Compare leading online software packages with a practicing Certified Public Accountant (CPA)
What you will learn
Set up QuickBooks Online & Xero accounting software
Navigate QuickBooks Online & Xero accounting software
Enter normal business transaction into accounting software
Reconcile bank accounts using accounting software
Generate and analyze reports including a balance sheet, an income statement, and supporting reports
Export Reports to Excel
Description
This course will compare two leading online accounting software applications, QuickBooks Online and Xero, in a step by step format.
This is a comprehensive accounting course.
We will discuss the purchasing options and the best tools to learn these accounting software packages at the lowest cost.
Learners will understand how to set up a new company file in each software package.
The course will demonstrate how to navigate each software package and how to generate, analyze, and customize common financial reports.
We will learn how to create inventory and service items and how they are used to create invoices, purchase orders, and sales receipts.
The course will show how to enter two months of data in a step by step process, comparing the two accounting software packages at every level along the way.
The course will demonstrate how to complete bank reconciliations and enter adjusting and reversing entries.
We will also learn how bank feeds work. Bank feeds are the ability to connect directly to the bank and download financial information into the accounting software.
The course will provide practice data to learn how bank feeds work. Learners will also understand how to make bank rules to automate the bookkeeping process further.
English
language
Content
Getting Started – Getting Setup
QuickBooks .05 Recommendations For Success
QuickBooks .10 Purchase With 30 Day Trial
.10 Xero Free 30-Day Tral
QuickBooks .12 Bank Feeds
Xero .12 Bank Feeds Overview
QuickBooks 1.05 Navigation Overview
Xero 1.05 Navigation Overview
Customer Cycle , Cycle, or Accounts Receivable Cycle
QuickBooks 1.15 Customers Section Flow
Xero 1.15 Customers Section Flow
QuickBooks 1.16 Customers Section Invoice
Xero 1.16 Customer Section Invoice
QuickBooks 1.17 Customers Section Receive Payment
Xero 1.17 Customers Section Receive Payment
QuickBooks 1.18 Customers Section Deposit
Xero 1.18 Customers Section Deposit from Clearing
QuickBooks 1.19 Customers Section Sales Receipts
Xero 1.19 Customers Section Sales Receipts
Vendor Cycle, Purchases Cycle, or Sales Cycle
QuickBooks 1.20 P1 Vendors Section Flow
QuickBooks 1.20 P2 Vendors Section Bill Form
Xero 1.20 Vendors Section Bill Form
QuickBooks 1.22 Vendors Section Pay Bill Form
Xero 1.22 Vendor Section Payable Payment
QuickBooks 1.23 Vendors Section Purchase Order
Xero 1.23 Vendors Section Purchase Order
QuickBooks 1.24 Vendors Section Check
Xero 1.24 Vendors Section Check
Employee Cycle and Other Core Features
QuickBooks 1.25 Employee Section
Xero 1.25 Employee Section
QuickBooks 1.28 Others Section
Xero 1.28 Others Section
QuickBooks 1.30 Reports
Xero 1.30 Reports
QuickBooks 1.35 Lists
QuickBooks 1.40 Help Options
Xero 1.40 Help Options
