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In this chapter of Mastering QuickBooks we explore Financial Statements by looking into the main Financial Statements, Account Types, Adding Accounts and Sub Accounts, and General Journal Entries.

Course Series

This course is included in the following series:

9 CoursesMastering QuickBooks Series #1

  1. Mastering QuickBooks Series 1: Chapter 1: Introduction to Quickbooks
  2. Mastering QuickBooks Series 1: Chapter 2: Work with Lists
  3. Mastering QuickBooks Series 1: Chapter 3: Financial Statements
  4. Mastering QuickBooks Series 1: Chapter 4: Items
  5. Mastering QuickBooks Series 1: Chapter 5: Customers and Sales Part I
  6. Mastering QuickBooks Series 1: Chapter 6: Customers and Sales Part II
  7. Mastering QuickBooks Series 1: Chapter 7: Vendors and Expenses
  8. Mastering QuickBooks Series 1: Chapter 8: Appendix I Miscellaneous Topics
  9. Mastering QuickBooks Series 1: Chapter 9: Appendix II Advanced Financial Statements

Learning Objectives

  • Recognize Financial Statements
  • Identify Account Types
  • Explore how to Add Accounts and Sub Accounts
  • Explore how to create General Journal Entries

 

11 Reviews (35 ratings)Reviews

5
Anonymous Author
Very helpful course, good follow up from the other courses I've already completed. Cleared up my questions regarding journal entries.
5
Member's Profile
Basic accounting reports description, chart of accounts and the QB rules pertaining to JEs. Good quick overview.
5
Anonymous Author
Found a few useful items I hadn't encountered before.
5
Anonymous Author
Good info on changing snapshots and insights.
5
Anonymous Author
Very easy to follow and quick overview.
4
Anonymous Author
Easy to follow and good pace.
5
Anonymous Author
Great Course and presentation
4
Anonymous Author
Good overview of FS in QB.
5
Member's Profile
Great thorough course.
4
Anonymous Author
Very informative
5
Member's Profile
nice

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .

2 QuestionsCourse Questions and Answers

User picture

You have mentioned that filing 1099 and write off B/D were addressed in Level 2 lessons. Could you direct me to the corresponding courses within Proformative? Thanks.

Member's Profile

The Level 2 course in not available through Proformative but is available through Real Word Training. To view the details of this training, go to: https://quickbookstraining.com/ondemand-training/mastering-quickbooks-level-2-ondemand-2160.html

Course Syllabus
INTRODUCTION AND OVERVIEW
  1:30Chapter 3 Introduction
Financial Statements
  1:04Financial Statements
  2:00Balance Sheet
  2:26Profit & Loss Statement
Accounts
  00:56Account Types
  1:53Accounts
  2:15Subaccounts-Intro
  1:00Subaccounts-Add
  1:11Subaccounts-Shortcut
Reports and Entries
  1:12Collapse Reports
  1:23Journal Entries-Intro
  1:09Journal Entry Rules-I
  1:24Journal Entry Rules-II
  2:52Journal Entry Rules-III
  1:35Journal Entry Rules-IV
  1:03Reversing Journal Entry
  1:37Financial Statements-I
  1:58Financial Statements-II
Snapshot and Insights
  3:47Snapshot-Company
  1:27Snapshot-Pmts.:Cust.
  3:22Insights Tab
Continuous Play
  37:02Mastering QuickBooks Series 1: Chapter 3: Financial Statements
SUPPORTING MATERIALS
  PDFWorkbook: Financial Statements
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM