Accounting Software Overview, Industry Specific Bookkeeping Terms, Data Entry Techniques and Processes

4 hours

This is a hands-on workshop with laptops and sample data provided, covering QuickBooks techniques and processes tailored for Attorneys and Consultants. Participants should be familiar with QuickBooks.

Learn the difference between cash and accrual accounting, efficient processes for entering accounting data, and how to get timely and accurate bookkeeping information. We will demonstrate time and expense billing, time tracking, tracking reimbursable expenses, entering vendor bills and credit card statements, and producing financial reports.

Topics include financial versus tax accounting, the importance of budgeting, the purpose of different financial reports, cash flow management, time and expense tracking, time and expense billing, customizing reports, identifying and correcting errors, and more.

Exercises include setting-up budgets, entering daily time and client related expenses, creating invoices and statements, modifying reports, credit card statement reconciliation, bank reconciliation, and investigating anomalies.