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SkillSoft Explore Course

Productivity & Collaboration Tools     QuickBooks     QuickBooks Pro 2020

QuickBooks Pro 2020 is a powerful accounting system that comprises various tools and features you can use to run the finances of your business. Learn how to manage and reconcile accounts using the Chart of Accounts as well as adding or modifying items and services associated with income accounts. You'll also explore how to configure your business to receive inventory, perform an inventory cycle count, and manage vendor profiles, purchase orders, and inventory.



Objectives

QuickBooks Pro 2020: Managing Accounts, Vendors, & Inventory

  • describe the QuickBooks Chart of Accounts and how it relates to your business accounting
  • identify how to set up bank feeds in QuickBooks
  • demonstrate how to modify accounts in the QuickBooks Chart of Accounts
  • describe how to reconcile QuickBooks transactions with your bank account
  • describe how products and services can be added as separate income accounts
  • demonstrate how to add and remove items and services in QuickBooks
  • describe how to set up your company to receive inventory
  • describe how to create vendor profiles
  • demonstrate how to enter purchase orders and receive inventory items