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Profit & Loss Statement
I’m New to Accounting Software – Give Me the Crash Course
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Watch This Video to See If You Know Enough to Skip This Course!
The Basics – How to Make and Spend Money
6 Topics
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Introducing our Use Case
Items and Invoices
Payments Received
Expenses
Bills and Payments Made
Examples of Bills and Expenses
The “Still Basic but Less Basic” Basics – Additional Ways to Make and Spend Money
5 Topics
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Intro to Sales Orders
Estimates
Purchase Orders
Credit Notes
Vendor Credits
The “Kind of Weird but I Guess They Make Sense?” Basics
2 Topics
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Recurring Invoices and Bills
Retainer Invoices
Debits, Credits, Journals and Chart of Accounts
8 Topics
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Warning: This is Where a CPA is Most Often Needed
Primer on Debits and Credits
Debits and Credits on an Invoice
Which Transactions Hit the Books?
Debits and Credits on Payments Received
Debits and Credits on Bills and Payments Made
Debits and Credits on an Expense
BONUS ROUND: Journal Entries
Important Reports
4 Topics
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The Three Holy Reports of Accounting
Profit and Loss Statement
Balance Sheet
Cash Flow
Time-Tracking
2 Topics
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Time-Tracking within Accounting Software
Retainer Invoices and Timesheets
Taxes!!!!!
1 Topic
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A Brief Primer on Sales Tax (in the US)
Other Miscellaneous Stuff
6 Topics
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Transaction Templates
Multi-Currency
Bank Accounts
Bank and Credit Card Feeds
Payment Gateways
Price Lists