QuickBooks Desktop vs. Excel

QuickBooks and Excel accounting cycle, reporting financial transaction to both QuickBooks and Excel compare and contrast

What you'll learn:

• Explore the core functionalities of QuickBooks Desktop and Excel for a variety of accounting tasks.
• Distinguish differences in data input and transaction handling between QuickBooks Desktop and Excel.
• Reconcile bank accounts in QuickBooks
• Implement theoretical knowledge to carry out two months of data input in QuickBooks Desktop and Excel.
• Investigate the impacts of adjusting and closing entries in both QuickBooks Desktop and Excel.
• Assess the bank reconciliation process in both QuickBooks Desktop and Excel, and its outcomes.
• Design a streamlined workflow for managing accounting tasks across QuickBooks Desktop and Excel.
• Integrate acquired knowledge to optimize the use of QuickBooks Desktop and Excel in real-world accounting scenarios
• Showcase proficiency in QuickBooks Desktop and Excel by resolving complex accounting problems.
• Devise strategies to maximize the advantages of both QuickBooks Desktop and Excel in accounting.
• Construct a comprehensive understanding of the sales, expense, and payroll cycles in both platforms.
• Evaluate the strengths and weaknesses of QuickBooks Desktop and Excel in diverse accounting scenarios.

Welcome to our QuickBooks Desktop course, an expansive and thorough journey into the inner workings of QuickBooks Desktop Accounting Software and Excel. This course aims to provide an unrivaled 'under-the-hood' understanding of accounting software and processes, using Excel's transparent data input as a lens for comparison.

The first segment of our course is an in-depth tour of QuickBooks Dektop, a premier accounting software. We will walk you through the varied features of the software, unraveling the complexities of its interface and functionality. This involves an analysis of common data input forms within the context of distinct accounting cycles - the sales cycle, the expense cycle, and the payroll cycle. By drawing parallels with Excel, we aim to provide an intuitive understanding of these cycles, their interplay within the accounting environment, and how they relate to manual data input in Excel's journal entry format.

As we forge ahead into the second segment of the course, we shift our focus to practical application. This portion is centered around a comprehensive problem, where we simulate two months of data input in QuickBooks QuickBooks Desktop and simultaneously mirror these transactions in an Excel accounting worksheet. This approach allows you to get a hands-on experience of the nuances of accounting processes. You will dive head-first into transaction entries, adjustments, and closing entries in both QuickBooks Desktop and Excel, as well as perform bank reconciliations - an essential task for any accountant.

By the time you complete this course, you will be well-versed in the functional aspects of QuickBooks Desktop Accounting Software, and understand how it stacks up against the manual data input process in Excel. Most importantly, you will acquire a set of skills that will allow you to effectively use both platforms for various accounting tasks, putting you in a strong position to manage real-world accounting scenarios.

This course is designed to provide more than just knowledge - it is about gaining practical experience, understanding the why behind the processes, and empowering you to leverage these powerful tools in your accounting journey.

If you're ready to take a deep dive into the world of accounting software, crack open the complexities of transactions, and explore the intricacies of QuickBooks Desktop and Excel, this course is just a click away. Begin your journey towards mastering the modern accounting landscape today!