QuickBooks 1.45 Print & Export Reports to Excel
Xero 1.45 Print & Export Reports to Excel
QuickBooks 1.50 Backup Options
Xero 1.50 Backup Options
Balance Sheet Reports
QuickBooks Data Files to Download
Xero Data Files to Download
QuickBooks 2.10 Balance Sheet
Xero 2.10 Balance Sheet
QuickBooks 2.15 Balance Sheet Report Options
Xero 2.15 Balance Sheet Report Settings
QuickBooks 2.20 Header Footer Options
Xero 2.20 Balance Sheet Edit Layout
QuickBooks 2.22 Formatting Options
QuickBooks 2.30 Comparative Balance Sheet
Xero 2.30 Comparative Balance Sheet
QuickBooks 2.40 Summary Balance Sheet
Xero 2.40 Summary Balance Sheet
QuickBooks 2.50 Memorize Custom Report Group
Xero 2.50 Memorize Custom Report Group
Profit and Loss or Income Statement Reports
QuickBooks Data Files to Download
Xero Data Files to Download
QuickBooks 3.10 Profit and Loss
Xero 3.10 Income Statement
QuickBooks 3.15 Income Statement Custom & Memorize
Xero 3.20 Comparative Income Statement
QuickBooks 3.20 Comparative Profit & Loss
QuickBooks 3.25 Vertical Analysis Profit & Loss
Xero 3.25 Vertical Analysis Income Statement
QuickBooks 3.30 % of Expense Profit & Los
Xero 3.30 % of Expense Income Statement
Statement of Cash flows & Other Common Reports
QuickBooks Data Files to Download
Xero Data Files to Download
QuickBooks 4.10 Statement of Cash Flows
Xero 4.10 Statement of Cash Flows
QuickBooks 4.20 Sales By Customer Report
Xero 4.20 Income By Contact Report
QuickBooks 4.25 Sales by Product Or Item Report
QuickBooks 4.30 Accounts Receivable Aging Report
Xero 4.30 Aged Receivables Report
QuickBooks 4.35 Accounts Payable Aging Report
Xero 4.35 Aged Payables Reports
QuickBooks 4.40 Sales Graphs
Xero 4.40 Sales Graphs
Xero 4.45 AR & AP Graphs
Course Project Start – Set Up New Company File, Preferences, & Users
QuickBooks Data Files to Download
Xero Data Files to Download
QuickBooks 6.05 Set up Company Information & Preferences Part 1
Xero 6.01 Set Up Organization Details
Xero 6.02 Users Add & Manage
Xero 6.03 Add Apps, Currencies, & Subscriptions
Xero 6.05 Payment Services, Invoicing, & Features
Xero 6.06 Projects, Files, & Other Settings
QuickBooks 6.07 Set up Company Information & Preferences Part 2
QuickBooks 6.08 Manage Users Custom Form Styles
Set Up Service & Inventory Items & Enter Inventory Beginning Balance
QuickBooks 6.09 Objective
Xero 6.09 Objective
QuickBooks 6.10 Items – Service Set Up Part 1
Xero 6.10 Items – Service Set Up Part 1
QuickBooks 6.11 Items – Service Set Up Part 2
Xero 6.11 Items – Service Set Up Part 2
QuickBooks 6.13 Items – Inventory Set Up Part 1
Xero 6.13 Items – Inventory Set Up Part 1
QuickBooks 6.14 1 Items – Inventory Set Up Part 2
Xero 6.14 Items – Inventory Set Up Part 2
QuickBooks 6.14 Items – Inventory Reports
Xero 6.14 Items – Inventory Set Up Part 3
Add Customers & Vendors – Enter AR and AP Beginning Balances
QuickBooks 6.15 Set Up Customers & Beginning Balances Part 1
Xero 6.15 Set Up Customers & Beginning Balances
QuickBooks 6.16 Set Up Customers & Beginning Balances Part 2
QuickBooks 6.20 Set Up Vendors & Beginning Balances
Xero 6.20 Set Up Vendors & Beginning Balances
Add Accounts & Beginning Balances, Checking, Credit Card, Notes Payable, Equip.
