Part II Accounting with Quickbooks Class

Use the power of QuickBooks software to take control of your business accounting and make your life easier. In this hands-on workshop, learn how to create invoices, receive payment, make deposits, enter and pay bills, reconcile bank accounts and review financial reports through a QuickBooks. We will also cover accounting principles with a focus on how you should be able to use your financials to make everyday and long term financial decisions using QuickBooks. This is a two day class - 4 hours each day. Day two builds on the knowledge learned in day one and covers cost of services, an introduction to payroll entries, paying sub-contractors and the IRS classification parameters, understanding the difference between cash and accrual accounting, setting up items, utilization of different reports to track product/service profitability, recording prepaid expenses, how to record and avoid bad debt, use of memorized transactions, the Balance Sheet as a cash flow management tool, introduction to the Statement of Cash Flows report, creating a credit memo, introduction to business personal property tax, maintaining the Fixed Asset Item list, when to capitalize and when to expense, recording credit card purchases, tracking and paying sales tax, discuss retained earnings and year-end closing procedures and how profits are taxed. More reports are shown to demonstrate the expected results of each QuickBooks entry and how to use these reports to help make informed business decisions. This is a two day class - 4 hours each day. *This is for the desktop version of QuickBooks ONLY. NOT online QuickBooks.

Speaker(s): Suzy Schutz - eL3, LLC

Co-Sponsor(s): Grand County Economic Development Team

Highly suggested to take 2 day courses for $140 or $75 for 1 course. Please make checks out to "NWCCOG Foundation" Sign-up for the first day here: https://clients.coloradosbdc.org/workshop.aspx?ekey=140360044

Fee: $ 75.00

Cash or Check - Take both classes for $140, or one for $75