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QuickBooks for personal bookkeeping, finance, and accounting. Enter personal financial data, financial Statements

What you will learn

How to track personal bookkeeping, financial data, & tax information using QuickBooks

How to create and analyze personal financial statements from QuickBooks including a balance sheet and income statement or profit and loss

How to set up a personal QuickBooks file and enter the chart of accounts

How to enter personal data into QuickBooks, setting up new accounts as is needed, using a personal bank statement

How to track business financial data in a separate QuickBooks file and record intercompany transactions, those between a personal account and a business account

How to track and record personal investment data using QuickBooks

Hot to track personal home valuation using QuickBooks

How to record home loan balance and related payments of both interest and prinipal

How to enter W-2 wages into personal QuickBooks files, breaking out gross pay and withholding amounts

How to enter and track personal credit card payments and balances using QuickBooks

How to track auto valuation using QuickBooks

Methods for tracking prepaid amounts such as insurance using QuickBooks

Description

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

English

Language

Content

Introduction

Introduction

Personal QuickBooks File-Set Up & Enter Data For First Month

2 Personal QuickBooks File-Set Up & Enter Data For First Month

520 Set Up New QuickBooks Personal File

QuickBooks Backup FIles

PDF – Credit Card Statement – January

525 Add Checking Account & Beginning Balance Personal QuickBooks

530 Enter Business Deposits From Personal Bank Statement January

PDF – Credit Card Statement – January

535 Enter Personal Cash Outflows Transfer to Business Checking, Entertainment, &

540 Enter Personal Cash Outflows Credit Cards, College Costs, & Phone January

545 Enter Personal Cash Outflows Mortgagee, Medical, & IRA January

550 Bank Reconciliation Personal Account January

555 Print Reports Personal Account January

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Separate Business QuickBooks File-Set Up & Enter Data For First Month

3 Separate Business QuickBooks File-Set Up & Enter Data For First Month

420 Set Up New QuickBooks Business File

QuickBooks Backup File

PDF – Bank Statement Business Account – January

425 Add Checking Account & Beginning Balance

430 Enter Business Deposits From Business Bank Statement January

435 Enter Business Outflows From Business Bank Statement January

440 Bank Reconciliation Business Account January

445 Print Reports Business Account January

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Compare Separate Business & Personal QuickBooks Files For First Month

4 Compare Separate Business & Personal QuickBooks Files For First Month

QuickBooks Backup Files

610 Compare Business & Personal January

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Personal QuickBooks File-Enter Data For Second Month

5 Personal QuickBooks File-Enter Data For Second Month

QuickBooks Backup Files

PDF – Bank Statement – Personal Account – February

745 Enter Business Deposits From Personal Bank Statement February

PDF – Credit Card Statement – February

747 Enter Personal Cash Outflows Food, Personal Books, & Charity February

750 Enter Personal Cash Outflows Credit Cards, College Costs, & Phone February

757 Enter Personal Cash Outflows Mortgagee, Medical, & Utilities February

760 Bank Reconciliation Personal Account February

762 Print Reports Personal Account February

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Separate Business QuickBooks File-Enter Data For Second Month

6 Separate Business QuickBooks File-Enter Data For Second Month

QuickBooks Backup Files

PDF – Bank Statement – Business Account – February

722 Enter Business Deposits From Business Bank Statement February

724 Enter Business Outflows From Business Bank Statement February

726 Bank Reconciliation Business Account February


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728 Print Reports Business Account February

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Compare Separate Business & Personal QuickBooks Files For Second Month

7 Compare Separate Business & Personal QuickBooks Files For Second Month

QuickBooks Backup Files

772 Compare Business & Personal February

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Make Copy of Personal File

8 Make Copy of Personal File

Copy Personal QuickBooks File

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Track Investments In Personal QuickBooks File

9 Track Investments In Personal QuickBooks File

QuickBooks Backup Files

PDF – Investment Statements

Use QuickBooks File Q1

Q1 842 Record Investment At Cost Using One Account Personal QuickBooks

Q1 844 Record Investments At Market Using One Account Personal QuickBooks

Q1 846 Record Investment Activity For January No Effect On Income Statement Pers

Q1 847 Record Investment Activity For January Increasing Other Income Personal Q

Q1 848 Record Investment Activity For February Increasing Other Income Personal

Use QuickBooks File Q2

Q2 852 Record Investments At Cost & Market Value December Personal QuickBo

Q2 853 Record Investments At Cost & Market Value December Separate Accounts Pers

Q2 854 Record Investments At Cost & Market Value January Separate Accounts Perso

Q2 856 Record Investments At Cost & Market Value February Separate Accounts Pers

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Track Home Value In Personal QuickBooks File

10 Track Home Value In Personal QuickBooks File

QuickBooks Backup File

Use QuickBooks File Q1

Q1 882 Record Home At Cost Personal QuickBooks

Q1 884 Record Home Increase In Value Personal QuickBooks

Use QuickBooks File Q2

Q2 892 Record Home At Appraised Value Using Two Accounts Personal QuickBo

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Enter Home Loan / Mortgage In Personal QuickBooks File

11 Enter Home Loan Mortgage In Personal QuickBooks File

QuickBooks Backup File

Amortization Schedule – Home Loan

Use QuickBooks File Q1

Q1 902 Record Home Loan Adjust To Loan Statement Personal QuickBo

Use QuickBooks File Q2

Q2 905 Record Home Loan & Make Amortization Table Personal QuickBo

Q2 907 Record Home Loan & Adjust Loan Payments Personal QuickBooks

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Enter W-2 Employee Income In Personal QuickBooks File

12 Enter W-2 Employee Income In Personal QuickBooks File

QuickBooks Backup File

PDF – Paycheck Stub

Use QuickBooks File Q2

Q2 910 Record Paycheck Personal QuickBooks

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Enter Credit Card Purchases, Payments, & Liabilities In Personal QuickBooks File

13 Enter Credit Card Purchases, Payments, & Liabilities In Personal QuickBooks F

QuickBooks Backup Files

PDF – Credit Card Statement – January & February

Use QuickBooks File Q2

Q2 915 Credit Card Liabilities Personal QuickBooks

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Enter Auto Value & Loan In Personal QuickBooks File

14 Enter Auto Value & Loan In Personal QuickBooks File

QuickBooks Backup Files

Use QuickBooks File Q1

Q1 917 Auto – Simple Method Personal QuickBooks

Use QuickBooks File Q2

Q2 919 Auto – Record & Depreciate Personal QuickBooks

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Allocate Insurance & Prepaid Expenses In Personal QuickBooks File

15 Allocate Insurance & Prepaid Expenses In Personal QuickBooks File

QuickBooks Backup File

Use QuickBooks File Q2

920 Allocate Insurance Costs Personal QuickBooks

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