QuickBooks 6.25 Add Bank Account
Xero 6.25 Add Bank Account
QuickBooks 6.26 Add Credit Card Account
Xero 6.26 Add Credit Card
QuickBooks 6.27 Add Notes Payable Account
Xero 6.27 Add Notes Payable
QuickBooks 6.28 Add Equipment Account
Xero 6.28 Add Equipment Account
Adjust Equity, Payroll Options, & Reports
QuickBooks 6.35 Payroll Options
Xero 6.35 Payroll Options
QuickBooks 6.50 Adjust Beginning Account Balances
QuickBooks 6.55 Generate Transaction Detail Report
Xero 6.55 Generate Transaction Detail Report
Deposits from Owner & Loan, Purchase Furniture, Sales Tax Set Up
QuickBooks 7.05 Record Owner & Loan Deposit
Xero 7.05 Record Owner & Loan Deposit
QuickBooks 7.10 Part 1 Record Purchase Furniture
Xero 7.10 1 Record Purchase Furniture
QuickBooks 7.10 Part 2 Short Term Investment
Xero 7.10 2 Record Short-Term Investment
QuickBooks 7.16 Sales Tax Set Up
Xero 7.16 Sales Tax Set Up
Month 1 – Purchase Orders & Invoices
QuickBooks 7.17 Purchase Order Part 1
Xero 7.17 Purchase Order Part 1
QuickBooks 7.18 Purchase Order & Add Inventory Item
Xero 7.18 Purchase Order & Add Inventory Item
QuickBooks 7.20 Create an Invoice with Inventory Part 1
Xero 7.20 Part 1 Create an Invoice with Inventory Part 1
QuickBooks 7.20 Create an Invoice with Inventory Part 2
Xero 7.20 Part 2 Create an Invoice with Inventory
Month 1 – Receive Payments Forms
QuickBooks 7.25 Part 1 Receive Payment
Xero 7.25 Part 1 Receive Payment
QuickBooks 7.25 Part 2 Receive Payment
Xero 7.25 Part 2 Receive Payment
Month 1 – Sales Receipt & Deposit
QuickBooks 7.30 Part 1 Sales Receipt Part 1
Xero 7.30 Part 1 Sales Receipt
QuickBooks 7.30 Part 2 Sales Receipt Service Item
Xero 7.30 Part 2 Sales Receipt Service Item
QuickBooks 7.35 Deposit Records Group Deposits
Xero 7.35 Deposit Records Group Deposits
Month 1 – Receive Inventory & Link Expense Form to Purchase Order
QuickBooks 7.40 Inventory Payment Link to P.O. Part 1
Xero 7.40 1 P.O. Billed & Paid Part 1
QuickBooks 7.40 Inventory Payment Link to P.O. Part 2
Xero 7.40 2 P.O. Billed & Paid Part 2
Month 1 – Create Invoice From Linked Billable Expense & Make Deposit
QuickBooks 7.45 Invoice Created By Billable Expense Part 1
Xero 7.45 Invoice Created From Purchase Order Part 1
QuickBooks 7.46 Create Invoice From Billable Expense Part 2
Xero 7.46 Invoice Created From Purchase Order Part 2
QuickBooks 7.50 Receive Payment & Make Deposit
Xero 7.50 Receive Payment & Make Deposit
Month 1 – Enter Checks & Expenses & Pay Bills
QuickBooks 7.55 Enter Check & Expense Forms
Xero 7.55 Enter Check & Expense Forms
QuickBooks 7.60 Pay Bills
Xero 7.60 Pay Bills
Month 1 – Customer Jobs & Sub Customers, Projects, & Payroll
QuickBooks 7.65 Customer Jobs or Sub Customer
Xero 7.65 Projects
QuickBooks 7.70 Pay Employees Part 1
Xero 7.70 Pay Employees Part 1
QuickBooks 7.71 Pay Employees Part 2
Xero 7.71 Pay Employees Part 2
QuickBooks 7.75 Job or Sub Customer Sales Receipt
Xero 7.75 Sales Receipt Service Item
Month 1 – Reports & Review of Data Input
QuickBooks 7.80 Generate Report Export to Excel
Xero 7.80 Generate Report Export to Excel
Month 2 – Loan Payments & Short Term Investment Sale
QuickBooks 8.02 Consolidate Loans
Xero 8.02 Consolidate Loans
QuickBooks 8.03 Loan Amortization Table
Xero 8.03 Loan Amortization Table
QuickBooks 8.05 Make Loan Payments
