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Updated in [August 31st, 2023]
Skills and Knowledge:
At the end of this course, you will have acquired the following skills and knowledge:
- Understanding of personal bookkeeping, finance, and accounting principles
- Ability to enter personal financial data into QuickBooks
- Ability to create and analyze personal financial statements from QuickBooks including a balance sheet and income statement or profit and loss
- Knowledge of how to set up a personal QuickBooks file and enter the chart of accounts
- Understanding of how to track business financial data in a separate QuickBooks file and record intercompany transactions
- Ability to track and record personal investment data using QuickBooks
- Knowledge of how to track personal home valuation using QuickBooks
- Understanding of how to record home loan balance and related payments of both interest and principal
- Ability to enter W-2 wages into personal QuickBooks files, breaking out gross pay and withholding amounts
- Understanding of how to enter and track personal credit card payments and balances using QuickBooks
- Knowledge of how to track auto valuation using QuickBooks
- Understanding of methods for tracking prepaid amounts such as insurance using QuickBooks
Professional Growth:
This course on QuickBooks Desktop Pro for personal bookkeeping, finance, and accounting can contribute to professional growth in several ways:
1. Enhanced bookkeeping and accounting skills: By learning how to use QuickBooks to track personal bookkeeping, financial data, and tax information, individuals can develop a strong foundation in bookkeeping and accounting principles. This knowledge can be applied to professional roles that involve financial management and reporting.
2. Improved financial analysis abilities: The course teaches participants how to create and analyze personal financial statements, including balance sheets and income statements. This skill can be valuable in roles that require financial analysis and decision-making.
3. Efficient data management: QuickBooks allows users to set up a personal file and enter the chart of accounts, making it easier to organize and manage personal financial data. This skill can be transferable to professional settings where data management is crucial.
4. Intercompany transaction handling: The course covers how to track business financial data in a separate QuickBooks file and record intercompany transactions between personal and business accounts. This knowledge can be beneficial for individuals working in organizations with multiple entities or accounts.
5. Investment tracking and valuation: Participants will learn how to track and record personal investment data using QuickBooks. This skill can be valuable for professionals working in finance or investment management roles.
6. Home valuation and loan tracking: The course covers how to track personal home valuation and record home loan balances and payments. This knowledge can be useful for individuals involved in real estate or mortgage-related industries.
7. Payroll management: The course teaches participants how to enter W-2 wages into personal QuickBooks files, including breaking out gross pay and withholding amounts. This skill can be beneficial for professionals involved in payroll management or human resources.
8. Credit card payment tracking: Participants will learn how to track personal credit card payments and balances using QuickBooks. This skill can be valuable for individuals responsible for managing personal or business credit card expenses.
9. Prepaid amount tracking: The course covers methods for tracking prepaid amounts, such as insurance, using QuickBooks. This skill can be useful for professionals involved in budgeting and expense management.
Overall, this course provides individuals with practical skills and knowledge in personal bookkeeping, finance, and accounting using QuickBooks. These skills can contribute to professional growth by enhancing financial management abilities, improving data organization and analysis, and expanding career opportunities in various industries.
Further Education:
This course is suitable for preparing for further education in personal bookkeeping, finance, and accounting. It covers various topics such as tracking personal bookkeeping, financial data, and tax information using QuickBooks, creating and analyzing personal financial statements, setting up a personal QuickBooks file, entering personal data into QuickBooks, tracking business financial data, recording personal investment data, tracking personal home valuation, recording home loan balance and payments, entering W-2 wages, tracking credit card payments and balances, tracking auto valuation, and methods for tracking prepaid amounts. The course also provides backup files and examples for practice and improvement of skills.