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Two QuickBooks File-Business & Personal vs One File For Both

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Robert (Bob) Steele

13:57:45

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  • 1. Introduction.mp4
    07:57
  • 2. 2 Separate Business QuickBooks File-Set Up & Enter Data For First Month.mp4
    00:49
  • 3. 420 Set Up New QuickBooks Business File.mp4
    04:57
  • 4. QuickBooks Backup Files.mp4
    01:46
  • 5. PDF - Bank Statement Business Account - January.mp4
    00:06
  • 6. 425 Add Checking Account & Beginning Balance.mp4
    10:16
  • 7. 430 Enter Business Deposits From Business Bank Statement January.mp4
    10:43
  • 8. 435 Enter Business Outflows From Business Bank Statement January.mp4
    13:47
  • 9. 440 Bank Reconciliation Business Account January.mp4
    06:17
  • 10. 445 Print Reports Business Account January.mp4
    03:30
  • 11. Accounting Comic Break.mp4
    00:14
  • 12. 3 Separate Personal QuickBooks File-Set Up & Enter Data For First Month.mp4
    00:59
  • 13. 520 Set Up New QuickBooks Personal File.mp4
    07:37
  • 14. QuickBooks Backup Files.mp4
    00:05
  • 15. PDF- Bank Statement - Personal Account - January.mp4
    00:06
  • 16. 525 Add Checking Account & Beginning Balance Personal QuickBooks.mp4
    09:49
  • 17. 530 Enter Business Deposits From Personal Bank Statement January.mp4
    16:17
  • 18. PDF - Credit Card Statement - January.mp4
    00:06
  • 19. 535 Enter Personal Cash Outflows Transfer to Business Checking, Entertainment, &.mp4
    23:21
  • 20. 540 Enter Personal Cash Outflows Credit Cards, College Costs, & Phone January.mp4
    22:21
  • 21. 545 Enter Personal Cash Outflows Mortgagee, Medical, & IRA January.mp4
    22:09
  • 22. 550 Bank Reconciliation Personal Account January.mp4
    12:40
  • 23. 555 Print Reports Personal Account January.mp4
    04:53
  • 24. Accounting Comic Break.mp4
    00:14
  • 25. 4 Compare Separate Business & Personal QuickBooks Files For First Month.mp4
    01:30
  • 26. QuickBooks Backup Files.mp4
    00:05
  • 27. 610 Compare Business & Personal January.mp4
    16:09
  • 28. Accounting Comic Break.mp4
    00:14
  • 29. 5 One QuickBooks File for Business & Personal-Set Up & Enter Data For First Mont.mp4
    01:01
  • 30. 645 Set Up New QuickBooks File Business & Personal.mp4
    07:42
  • 31. QuickBooks Backup Files.mp4
    00:05
  • 32. PDF - Checking Account - Business & Personal - January.mp4
    00:06
  • 33. 650 Add Checking Account & Beginning Balance Business & Personal File.mp4
    06:22
  • 34. 655 Enter Deposits & Add Classes From Business & Personal Bank Statement January.mp4
    14:15
  • 35. 657 Enter Deposits From Business & Personal Bank Statement January Part 2.mp4
    12:50
  • 36. PDF - Credit Card Statement - January.mp4
    00:06
  • 37. 660 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Ch.mp4
    19:41
  • 38. 665 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone.mp4
    19:38
  • 39. 670 Enter Business & Personal Cash Outflows Mortgagee, Medical, & IRA January.mp4
    19:21
  • 40. 675 Bank Reconciliation Business & Personal Account January.mp4
    13:28
  • 41. 680 Print Reports Business & Personal Account January.mp4
    08:32
  • 42. 682 Add Classes To Business Accounts.mp4
    10:53
  • 43. 684 One Expense Two Classes.mp4
    08:06
  • 44. 687 SubAccounts To Sort Personal Accounts.mp4
    19:31
  • 45. Accounting Comic Break.mp4
    00:14
  • 46. 6 Compare The Use Two Separate QuickBooks Files To The Use Of One-First Month.mp4
    00:38
  • 47. QuickBooks Backup Files.mp4
    00:05
  • 48. 710 Compare Using 2 QuickBooks Files For Business & Personal to Just Using 1.mp4
    21:08
  • 49. Accounting Comic Break.mp4
    00:14
  • 50. 7 Separate Business QuickBooks File-Enter Data For Second Month.mp4
    00:54
  • 51. QuickBooks Backup Files.mp4
    00:05
  • 52. PDF - Bank Statement - Business Account - February.mp4
    00:06
  • 53. 722 Enter Business Deposits From Business Bank Statement February.mp4
    06:13
  • 54. 724 Enter Business Outflows From Business Bank Statement February.mp4
    17:00
  • 55. 726 Bank Reconciliation Business Account February.mp4
    04:10
  • 56. 728 Print Reports Business Account February.mp4
    03:46
  • 57. Accounting Comic Break.mp4
    00:14
  • 58. 8 Separate Personal QuickBooks File-Enter Data For Second Month.mp4
    00:46
  • 59. QuickBooks Backup Files.mp4
    00:05
  • 60. PDF - Bank Statement - Personal Account - February.mp4
    00:06
  • 61. 745 Enter Business Deposits From Personal Bank Statement February.mp4
    12:46
  • 62. PDF - Credit Card Statement - February.mp4
    00:06
  • 63. 747 Enter Personal Cash Outflows Food, Personal Books, & Charity February.mp4
    08:28
  • 64. 750 Enter Personal Cash Outflows Credit Cards, College Costs, & Phone February.mp4
    08:57
  • 65. 757 Enter Personal Cash Outflows Mortgagee, Medical, & Utilities February.mp4
    05:22
  • 66. 760 Bank Reconciliation Personal Account February.mp4
    07:08
  • 67. 762 Print Reports Personal Account February.mp4
    05:57
  • 68. Accounting Comic Break.mp4
    00:13
  • 69. 9 Compare Separate Business & Personal QuickBooks Files For Second Month.mp4
    00:49
  • 70. QuickBooks Backup Files.mp4
    00:05
  • 71. 772 Compare Business & Personal February.mp4
    14:13
  • 72. Accounting Comic Break.mp4
    00:13
  • 73. 10 One QuickBooks File for Business & Personal-Enter Data For Second Month.mp4
    01:05
  • 74. QuickBooks Backup Files.mp4
    00:05
  • 75. PDF - Checking Account - Business & Personal - February.mp4
    00:06
  • 76. 802 Enter Deposits From Business & Personal Bank Statement February.mp4
    14:52
  • 77. PDF - Credit Card Statement - February.mp4
    00:06
  • 78. 804 Enter Personal & Business Cash Outflows Office Supplies, Entertainment, & Ch.mp4
    14:20
  • 79. 806 Enter Business & Personal Cash Outflows Credit Cards, College Costs, & Phone.mp4
    13:43
  • 80. 808 Enter Business & Personal Cash Outflows Mortgagee, Medical, & Utilities Febr.mp4
    11:47
  • 81. 810 Bank Reconciliation Business & Personal Account February.mp4
    09:04
  • 82. 812 Print Reports Business & Personal Account February.mp4
    12:39
  • 83. Accounting Comic Break.mp4
    00:14
  • 84. 11 Compare The Use One Two Separate QuickBooks Files To The Use Of One-Second Mo.mp4
    00:55
  • 85. QuickBooks Backup Files.mp4
    00:05
  • 86. 832 Compare Using 2 QuickBooks Files For Business & Personal to Just Using 1.mp4
    16:19
  • 87. Accounting Comic Break.mp4
    00:13
  • 88. Copy Personal QuickBooks File.mp4
    02:14
  • 89. 12 Track Investments In Personal QuickBooks File.mp4
    01:44
  • 90. QuickBooks Backup Files.mp4
    00:05
  • 91. PDF - Investment Statements.mp4
    00:06
  • 92. Use QuickBooks File Q1.mp4
    00:09
  • 93. Q1 842 Record Investment At Cost Using One Account Personal QuickBooks.mp4
    16:36
  • 94. Q1 844 Record Investments At Market Using One Account Personal QuickBooks.mp4
    07:31
  • 95. Q1 846 Record Investment Activity For January No Effect On Income Statement.mp4
    09:47
  • 96. Q1 847 Record Investment Activity For January Increasing Other Income Personal.mp4
    05:28
  • 97. Q1 848 Record Investment Activity For February Increasing Other Income Personal.mp4
    07:35
  • 98. Use QuickBooks File Q2.mp4
    00:09
  • 99. Q2 852 Record Investments At Cost & Market Value December Personal QuickBooks.mp4
    16:46
  • 100. Q2 853 Record Investments At Cost & Market Value December Separate Accounts.mp4
    16:11
  • 101. Q2 854 Record Investments At Cost & Market Value January Separate Accounts.mp4
    12:52
  • 102. Q2 856 Record Investments At Cost & Market Value February Separate Accounts.mp4
    10:17
  • 103. Accounting Comic Break.mp4
    00:13
  • 104. 13 Track Home Value In Personal QuickBooks File.mp4
    01:04
  • 105. QuickBooks Backup Files.mp4
    00:05
  • 106. Use QuickBooks File Q1.mp4
    00:09
  • 107. Q1 882 Record Home At Cost Personal QuickBooks.mp4
    09:20
  • 108. Q1 884 Record Home Increase In Value Personal QuickBooks.mp4
    05:42
  • 109. Use QuickBooks File Q2.mp4
    00:09
  • 110. Q2 892 Record Home At Appraised Value Using Two Accounts Personal File.mp4
    09:10
  • 111. Accounting Comic Break.mp4
    00:13
  • 112. 14 Enter Home Loan Mortgage In Personal QuickBooks File.mp4
    00:51
  • 113. QuickBooks Backup Files.mp4
    00:05
  • 114. Amortization Schedule - Home Loan.mp4
    00:06
  • 115. Use QuickBooks File Q1.mp4
    00:09
  • 116. Q1 902 Record Home Loan Adjust To Loan Statement Personal File.mp4
    12:08
  • 117. Use QuickBooks File Q2.mp4
    00:09
  • 118. Q2 905 Record Home Loan & Make Amortization Table Personal QuickBooks.mp4
    11:15
  • 119. Q2 907 Record Home Loan & Adjust Loan Payments Personal QuickBooks.mp4
    11:45
  • 120. Accounting Comic Break.mp4
    00:13
  • 121. 15 Enter W-2 Employee Income In Personal QuickBooks File.mp4
    01:36
  • 122. QuickBooks Backup Files.mp4
    00:05
  • 123. PDF - Paycheck Stub.mp4
    00:06
  • 124. Use QuickBooks File Q2.mp4
    00:09
  • 125. Q2 910 Record Paycheck Personal QuickBooks.mp4
    15:14
  • 126. Accounting Comic Break.mp4
    00:15
  • 127. 16 Enter Credit Card Purchases, Payments, & Liabilities In Personal QuickBooks F.mp4
    01:25
  • 128. QuickBooks Backup Files.mp4
    00:05
  • 129. PDF - Credit Card Statement - January & February.mp4
    00:06
  • 130. Use QuickBooks File Q2.mp4
    00:09
  • 131. Q2 915 Credit Card Liabilities Personal QuickBooks.mp4
    17:41
  • 132. Accounting Comic Break.mp4
    00:15
  • 133. 17 Enter Auto Value & Loan In Personal QuickBooks File.mp4
    01:19
  • 134. QuickBooks Backup Files.mp4
    00:05
  • 135. Use QuickBooks File Q1.mp4
    00:09
  • 136. Q1 917 Auto Simple Method Personal QuickBooks.mp4
    15:54
  • 137. Use QuickBooks File Q2.mp4
    00:09
  • 138. Q2 919 Auto Record & Depreciate Personal QuickBooks.mp4
    18:25
  • 139. Accounting Comic Break.mp4
    00:14
  • 140. 18 Allocate Insurance & Prepaid Expenses In Personal QuickBooks File.mp4
    02:24
  • 141. QuickBooks Backup Files.mp4
    00:05
  • 142. Use QuickBooks File Q2.mp4
    00:09
  • 143. Q2 920 Allocate Insurance Costs Personal QuickBooks.mp4
    15:08
  • 144. Accounting Comic Break.mp4
    00:14
  • Description


