Welcome to the Fit Small Business complimentary QuickBooks Online lessons. Whether you are new to QuickBooks Online or could benefit from a better comprehension of the program, these lessons are designed for you. Each QuickBooks lesson offers a comprehensive tutorial complete with text, examples, and a comprehensive video demonstration.
While there are many good accounting software alternatives for businesses, we rated QuickBooks Online as the finest. These complimentary QuickBooks lessons will help you harness the power of QuickBooks Online while saving you time and frustration. If you’re prepared to purchase the product, Quickbooks Online is extending a 50% discount to new customers for three months or a 30-day free trial.
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Our complimentary QuickBooks course consists of eight lessons.
Setting Up QuickBooks
In this lesson, you will learn how to set up crucial areas of QuickBooks such as bank and credit card accounts, invoice templates, products and services, and the chart of accounts. By the time you finish this QuickBooks online lesson, you will be prepared to begin using QuickBooks to manage all of your income and expenses.
The features and settings that you choose in this lesson will impact every area of QuickBooks. For instance, you will establish the default payment terms for customer invoices and vendor bills. You will also decide whether to enable inventory quantity and cost tracking.
The Setting Up QuickBooks lesson comprises the following tutorials:
Managing Sales and Income
This lesson covers how to record your sales and track your income in QuickBooks Online. There are two types of sales in QuickBooks: credit sales and cash sales. By the conclusion of this lesson, you will be able to keep track of your credit sales by creating and emailing invoices to your customers as well as recording cash sales where no invoice is necessary.
You will also learn how to apply payments received to outstanding invoices so that your accounts receivable (A/R) is up to date and income is not counted twice. After this lesson, learn about A/R aging reports, which will help you manage unpaid invoices.
The Managing Sales and Income in QuickBooks lesson comprises the following tutorials:
Managing Bills and Expenses
This lesson covers how to manage your bills and record expenses in QuickBooks. As a small business owner or manager, you understand that managing expenses is as critical as generating sales. By the end of this QuickBooks lesson, you will be able to keep track of expenses in a couple of ways.
Firstly, you can write and print checks directly from QuickBooks to pay for expenses that require immediate payment. Secondly, you will be able to manage what you owe to vendors by entering and tracking bills. You will learn to enter the payment of these bills correctly so that the expense is not recorded twice.
The Managing Bills and Expenses in QuickBooks lesson comprises the following tutorials:
Managing Banking Transactions
You will be able to manage all of your downloaded banking transactions by the conclusion of this lesson. You will also understand how to enter basic banking transactions manually. Finally, you can use the reconcile tool to ensure the transactions on your bank statement match what has been entered into QuickBooks, resulting in up-to-date financial statements.
If you need a refresher, we walked through how to import your banking transactions into QuickBooks in Lesson 1, Tutorial 9. The Managing Banking Transactions in QuickBooks lesson comprises the following tutorials:
Managing Business Credit Card Transactions
Bookkeeping is much simpler when cash transactions are kept to a minimum. One way to limit cash transactions is to use a credit card. This lesson will teach you to download and track your credit card purchases in QuickBooks and reconcile them with your credit card statement to ensure that they match.
The Managing Business Credit Card Transactions in QuickBooks lesson comprises the following tutorials:
Managing Credit Card Sales
By the conclusion of this lesson, you will be able to manage credit card sales with either a QuickBooks Payments account integrated with QuickBooks or a third-party credit card processor. You should consider accepting credit card payments as a convenience for your customers and to increase the speed that you collect outstanding invoices.
The Managing Credit Card Sales in QuickBooks lesson comprises the following tutorials:
Set Up and Manage Payroll
By using QuickBooks Payroll, all your wages, salaries, and payroll taxes will be included automatically in your financial statements. After this lesson, you’ll be able to set up employees in QuickBooks, enter and run payroll, pay employees by direct deposit or check, and reconcile your payroll taxes.
The Set Up and Manage Payroll lesson comprises the following seven tutorials:
Reporting in QuickBooks Online
QuickBooks will generate important reports that will provide you, your accountant, and your banker important insights into the financial health of your business. This QuickBooks lesson will teach you the importance of and how to print the profit and loss report, balance sheet report, statement of cash flows, and A/R and accounts payable (A/P) aging reports.
One of the primary purposes of using bookkeeping software like QuickBooks Online is to determine the health of your business at any given point in time. Having the ability to produce solid, accurate financial statements can benefit you in the following ways:
- You might gain potential investors
- You might secure a business loan or line of credit
- You can make better business decisions, such as whether you should sell a new product or service or drop one that is not performing well
The Reporting in QuickBooks lesson comprises the following tutorials:
Our QuickBooks Online tutorial will teach you the fundamentals you need to know to start keeping the books for your small company or employer. Don’t be overwhelmed by the size of the tutorial―take one lesson or tutorial at a time. Get started today.