Welcome to QuickBooks Online Certification Training

Module 2 Common Workflows

Michelle L. Long, CPA, MBA Owner of Long for Success, LLC, Kansas City, Missouri International speaker Intuit Trainer/Writer Network US, Canada, Australia, UK and Curacao Author 5 books (available on Amazon), co-author of Advanced Certifications for QB Online and Desktop and author of numerous Trainer Diane Lucas courses for Accountants University Co-Host http://qbpowerhour.com and http://accountingvcon.com Linkedin Group ~160,000+ members http://tinyurl.com/qbgroup Honors & Recognition Most Powerful Women in Public Accounting, Top 100 Small Business Influencer, Top 10 ProAdvisor, SBA Financial Services Champion + more

CPE Process You must stay in the session for the duration of the training. This training session is eligible for 1.5 hours of CPE There will be CPE polling questions that will be pushed out during the session. In order to qualify for CPE, you must Trainer respond Diane to all Lucas polling questions during the session. CPE certificates are e-mailed directly to you within 3 days to the same email address used to register. You must keep a copy for your records.

Module Topics Topic 1: QuickBooks Concepts Topic 2: Money In Topic 3: Money Out Topic 4: Other Transactions

Topic 1: QuickBooks Concepts Learning Objectives Upon completion of this topic, you should be able to: Define common QuickBooks concepts and terms related to recording transactions.

Invoice vs Bill Customer Invoice = Money In Vendor Bill = Money Out

Posting vs Non Posting Posting Invoice Payment Credit Memo Sales Receipt Refund Expense Cash Expense Credit Card Expense Check Bill Bill Payment (Check) Bill Payment (Credit Card) Vendor Credit Credit Card Credit Sales Tax Payment Deposit Transfer Journal Entry Inventory Qty Adjust. Non Posting Estimate Delayed Credit Delayed Charge Purchase Order Time Tracking Statement

Recording Financial Activity

Topic 2: Money In Learning Objectives Upon completion of this topic, you should be able to: Identify best practices when using QuickBooks Online to record revenue Determine appropriate sales-related settings Recognize alternative entry points for entering sales transactions Recognize the features of Online Invoices Identify the functionality of QuickBooks Payments

Money In / Sales & Revenue Sales Settings & Payment Settings Sales Form Styles & Import Styles Transaction Types QuickBooks Payments & Online Invoicing Customer Center & Sales Center

Review Sales Settings Gear Icon > Company Settings

Custom Form Styles

Estimates

Customer Center

Sales Center

Delayed Charges & Credits

Invoices

Payments

Credit Memo vs Refund

Sales Receipts

Online Invoices Get paid faster with Online invoices

Company Settings > Sales

Set email Options for Invoices to Online Invoice, No pdf

Select online payment options, email invoice

Customer Clicks Button in email

Customer Opens Invoice in Browser, No Password Required

Customer Can Print or Save PDF

Invoice Total Amount Linked to Current Balance in QuickBooks Online

Interactive Messaging Archived in QuickBooks Online on Invoice Transaction

Pay Now Button is Inactive when QB Payments Not Turned On

QuickBooks Payments Company Settings > Payments

Create New QB Payments Account

Select Plan, Provide Business & Personal Info, Submit

Application Approved, Service Available in 24 Hours

Connect Existing QB Payments Account

Verify Account Connected on New & Existing Accounts

Button Active when QB Payments Turned On

Customer Enters Amount (Less Than or Equal To) and Payment Info

Email Receipt Sent to Payer

Status & Balance Updated on Online Invoice

Payment Recorded in QuickBooks Online Automatically, No Sync Required!

Setup Recurring Sales Receipts and Collect cc Payments Automatically

Topic 3: Money Out / Expenses & Purchases Expense Settings & Purchase Settings Accounts Payable Transactions Bank & Credit Card Transactions Converting to Bill Payment Vendor Center & Expense Center

Review Expense Settings Gear Icon > Company Settings

Vendor Center

Expense Center

Purchase Orders

Bills

Bill Payments

Vendor Credit

Check

Expense

Topic 4: Other Transactions Deposits Transfers Journal Entries Timesheets/Billable Time Statements

Deposits

Transfers

Journal Entries

Timesheets

Statements

Virtual Conference Certification Challenge Attend (any or all) Certification Prep VCon Courses Complete the 2016 QuickBooks Online Certification by end of day, September 24, 2016 Enter your shipping record at: http://bitly.com/vcon_cert_complete Enjoy your reward! Offer applies to ProAdvisors that: Are 2015 QuickBooks Online certified and have not yet updated to 2016 QuickBooks Online certification has expired Have not previously become QuickBooks Online Certified Provide a U.S. shipping address Your Rewards: Tech Kit Includes everything to keep you charged! Mobile battery back up, Mobile Vehicle Charger, USB Charger, Ear buds Lapel Pin: QuickBooks Online Certified ProAdvisor QuickBooks Online Bag Terms: Offer applies to the QuickBooks Accounting Virtual Conference participants who attend at least one of the five part QuickBooks Online Certification Prep Training courses during the event on September 21-22, 2016 and successfully complete the 2016 QuickBooks Online Certification exam by midnight September 24, 2016. Completion of the 2016 QuickBooks Online Certification between September 1, 2016 and September 24, 2016. Items shipped within 4 weeks of adding your record into the database. Offer valid for shipment within United States only

October 24-26, 2016 San Jose Convention Center www.qbcon2016.com REGISTRATION IS OPEN

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