    Practice problem format comparing two methods to enter business and personal data in QuickBooks Desktop Pro 2019

    What You'll Learn?


    • How to set up a QuickBooks Desktop Pro 2019 file to track personal financial data
    • How to enter personal financial data into QuickBooks Desktop Pro 2019 from a bank statement
    • How to use one QuickBooks file to track both personal and business financial data with the use of class tracking
    • List and describe the pros and cons of using one QuickBooks file to track personal and business financial data to using two QuickBooks files
    • Enter personal balance sheet data into personal QuickBooks Desktop Pro 2019 files including home, auto, and home loan
    • Enter credit card data using multiple method into QuickBooks Pro Desktop 2019
    • Enter employee W-2 Income into QuickBooks Desktop Pro 2019 using multiple methods
    • Enter insurance and other prepaid expenses into QuickBooks Pro Desktop 2019 using multiple methods

    Who is this for?


  • Business owners looking for the best QuickBooks system for them.
  • Bookkeepers looking to differentiate themselves from the competition by learning how to use QuickBooks to track personal finances and use the class tracking feature.
  • Accounting students leaning how to apply accounting concepts to practice.
  • What You Need to Know?


  • We should be familiar with QuickBooks and or accounting.
  • More details


    Description

    QuickBooks Pro Desktop 2019, comparing two methods of tracking both business and personal records, one using two QuickBooks Desktop 2019 files, and one using a sing file to track both business and personal financial data using QuickBooks class tracking feature.

    We will work with hands-on practical practice problems together under both methods, compare the results, and discuss the pros and cons of each approach.

    The course will start with the method of using two separate QuickBooks files for business and personal records because this is the most widely recommended method and provides the greatest separation of business and personal data which is usually a good thing.

    We will create new QuickBooks files for both business and personal records. The course will also provide backup files that can be used to jump forward in the course or to rework problems while using the same data set.

    We will enter two months of data into our QuickBooks files using simulated bank statements we will provide in the course as PDF files. After we enter the data into QuickBooks, we will generate reports and compare the data in the personal and business files.

    The next step will be to enter similar data into one QuickBooks file, a QuickBooks file that will be used to track both personal and business accounting data. To achieve this goal, we will start a new QuickBooks file and enter financial data from a simulated bank statement the course will provide in PDF format.

    As we enter data into the joint QuickBooks file, we will assign a class to each transaction that will help to separate the data during financial reporting. After we have entered the data, we will generate reports including a profit and loss by class. The profit and loss by class report well separate business and personal expenses. We will also discuss other options for filtering reports by class.

    We will then compare the two methods, the use of two separate QuickBooks files to the use of one QuickBooks file for both business and personal data, separating the content with the use of class tracking.

    Next, we will discuss personal balance sheet items and how we can add them to our financial data including financial investments, our home, our mortgage, and our auto.

    We will also discuss alternative methods for tracking credit cards, recording loan payments, and entering employee W-2 income.  

    In addition to the instructional videos, this course will include downloadable  

    •    QuickBooks Pro Desktop 2019 Backup files

    •    Excel practice files

    •    Downloadable PDF Files  

    The QuickBooks Desktop 2019 backup files are a great tool that allows us to jump ahead in the material or to rework material if we choose.

    Excel practice files will be preformatted and will generally have at least two tabs, one tab with the completed work and a second tab with a preformatted worksheet we can fill in as we watch the instructional videos.   

    Who this course is for:

    • Business owners looking for the best QuickBooks system for them.
    • Bookkeepers looking to differentiate themselves from the competition by learning how to use QuickBooks to track personal finances and use the class tracking feature.
    • Accounting students leaning how to apply accounting concepts to practice.

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    Robert (Bob) Steele
    Robert (Bob) Steele
    Instructor's Courses
    Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.    Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).    Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.    In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.    Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.    Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.    Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.    Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.    The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.    Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.
    Students take courses primarily to improve job-related skills.Some courses generate credit toward technical certification. Udemy has made a special effort to attract corporate trainers seeking to create coursework for employees of their company.
    • language english
    • Training sessions 144
    • duration 13:57:45
    • Release Date 2024/05/13