Advanced "Beyond The Basics & Mastering" Class |
This class will teach you how to handle tricky transactions, how to perform month-end and year-end processing. You'll also learn how to understand the general ledger and important financial reports. In the "Becoming A Master" class, you’ll learn how to take your Peachtree and QuickBooks Accounting to the next level. You'll learn tips and tricks and how to utilize the more advanced features of the program. This class is conducted in 2 installments.
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| Handling Tricky Transactions for Customers |
- When to use sales receipts versus sales invoices
- Accounting for customer deposits and down payments
- Handling overpayments, applying credit memos and processing refunds to customers
- Handling NSF checks and charging customers a NSF check fee
- Voiding versus deleting customer invoices
- Handling customer customer bad debts
- Memorizing customer quotes, estimates and invoices
- Setting up and posting recurring customer invoices
- Setting up and using various price levels for billing customers
- Tracking monies due from credit card companies
- Handling layaways and trade-ins from customers
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| Handling Tricky Transactions for Vendors |
- Accounting for petty cash transactions
- How to void checks written in a prior year after tax returns have already been prepared
- Recording acquisitions of fixed assets
- Recording payments made by credit cards
- Setting up and posting recurring vendor invoices
- Adjusting and paying sales tax liabilities including adjustments for vendor's compensation and sales taxes paid on products purchased for resale
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| Handling Tricky Payroll Transactions and Reports |
- Adjusting and paying payroll tax liabilities
- Obtaining wage reports for preparing State Unemployment and Withholding tax returns
- Obtaining additional payroll reports using payroll information within Excel
- Handling direct deposits
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| Month-End Accounting Procedures |
- Reconciling bank and credit card statements
- Journal entries - when, why and how to use them
- Printing and understanding reports - what reports print and the purpose of the reports
- Creating an "Accountants Copy" and getting things ready for the accountant
- Reviewing and understanding the basic financial statements - The Balance Sheet & Income Statement
- Cash-Basis versus Accrual Basis Accounting
- Using budgets and sub-accounts
- Closing the period and restricting prior period transactions
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| Year-End Accounting Procedures |
- Adjusting general ledger balances, closing accounts and other year-end considerations
- Purging inactive customers, vendors inventory items and old transactions
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| Tips and Tricks! |
- Avoiding commonly made mistakes
- Sorting and cleaning up your chart of accounts, customers, vendors and employee lists
- Using notes to keep track of comments for customers, vendors and employees
- Setting up users and passwords to limit access to specific parts of the program
- Things you can do to speed up your program
- Important considerations for operating in a network environment
- E-mailing customer invoices and payment reminders
- Paying bills electronically
- Downloading bank and credit card transactions
- Setting up and using tasks, events and due dates
- Getting help when in a jam and fixing damaged data files
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| Customizing Forms & Reports |
- Customizing reports - adding, deleting, relocating and sorting columns on reports
- Filtering, formatting and memorizing reports for future use
- Creating report groups and processing multiple reports at one time
- Importing and exporting customers, vendors, employees and inventory items
- Setting up and using custom fields for customers, vendors, employees and inventory
- Customizing layouts and adding logos for customer invoices, purchase orders and packing lists
- Generating customer mailing lists and labels
- Creating and memorizing custom letters and forms for customers, letters and employees
- Using MS-Word to mail merge custom letters and forms
- Customizing reports, memorizing reports and using reports with Microsoft Excel
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