Class 3 – “All the Accounting You Need to Know”
Learning Objectives: The objective of this class is to assist users of QuickBooks in obtaining a functional understanding of reporting options in QuickBooks and the importance of understanding and evaluating the financial data in measuring business stability, profitability and performance.
By attending this session, you will learn the details of:
· Creating and customizing reports
· Understanding and obtaining value from the reports
· Analytical tools
· Preparing and using a budget
Course Content:
Taught using a combination of instructional lecture and visual exercises, this course will cover:
Creating and Customizing Reports to
Su
it Your Business Needs
ü Detailed quick reports
ü Preset financial reports
ü Customizing reports and using filters to define data requirements
ü Memorizing reports – creating month end procedures for analysis
Measuring Business Profitability
ü Complete understanding of key financial reports
o Balance sheet
o Profit and loss
o Statement of cash flows
ü Using analytical tools
o Comparison reporting
o Measurements of business stability and operational activity
ü Budgets and forecasting
o Developing and preparation
o Reports and understanding
Who Should Attend:
This course is designed for all users of QuickBooks, business owners/managers, and support staff. It will provide a comprehensive understanding of the connection between the data entered into QuickBooks in relation to how it is reported, but more importantly, the importance of understanding the reports so they can be utilized in measuring business performance.
Course Level: Intermediate
Prerequisite: Basic working knowledge of QuickBooks functionality and terminology
Preparation: None
Delivery Method: Live Presentation
