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Intuit Quickbooks 2007

Learn to use Quickbooks 2007 for Accounting and More

Course Duration: 07:27:43
Basic Accounting Fundamentals
Does the word "accounting" make you break out into a cold sweat? Are you worried that you need an accounting degree to use Quickbooks? This video will help calm your fears as we show you the basics that everyone should know about double-entry accounting and what Quickbooks does for you in the way of accounting.
Installation and Setup
As a software package, there aren't too many "gotchas" when it comes to installing Quickbooks 2007. However, there are a few things that can help you with the EZ Setup Interview that runs when you first start up a company in Quickbooks. We cover all the fun in this introductory video.
Lists Part 1 - Item List
Believe it or not, your accounting software needs to know what you are tracking, paying, and moving around. That's what the Item list is for. Everything you sell, buy, spend, etc. needs to be on a list that Quickbooks can use when performing its magic.
Lists Part 2 - Vendor, Customer, Employee
More lists that are vital to your success include who you buy things from, who you sell things to, and who you pay to keep your company running. How you set these lists up will define how easy data entry is in the future when doing business.
Lists Part 3 - Chart of Accounts
The key to successful accounting is to have an accurate and fully setup Chart of Accounts. In this video we show you how the numbering system works as well as how to utilize it in order to keep your accountant happy.
Invoices and Credits
You have customers, they want to buy your goods and services, and at some point you need to send them a bill. This video shows how to send invoices and track accounts receivable.
Processing Payments
Now that you've invoiced your customers and the check has arrived, what do you do next? Process the payments. Everything from marking invoices as paid to depositing your funds.
Accounts Payable/Paying Bills
At some point you will incur expenses for everything from office supplies to contractor services. You can track these expenses through Accrual based bill keeping, or you can just wait until the bill is due and write a check. Either way, QuickBooks has you covered.
If you resell products or create things to sell, you will typically have inventory. Here we show how QuickBooks can track your inventory, warn you when you are getting low, and help keep track of everything your business owns or sells.
Writing Checks or Paying Cash
While you might have entered your Bills into QuickBooks, that doesn't mean you've written the check yet. Here we see how you can print checks, pay cash, or even use an Online Bill pay service.
Budgets and Planning Tools
We all need a plan when it comes to spending and QuickBooks gives you powerful Budgeting Tools as well as Cash Flow predictors, Measure Profitability, and more. Using these tools will give you the edge in your business.
Tracking Time and Mileage
Time is money. At least it is if you are paid by the hour! This video shows how either the administrator or even the employee/contractor can track the time they spend on work and export it to QuickBooks for payroll or billing persons. You also can track mileage on company vehicles easily and effectively.
Banking - Reconciling your Checkbook
When we receive the statement from the Bank saying we have a certain amount of money in our account, how do we know that it is correct? Reconciling. We are able to mark the items in our account register as reconciled against what the Bank says we have performed. QuickBooks makes it easy to track down any discrepancies between your records and the Bank's.
End of Year and Modifying Reports
At the end of your fiscal year, there are several reports that you need to run. Reports for taxes, 1099's, etc. QuickBooks comes with excellent default settings, but sometimes you might need more or less on that report. Modification is as easy as clicking a few buttons.
Basic Payroll Services
One of the more powerful tools offered by QuickBooks is the ability to do your own payroll right from QuickBooks. There are several levels of support that are subscription based -- here we show you the fundamentals using the basic service for small businesses.

No Bookmarks

This video training with Chris Ward covers Intuit Quickbooks 2007, including invoices and credits, banking, and more.

Recommended skills:
  • Understanding of business finance concepts
  • Experience using previous editions of Quickbooks

Recommended equipment:
  • Intuit Quickbooks 2007

Related certifications:
  • None

Related job functions:
  • Business managers
  • Accountants
  • Financial professionals

If you or an employee use Quickbooks 2007 to handle your business finances, this series is for you.

You'll learn exactly how to use Quickbooks 2007 to manage your business, from tracking inventory, customers, and accounts, to handling accounts receivable and accounts payable, to budgeting, payroll, and taxes.

This series covers all the bases of Quickbooks 2007.

You'll be up and running with Quickbooks in no time. This series is full of step-by-step instructions that will make it easy. The complicated task of managing your finances is turned into simple processes anybody can follow without getting frustrated.

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Chris Ward

Chris Ward

CBT Nuggets Trainer

A+ 2003, Network+, iNet +, MCSE Windows 2000 CCNA, CCDA, CCNP, CWLSS, PMP

Area of Expertise:
Project Management. Microsoft Office, Cisco Wireless, End User training, Train the Trainer skills

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