop is the version I suggest for small businesses that offer services and sell inventory.  It is software that is installed on a PC, rather than the online version and has no recurring monthly fees.  It’s cost effective at about $200 and usually doesn’t need an upgrade for 3 to 5 years! The double-entry accounting system offers powerful reporting options, in half the keystrokes of checkbook type systems. There is even a function for archiving vendor invoice copies, which makes it great for eliminating all those receipt piles.  It will grow with a business with added options of credit card processing and payroll features, including Direct Deposit.

There’s so much more to QuickBooks Pro Desktop than I can possibly list here.  Having software to handle the job is one thing, knowing how to use it is another!  New users often express frustration when trying to learn how it all works together.  The accounting processes happen behind the scenes and it helps to know someone, who can walk you through the entire setup.

This Course Was Designed For Beginners With Little To No Experience

Included are 10 modules with video lessons, downloads and worksheets to help young entrepreneurs use QuickBooks and take advantage of all the resources available to them.  There are even graded quizzes to evaluate your understanding.

The videos are short and to the point, while not missing a beat on the basics.  No matter your experience level, you’ll get what you need to build confidence in your accounting abilities.

With QuickBooks Pro Desktop, you’ll pay no monthly fees.

This course was extremely helpful to me. The videos were very user friendly and showed me ways to really improve the methods that will help me advance my business. The quizzes taught me better means to discuss my plans and goals. Thank you for making this a pleasure to learn more about QuickBooks. Highly recommended!!

Jill R.

Alabama

Included In The Young Entrepreneurs Use QuickBooks Course

Young Entrepreneurs Use QuickBooksModule 1 – The Beginning

In this module, students will learn how to open a new company file in QuickBooks Pro.  Students will also learn the importance of a backup and how to ensure a good recovery should a loss occur.

Young Entrepreneurs Use QuickBooksModule 2 – Chart of Accounts

Students will learn about the structure of the accounting system.  We call it the Chart of Accounts or the bones.

Young Entrepreneurs Use QuickBooksModule 3 – Item Lists

Item Lists include Service Items, Inventory Parts and Sales Tax Items.  This module will focus on all item types.

Young Entrepreneurs Use QuickBooksModule 4 – Customize Forms

Students will learn to use Canva.com to create a custom logo and edit QuickBooks forms to create custom invoices, sales receipts and statements.

Young Entrepreneurs Use QuickBooksModule 5 – Name File

In this module, students will learn to manage the Name File in QuickBooks.  We will work with Customers, Vendors, Employees and Others.

Young Entrepreneurs Use QuickBooksModule 6 – Banking

Students will learn options available for Bank type accounts and what they should look for when choosing a bank or credit card for their business, as it applies to QuickBooks downloads.

Young Entrepreneurs Use QuickBooksModule 7 – Billing Customers

Learning how to create Invoices, bill Accounts Receivable customers, accept cash, make deposits and run reports associated with AR are the subjects in this module.

Young Entrepreneurs Use QuickBooks

Module 8 – Buying Inventory and Paying Vendors

In this module, students will learn how to prepare documents when they buy inventory and how to pay vendors for inventory purchases and expenses.

Young Entrepreneurs Use QuickBooksModule 9 – Selling Inventory and Sales Tax Payable Report

Posting inventory sales invoices plus where to find and how to run Sales Tax Payable Report is so important to any business.  We cover it all here.

 

Young Entrepreneurs Use QuickBooks

Module 10 – Financial Reports

Finally, students will learn how to run and read the business financial reports – P&L and Balance Sheet.  This module also contains the Final Quiz.  It’s a good one.

Young Entrepreneurs Use QuickBooks

Course Outline

Module 1 YE The Beginning
Unit 1 YE Open New Company File
Unit 2 YE Backup Company File
Module 2 YE Chart of Accounts
Unit 1 YE Chart of Accounts
Module 3 YE Item Lists
Unit 1 YE Service Items & Sales Tax Items
Unit 2 YE Inventory Parts
Module 4 YE Customize Forms
Unit 1 YE Customize Logo and Forms
Module 5 YE Name File
Unit 1 YE Lists
Unit 2 YE Customers List
Unit 3 YE Vendors Center & Employees
Module 6 YE Banking
Unit 1 YE Banking
Module 7 YE Billing Customers
Unit 1 YE Billing Customers
Module 8 YE Buying Inventory And Paying Vendors
Unit 1 YE Buying Inventory & Paying Vendors
Module 9 YE Selling Inventory And Sales Tax Payable Report
Unit 1 YE Selling Inventory and Sales Tax Report
Module 10 YE Financial Reports
Unit 1 YE Financial Reports

My name is Vicki McCay.  I’m a wife and homeschooling mother, who has an Amazon FBA business and does accounting for three other local small businesses.  With many years in automotive (double-entry) accounting under my belt, QuickBooks was a logical solution when we started a 401(c)3 mission organization almost twenty years ago.  Learning it was hard, but with perseverance, I succeeded in setting up the accounting system for the non-profit.

I left the automotive business to be a full-time mommy to our son.  Once he started school (public school at the time), I accidentally got a part-time job as a personal assistant and bookkeeper!  It’s a long story how that happened.  Just saying, volunteering for Meals on Wheels can be dangerous to your unemployment plans.  Anyway, with the part-time job, I was still able to be home with our son when he was out of school.

After a few years of the part-time gig, I decided to make a go of staying home again.  Personal assisting is not something you can just drop.  So, I still help my former employer with his accounting and personal stuff.  That has since turned into three businesses for which I’m doing the accounting.

Then a couple years ago, I started investigating options for what we’d do when my husband retired.  We’ll be debt free, except for living expenses – utilities and food.  We won’t need much, but we will need some.  So, one day I stumbled upon another business opportunity, Amazon FBA.  It intrigued me because I liked the fact that it was something I could do without being tied to the house or inventory.  We want to be able to travel on the spur of the moment, you know.  Homeschooling fits our lifestyle too.

Being an entrepreneur and teacher at heart, it is only natural to share what we learn with others.  Hope you enjoy the ride with us.

Important: Information in this document does not constitute tax or legal advice and must not be used as such.  If you have tax or legal questions, please contact your professional adviser.  This course is simply to demonstrate how to use the accounting software.