Xero 8.05 Make Loan Payments
QuickBooks 8.10 Short Term Investment Deposit
Xero 8.10 Short Term Investment Deposit
Month 2–Purchase Order, Enter Bill for Inventory, Sales Receipt, & Deposit
QuickBooks 8.15 Purchase Order With New Inventory Item
Xero 8.15 Purchase Order With New Inventory Item
QuickBooks 8.20 Receive Inventory Requested With P.O. Enter Bill
Xero 8.20 Receive Inventory Requested With P.O. Enter Bill
QuickBooks 8.25 Sales Receipts & Deposit
Xero 8.25 Sales Receipts & Deposit
Month 2 – Advanced Payments & Apply Credit to Invoice
QuickBooks 8.30 Advanced Payment From Customer
Xero 8.30 Advanced Payment From Customer
QuickBooks 8.35 Apply Credit Or Advanced Payment to Invoice
Xero 8.35 Apply Credit Or Advanced Payment to Invoice
QuickBooks 8.40 Record Sales on Account
Xero 8.40 Record Sales on Account
QuickBooks 8.45 Advance Customer Payment or Deposit
Xero 8.45 Advance Customer Payment or Deposit
Month 2 – Enter Bills, Pay Bills, Customer Payment, Pay Sales & Payroll Tax
QuickBooks 8.50 Bills Track & Pay
Xero 8.50 Bills Track & Pay
QuickBooks 8.55 Customer Payment & Deposit
Xero 8.55 Customer Payment & Deposit
QuickBooks 8.60 Pay Sales Tax
Xero 8.60 Pay Sales Tax
QuickBooks 8.65 Pay Payroll Tax
Xero 8.65 Pay Payroll Taxes
QuickBooks 8.70 Enter Bills & Pay Bills
Xero 8.70 Enter Bills & Pay Bills
Month 2 – New Service Items to Invoice, Finance Equipment, & Payroll
QuickBooks 8.75 Enter Service Items & Invoices
Xero 8.75 Enter Service Items & Invoices
QuickBooks 8.77 Purchase Equipment with Debt
Xero 8.77 Purchase Equipment with Debt
QuickBooks 8.80 Payroll
Xero 8.80 Payroll
QuickBooks 8.90 Rental Income New Service Item New Income Account
Xero 8.90 Rental Income New Service Item New Income Account
Month 2 – Month End Reports
QuickBooks 8.95 Comparative Financial Statements
Xero 8.95 Comparative Financial Statements
Bank Reconciliations
QuickBooks 9.02 Bank Reconciliation Objective
Xero 9.02 Bank Reconciliation Objective
QuickBooks 9.10 Bank Reconciliation First Month Part 1 Deposits
Xero 9.10 Bank Reconciliation First Month Part 1 Deposits
QuickBooks 9.11 Bank Reconciliation First Month Part 2
QuickBooks 9.12 Bank Reconciliation First Month Part 3 Review Report
Xero 9.11 Bank Reconciliation First Month Part 2
QuickBooks 9.14 Bank Reconciliation Second Month Part 1
Xero 9.14 Bank Reconciliation Second Month Part 1 Deposits
QuickBooks 9.15 ank Reconciliation Second Month Part 2
QuickBooks 9.17 Bank Reconciliation Second Month Part 3
Xero 9.15 Bank Reconciliation Second Month Outflows
Month End Adjusting Entries & Reversing Entries
QuickBooks 10.10 Short Term Loan Adjusting Entry
Xero 10.10 Short Term Loan Adjusting Entry
QuickBooks 10.11 Short Term Portion Of Loan Adjusting Entry
Xero 10.11 Short Term Portion Of Loan Adjusting Entry
QuickBooks 10.15 Accrued Interest Adjusting Entry
Xero 10.15 Loan Payable Adjusting Entry #2
QuickBooks 10.17 Reversing Entry Notes Payable
Xero 10.17 Reversing Entry Notes Payable
QuickBooks 10.25 Accrued Interest Reversing Entry
Xero 10.25 Accrued Interest Reversing Entry
Xero 10.25 Invoice & AR Adjusting Entry
QuickBooks 10.25 Invoice & AR Adjusting Entry Part 1 The Problem
QuickBooks 10.26 Invoice & AR Adjusting Entry Part 2 Solution
Xero 10.26 Invoice & AR Adjusting Entry Part 2 Solution
QuickBooks 10.35 Accounts Receivable Reversing Entry
Xero 10.35 Accounts Receivable Reversing Entry
QuickBooks 10.40 Prepaid Insurance Adjusting Entry
Xero 10.40 Prepaid Insurance Adjusting Entry
QuickBooks 10.45 Depreciation Adjusting Entry
QuickBooks 10.45 Unearned Revenue Adjusting Entry
QuickBooks 10.55 Unearned Revenue Reversing Entry
Xero 10.45 Depreciation Adjusting Entry
QuickBooks 10.57 Journal Report & Financial Statements
Xero 10.57 Journal Report & Financial Statements
Bank Feeds
QuickBook Bank Feed Data Files
Xero Data Files to Download
QuickBooks 315 How Do Bank Feeds Fit Into My Accounting System
Xero 315 How Do Bank Feeds Fit Into My Accounting System
QuickBooks 320 Project Outline
Xero 320 Project Outline
QuickBooks 325 Set Up Bank Feeds
Xero 325 Set Up Bank Feeds
QuickBooks 360 Download Transactions From Bank
Xero 360 Download Transactions From Bank
QuickBooks 365 Import Bank Data
Xero 365 Import Bank Data
QuickBooks 370 Add Expense transactions
Xero 370 Add Expense transactions
QuickBooks 375 Add Capital Expenditures
Xero 375 Add Capital Expenditures
Xero 376 Add Capital Expenditures Part 2
QuickBooks 380 Add Inventory Purchase
Xero 380 Add Inventory Purchase
QuickBooks 385 Add Amount Paid for Investment
Xero 385 Add Amount Paid for Investment
QuickBooks 390 Add Owner Withdraws
Xero 390 Add Owner Withdraws
QuickBooks 395 Add Bank Service Charge
Xero 395 Add Bank Charge
QuickBooks 395 Add Customer Deposits
Xero 395 Customer Deposit
QuickBooks 400 Sales Tax
Xero 400 Sales Tax Calculation
Xero 400 Sales Tax Set Up
QuickBooks 405 1 Deposit Owner
Xero 405 Deposit Loan
QuickBooks 405 Deposit Loan
Xero 405 Deposit Owner
Xero 406 Bank Beginning Balance
QuickBooks 407 Bank Reconciliation
QuickBooks 410 Compare Cash to Accrual
QuickBooks 415 Upload Bank Transactions
Xero 415 1 Upload Bank Transactions
QuickBooks 420 Add Expenses
Xero 415 2 Add Expenses
QuickBooks 420 Add Insurance
Xero 420 Add Insurance
QuickBooks 425 Add Payroll Checks
Xero 425 Add Payroll Checks
QuickBooks 430 Add Inventory
Xero 430 1 Add Inventory
QuickBooks 430 Add Loan Payments
Xero 430 2 Add Loan Payment
QuickBooks 435 Add Draw
Xero 435 Add Draw
QuickBooks 440 Invoice & Bank Feeds
QuickBooks 440 Receive Payments & Bank Feeds
Xero 440 1 Receive Payments On Invoice
Xero 440 2 One Deposit Two Invoices
QuickBooks 445 Sales Receipt & Bank Feeds
Xero 445 Sales Receipt & Bank Feeds
QuickBooks 450 Bank Reconciliation
Xero 450 Bank Reconciliation
QuickBooks 455 Reports After Second Month
QuickBooks 460 Credit Card Bank Feeds Upload
Xero 460 Credit Card Bank Feeds Upload
QuickBooks 465 Add Credit Card Bank Feed Data
Xero 465 1 Add Credit Card Bank Feed Data
QuickBooks 470 Reconcile Credit Card
QuickBooks 470 Upload Bank Transactions
Xero 470 1 Reconcile Credit Card
Xero 470 2 Upload Bank Transactions to Create Bank Rules
QuickBooks 475 Bank Rules Deposit Same Customer Different Account
Xero 475 Bank Rules Deposit Same Customer Different Account
QuickBooks 480 Bank Rules Amount Limit
Xero 480 Bank Rules Amount Limit
QuickBooks 485 Bank Rules Split Into Two Accounts
Xero 485 Bank Rules Split Into Two Accounts
QuickBooks 490 Bank Rules One Vendor Two Expense Accounts
Xero 490 Bank Rules One Vendor Two Expense Accounts
QuickBooks 495 Bank Rules More Rules & Techniques
Xero 495 Bank Rules More Rules