Set-up your initial
financial Chart of Accounts applicable to your
business (something software can't personally provide) including bank, petty
cash, employee advances, fixed assets and other assets, credit cards, loans,
payroll, sales tax payable, and other liabilities, taxable and non taxable sales
or services, billing rates, custom prices, fixed or nut expenses (the bills you
have to pay every month)
Explain why your
chart of accounts should be numbered and when you should use classes;
The proper way to
record personal credit card charges so you can reimburse yourself;
Show you how to turn
on certain accounting preferences in QuickBooks
related to your business;
Establish correct
service or inventory items, classes, and adjusting
Inventory (and if you sell informing you why it is important to keep track of
your shipping costs);
Using custom billing
rates for employees and creating custom price levels
for products and services.
Job Costing and
Estimates (and explaining how to convert your estimates into an
invoice);
Bank, Petty Cash,
Credit Card, and other Account Reconciliation;
Bill and Credit Card
Posting including matching up net credit card receipts to charges;
Demonstrate the proper way to receive and deposit payments;
Teach you how to file
your City & State and Sales Taxes;
Online Payroll and
direct deposit through QuickBooks whether you have one five, or 18
employees;
