QuickBooks Advanced: Workflows, Inventory & the Accounting Cycle
Learning objectives
- Configure inventory preferences, purchase order settings, and sales tax settings in QuickBooks Online.
- Process purchase orders, inventory receipts, vendor credits, vendor bill payments, and customer sales and returns involving products and services.
- Record balance sheet activity, including prepayments, fixed asset purchases, petty cash, recurring entries, journal entries, and account transfers.
- Generate reports that support review, audit preparation, and management analysis.
- Configure custom fields and user permissions to support data capture, reporting, and internal control.
- Prepare financial reports, including depreciation adjustments, financial statements, and period-end closing in QuickBooks Online.
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