QuickBooks Online vs. Excel

Navigate & Compare QuickBooks Online and Excel: Learn the Ins & Outs of Accounting Cycles and Transactions

What you'll learn:

• Enter normal business transactions in QuickBooks
• Enter normal business transactions in Excel using debits and credits
• Reconcile bank accounts in QuickBooks
• Reconcile bank accounts in Excel
• Generate Reports in QuickBooks
• Make Reports in Excel
• Analyze Reports

Welcome to our QuickBooks Online course, a comprehensive and in-depth journey into the mechanics of QuickBooks Online Accounting Software and Excel. This course is designed to grant you a unique 'under-the-hood' perspective of accounting software and processes, utilizing Excel's transparent data input as a comparative tool.

The first phase of our course delves deeply into QuickBooks Online, a leading accounting software solution. Here, we will guide you through the intricacies of the software, deciphering its interface and extensive functionality. This involves a thorough analysis of common data input forms within various accounting cycles - the sales cycle, the expense cycle, and the payroll cycle. By drawing comparisons with Excel, our aim is to give you an intuitive understanding of these cycles, their interrelationships within the accounting environment, and how they mirror manual data input in Excel's journal entry format.

As we venture into the second half of the course, our emphasis shifts to practical applications. This segment is structured around a comprehensive problem, wherein we simulate two months of data input in QuickBooks Online, mirroring each transaction in an Excel accounting worksheet. This experiential learning method offers a hands-on experience of the nuances of accounting processes. You will delve into transaction entries, adjustments, and closing entries in both QuickBooks Online and Excel, in addition to performing bank reconciliations - a critical task for any accountant.

By the end of this course, you'll be well-versed in the operational aspects of QuickBooks Online Accounting Software and understand how it compares against manual data input processes in Excel. More importantly, you will possess the skills to use both platforms effectively for diverse accounting tasks, positioning you strongly for handling real-world accounting scenarios.

This course goes beyond imparting knowledge; it is about gaining hands-on experience, understanding the rationale behind the processes, and empowering you to maximize the potential of these powerful accounting tools.

If you're ready to delve into the world of accounting software, unravel the complexities of transactions, and explore the intricacies of QuickBooks Online and Excel, this course is just a click away. Embark on your journey towards mastering the contemporary accounting landscape today!